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Author Topic: Are you worried that France and Germany agree to block Facebook's Libra?  (Read 543 times)
phillymogul (OP)
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September 14, 2019, 01:33:02 PM
 #1


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jazmuzika217
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September 14, 2019, 02:18:32 PM
 #2

Yes I am worried about this issue. Because like what China done to ban crypto, now France and German will block facebook's libra. And eventually all the crypto will follow to be block to those country and I think like China they will launch their own crypto. And worst thing there is possibility that many country will follow those action. It will have a bad impact to the coin holder and investors and can cause loss.
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September 14, 2019, 02:25:01 PM
 #3

I am not worried at all.  I think France and Germany needs a little more time to understand what Libra is and its intent, affect to the country's market economy is.  Once they understand it clearly they will eventualy lift this ban in due time.  If not then I do not see any affect of this action to BTC since they are two different cryptocurrency.

Yes I am worried about this issue. Because like what China done to ban crypto, now France and German will block facebook's libra. And eventually all the crypto will follow to be block to those country and I think like China they will launch their own crypto. And worst thing there is possibility that many country will follow those action. It will have a bad impact to the coin holder and investors and can cause loss.

If they wanted to ban BTC,  they have done it years ago and not after banning Facebook's Libra.

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September 14, 2019, 03:03:15 PM
 #4

nope , not at all . i dont know why , but somehow, i have lost interest with Libra recently.
since libra just using crypto as a mask(maybe we can say like that.) but does not provide anything meaningful for crypto currency.

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September 14, 2019, 03:51:43 PM
 #5

no, I'm not worried.

even I support it. Libra is not a good project, they are hype because of Facebook. a true crypto lover will definitely reject it, because libra is centralized

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September 14, 2019, 04:00:00 PM
 #6

Yes, I am very worried that in the future all countries will block the circulation of crypto. because many developed countries have blocked the existence of crypto, the reason they only fear if the central bank is displaced by crypto. they should think more about the future than just thinking about profits. because I think this cryoto will be the best step in handling finances in the future which of course requires a higher level of security and the services required to be extra fast.

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September 14, 2019, 04:11:28 PM
 #7

nope, why we should worried buddy,, because its about libra not all cryptocurrency especially bitcoin
and in my opinion if any country want to block bitcoin, they should shut down the internet  Wink

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September 14, 2019, 04:16:34 PM
 #8

Why would I? China threatened to do the same with bitcoin back in the past and that didn't even affect bitcoin. US and some other countries ban ICOs in their country and it doesn't affect a lot of the project. France and Germany blocking Libra isn't going to make me at all worried.
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September 14, 2019, 04:25:33 PM
 #9

Im not even feeling worried about that dude. Libra still has a lot of options just like canadian country like swiss already declared it can fully support libra and create such regulation for libra and legalize it as legal crypto.
We still have canadian country to be another option. They will be accepting it after the canadian country has proven if that was a safe decision. These countries are always adopting the new tech at the end of the story. US first and UE countries next. But we can expect libra will have released by facebook company under swiss regulation and FINMA

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September 14, 2019, 04:27:45 PM
 #10

no problem, even if libra is blocked in Europe. they can still get investors. because many are waiting for this project to launch. so even though they are blocked in several countries, they can still raise funds.

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September 14, 2019, 04:32:59 PM
 #11

Why would I worry for something that is not yet there, we still don't know what impact Libra coin can create to all of us, this is my opinion, we are all divided on our opinion on Libra coin, but Libra coin is something I expect, Facebook will eventually create their own coin, it was echoed in the past and it's now happening.

France and Germany have a huge impact, but Facebook has all the resources to make things happen, and like what I've always said they know how to lobby.

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September 14, 2019, 04:59:18 PM
 #12

I'm not really worried about this, because they only reject libra, and libra is a stable coin made by Facebook. anyway, I think other countries will accept libra for now. when the development is good, I think german, and France will provide an opportunity for libra.

I support the development of libra, but I do not prioritize it, even though Libra is still in the development stage. besides, libra is different from bitcoin. I think that Germany and France are not concerned about bitcoin, it's just that they are most likely worried that Libra will create instability in the economic system later.

if the development is indeed going to be very good for a country, I think it will be like China returning to accept bitcoin.
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September 14, 2019, 05:17:14 PM
Last edit: September 15, 2019, 02:47:01 AM by Danslip
 #13

There is nothing to worry about it, that is why Libra is not here yet and that means why France and Germany have to block Facebook's Libra. It sounds unbelievable for me, there is no Libra and we don't know how Libra affect cryptocurrency. More than that l don't think, this decision will affect Libra bad, maybe a little. Because there are a lot of investors, who are waiting for Libra impatiently.

The Libra coin is not going to give satisfactory returns if Facebook decides to trade the Libra on their personal crypto exchange. Just a guess. It will be very interesting to watch the government and Libra team debates on the TV. Even the worst decision will be a good for speeding up the mass adoption allowance.

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September 14, 2019, 05:50:52 PM
 #14

Me nope, I'm not worried that France and Germany block Libra. It is not launch yet and you know Libra is a stable coin so we can not make money of it. It is not volatile like bitcoin.

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September 14, 2019, 06:00:37 PM
Last edit: September 15, 2019, 06:28:52 PM by ðºÞæ
 #15


So a private company (Facebook) which been found guilty of data mishandling is confirming, validating and can see every transaction of another private company (lets say Jeff's Locksmith) or a private person (judge, solicitor, clerk, cashier, officer....... )  , but (Jeff's Locksmith) can not see anything the other private company (Facebook) is doing.

It the same as playing poker, one holding the cards facing him, the other player must have its cards face up, that's a rigged game.
How can the one showing his cards win

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September 14, 2019, 06:01:09 PM
 #16

I am not worried at all. Libra is not a good project to get support all crypto friendly countries. Infact this is a good decision. Also they are not blocking any other crypto coins or projects.
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September 14, 2019, 07:00:04 PM
 #17

I'm worried as it turns out to be a big signal that most countries are fighting against cryptocurrency adoption if there's a neutral ground it could've been better.
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September 14, 2019, 07:06:47 PM
 #18

As originating from USA most countries will definitely have reservations about libra as a world stable coin so it is the right of every country to launch their own coin and i think this will massively boost crypto market just let all these countries enter the coin war all fiat is sooner or later is coming to crypto and eventually we are going to see massive price growth in coming years so we should be positive about all these issues.

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September 14, 2019, 07:11:27 PM
 #19

Well will make a lock of the libra and this will only give more popularity coin, since many will buy it under a proxy and VPN.
I doubt that this will affect the popularity of the coin, for example, bitcoin is prohibited in many countries, but it is still used and the price is only growing.
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September 14, 2019, 07:38:38 PM
 #20

I agree with the reasons to worry, If the power house of Europe economy turns a blind eye to libra they could be in for a big denial. The timing is wrong for the coin in Europe as a whole, they worried about so many things and crypto is the least on the table. I also dont doubt the effect of America in this but I think if they had started with approach to smaller countries it may take long time but could be effective

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