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Author Topic: Is Libra the future anyone wants?  (Read 1293 times)
cepot9
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July 16, 2019, 04:45:11 PM
 #81

this is still the initial stage and all projects are just like they look like it will be extraordinary and a threat to bitcoin but the reality is not necessarily appropriate, but if Mark builds his project excessively and violates what the cryptocurrency project should not do it should be snapped by the community
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July 16, 2019, 04:48:00 PM
 #82

The only thing LIBRA is gonna do is make FB richer and more powerful. Avoid it.

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July 16, 2019, 04:50:26 PM
 #83

If it does go of the ground how long will it manage to last.
Without hyper-inflation wealth loss is about 2% per annum.

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July 16, 2019, 04:56:01 PM
 #84

The only thing LIBRA is gonna do is make FB richer and more powerful. Avoid it.
You're right.  I think so too.  Because their main goal is to collect data than they are now.  To learn all our tastes in order to later manipulate.  I would not trust them.

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July 16, 2019, 05:42:35 PM
 #85

The only thing LIBRA is gonna do is make FB richer and more powerful. Avoid it.
I partially agree with you, but look at what happens to the entire market after the Banking Committee expressed concern about Facebook’s plans to launch a Libra. Market is crushed . I do not perceive Libra as just another cryptocurrency for exchange manipulations, for me it is an indicator of the readiness of states to coexist with cryptocurrencies. This is important for a whole cryptocurrency market.
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July 17, 2019, 05:50:22 PM
 #86

It's been interesting to watch the Congressional hearings over the past few days. If you're not following what's happening I would recommend checking out today's Blockchain Education Day in Washington. There will be a ton of great insights I think from people on the crypto side

https://cryptobriefing.com/crypto-leaders-washington-blockchain-education/
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July 17, 2019, 09:47:40 PM
 #87

Yes, it is the future. Because so many services you will be able to pay via this Libra coin. As Facebook one of the main social provider. Pretty sure that they will find the solution to that conflict of interests.

But at the risk of saking our privacy? I think Elixxir has a point
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July 22, 2019, 10:14:14 AM
 #88

Facebook is a very large company with billions of users. Maybe centralization of Libra is better for Facebook because its credibility will serve as a guarantee of trust.

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July 22, 2019, 11:02:56 AM
 #89

Theres nothing enough evidences that libra will be having a vital role in the future. there are more still time for libra to prove its worth
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July 23, 2019, 04:54:41 AM
 #90

Moving forward the future we want, libra is a step forward so I do yes it's the future we want. We need more tech on blockchain and we need big companies to come in. So far libra has shared the table and it is a welcome development
Libra coin even shook the United State government even more than the other cryptocurrency that has been in the market because everyone know  how well established Facebook is already in technology, and based on their achievement so far, their cryptocurrency technology will really get a very wide attention and many people will accept to use it even if it is somehow not representing the true feature of blockchain technology which is the anonymous part of it because I quite doubt if Facebook will ever create a decentralized coin, and this was the first point the government must have thought of that made them invite Facebook because they know that it will create so much awareness for cryptocurrency in the market.

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July 23, 2019, 05:53:01 AM
 #91

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?


https://elixxir.io/blog/is-libra-the-future-anyone-wants
The Libra project is very dangerous because a lot of confidential information about at least a third of the world's population will be concentrated on Facebook’s private structure. It is hardly worth admitting. Therefore, the fear of world states that have taken a sharp negative position against such a project is understandable. However, in this case, the state also worries about the preservation of prices for their ordinary currencies.

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HB Wallet
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July 23, 2019, 06:31:27 AM
 #92

Since Facebook has to deal with scandals surrounding personal data and such, I don't think there will be a lot of people put their trust in Libra completely right at first sight without being cautious of its privacy and security. Surely it will have its own community and believers, as some people may adopt this currency since it's conveniently linked with common payment systems like VISA, PAYPAL, MASTERCARD, EBAY, etc., and their business is linked with Facebook ecosystem. However, to the crypto community, it will take a long run to prove its worth or will never be accepted as it goes against the believe in decentralization.
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July 23, 2019, 06:50:20 AM
 #93

I think facebok coins are not decentralized or are called centralized coins or can be said they are more focused on finance and different from cryptoqurency which means decentralization or in the word investment. so the presence of Facebook coins does not mean that the future of blockhain will be threatened? that's not at all because I think the future of blockchain will continue to grow, so there's no need to worry about this.

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July 23, 2019, 09:58:09 AM
 #94

If it wasn't for the popularity of FB, I don't think Libra would have become so popular, I'm not interested in studying this project at all

Mikhail.YT
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July 23, 2019, 10:10:08 AM
 #95

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?


https://elixxir.io/blog/is-libra-the-future-anyone-wants

Libra is definitely not the future that can help us get blockchain to the next level. It does help in terms of word of mouth because of Mark and Facebook as a whole, but it doesn't provide the IT factor that will benefit the technology as a whole. I would rather go for startups that are aiming to introduce blockchain technology to different companies and are more decentralized than other projects that are in the space right now. I'm not counting Libra out but it needs to prove its worth to everyone.
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July 23, 2019, 10:39:51 AM
 #96

If it does go of the ground how long will it manage to last.
Without hyper-inflation wealth loss is about 2% per annum.


Well,,, Tether managed to last many years and it seems survived a few disasters and seems to be stronger than ever. I do not see why not the same for Libra, and it has even more power and more connections. It will be something for sure,,, but not the big brother coin people think it will become.

10 years = roughly 20%?

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July 23, 2019, 10:59:21 AM
 #97

Though Libra will harm the crypto's nature in some way but overall it will do better, By the Libra coin, real mass adoption will come into crypto. Yesterday I read an article in Forbes, that Facebook's Libra coin already ahead of ETH, LTC, XRP, not BTC! I think Libra coin will lead the crypto market after Bitcoin, but honestly, we don't want it.

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July 23, 2019, 11:56:56 AM
 #98

If it does go of the ground how long will it manage to last.
Without hyper-inflation wealth loss is about 2% per annum.


Well,,, Tether managed to last many years and it seems survived a few disasters and seems to be stronger than ever. I do not see why not the same for Libra, and it has even more power and more connections. It will be something for sure,,, but not the big brother coin people think it will become.

10 years = roughly 20%?

Tether last as long as the Dollar it is a stablecoin like Libra or other stablecoins, the only difference Libra price is not = 1 USD as based on several fiats and "other assets."
Tether is just another name for USD, selling USD to buy something equal to USD (minus fees).
Selling tether something equal to USD to get USD (minus fees), end-result almost money back just some small fees down and hope exchange does not close and run with money.

If you are happy with 20% wealth loss in a decade and retire "poor" thats your problem to deal with.

Libra is a money grab, nothing else, Google, Amazon....will follow in the money for nothing endeavor.

"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling."  Satoshi Nakamoto, April 2009          Avoiding taxes is totally legal if you consider and respect the law.
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July 23, 2019, 12:28:49 PM
 #99

Libra is centralized coin where most of the corporations came forward to launch a crypto currency for their transactions i feel libra is similar to ripple coin
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July 23, 2019, 12:32:46 PM
 #100

No, libra is not the real future but Bitcoin is always be the real future in the world.
Libra is too young and many people hate it to be the first choose in cryptocurrency.
I will take a safe play and still look what will happen next in Libra.

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