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Author Topic: Facebook coin is not a threat for Bitcoin  (Read 2511 times)
Gerou56
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June 25, 2019, 03:05:33 PM
 #81

When it is planned to launch another cryptocurrency on the market, a large brand like a facebook arises more doubts than joys. Even using a blockchain, can they guarantee the confidentiality and security of user data? What about past scandals, where did the whole world find out about the flaws in their privacy system?
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June 25, 2019, 03:08:23 PM
 #82

They ultimately have a grandiose goal to compare with Bitcoin in popularity and make a very flexible product that will allow a large number of users to send cryptocurrency without any problems and use it for purchases. However, on the whole, the society is not prepared to start using cryptocurrencies en masse, since speculations are too strong
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June 25, 2019, 03:10:43 PM
 #83

The society is not ready, because there are not enough popular sources where people could learn how to use cryptocurrency. I am glad that I found the project taklimakan, he helped to deal with many terms and understand how to trade on the crypto exchange. But we still continue to see cryptocurrency price manipulations. So it will be interesting that Facebook will be able to offer users and investors.
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June 25, 2019, 03:13:00 PM
 #84

I perceive the expansion of the cryptocurrency market positively. Because there was a time when people did not believe in the blockchain. But now it doesn't even matter which companies, facebook, visa or paper are launching their coin. All this shows the value of the blockchain and reinforces public interest in it. So people can better understand the true value of decentralization and the power of blockchain technology, and innovation can start to happen faster and faster.
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June 25, 2019, 03:25:42 PM
 #85

Facebook is going to partner with dozens of the most wealthy and powerful mega-corporations in the world and they are going to buy up Bitcoin so that they control the market as much as possible. That is what Libra is. They say it is just a harmless token but they are just going to partner up to take over Bitcoin. Libra takes the balance away from de-centralization and placing it back into the mega-corporations pockets. Facebook is up to no good as usual.

It is no different than Facebook saying we care about protecting your privacy. They don't.
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June 25, 2019, 04:23:14 PM
 #86

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

I don't agree with you.Libra will be the next main competitor of bitcoin in future. US and other governments around the world will also support the Facebook's pride coin Libra.Main reason is governments  and facebook company can control your account.They will  track very transaction you made..If any thing its looks like suspicious, they can block the account and seize that.Just like as bank transactions in nowadays.After the Libra spread then they will start the war against bitcoin,that the coin they can't control.They introduce the alternative coin for you.Now you have nothing to say.

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June 25, 2019, 06:39:51 PM
 #87

The Libra white page does not mention Bitcoin at all?  That is like the Trojan Horse identifier.
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June 25, 2019, 07:16:20 PM
 #88

The Libra white page does not mention Bitcoin at all?  That is like the Trojan Horse identifier.

That is best thing to do say for Libra.A Trojan horse.A Trojan horse send by the anti-bit coiners like banks,government and ect. If we caught for this trap it will be the beginning of ending bitcoin.Whatever they say don't caught for that.A bomb covered with chocolate layer of whitepaper which didn't even mention the king of crypto-currencies.     

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magneto
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June 25, 2019, 09:22:10 PM
 #89

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

I don't think that even their intentions was to compete with BTC in the first place.

The fact that they are structured much more like a centralised stablecoin means that they essentially acknowledge the fact that they won't go into the decentralised market (probably due to regulation as well), and that their primary competitors will be traditional banking institutions, as well as the issuers of existing stablecoins.

This is why you see articles that state concern about Libra's legality, because a lot of people in the banking industry is concerned with the competition that it brings.

But even if it's not a direct competitor of bitcoin, should it be used? No. It is very easy for them to base their currency off fractional reserve, and in which case, it'll be no different to traditional bank deposits except they may be subject to even less reserve regulation.
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June 25, 2019, 10:26:59 PM
 #90

I can say that the recent upward trend in BTC  is because of the announcement about facebook's Libra coin whitepaper. Facebook coin is indeed not any threat to our original crypto, BITCOIN so I am much happy to see things go the way they are going and I hope to see more when it is fully launched
I agree on you.This current growth of bitcoin might simply because of the said launching of facebook coin.I really think that facebook coin is not a big threat for bitcoin because bitcoiners will always go on a coin with full of fluctuations because it gives them thrill to see prices suddenly rising up and knowing facebook coin,it is just like USD that has a stable price so investors would not likely to benefit from it.

