LIBRA - Strategy for world domination

[prof7bit]

how good is the libra coin coming soon?
I think it's not too good. how can you make predictions that the Libra can control and dominate the world?
I am not too sure about that.

While I do not understand how this coin can make a breakthrough in the cryptocurrency market. I think that these are empty words and the project will not be very successful.

[sandra_x]

Three things are essential to control a society, first is finance, second is the military, third is the Media. Facebook already control the media, adding finance to it will really give them so much to control and the abuse of power will certainly set in.

[monalia]

I will never accept this libro finassa cryptocurrency exactly to say this will not create any revolution in price for adoption or any kind of things.
if you want to do investment as a trader and make a profit of profit then you can close your eyes and buy this Libra coin at the time of token has selling.

[Shenzou]

In my opinion people are really giving this coin attention more than it needs, sure all the OP said is true and that Facebook has a large user base but think why the average person would use it, sure many people might give it a try once or twice since it is there but a predict that the majority will fell like it is not something for them and the popularity of it will go down, either way the coin that will facebook make will be a changing point and it will make and break what will the future of crypto, because if it is successful other companies will do the same

[ridha inoue]

why people think like that, i see many conspiration of LIBRA and many people hate it right now.
we have to get safe and becaful about LIBRA because it is just born officialy with Website and Whitepaper.
keep your eyes and keep to be safe.

[kanmo]

LIBRA will surely be a big thing that will happen to cryptocurrency world but I will rather see Libra as a step to wider adoption of cryptocurrency rather than total domination. Facebook has approximately 2.4 billion users and with the lauch of its own coin I believe this will bring more people into crypto world.

[trade2winnn]

Now a lot of PR and hype around this project,they say that it will be like a whole financial system,payments and purchases for this currency,plus the infrastructure it will be large,and someone on the contrary says that the project has no global future,it is difficult to say something,well, I think what a niche they will still occupy in the world of cryptocurrencies and blockchain

[baigreen]

This coin has a huge market. But it all depends on the interests. Let's say the model Facebok may become obsolete. In a couple of years. Come up with a new type of social networks. And what will happen to their cryptocurrency? I think this is a temporary trend.

[installer]

I cannot understand people saying that Libra coin will bring so much into the blockchain industry. This is not a crypto currency and not a decentralised asset, they said that it is another payment structure that is based on blockchain but nothing more.

[FanEagle]

I doubt just because facebook will have Libra it will turn into world domination. This is not some movie where people are fighting to have world domination by evil guy but heroes come in and save the day.

When a rich person does something they do it for only one reason and one reason only and that is to make even more money than they have, nothing else. They want the power and they want to have the ability to be truly free, as in literally kill someone if they have to and get away with it (don't assume its weird, third world country dictators do it all the time).

So, facebook and mark will have libra and more power over more people thanks to it but they don't want world domination, they don't want to control the world, they only want to be not controlled by the world that's all.

[inge]

It is very difficult to predict something in the world of cryptocurrency, especially for new coins that have just started to be more or less popular and have very big plans for the future. Very often such projects just disappear in a year.

[glennmatthew]

It looks like some more people share my view. Here is an interesting quick read.

https://cointelegraph.com/news/facebooks-libra-will-benefit-bitcoin-but-destroy-banks-says-industry

There is also a video of this interview available on bloomberg.

[moonblocks]

Facebook's Libra project is designed for payments purposes and will likely be adopted by a broad range of users in different regions globally, but it is unlikely to achieve world domination as it may only help facilitate smaller transactions initially

[VanDeinsberg12]

how good is the libra coin coming soon?
I think it's not too good. how can you make predictions that the Libra can control and dominate the world?
I am not too sure about that.

this is just a prediction but remember people is very familiar with the big companies wanna do domination and that's why he was creating a pre-assumption about what will be the main target for libra coin.
We can't create a good prediction until the whitepaper of libra will be rolling out in the future

[hung58bitcoin]

I think so. Because Facebook currently has about 2 billion users. If the Libra becomes a reality, it will threaten the world banking system. And now the US Congress is afraid of Facebook manipulating the global currency. So they pressured to delay the launch of the Libra. But I think with the trend of not using cash to pay for goods, eventually the Libra is still released. Then the BTC price will increase tremendously !!

