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Author Topic: Facebook Warns Investors That Libra Stablecoin May Never Launch  (Read 192 times)
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July 30, 2019, 07:55:39 PM
 #1

Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch
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July 30, 2019, 10:09:24 PM
 #2

I'm interested to know on what's the coin where Libra's whitepaper has been copied. They are struggling because the government is stopping them and already invited them to the senate.
I don't like Libra as much as possible but this could just another stunt to get the mass' attention.


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July 30, 2019, 10:38:42 PM
Last edit: July 30, 2019, 10:53:48 PM by BitcoinFX
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 #3

I'm interested to know on what's the coin where Libra's whitepaper has been copied. They are struggling because the government is stopping them and already invited them to the senate.
I don't like Libra as much as possible but this could just another stunt to get the mass' attention.

It doesn't exist, theoretical whitepaper by MIT ...

... "Alexander Lipton, a connection science fellow at the Massachusetts Institute of Technology and adjunct professor of mathematics at New York University, has claimed that Libra’s white paper copied concepts for a coin proposed in his academic work." ...

...

Told you so ...

...snip...

Correct. Bitcoin is not mentioned in the Libra Whitepaper ...

- https://libra.org/en-US/wp-content/uploads/sites/23/2019/06/LibraWhitePaper_en_US.pdf

However, it is mentioned in the Libra Blockchain paper ...

- https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

Pages. 4, 6, 10 and 14 as well as in the References ...

[23]
“Leaf-node weakness in Bitcoin merkle tree design,”
https://bitslog.com/2018/06/09/leaf-node-weakness-in-bitcoin-merkle-tree-design/ .
[24]
S. Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System,”
https://bitcoin.org/bitcoin.pdf, 2008.

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August 03, 2019, 01:22:08 PM
 #4

Those are just another news to create more hype around Libra. Libra will be launched and I am sure that it will happen during the next months, because the market is just perfect for such a massive coin. It is just too big to fail.

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August 03, 2019, 04:03:29 PM
 #5

Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch

It died just like that, I'm surprised that Facebook easily give up on this, we never know if they are still planning to launch in the future because they have an initial study or planning about their coin, they will just take it up again, we must remember a different administration of US government can bring different results.



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August 03, 2019, 06:26:07 PM
 #6

I don't understand the significance of Libra, when we already have dozens of different digital versions of the US Dollar. Libra will be another addition to this long list, which comprises of Paypal and Visa. It won't be having an exchange rate of its own, and it won't be a decentralized currency like the Bitcoin. Libra is cryptocurrency only in name. It is more of a fiat currency in crypto clothing.

You have to consider the fact that facebook are facing a lot of problems in US and Europe, people and governments are not happy with how facebook control and use our data, so it's a predictable movement to stop Libra and analyze the impacts of this coin

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August 03, 2019, 06:33:59 PM
 #7

Personally i do not like this approach from facebooks administration as it sounds like loosing strategy, they are coming up with a decentralized, blockchain based coin i think they should be bold and clear about everything and they should confidently tell public that they will release it according to plan and no pressure will be taken and those issues will be resolved by their legal and compliance team. They should sound professional and this statement of theirs does not sound good to me.

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August 06, 2019, 08:41:42 AM
 #8

LIBRA is likely to become one of the best stablecoins. this is due to the support of huge institutional investors. I think these large corporations will not let Facebook fail.

Good and Bad Stablecoins? ?

JPMorgan coin, Good or Bad?
Walmart Good or Bad?
Libra, Good or Bad (Oh its already good)
Amazon Good or Bad?
....


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August 06, 2019, 09:58:58 AM
 #9

Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch

I can understand the kind of pressure that the Libra project has just undergone when it entered the nest of the realtors and those regulators were not pleased with the prospect of influence that Libra can have on the global economic order. Right or wrong, they painted a negative picture as far as Libra is concerned and it is not helping in anyway that it is lead by Facebook. There is then a big possibility that the project can be temporarily shelved so as not to anger people especially those who are holding powers.