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June 26, 2019, 05:56:57 AM
 #91

The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.

This might open the appetit for other crypto,  as well, most likely Btc will be on the short list.

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June 26, 2019, 05:59:00 AM
 #92

The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.

This might open the appetit for other crypto,  as well, most likely Btc will be on the short list.
Definitely agree with you here and think that the more cryptos coins the better
Some people think this bull run is because of issues that libra is facing and I wonder if this is true.

CBANX3
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June 26, 2019, 07:28:04 AM
 #93

Facebook has already clear that they have nothing to do with the Bitcoin yet its "Libra" has an impact on the Bitcoin though it is completed different venture of Facebook.
FlyingDrozd
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June 26, 2019, 07:34:33 AM
 #94

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.


There was never any threat to bitcoin. Bitcoin is the king of crypto.
Pakar11220
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June 26, 2019, 07:37:36 AM
 #95

Never, Dear remember that in the world many strong authorities and people have tried to degrade bitcoins from the market and no one get success. Yes bitcoin get some panic time but never down. As far concern to facebook coin i-e libra then there is a big difference between libra and bitcoins like Bitcoin will never show your identity that who you are and never expose your information or money to any where while libra will expose your identity and will never keep you secret. Just like that there are various things which are most beneficial in bitcoin and due to that people from the world like bitcoin as compare to other coins.

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June 26, 2019, 08:09:52 AM
 #96

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

No need to excited dear brother. Sinet has not accepted Libra still now as they can not trace crypto currency buy and sell group. They think that it may used in wrong way so that they did not accept it in their house.

So first think its acceptance and then price and stability.

Thanks.

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June 26, 2019, 08:30:02 AM
 #97

The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.

This might open the appetit for other crypto,  as well, most likely Btc will be on the short list.
Definitely agree with you here and think that the more cryptos coins the better
Some people think this bull run is because of issues that libra is facing and I wonder if this is true.


Of course there will be more choices for traders to find their daily income, if you think about it, precisely with the Libra coin making the Cryptocurrency population increase with the existence of Libra coins, and there will be more and more new users using cryptocurrency.

I strongly believe that in the coming year there will be many big companies, to take part in developing Cryptocurrency in the future ...
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June 26, 2019, 08:31:23 AM
 #98

I can't comment too far, because we haven't seen for ourselves whether later Facebook coins aren't like bitcoin? and what are the benefits for us to buy the coin. When compared, it remains a bitcoin that is targeted by investors.

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June 26, 2019, 08:35:19 AM
 #99

Facebook is going to partner with dozens of the most wealthy and powerful mega-corporations in the world and they are going to buy up Bitcoin so that they control the market as much as possible. That is what Libra is. They say it is just a harmless token but they are just going to partner up to take over Bitcoin. Libra takes the balance away from de-centralization and placing it back into the mega-corporations pockets. Facebook is up to no good as usual.

It is no different than Facebook saying we care about protecting your privacy. They don't.

Although if they partner with the most wealthiest cooperation around the world or whatsoever, Bitcoin will still stand and can't be control by them put together becasue of it decentralization. Remember, even if they choose to buy up Bitcoin never will they be able to do so becasue of the Bitcoin supply volume, it will take them decades to do that. Facebook can't be a threat to Bitcoin never will it be.

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June 26, 2019, 09:29:16 AM
 #100

Since Facebook announced their coins, I don't see that this will be a threat to Bitcoin. Facebook has a different purpose than Bitcoin and maybe it's just the adoption of their same technology.

I can't comment too far, because we haven't seen for ourselves whether later Facebook coins aren't like bitcoin? and what are the benefits for us to buy the coin. When compared, it remains a bitcoin that is targeted by investors.

The advantages of buying Facebook coins? You can only buy Facebook games and promote your ads through Facebook ads. They will make Libra like Paypal, only for transactions on their platform.

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