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Author Topic: Should we boycott the Facebook Coin (Project Libra)?  (Read 2376 times)
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September 12, 2019, 06:54:36 PM
 #101

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?

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September 12, 2019, 07:16:13 PM
 #102

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 ! 

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September 12, 2019, 09:24:49 PM
 #103

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.

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September 12, 2019, 09:34:48 PM
 #104

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.



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September 13, 2019, 05:39:48 PM
 #105

Actually if you don't like the Libra project, you are enough not to buy or invest with it, because the Libra project will come to color the Crypto world, they are ready to compete with other Crypto projects. I personally not want to invest in this project, but we must accept this fact gracefully.
Please let them know, I don’t know why some people will develop some opinion and just assume it is the right one, and then the next you see them do is trying to impose It on the rest as if the others are not entitled to their opinion. The fact that A hates Libra project because of what he believes in the earth doesn’t not mean that B hates it.

There is no technology that is built on blockchain that would not have its own benefit. Prior to when bitcoin became popular, so many people had condemned it and think it would never survive, and even till now, we have so many personnel that is still castigating, but it has been of help to people a lot, if everyone had listened to those bad ones, would people have been joyous about their financial freedom today.




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September 13, 2019, 06:08:16 PM
 #106

Actually if you don't like the Libra project, you are enough not to buy or invest with it, because the Libra project will come to color the Crypto world, they are ready to compete with other Crypto projects. I personally not want to invest in this project, but we must accept this fact gracefully.
Please let them know, I don’t know why some people will develop some opinion and just assume it is the right one, and then the next you see them do is trying to impose It on the rest as if the others are not entitled to their opinion. The fact that A hates Libra project because of what he believes in the earth doesn’t not mean that B hates it.

There is no technology that is built on blockchain that would not have its own benefit. Prior to when bitcoin became popular, so many people had condemned it and think it would never survive, and even till now, we have so many personnel that is still castigating, but it has been of help to people a lot, if everyone had listened to those bad ones, would people have been joyous about their financial freedom today.

There will always be people looking at the negative side of things and facebook's Libra does have a lot of bad sides which is why things will really be odd when Libra is approved. But you don't have to do it yourself from now on, France and I guess all the countries who will support them will also not support Libra. As for me, whatever comes in crypto will all come when time comes.
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September 13, 2019, 06:10:44 PM
 #107

How many people now own cryptocurrencies? 10 millions? Now imagine how many possible users could have Libra? We can´t fight with them, we can only hoping for good decisions by regulators.
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September 13, 2019, 07:24:26 PM
 #108

Actually if you don't like the Libra project, you are enough not to buy or invest with it, because the Libra project will come to color the Crypto world, they are ready to compete with other Crypto projects. I personally not want to invest in this project, but we must accept this fact gracefully.

For sure, nothing will be changed if we buy Libra or not. Many people are already interested in getting this cryptocurrency, and they even do not care about their privacy - simply libra for them is the best chance to run away from inflation.

I guess, no one will ban Libra as FB team is very powerful, and the richest companies have already supported Facebook and its great project.
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September 14, 2019, 04:57:48 PM
 #109

I don’t think we can affect it much, though I feel uneasy about this. But what if they turn out to be not that vicious? You never can tell.

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September 14, 2019, 07:57:27 PM
 #110

In my opinion Libra will fail. Most of the governments boycotted Libra already France for instance. A big centralized bank consists of companies like Facebook is the opposite of what governments want. And beyond that we don't need Libra it's useless, there are a lot of better coins with the same use case. Facebook just wants to have more control of people and they use the Crypto Space for their purposes. Under a smokescreen of a "decentralized" coin they will do the same what they always have done steal and sell data. Furthermore, Facebook is not well known for being reasonable with our data and when they have the force to see what we buy and when we buy do you think they will not use it ?. I will boycott Libra because Libra has nothing to do with the vision of Satoshi and Blockchain.
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September 14, 2019, 08:47:54 PM
 #111

At first, I was excited about Libra that through this blockchain, a lot of new people will enter in the crypto space. But later I realized Libra is not crypto nor it is helpful for us. I have no plan to buy the Libra coin and I convinced my friends not to involve in Libra. Libra can harm the Decentralization nature of crypto, so, yes, we may boycott this.