[setialovers]

I think so. Because Facebook currently has about 2 billion users. If the Libra becomes a reality, it will threaten the world banking system. And now the US Congress is afraid of Facebook manipulating the global currency. So they pressured to delay the launch of the Libra. But I think with the trend of not using cash to pay for goods, eventually the Libra is still released. Then the BTC price will increase tremendously !!

I think Libra coin launched by Facebook is part of the business strategy. With many Facebook members, the chances of Libra coins used by Facebook users will be even greater and investors' perceptions of Facebook will be even better

[miningguru]

I think so. Because Facebook currently has about 2 billion users. If the Libra becomes a reality, it will threaten the world banking system. And now the US Congress is afraid of Facebook manipulating the global currency. So they pressured to delay the launch of the Libra. But I think with the trend of not using cash to pay for goods, eventually, the Libra is still released. Then the BTC price will increase tremendously !!

I think Libra coin launched by Facebook is part of the business strategy. With many Facebook members, the chances of Libra coins used by Facebook users will be even greater and investors' perceptions of Facebook will be even better

Let's hope the best because still, a lot of information to be released in the coming and we should get into conclusion but really it will explode the market and this is one indication in future many potential will take chances to launch beneficial coins to people and to the companies instead of scams we are seeing now.

[sempak]

I think so. Because Facebook currently has about 2 billion users. If the Libra becomes a reality, it will threaten the world banking system. And now the US Congress is afraid of Facebook manipulating the global currency. So they pressured to delay the launch of the Libra. But I think with the trend of not using cash to pay for goods, eventually the Libra is still released. Then the BTC price will increase tremendously !!

I think Libra coin launched by Facebook is part of the business strategy. With many Facebook members, the chances of Libra coins used by Facebook users will be even greater and investors' perceptions of Facebook will be even better

Users will later be able to facilitate money transfer without having to open a banking application that is currently still being done. they can send messages as usual and also send money. This is not only Facebook that takes part in funding but many business giants also support it

[ck343]

Is Libra the first step for Facebook to take control of the world?

Lets think about the facts:
- Facebook has 1/3 of the world as its user base (2.4 billion users)
- Libra coin will be very easily accessible to all of facebooks users
- Libra coin will be a stable coin, price will not fluctuate providing users in 3rd world countries with a medium to store their wealth.


There are already countries (like venezuela) where a national financial crisis caused fiat money to lose all worth. In desperation people are moving their life savings to bitcoin... Considering that bitcoin is a hard resource for the average person to use, imagine how quick adoption of Libra will be. Libra will be available to use on every cheap smartphone. Developed by Facebook it is sure to be a very user friendly experience, everyone will be able to use Libra. People will use it like real money in every possible way through things like facebook messenger, online shops, international transfers, peer to peer transfers...

Facebook has penetrated our lives in almost all possible ways; relationships, news, entertainment, social gatherings, advertising... the list goes on. The only thing facebook still doesn't have control over is our money. Here comes Libra...  

The snowball is rolling, it can not be stopped.
Imagine the world in 20, maybe 50 years.
With the addition of Libra, and a very smart plan for user adoption Facebook can rise to a position of such great power, that it will be in control of the whole world.

Good thread opening

"- Libra coin will be a stable coin, price will not fluctuate providing users in 3rd world countries with a medium to store their wealth."
Libra's value will be stable just as long as the currencies' value backing it up will be stable.

Don't underestimate the monetary disruptive power of the Central Banks! 

[Anatolich]

To run it, you need thousands of permissions, I do not think that even such a company will do it easily and quickly. In addition, I bypass her at all, it is not confidential, it is not safe, and I agree that such things are being done to capture most of the people under their control. Mark Zuckerberg with his support for gays, and most of his ideas are simply one of those who are at the helm and killing society.