Bitcoin Forum
January 28, 2020, 05:14:47 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: More Money,More Problems:Can We Really Trust Facebook to “Fix” Digital Currency?  (Read 108 times)
Rahib khan
Newbie
*
Offline Offline

Activity: 163
Merit: 0


View Profile
September 27, 2019, 02:17:39 PM
 #1

More Money,More Problems:Can We Really Trust Facebook to “Fix” Digital Currency?
What did you think about Facebook coin did you think it's our next digital currency
1580188487
Hero Member
*
Offline Offline

Posts: 1580188487

View Profile Personal Message (Offline)

Ignore
1580188487
Reply with quote  #2

1580188487
Report to moderator
1580188487
Hero Member
*
Offline Offline

Posts: 1580188487

View Profile Personal Message (Offline)

Ignore
1580188487
Reply with quote  #2

1580188487
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Slow death
Hero Member
*****
Offline Offline

Activity: 1442
Merit: 758


Crypto Exchange - Secure & Anonymous


View Profile
September 27, 2019, 05:37:00 PM
 #2

I can't understand anything what you mean

More Money,More Problems

I know the more money the person has, the less problems the person will have. At least good food, good health, good home, good car, business and company, the person will have if you have a lot of money. so explain to me what you mean by "More Money, More Problems"

Can We Really Trust Facebook to “Fix” Digital Currency?
What did you think about Facebook coin did you think it's our next digital currency

fix what? you are not being clear

█▀▀▀











█▄▄▄
|
▄▄█████▄▄
▄███████████▄
▄███████████████▄
▄██▀███████████▀██▄
▄█████▀███████▀█████▄
████████▀███▀████████
██████████████████
████████▄███▄████████
▀▀▀▀██████▄██████▀▀▀▀
█████████
▀███████████████▀
▀███████████▀
▀▀█████▀▀
▄▄█████▄▄
▄███████████▄
▄███████████████▄
▄█████████████████▄
▄████████████████▀██▄
██████████████▄██████
█████████████████████
████████████▀████████
▀█████████████▄█████▀
▀█████████████████▀
▀███████████████▀
▀███████████▀
▀▀█████▀▀
.
Trusted by ✔
MONERO
& DASH
|◆  OVER 115 COINS 
◆  FIXED RATE 
◆  NO REGISTRATION 
▀▀▀█











▄▄▄█
Ryker1
Sr. Member
****
Offline Offline

Activity: 756
Merit: 343



View Profile
September 27, 2019, 06:53:19 PM
 #3

[snip]
What did you think about Facebook coin did you think it's our next digital currency
Well, probably you are talking about Libra coin which is recently launched by the Facebook company. Yes, it is a part of digital currency and also they had used blockchain technology like Bitcoin and Ethereum. But this digital currency is different from cryptocurrency because it is regulated by the owner. But how could you fix this? this is a stable coin and this is not like crypto, it seems you are using fiat but on the internet.


[ Mix coins ]
 
Your BITCOIN Transaction
made Truly ANONYMOUS
 

███████
█████████████████
████████████████████████
█████████████████████████████
██████████                    ██████████
█████████                          █████████
███████                                    ████████
          ███████                                        ███████        ██
          █████████████████████████████████████      ███
          █████████████████████████████████████  █████
          ████████████████████████████████████  ██████
        ██████████████████████████████████████████
  █████████████████████████████████████████
█████                                        ████████████
                                  ██████████████
██                          █████████████████████          ██     
█████              ███████████████████████          ████     
█████████████████████████████            █████████     
██████████████████                      ████████████       
██████████████████████████████████████     
████████████████████████  ███████ 
    ██████████              █████
                      ████████
      ████████████████    █
        ██████████████████
                  █████      ███
                      █████
                    ████

Blender
 
The ULTIMATE BITCOIN Mixer
with an ADVANCED TECHNOLOGY
 

███████████   
███████████████████████   
████████████████████████████     
██████████████████████████████     
██████████████████████████████   
 

