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Author Topic: Where is Facebook coin going  (Read 624 times)
Rahib khan
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October 12, 2019, 03:34:18 PM
 #1

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?
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October 12, 2019, 04:08:37 PM
Merited by The Pharmacist (2), tk808 (1)
 #2



I have been telling my friends that soon Libra is going into the limbo floating somewhere in between hell and purgatory of regulatory universe. With many of the members of the Libra Association starting to disassociate themselves from this very controversial project, all the backers can be gone sooner than Mark Zuckerberg can get to the comfort room. Libra is destined to be strangled principally because this is another project of Facebook which is now known as not a good repository of data and is careless with the privacy of its users. I am suggesting to Mark to redo and change everything on Libra and even change its name...plus get new people to handle the whole project away from him and Facebook.

 
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October 12, 2019, 04:42:04 PM
Last edit: October 12, 2019, 04:55:45 PM by mr.relax
 #3

Its very simple: Regulation and Cryptos dont fit together.
Libra is dead. Maybe it will be something like a new paypal, but never ever something like bitcoin.
Either do crypto which cant be regulated or do a centralised financial service.
Only when centralised money issued from nationalbanks appear, blockchain money will be accepted, but then its no decentralised crypto as we know it.

In my believe, its time to say goodby to the effort of integrating crypto in the regulated financial world.
Wherever the nations can, they fight against cryptos and call it regulation.
Just have a look what happened to telegram token...
Crypto was never made for regulation and the "power" will never allow that real cryptos  become relevant.
Bitcoin was made as alternative to real money, not as a kind of real money.
Better improve the privacy thing in all coins, especially bitcoin, and dont accept regulation instead of kissing the a...s of the financial system.
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October 12, 2019, 04:48:39 PM
 #4

I have been telling my friends that soon Libra is going into the limbo floating somewhere in between hell and purgatory of regulatory universe.
This.  I haven't read any good information about what's really going on behind the scenes and it is not clear to me why the U.S. gov't wants to squash the project before it gets going.  I assume it has to do with potential money laundering, a creation of a stable currency other than the USD, and possible tax evasion.  I could be wrong on all counts but if someone has the scoop on what the hold up is, I'd like to hear it.

You also mentioned the privacy issue, which is the main reason I detest facebook with every ounce of my soul.  Personally I'm neutral about Libra launching, but it would give me a nice giggle to see this blow up in Zuckerburg's face.  Call me a cranky contrarian but what they do with their users' data just isn't kosher.
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October 12, 2019, 06:18:30 PM
 #5

It will be dead soon before they launch, or will not even launch perhaps. Besides, the US government is very skeptical about them.

Seriously, it doesn't matter to me launching the project in the mainstream, even, it helps of BTC/crypto awareness to their billion users.
And might affect the price in some ways even people say that there's no connection between libra to BTC, only if libra survives, which I doubt.

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October 12, 2019, 08:15:08 PM
Merited by tk808 (2)
 #6

It is always interesting to discuss Libra coin because this coin is a controversy, some people say libra was created to destroy bitcoin.But I personally think that the appearance of Libra coin will boost the price of Bitcoin, which is indeed different between Libra and Bitcoin.Libra coin is intended as a digital currency to pay various bills, buy goods from e-commerce companies and also send money especially for Facebook users. While Bitcoin is like a digital version of gold which is more suitable as investment tool, although Bitcoin can also be a means of payment. We remember related to the issue of data leakage problems that have been made Facebook, that will make people will not believe in Libra coin. Not to mention that Libra coin is socialized because it is controlled by libra association which will reduce people's interest in libra coin, very different from decentralized bitcoin. Bitcoin it is not owned or regulated by any party, which makes people like it. The conclusion is that Libra will never be able to defeat Bitcoin.

 
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October 13, 2019, 02:25:24 AM
 #7

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

Even though there's al of companies jumping the boat on Libra today, I think Mark Z is really hell bent on putting this on crypto space, I mean they hired someone to help them (lobbyist) so I doubt that they will simply back out of the plans to release in next year. So let them pursue it, and see how it will go for them. If they see it's no longer profitable then obviously they will pull the plug on this one instantly.

