Facebook’s Libra

[miningmanila]

Even though it is held and validated by a bunch of large companies and it is essentially counter-intuitive to the spirit of an immutable and decentralised digital asset, I think that the project is one step towards mass adoption.

We cannot assume that global and local markets to adopt blockchain and crypto overnight. More often than not, it is a painstaking series of innovations and iterations that lead to common adoption (i.e. Andreas Antonopoulos' discussion on Infrastructure Inversion). Again, while it does not sound totally cohesive to the principles of decentralisation, I think it might be an important stepping stone to get us a step closer to adoption.

https://www.youtube.com/watch?v=5ca70mCCf2M

[Argoo]

No, it aint the future of all altcoin.

It is the future of a human being tracing system.
Sadly, it is a combination of all your information from social media (facebook) and your money like a bank. Pure centralization with a lot of KYC including all your photos and videos being seen by them.

It is not what we really wanted. It is far away from copying bitcoin or other decentralized altcoins out there.
Should just put it to garbage.

Also, given the threat of concentration of a large amount of confidential information on more than a third of the world's population, in fact in private hands, it is unlikely that the Libra project will ever be launched. After the USA and other G-7 countries spoke very harshly against the appearance of such a project, and then Visa refused to cooperate with it, Facebook doubted the successful launch of this project. Most likely, this project will be buried soon.

[Mahanton]

No, it aint the future of all altcoin.

It is the future of a human being tracing system.
Sadly, it is a combination of all your information from social media (facebook) and your money like a bank. Pure centralization with a lot of KYC including all your photos and videos being seen by them.

It is not what we really wanted. It is far away from copying bitcoin or other decentralized altcoins out there.
Should just put it to garbage.

Typically a full contrary on why decentralized cryptocurrency is being made where to avoid all of sorts of these things like kyc and other tracking related stuff.
This Libra is no different from a typical casual fiat system.They might integrate blockchain technology but this one isn't a crypto and now they are already facing up issues with government.Lets see if they would able to get out.

[omonuyak]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

I could remember that Facebook ban bitcoin and cryptocurrency ads in 2017 and that brought bitcoin market down in 2018. I strongly believe that that time the aim of banning crypto's ads was to kill the market and bring out their own coins but thing change and Bitcoin became stronger this year.

[Bountyhonter]

Libra is a stable coin which means it can't be the future of altcoin but the launch of libra will create a mass awareness about cryptocurrency causing the marketcap of top cryptocurrencies like bitcoin and ethereum to skyrocket.

[ryzaadit]

Looking profit at libra? with a stable coin, How they will grow up for the price.

Libra was not a good investment if you try to find a profitable investment, because the value of libra would be the same. I don't really interesting/hype about "Libra", Anyway Libra probably it's a centralized system. The good thing from them only give us free marketing for a cryptocurrency.

[Bitcoin Seller]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

There are too many different opinions about Libra, future FB stable coin. Some guys think that it can be a good way to save money from inflation, whereas others are afraid of being watched all the time. Facebook is known as the social network which cannot keep the information about their users in secret. With Libra, this information can spread all over the world.

[zacxavier]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

It is a centralized coin which takes away the true essence of the blockchain, it is to give the freedom to the people. It won't be able to overtake all of the altcoins for the mere fact it is centralized, but it could help cryptocurrency to adapt globally and get noticed.

[Spaffin]

Apparently, a lot of questions arise regarding Libra than answers.  First of all, in my opinion, Libra cannot be considered a cryptocurrency, because it will not be decentralized and independent, as other cryptocurrencies suggest.  In addition, it seems to me that this will be the next payment system with its own coins, which will use blockchain technology for its transactions.

[Bitcoin Smith]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

definitely Facebook is doing well and their perfect job because if this type of companies are entered into cryptocurrency field then there will be lots of support will be created for the pro currency it is good for the other cryptocurrency also.

[Oceat]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

I could remember that Facebook ban bitcoin and cryptocurrency ads in 2017 and that brought bitcoin market down in 2018. I strongly believe that that time the aim of banning crypto's ads was to kill the market and bring out their own coins but thing change and Bitcoin became stronger this year.

I don't think that's the reason why Bitcoin dropped during that time but it was due to the correction which is normal by the way when the market is from surging. Facebook banning crypto ads on their platform has nothing to do with the market down in 2018. Facebook Libra is just another stable coin that is used for payment only and it is not a threat to Bitcoin.

[bitcon]

I m do not really follow about the development of Libra Facebook, because there are so many growths and new projects are popping up now. if Libra is developing well, of course we all will be happy to hear it.

It is planned that Libra will be decentralized and can not be directly controlled by it either on Facebook or in investing companies. The initial course and methods of mining are also not yet known. Initially, users from the USA, Great Britain, and the European Union will be able to use it. In the future, it should spread to all countries where Facebook services are available. However, I am sure that Libra will be controlled.

[Cnut237]

I think one of the main purposes for this coin is data gathering on users purchasing activity. Facebook makes its money through selling user data, and using it for behavioural profiling so they can predict (and influence) future behaviour. It's a very lucrative market, and is the basis of FBs profits.

[KirunBarber]

this is very good news for all of us, where facebook has begun to believe in the world of crypto currencies. how not, a largest social media in the world will be more free to introduce crypto currency to people who are still many who do not know it. and hopefully this will impact the development of all coins ..

[peter0425]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

Mark Zuckerberg is a computer genius and also a businessman,in cryptocurrency more than half of on going projects are scams so how would you expect Mark to support them?so he created he’s own currency to make two hits in single shot.
Helping investors to put money safer under he’s company in which Facebook coin (Libra)at the sane time profiting from this.isnt it a perfect move to favor both parties investors and him?

[ðºÞæ]

what do you think about the  Facebook’s Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin

Mark Zuckerberg is a computer genius and also a businessman,in cryptocurrency more than half of on going projects are scams so how would you expect Mark to support them?so he created he’s own currency to make two hits in single shot.
Helping investors to put money safer under he’s company in which Facebook coin (Libra)at the sane time profiting from this.isnt it a perfect move to favor both parties investors and him?

Investors?
Are you the type of person going to the next shop and buy a gift card as investment?
Stablecoins are digital gift cards.

[sana54210]

I think one of the main purposes for this coin is data gathering on users purchasing activity. Facebook makes its money through selling user data, and using it for behavioural profiling so they can predict (and influence) future behaviour. It's a very lucrative market, and is the basis of FBs profits.

There is no data that Facebook needs that is not already within his reach, and even if they release their coin, the people that will still be in their cryptocurrency community are those within its 2 billion users, which they already have their data through the Facebook account that they have all opened.

I am just suspecting that one of the reason why they became keen about cryptocurrency suddenly is because of the accusation of government against them which resulted to the high charge that is being slammed against them, maybe they just want to create a decentralized system that will make their activities also open to the world rather than them getting slammed and accused of abusing their user’s privacy. We are the ones assuming they sell data because Mark denied it.

[gembira]

So many specilation about Libra... But this launch may not happens at all. At leadt at this moment they can't agree with financial regulators.

[callyf]

Hello all the facebook coin Libra is not much nice as people think of it in starting promotion was good because of the facebook own currency but not that much good I see libra is.

[suzanne5223]

Honestly, what I am waiting for now is 'whether the Libra team will continue the project while many parties reject LIBRA' ,can they continue the project smoothly without any obstacles

The Libra team will definitely have to pause the implementation of the project, solve the issue with those things that seem to be obstacles because the governments believe the project will affect national currencies since the team said they want the coin to be global currency and it was said to be pegged to some national currency.