                                          █████████████
                                          ███████████
██████
                                          ███████████
██████
                                          ███████████
        ██
                                        ████████████
        ██
    ██                              █████████████
        ██
    ████                      ███████████████
        ██
    ██████              █████████████████
        ██
    █████████████████████████████
          ██ 
      ███████████████████████████
          ███
      ██████  ████████████████████
        ████
      ██████████████████████████
  ██████
      ██████████████████████████
███████
  █████      ████████████████████
███
████          ████████████████
████ 
████          ████████████████       
████████████████████████


 
█████████████████████████       
███████████████████████████       
█████████    ██    ███    ██████████     
███████████    ██    ███     ██████████       
███████████    ██    ███     ███████████     
██████████████████████████████████     
██████████████████████████████████       
ReiMomo
Sr. Member
****
Offline Offline

Activity: 1256
Merit: 258


bestchange


View Profile
September 27, 2019, 09:39:02 PM
 #4

[snip]
What did you think about Facebook coin did you think it's our next digital currency
Well, probably you are talking about Libra coin which is recently launched by the Facebook company. Yes, it is a part of digital currency and also they had used blockchain technology like Bitcoin and Ethereum. But this digital currency is different from cryptocurrency because it is regulated by the owner. But how could you fix this? this is a stable coin and this is not like crypto, it seems you are using fiat but on the internet.
I think that was the OP means, Libra is a facebook idea and they had created a digital coin. This is a payment processor, fin-tech and telecom providers. This stable coin you may use in sending money with Whatsapp and messenger apps, you can able to send currency across the world and like cryptocurrency it is also decentralized. I will agree that this sill is our next trusted digital currency aside from bitcoin which not stable but yet a highly volatile price. Easy and reliable to use.

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
Rahib khan
Newbie
*
Offline Offline

Activity: 163
Merit: 0


View Profile
September 28, 2019, 04:21:33 AM
 #5

I can't understand anything what you mean

More Money,More Problems
My concern is can we really trust Libra
A million dollars isn’t cool. You know what’s cool? The answer from Facebook appears to be this: a million stablecoins. In the most consequential whitepaper since Satoshi Nakamoto’s, Facebook recently laid out plans for Libra, a “stable,” low volatility digital currency supported by its own blockchain and smart contracts platform.

Facebook’s purpose seems simple enough on its face. According to the Libra whitepaper itself: “Moving money around globally should be as easy and cost-effective as — and even more safe and secure than — sending a text message or sharing a photo, no matter where you live, what you do, or how much you earn. New product innovation and additional entrants to the ecosystem will enable the lowering of barriers to access and cost of capital for everyone and facilitate frictionless payments for more people.”

Libra’s value proposition is that we should be able to move money as easily as data. Given how easily Facebook has moved data to bad actors, whether those be Cambridge Analytica or outright cybercriminals, should we really trust them with safeguarding a digital financial ledger? If leaky “likes” can be used to change the course of international political history, imagine what leaky financial histories will produce.


Even assuming Facebook could be a “good custodian” of data and prevent these leaks, how wise is it to have a “one-stop shop” of so much of our social graph and our financial data? In the words of Seinfeld’s George Costanza, worlds are colliding! How will this accelerate the concept of “social credit,” already being used to chilling effect in China?

These are just a few of the reasons why this new digital currency, right out of the gate, feels both forced and destined for failure. More than that, though, it simply doesn’t make sense on the fundamental level of how cryptocurrency is supposed to work, especially if it is ever going to overtake the ingrained, lazy appeal of fiat currency.

House Money, House Rules?
On its face, Libra is the logical endpoint of thousands of years worth of private enterprise-based end-arounds of state-sponsored fiat currencies. As early as the Roman Empire, it is believed special tokens called spintriae were used in what are presumed to be casinos and brothels. Centuries later, English monasteries used their own “branded” tokens to pay for services, and centuries after that, the first casino tokens were used in 17th century European card games like Ombre and Quadrille. In the American Old West, poker players used pretty much whatever was on hand, whether gold nuggets, coins or paper to represent currency in games.