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August 06, 2019, 04:04:11 PM
 #10

I think it's just the news that FUD, a leading global company like Facebook, prepares a big project like Libra, there is no reason why they can cancel their project. We can see the media's interest for them is great, and the crypto world is very welcome to Libra.

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August 06, 2019, 05:46:25 PM
 #11

They are just creating awareness about the coin I believe that Libra coin is gonna launch , irrespective of the FUD,  it seems that they know the potential of Libra coin that's why there are lots of FUD news about it

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August 09, 2019, 10:29:48 AM
 #12

Those are just another news to create more hype around Libra. Libra will be launched and I am sure that it will happen during the next months, because the market is just perfect for such a massive coin. It is just too big to fail.
I don't think you're following the news.Many regulators don't really want Libra to appear.We can think for a long time,predict and hope for a miracle,but if the regulators are really against Libra then no miracle will help Facebook.

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August 09, 2019, 06:59:53 PM
Last edit: August 09, 2019, 07:22:39 PM by ðºÞæ
 #13

They are just creating awareness about the coin I believe that Libra coin is gonna launch , irrespective of the FUD,  it seems that they know the potential of Libra coin that's why there are lots of FUD news about it

Libra is a proposed stablecoin   (pegged to USD+Euro+other fiat+and digital assests)
A stablecoin is nothing else as a digital gift card
potential of a (digital) gift card?
Shops have been using gift cards for ages.

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August 09, 2019, 07:17:20 PM
 #14

Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch

This looks like a big fud. Too much of expectations on Libra. Not sure whether this would be really successful. We have to wait and see.

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August 09, 2019, 07:21:54 PM
 #15

Those are just another news to create more hype around Libra. Libra will be launched and I am sure that it will happen during the next months, because the market is just perfect for such a massive coin. It is just too big to fail.
I don't think you're following the news.Many regulators don't really want Libra to appear.We can think for a long time,predict and hope for a miracle,but if the regulators are really against Libra then no miracle will help Facebook.
Depends but for sure Libra team is trying to push it up and trying to make it through the market but its still debatable yet government do see its potential risk.
They don't like for FB to become somewhat dominant but lets see on upcoming months if this one will able to succeed or would just stay up on paper.

 
  

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August 11, 2019, 11:04:50 AM
 #16

All these are just for the public awareness so that people can know what they are doing. Same as Walmart trying to create their coin too. I believe these two giants coming in would help crypto get more adoption than before
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August 11, 2019, 11:21:04 AM
 #17

Those are just another news to create more hype around Libra. Libra will be launched and I am sure that it will happen during the next months, because the market is just perfect for such a massive coin. It is just too big to fail.
I don't think you're following the news.Many regulators don't really want Libra to appear.We can think for a long time,predict and hope for a miracle,but if the regulators are really against Libra then no miracle will help Facebook.

What @#Darren said is something other projects usually do and that makes sense.

And according to @salty, it's also true that many regulators don't want Libra to be present in crypto. Because it can threaten them. It is also possible that the launch of the Libra launch was a number of factors that caused this.

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August 11, 2019, 11:26:35 AM
 #18

Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch
Yes, even though this coin has a delay in the release of the coin, I believe this coin will be able to become something great. because I believe this delay is done for the good of libra and investors.

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August 11, 2019, 11:39:33 AM
 #19

If the founders of Libra had been less known, it would have been a different case but allowing Libra to launch is basically like the world government giving a green light to all Cryptocurrencies and they are not willing to do that yet, I expected this amount of scrutiny though.


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August 11, 2019, 11:40:00 AM
 #20

Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch
Yes, even though this coin has a delay in the release of the coin, I believe this coin will be able to become something great. because I believe this delay is done for the good of libra and investors.

You should go the the next store and get a gift card, its truly a great investment.
Stablecoins are digital gift cards.

The world is in a serious  mess, actually scary.

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