Should we boycott the Facebook Coin (Project Libra)?

[epis11]

Really boycott? Did you know how huge user-base Facebook has? If all users in this forum will boycott the Libra coin Im telling you this will not affect this project, this company has a billion dollar funds that can be used to backup their own coin and launch a massive marketing campaign to present Libra coin all over the world, they have the machineries to make this project very successful for massive adoption.   

[tabas]

Really boycott? Did you know how huge user-base Facebook has? If all users in this forum will boycott the Libra coin Im telling you this will not affect this project, this company has a billion dollar funds that can be used to backup their own coin and launch a massive marketing campaign to present Libra coin all over the world, they have the machineries to make this project very successful for massive adoption.   

You are right about that at least and I've told that they have such influence. It's your choice whether to buy, use or keep their coin if ever it's already on the market. I don't think that they have massive marketing campaign for the coin because they are already large, they focused with the development by hiring different blockchain professionals.

[Samboo]

I do not think it will be a wise idea to boycott any token, be it issued by Facebook or other. In democratic market, every token has rights to be introduced to the market.
I think Facebook's Libra token will have a good impact on the overall market of the crypto. Facebook's libra will do its work and other tokens do theirs.

[mu_enrico]

I don't understand why do people like to boycott things? I mean to be organized, not freedom of choice of an individual. If you don't like Libra coin, you simply don't use it, and if many people don't use it, it will surely die by nature. Let the market decide whether this coin is useful or not, just like any other altcoin out there.

[Bohr256]

Why? Other cryptos are centrilized too. At least this one has the $ to back it up. Besides, competition is always good.

[sulis sudibyo]

Really boycott? Did you know how huge user-base Facebook has? If all users in this forum will boycott the Libra coin Im telling you this will not affect this project, this company has a billion dollar funds that can be used to backup their own coin and launch a massive marketing campaign to present Libra coin all over the world, they have the machineries to make this project very successful for massive adoption.   

You are right about that at least and I've told that they have such influence. It's your choice whether to buy, use or keep their coin if ever it's already on the market. I don't think that they have massive marketing campaign for the coin because they are already large, they focused with the development by hiring different blockchain professionals.

yes, I agree with you. all return to each person whether they want to buy or boycott. when Libra has entered the market we will see what the impact of this project will be. does this project have a positive impact on crypto, or is this coin a crypto killer. I personally still look around and have not made a decision whether to buy or otherwise. but if there are no problems, maybe I will try to buy.

[Shova]

Facebook like any other companies can do whatever that may benefit them. Many companies have come up with different ideas and cryptocoins and Facebook now is entering the crypto market in a huge way. The choice of using or not using the coin is a personal choice.

[timmmers]

No, you can´t do nothing, you are so small. And why would you do it? Libra coin will bring almost all Facebook people to cryptocurrency sphere, this is the start of the crypto revolution. Website used by 2.38 billion monthly active users are going to create crypto, thats what we wished, or not?

[Herbert2020]

Facebook is the antithesis of everything Satoshi stood for.[/size]
Should we, as the crypto community, boycott their effort?

well why aren't you boycotting XRP, ETH, BCH, BSV, ... and hundreds of other shitcoins that are fully centralized and in many cases are seriously against everything Satoshi stood for? we can't have double standards. we either stick to certain principles or we don't. we can't choose to ignore it in some cases because it gives us profit (thanks to their pumps) and magnify the same flaws in something else that doesn't!

[kanmo]

I don't see any reason to boycott Facebook because its really going to an altcoin that will worth the investment of all and sundry in the crypto. I won't support any boycott because Facebook will bring in more investor and in a way encourage more adoption of cryptocurrency in the world.

[Bttzed03]

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

Just ignore.

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.

Since they officially announced the Libra coin, some major countries have already expressed their concern about the new coin. It appears that they have to use their wealth and influence to sway some people in the government and banks first.

[Aveatrex]

well why aren't you boycotting XRP, ETH, BCH, BSV, ... and hundreds of other shitcoins that are fully centralized

ETH,BCH and BSV are not centralized to my knowledge.

Libra coin will bring almost all Facebook people to cryptocurrency sphere

Not really.If Facebook manages to bring in only 10% of it's user base into cryptocurrency that's a big achievement.Things just doesn't work like that.

Libra is not real crypto,

Technically,Libra IS a cryptocurrency since by definition cryptocurrency just means a secure digital currency supported by a public ledger.

In my opinion,Libra project is a good event to happen.Let me explain my self.Today,there's a lot of people who FEAR cryptocurrency simply because there was too much hacks, stolen coins, extreme volatility and people lost a lot of money,this is the COST of decentralization.For these people,it is a great thing to have a centralized cryptocurrency that is practical and less risky than others like XRP or Libra.

[Shenzou]

Well XRP is centralized and no one said anything about it, people are investing it , not that i support the Facebook coin or anything but if you think about it we can use it for our own advantage, with the Facebook having so many users and a large user base and it is a very well know company, and if the coin gets a bit of success other companies will do the same and that will lead to wide acceptance of crypto which is a good thing for us, you don't have to support it, just use it for your advantage.

[alphaboon]

I think it is too early to talk about boycott. Why not give it a try first

[Red-Apple]

Libra coin will bring almost all Facebook people to cryptocurrency sphere

Not really.If Facebook manages to bring in only 10% of it's user base into cryptocurrency that's a big achievement.Things just doesn't work like that.

but it is not meant to do that at all. they will even discourage people to go into cryptocurrencies specially bitcoin even if it means spreading a lot of FUD. they have already done some small scale version of it when they made their announcement.

[NathanJB]

I admit that I have not yet carefully studied the pros and cons of Facebook's crypto project. If you haven't done the same, it is better to do it first before finally concluding that we should boycott the coin. In general, remember that Facebook, which has a lot of followers and supporters than haters, getting into the crypto phenomenon is a big advantage rather than not.  

[CryptoAlphaStar]

No matter if we boycott it or not, there will be a massive user base for it.
Decentralization and privacy has its niche market share and we will continue to serve that.

[Bananington]

Recently I've been seeing concerns about Libra, Facebook's cryptocurrency. I understand it's more centralized which literally doesn't suit the decentralized nature of crypto architectures, but we have to look at the good sides of Libra.  Libra is going to drive in massive crypto adoption, and that's what existing projects have failed to attain to a great scale.  Libra will draw in more and more people to crypto space increasing the overall market capitalization.  Libra is no challenge to Bitcoin as some people say because it's a stable coin,  and moreover Bitcoin remains the pace setter and king. 

[FanEagle]

It is not about having an affect or not on Libra. If all big crypto people and the crypto community doesn't like Libra and they all come against it saying how horrible it is and how risky it is and tell everyone the risks of Libra even with the huge user base of facebook they will have trouble, maybe they will still be fine but that would hurt their chances of becoming gigantic like they want to.

However, I still think we should not because the moment people get into Libra they will realize crypto ain't so bad and they will want to keep getting into further depths of crypto world and first step will be bitcoin. Anyone who uses libra and likes it will have a big chance of liking bitcoin too and buying some of it, that is why I think we should let it be whatever it wants so we can take advantage of its fame.

[maydna]

I don't think that if we boycott the facebook coin will stop them to continue the project because we know that Facebook has a big source that will help them to continue. I think we could let them finish the project and that will depend on people to choose to invest in their project or not because we cannot force people out there to stay away from the Facebook project.

Besides that, Facebook will do anything they can to make sure their project will continue with their plan, and they will use any strategy to do that. We cannot judge before they launch or release their coins at the market and let people decide later. I am sure people will know what they need to do related to the Facebook coin.