To some extent, casinos from Las Vegas to Monte Carlo to Macau have continued the tradition with their own tokens (or “chips”) that can be bought to play house games.

Of course, Facebook – the company that once wanted to make the world more “open and connected” – is attempting something more ambitious than any private issuer of tokens ever has. The motivation of Facebook to build Libra, as well as its supporting foundation and technology, probably has more to do with what built those glitzy casinos in Las Vegas and Monte Carlo and Macau than with making the world more “open and connected.”

Despite Facebook’s “more open and connected” mantra, there is no reason to believe Libra won’t suffer from its own “walled garden” (or “theme casino”) effects. Playing with Facebook’s “chips” means you’re playing by the company’s “house rules,” which can change on the whim of the company and its Libra Foundation.

You Come at Satoshi, You Best Not Miss
Bitcoin’s main proposition has always been that there is no governing board; no one controls the currency, not even Satoshi (well, for all practical purposes at least); and that math, not the aforementioned governing board, should determine the ultimate value of currency. Libra may have some attractiveness and maybe even viability as a payments replacement in the third world, like mPesa or even the U.S. dollar before it, but in terms of a completely stateless, corporate interest-free currency, nothing will ever compete with bitcoin. If there is an advantage over such competitors as the centralized Ripple or stabilized Tether, it is merely a marketing one.

Libra is “solving” the problems of decentralization by offering its counterpoint of privatized centralization, a new system led by some of the very same big players that gave rise to bitcoin and digital currencies in the first place. Perhaps Facebook’s experience penetrating different international markets, assisted by the Libra Foundation’s roster of “Big Payments” partners (e.g. Visa, Mastercard and Paypal), will give it an advantage in providing a bridge to physical exchanges and merchants, but it severely hobbles the currency’s financial independence at the same time.

At its heart, Facebook is putting a new coat of paint on an old system, completely ignoring the appeal and initial value proposition of the blockchain and cryptocurrencies in the first place. Facebook is essentially backing its token not with a federal insurance corporation, but with a consortium of those “Too Big To Fail” partners. Those well-versed in the history of bitcoin, and thus all cryptocurrencies, are sure to appreciate the irony.

Not only that, the mystery of bitcoin’s origins and inventor, which might give some trepidation to the casual holder, is actually where the cryptocurrency derives much of its power. Government entities that might see bitcoin and Libra as competitors can easily use the power of subpoena, as we’ve already seen on a few occasions, with Mark Zuckerberg, Sheryl Sandberg, the rest of Facebook and the rest of Libra’s foundation. Good luck with that on bitcoin...we are all Satoshi.

To get over two billion people to use Libra, Facebook will have to fight a very different war than the one it waged to onboard two billion people onto its social network. Like Facebook Home and Facebook Credits before it, it may be one more Facebook “moonshot” cursed with a fundamental failure to launch
13abyknight
Sr. Member
****
Offline Offline

Activity: 616
Merit: 252



View Profile
September 28, 2019, 04:42:54 PM
 #6

More Money,More Problems:Can We Really Trust Facebook to “Fix” Digital Currency?

Facebook itself has been going through a lot of controversies over various issues which include user privacy and a lot of other policies. With that said, they should be looking to fix their current system before diving into a much bigger venture.

What did you think about Facebook coin did you think it's our next digital currency

It sure will cause a lot of hype as Facebook is a big corporate and a token under their name would be a huge deal. Depending on how they deal with the present situation of the cryptocurrency scene and what model they choose, it could be a hit or miss.

bL4nkcode
Copper Member
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 862


Crypto Mixer - https://bitmix.biz


View Profile
September 28, 2019, 07:28:36 PM
 #7

[snip]
Facebook might be a healthy competition between decentralized currencies, but it should not be compared to existing cryptos like BTC, ETH, LTC and etc, while its focusing and has large threat to banks or even central banks itself.