 
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September 17, 2019, 10:55:20 PM
Last edit: September 18, 2019, 01:23:06 AM by mr_random
 #112

I prefer to wait for the official news and after the launch of the Libra, everything will become transparent for the crypto investors. As far as I know, the small investors will not be able to invest with the discount but making speculative assumptions is not right at the moment. I additionally like the new social media coins but Libra team don't want to see the coin fluctuates with the market value. If they will intervene in the cryptocurrency price, it will not be different than other stable coins in my prediction due to the going against the nature of volatile crypto markets.

 
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September 18, 2019, 04:20:35 AM
 #113

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.

In my opinion, since Libra will still be a cryptocurrency, any lobbying laws that will contribute to its promotion will also contribute to the development of a common cryptocurrency. Moreover, Libra will in any case have to interact with other types of cryptocurrencies.
I don’t think we should do anything about this Facebook coin. Now the G-7 countries have sharply opposed its use, even if they decide its fate. I have a very big doubt that Libra will ever be released at all.

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September 18, 2019, 04:38:36 AM
 #114

I prefer to wait for the official news and after the launch of the Libra, everything will become transparent for the crypto investors. As far as I know, the small investors will not be able to invest with the discount but making speculative assumptions is not right at the moment. I additionally like the new social media coins but Libra team don't want to see the coin fluctuates with the market value. If they will intervene in the cryptocurrency price, it will not be different than other stable coins in my prediction due to the going against the nature of volatile crypto markets.
It's much better to wait and see how things will work for this project before concluding with what directions it will take inside the market after being introduced inside the market, the more you assume the more possibilities that you'll made mistakes, best  to wait and see what this project will have to offer and added to this industry, it will be judge with how things will work with this coin.

 
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September 18, 2019, 05:35:34 AM
 #115

I prefer to wait for the official news and after the launch of the Libra, everything will become transparent for the crypto investors. As far as I know, the small investors will not be able to invest with the discount but making speculative assumptions is not right at the moment. I additionally like the new social media coins but Libra team don't want to see the coin fluctuates with the market value. If they will intervene in the cryptocurrency price, it will not be different than other stable coins in my prediction due to the going against the nature of volatile crypto markets.
i agree with you.
we cannot judge them quickly, we can make mistakes when making opinions. as you said, we better just wait for the official news. after that we can judge and can determine the next step. i think that's wiser.

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September 18, 2019, 05:58:44 AM
 #116

I don't think that libra needs to be boycotted, even I am quite supportive of that development. Well, this is the world of technology, and there will always be the latest. if bitcoin does have benefits, and needs are better than libra, I think bitcoin will last. besides libra is crypto type of centralization, while bitcoin is decentralized. bitcoin has already defeated many crypto like that, so when libra becomes popular, I think bitcoin will be above it. although currently there are several countries that challenge the development of libra, I chose to see the development of libra in the future.

even when we tried to boycott libra, I also heard that China was making its own cryptocurrency. Well, I'm so sure there will always be developments like this.


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September 18, 2019, 06:12:37 AM
 #117

I don't know if boycott means not using or patronising Libra, but I'm sure that I'm not going to be part of this hype or the company itself in terms of privacy. There's a lot of ongoing thread about Libra and I've seen that the consensus of the community is against this token or whatever you gonna call them. But to be fair, let them roll out and see how it goes for them.

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September 18, 2019, 06:16:23 AM
 #118

Facebook or at least the people behind Project Libra knows that many crypto enthusiast are against them. So they already hire a lobbyist to do the dirty laundry:

https://www.bloomberg.com/news/articles/2019-09-05/facebook-hires-two-more-lobbyists-to-boost-libra-cryptocurrency

So the question is, as crypto enthusiast are we suppose to support any coins that go against the vision of crypto or at least bitcoin's decentralisation? I guess it really depends on the individual itself. If you can make money out of this project, will you go? I"m not saying that I'm 100% on the boat with this one, but when money speaks, everything changes.

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September 18, 2019, 06:53:59 AM
 #119

   Crypto-community favors Twitter much more then Facebook, cause of that crypto-community will boycott Facebook coin. Not only for that, it`s a little joke, crypto-community
will boycott Libra cause of that project itself, as they aim to become central bank, and we don`t like banks.
   I don`t plan to take apart in Libra project. I deleted my Facebook account year ago and I will not make a new one.

 
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September 22, 2019, 11:34:35 PM
 #120

in my opinion we don't need to boycott Facebook (LIBRA) because Facebook will have the advantage of other coins ... even though it will be the biggest competitor of Bitcoin in the future but between Bitcoin and Libra have advantages and disadvantages of each ... so let's watch together in the future ... what will happen.

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