Should we boycott the Facebook Coin (Project Libra)?

[whtchocla7e]

The launch of Libra may make people around the world know about blockchain technology. However, I did not realize that Libra did not need to boycott. This project seems to use on its platform and the value doesn't change much. But it will make the blockchain community grow strongly, impacting the crypto market strongly.

[letyouearn]

Facebook Libra will help us all by popularising cryptocurrency all over the world, why should we trying to stop this process? This coin will help crypto society to grow fast.

[cichaescut]

I do not like the idea of Libra as well, because we already have a coin that is centralised and is used for payments and it is Ripple. I hate this coin and do not believe that another Ripple will be welcomed by crypto community.

[ivaf]

I do not think that the crypto community will be able to have any impact on Facebook plans (unfortunately). The Facebook community is much larger (more than a billion people already) 

[MCDev]

why boycott the facebook project?, I don't see bad in their project, what if Libra is usable for us in the future and I'm sure many exchanges will like to listed Libra.

Certainly all exchange in this market will list Libra. But I don't think Libra will be born because I heard some rumors that Libra has stopped and it may never appear.

[Andrews193]

No need to boycott, we see that in the future about Facebook projects in the Crypto world, I think the Facebook project in the Crypto world is not a threat to other altcoins.

Agree, we should not have a distinction and boycott because Facebook coin is also an opening project for crypto's closeness to people all over the world, it is creating an opportunity to help the crypto community become more interesting, why do we need to boycott when it is helping us? Besides, even if it is creating too much pressure or even threatening many other altcoin, this is also a good thing when altcoin has a long, peaceful series of days, altcoin needs a stimulus and struggles to develop, supporting facebook coin is probably more reasonable

[#Darren]

I would not use Libra coin for several reasons, but boycotting this coin would not bring any benefits. A lot of people would use Libra, especially such people that are not familiar with crypto currencies at all and there is no way of avoiding this.

[cassavachips]

If the Libra project is successful so that it benefits many people and can be a good example for new projects that always fail this will be great but if Libra sacrifices the privacy of this user we should protest but without boycotting because it is too excessive for now

[whtchocla7e]

I don't think it should boycott it. Libra is created for its own platform to use.
However, with the extremely large community, Libra will make many people aware of the coin market, which will increase market capitalization to a high level.
They will definitely launch products that attract users, please wait. Now we cannot conclude anything.

[leftgirly]

Libra already has a large support as Facebook can easily lure the large community of users on the platform to make use of this new cryptocurrency. Users on  Facebook would be the primary target as users of Libra, I presume.

[seoincorporation]

Do you really think we could boycott Libra? you must understand it's our of our hands, since it's not an opensource project and a centralized coin then to boycott them is not even an option...

But as good news for you, they will boycott themselves, i read some news about people start scamming other people in the same platform to sell them fake Libras, lol.

[De4ted]

In my own opinion this will still have a good impact for bitcoin dont just look on the dark side by this thing bitcoin will also get new potential investors as king of cryptocurrency bitcoin wont lose what it built a long time a go in just a snap.

[jamesndungu1]

Facebook is a bigwig and considering that majority of the world’s population uses its social networks where they plan to launch their project, Libra could potentially be a hit. The fact that Facebook already has funds to pay developers gives it a competitive advantage. We should however wait and see what technology and operational strategies they are going to incorporate and see whether we can transform it to give the power back to the people in a decentralized way.

[slaman29]

Thanks to your efforts in trying to promote the boycott of something that doesn't even exist yet, I guess now more people know about Libra than before.

You can hate a product all you want and just stop using it. Like BCH. The more we talk about it the more people know about, but that's fine, awareness is important when people can confuse Bitcoin with BCH.

But Libra?

[Galley]

Let's wait for the coin to launch, see what they can offer us, and what will come of it all. And then we will decide to boycott or vice versa to support them. And so it is like sharing the skin of an unkilled bear.

[2Kool4Skewl]

Let's wait for the coin to launch, see what they can offer us, and what will come of it all. And then we will decide to boycott or vice versa to support them. And so it is like sharing the skin of an unkilled bear.

Facebook will offer us a coin with great liquidity. But there are no speculative instruments associated with this coin, the price will be stable.

[jagaban]

Has project libra been approved? If no, then why do we need bother ourselves with it? I personally feel excited to see libra become a reality as it will really cast a positive air about the cryptocurrency community which can only lead to bigger things. Who knows which bigger company would love to step in next after Facebook? Apple? Amazon? Google? Imagine how the price of bitcoin will be if that eventually happens?

[Teawhalee]

I don’t think there isn’t no red to do  that ! Making rules and regulation is what crypto needs , and it seems Libra Is lined to suit any rule and Others will need to adjust and endure ! I believe bitcoin Is still king ! 

[mickey_miner]

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.

Boycotts will not help, because if the goals of the state coincide with the goals of Facebook, the state will help to do what is intended.

[tabas]

I don’t think there isn’t no red to do  that ! Making rules and regulation is what crypto needs , and it seems Libra Is lined to suit any rule and Others will need to adjust and endure ! I believe bitcoin Is still king ! 

Bitcoin as is.
But crypto isn't made for that. Rules and regulations are noted and it should be implemented but this should be done for the exchanges and any other crypto businesses but not for each individuals that are longing to use it. Libra is changing what crypto used to be and we don't have any idea if this will be pursued since it's already questioned on the court.