..bustadice..         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
......Play......
Lanatsa
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 525



View Profile
September 28, 2019, 08:35:52 PM
 #8

[snip]
Facebook might be a healthy competition between decentralized currencies, but it should not be compared to existing cryptos like BTC, ETH, LTC and etc, while its focusing and has large threat to banks or even central banks itself.
I dont really see to be a competition against BTC and other altcoins in the market yet this is most likely to be similar with those stable coins we have seen in the market.OP is definitely talking about Libra and we have seen how this token is being stopped or being blocked by the government or lots of critics and problems been faced yet they do saw for this project to be a threat to them.Anything that cant be controlled by the government would really be always getting different treatment.We know on how big facebook is and so as with the government.

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
poptok1
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 695


CryptoTalk.Org - Get Paid for every Post!


View Profile
September 28, 2019, 08:51:08 PM
 #9

...large threat to banks or even central banks itself.
With all due respect but threat my ass. No way dude, I wont believe such statements in million years, no matter how often it gets repeated. I think its a project designed by the central, supported by it and they most likely, cheering for it as we post.
I see it as a threat to human kind, another emanation of world government. Call me conspiracy theorist but it is better to be cautious then sorry. This company is simply to big, to important and simply to heavily entangled with the three letter intelligence organisations of all sorts. Trust nobody, especially trust no corp.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
GreatArkansas
Hero Member
*****
Offline Offline

Activity: 742
Merit: 772



View Profile WWW
September 29, 2019, 02:11:58 AM
 #10

Well, the Facebook cryptocurrency may will only be famous on some platform especially on their own platform since Libra cryptocurrency is more on stable coin like it is backed with USD.
So, if you will compare it with other decentralized cryptocurrencies like Bitcoin, I think it is something different.
One of the main competitor of Libra for sure is like the whatsapp pay, which there are some country are already using this in most of businesses, like in China. And also Paypal, they could be also similar with Libra cryptocurrency.

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
christian07
Full Member
***
Offline Offline

Activity: 882
Merit: 102


View Profile
September 29, 2019, 03:35:59 AM
 #11

Yes this is digital currency that's why we can trust this but of course there's a negative things about this example in Facebook Coin so this can turn popular here in crypto if this run or launch already but the impact of this in worldwide investment is really big like we can really earn in this like business because people will see cryptocurrency by this but this can control worldwide money like this can turn like that another thing the scam or hack will grow too so don't give your 100% trust by Facebook Coin

marcuslong
Legendary
*
Offline Offline

Activity: 1036
Merit: 1002


View Profile
September 29, 2019, 04:21:31 AM
 #12

More Money,More Problems:Can We Really Trust Facebook to “Fix” Digital Currency?
What did you think about Facebook coin did you think it's our next digital currency

For me, I think I really trust facebook to fix digital currrency. It's our next digital currency because almost all of the people use facebook. I think the user in facebook is greater that the user of bitcoin.
Kupid002
Sr. Member
****
Offline Offline

Activity: 658
Merit: 305


View Profile
September 29, 2019, 10:08:48 AM
 #13

More Money,More Problems:Can We Really Trust Facebook to “Fix” Digital Currency?
What did you think about Facebook coin did you think it's our next digital currency

For me, I think I really trust facebook to fix digital currrency. It's our next digital currency because almost all of the people use facebook. I think the user in facebook is greater that the user of bitcoin.
The difference is facebook coin libra is centralised . But facebook is really big help for adoption of crypto currency it is now recognise in the  mainstream media and more and more people want to learn about crypto currency how it works and how this kind of technology can be help for the future.

Silberman
Hero Member
*****
Offline Offline

Activity: 1078
Merit: 505

CryptoTalk.Org - Get Paid for every Post!


