Should we boycott the Facebook Coin (Project Libra)?

[YoloBull]

Facebook is the antithesis of everything Satoshi stood for.

Should we, as the crypto community, boycott their effort?

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

It wouldn't be the first time that a company had engaged in lobbying and rent-seeking to harm competitors.

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[tabas]

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

Not just their wealth but their influence to the world.

Should we, as the crypto community, boycott their effort?

I don't have anything about them and don't have plans of using or buying them once they launch.

[jazmuzika217]

Its too early for saying "boucott" lets just wait what will happen to Libra in 2020halving we all know the crazy reality that Facebook is the popular social media in the internet world.
I dont see any reason why we need to use this coin if we already have a Bitcoin.

[samcrypto]

If you think Libra coin can be more usable for you, then why you will boycott it? This is what we’re waiting for, the adoption is happening now and yet we are thinking negatively about that, if there’s no adoption then no progress in this market so i will not support this one. If you’re holding altcoins, then no reason for you to boycott Libra coin.

[deodivine1]

I understand your concerns Since Libra is somehow centralized, but I doubt if Facebook coin (Libra) will be against other cryptocurrencies.  No matter how we put it, Libra will foster adoption mainstream since many organizations will be involved and Facebook has a very vast number of users who if they adopt crypto, it's a plus for overall crypto market.

[asriloni]

 As people above me said just never try to buy or use it and that's more than enough like boycott facebook coin. But I'm so funny to see how facebook was urged delayed the launch of the libra coin.
We have use that will prevent facebook to do that.
US with us right now. 

[kaya11]

Facebook is the antithesis of everything Satoshi stood for.

Should we, as the crypto community, boycott their effort?

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

It wouldn't be the first time that a company had engaged in lobbying and rent-seeking to harm competitors.

I think it wouldn't go beyond that point, maybe they will play by the rules and if their coin failed, I think they would stop and do something else aside from making a new coin, it's either upgrading their app or things that are related to it. Now we can't really easily boycott something that is so famous and without prior reasons. especially facebook is a tool used by billion of users around the globe.

[Eddyc]

There is no need and boycott, in my opinion the pound project will show us how difficult it is to be centralized in a world that requires flexibility and decentralization. On the other as in the comment above, the facebook It has billions of users and this can warm the market by bringing the mass to the game we know as cryptocurrency.

What we have left is to sit back, relax and wait for the next results...

[kawetsriyanto]

Don't be panic with the current situation. Why don't just monitor the progress of the coin firstly? We cannot judge the negative impacts of Libra while it seems to bring positive influence to the rise of Bitcoin value. Moreover, a call for boycott seems difficult to succeed. I doubt if it can impede the interest of millions of people to buy it.

[moonblocks]

Facebook's cryptocurrency is for a different set of users and it has its own unique use cases which won't necessarily overlap most Bitcoin or alternatives so there shouldn't be too much to worry about as it is bringing much needed mainstream awareness to the industry

[ballerin and giroud]

Do we need it? I guess no. Facebook and the real cryptocurrency such as bitcoin have different function which mean if the facebook coin has been existed we will never see an affected to bitcoin especially negative affect. Just give them spreading up cryptocurrency until their user will be aware that facebook is not cryptocurrency and they will change their mind to bitcoin.

[AliErkic]

Yes!
People need to boycott Libra shitcoin to stop Facebook from abusing power. It has gone to far and facebook is now a global concern. We should not give greedy scammers any space. If we don't boycott it, Libra can get a bad shitcoin, worse as Ripple scam.
Show Libra scam a red card and boycott it. Libra is not real crypto, it's shitcoin.

[zhea]

Its too early for saying "boucott" lets just wait what will happen to Libra in 2020halving we all know the crazy reality that Facebook is the popular social media in the internet world.
I dont see any reason why we need to use this coin if we already have a Bitcoin.

Too early to tell while we already have speculation that Libra coin would be centralized which defeat the purpose of cryptocurrency. The news of Facebook having to launch their own coin might be the one reason also why we have this pump at the moment so this might also good to the overall welfare of the community but like you said too early to tell.

[rdluffy]

Yes, for sure
I'll not support this coin no matter what, I know I'm just a random guy, but I don't agree with facebook
I'll stand with BTC and some alts

[nowlscor18]

Its too early for saying "boucott" lets just wait what will happen to Libra in 2020halving we all know the crazy reality that Facebook is the popular social media in the internet world.
I dont see any reason why we need to use this coin if we already have a Bitcoin.

Too early to tell while we already have speculation that Libra coin would be centralized which defeat the purpose of cryptocurrency. The news of Facebook having to launch their own coin might be the one reason also why we have this pump at the moment so this might also good to the overall welfare of the community but like you said too early to tell.

We need not expect too much on new coins even though it was merely constituted to facebook. Popularity doesn't guarantee an assurance because it can be used against us, and probability of hype price could be possible. Speculative ideas begun to spread, it can be positive or negative but what is important is you're being defensive before worse cases may result to total disappointments.

[Mr.Zero]

what, are you really sure about what you said in this thread ??
i am not too update news about LIBRA project, i just heared it born and have official website and whitepaper with LIBRA coin.
if you said is true, we must stop it together, i don't want my crypto become something other.
i love cryptocurrency and let's we protect it together.

[bhabygrim]

I don't think that we need to boycott it let's just wait and see how it would change the crypto industry.
We who have been in the crypto for a long time already know what we want and we doesn't really want those centralized shitcoin ,
Most of us wants freedom and doesn't want to be monitored so I think the only ones who would buy it are the newbie's or those who would use it to gain profit from trading a simple buy and sell purpose.

[Airelves09]

I don't think it's the opposite of BTC. Instead, people can use Facebook's Libra to expand the influence of BTC. From the initial BTC to the later alts. They are all forms of encryption. For Libra, we need to wait for confirmation of the final information. Everything is still under discussion.

[coinswebid]

I don't think it's the opposite of BTC. Instead, people can use Facebook's Libra to expand the influence of BTC. From the initial BTC to the later alts. They are all forms of encryption. For Libra, we need to wait for confirmation of the final information. Everything is still under discussion.

yes, libra help crypto world growing faster
i believe all facebook users will know and learn about cryptocurrency especially bitcoin
people who ignoring crypto before this libra born, now they will learn about crypto because of this libra
thats very positive impact right ?

[aioc]

Facebook is the antithesis of everything Satoshi stood for.

Should we, as the crypto community, boycott their effort?

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

It wouldn't be the first time that a company had engaged in lobbying and rent-seeking to harm competitors.

This could possibly happen but how are we going to boycott and stop it, they have the platform and community and of course products where they can use their own cryptocurrency, it will just be laid out to these platforms, so whether we like it or not, they are going to make an impact.