View Profile
September 29, 2019, 04:11:51 PM
 #14

I dont really see to be a competition against BTC and other altcoins in the market yet this is most likely to be similar with those stable coins we have seen in the market.OP is definitely talking about Libra and we have seen how this token is being stopped or being blocked by the government or lots of critics and problems been faced yet they do saw for this project to be a threat to them.Anything that cant be controlled by the government would really be always getting different treatment.We know on how big facebook is and so as with the government.
At this point we do not really know if Libra is going to launch at all since it seems most governments want to block it, which is not surprising, if people begin to use a coin created by Facebook then some of the most powerful companies around the world will decide that it is in their best interests to create their own coins and suddenly things could get out of control for most governments, but as you say that Libra coin will not be a competitor to decentralized currencies like bitcoin but it will be a threat to stable coins and fiat.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
KennyR
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 501

Cryptotalk.org - Make Posts And Earn Bitcoin


View Profile
September 29, 2019, 06:34:25 PM
 #15

[snip]
Facebook might be a healthy competition between decentralized currencies, but it should not be compared to existing cryptos like BTC, ETH, LTC and etc, while its focusing and has large threat to banks or even central banks itself.
With its centralized service Facebook will stand against more centralized financial institutions. Bitcoin, ethereum and most of the top altcoins were on a separate track compared to the plan from Facebook on its digital currency.

Already Facebook have some issues with the privacy data leak. So, to gain trust it is supposed to fulfill by overcoming the past bad image it has acquired.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Chiyoko
Member
**
Offline Offline

Activity: 302
Merit: 10


CryptoTalk.Org - Get Paid for every Post!


View Profile
September 30, 2019, 03:26:25 PM
 #16

[snip]
Facebook might be a healthy competition between decentralized currencies, but it should not be compared to existing cryptos like BTC, ETH, LTC and etc, while its focusing and has large threat to banks or even central banks itself.
With its centralized service Facebook will stand against more centralized financial institutions. Bitcoin, ethereum and most of the top altcoins were on a separate track compared to the plan from Facebook on its digital currency.

Already Facebook have some issues with the privacy data leak. So, to gain trust it is supposed to fulfill by overcoming the past bad image it has acquired.
if facebook libra launch more and more people will be use it even we like it or not that was really possible to happen , even they have issue before it will not lessen the people to try this new crypto currency created by FB.  they will get free advertisement also  from thier own social media platform with billions of users .

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.
       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
Silberman
Hero Member
*****
Offline Offline

Activity: 1078
Merit: 505

CryptoTalk.Org - Get Paid for every Post!


View Profile
October 03, 2019, 07:43:44 PM
 #17

[snip]
Facebook might be a healthy competition between decentralized currencies, but it should not be compared to existing cryptos like BTC, ETH, LTC and etc, while its focusing and has large threat to banks or even central banks itself.
With its centralized service Facebook will stand against more centralized financial institutions. Bitcoin, ethereum and most of the top altcoins were on a separate track compared to the plan from Facebook on its digital currency.

Already Facebook have some issues with the privacy data leak. So, to gain trust it is supposed to fulfill by overcoming the past bad image it has acquired.
Facebook does not really care about the bad image that they have acquired during the past years, getting all the information they can out of the people that use their platform is their business model and they are never going to change it, what they do care about is that governments and banks are opposing them and their efforts to create their coin and they know that they will be have to face those formidable opponents if they wished to release their coin and I am not sure they really want to do that.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
pixie85
Sr. Member
****
Offline Offline

Activity: 1148
Merit: 289


View Profile
October 03, 2019, 08:09:13 PM
 #18

I like Libra because it will give many people a chance to choose their own crypto. They will hear about it and will be able to learn more if they choose to. That is if they don't ignore all the rest and just use Libra. There will be a lot of people who will do it and it's a shame but there will also be many who will choose to explore.

The good side of Libra is all the exposure it will bring. The bad is if it fucks up somewhere it will scare people away from all the other cryptocurrencies.
Some people think it will steal users away from bitcoin but it won't happen.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!