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October 13, 2019, 03:38:07 AM
 #8

Just England who support them although I don't know exactly the reason why they still support them and the rest most the countries in europe will fight them. And recently there is some companies who decided to left the corporation such as mastercard.

If many people have an awareness then I guess they should be not interested to libra coin which is why facebook have some problems especially about the identities of their user. For myself, I'll not use libra coin if they still compel to lounch the coin, I'll face many problems for sure.

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October 13, 2019, 07:20:58 AM
 #9

It will be regulated, it will not be free, it will not be [type any of important BTC characteristic]. But it will be anyway very good type of money. This is the next big step, if it'll be launched.

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October 13, 2019, 12:05:50 PM
 #10

I still have much hope for it but in general, the hype that surrounded it initially had really died down. If the project is to continue, it won't be as it was before. Facebook being a company who people attribute with privacy issues, this alone will make lot of people to have double minds about the Libra token.
Its launch is no longer guaranteed yet, we have to wait till next year.

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October 13, 2019, 03:21:21 PM
 #11

It will be dead soon before they launch, or will not even launch perhaps. Besides, the US government is very skeptical about them.

Seriously, it doesn't matter to me launching the project in the mainstream, even, it helps of BTC/crypto awareness to their billion users.
And might affect the price in some ways even people say that there's no connection between libra to BTC, only if libra survives, which I doubt.
Its really hard when there's someone whose watching you specially if its US government which wont really be that simple for you to proceed on plus
having lots of critics then you would really thinking up twice before proceeding if you are the project owner.So talking about on where this coin or project would go
then it would really have that 50-50 chance its either they would able to launch or would either die along the way.For now we cant do anything but to watch on what will
happen.

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October 13, 2019, 03:51:32 PM
 #12

As least give us the bad news here, Facebook’s libra cryptocurrency coalition is falling apart as eBay, Visa, Mastercard and Stripe jump ship.

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?
I'm sure Mark Z. doesn't want this to happened, unfortunately at the end of the day it's all business and I have a feeling that once he face the music in the Congress, everything will be clear as to what Libra is and what regulations do they really need to satisfy. So for me they are going to pursue as plan and enter the crypto market. And I'm sure those companies can still work with Libra when they see the project became a success.

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October 13, 2019, 05:58:30 PM
 #13

If you are thinking if there would be a great price pump coming for Libra then think again. Several countries like France, Germany, Japan, and China have already voiced out that they are either not open towards Libra or will proceed with caution with regards towards regulation for it so that already gives you a brief introduction on what the demand would look like if this has been already launch. Big markets such as those countries not being too open for Libra already gives you a hint that it will be a hard market for them. Not to mention that Libra would be considered a stable coin you won't really get any kind of price action from it since it's really not built to be traded on a regular crypto exchange.

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October 13, 2019, 07:17:12 PM
 #14

If you are thinking if there would be a great price pump coming for Libra then think again. Several countries like France, Germany, Japan, and China have already voiced out that they are either not open towards Libra or will proceed with caution with regards towards regulation for it so that already gives you a brief introduction on what the demand would look like if this has been already launch. Big markets such as those countries not being too open for Libra already gives you a hint that it will be a hard market for them. Not to mention that Libra would be considered a stable coin you won't really get any kind of price action from it since it's really not built to be traded on a regular crypto exchange.

I don't know if anyone was anticipating libra bringing them profits. It won't. The major reason why I liked the Libra idea was that It was going to bring Cryptocurrencies and Blockchain to the limelight. I know for a fact that Facebook will inform their 1 billion users about people. And humans, being curious, They'll research on the tech => blockchain => Bitcoin and altcoins. That's more than enough exposure and adoption. So whether or not Libra is regulated, It's a win win for us.

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October 14, 2019, 04:04:36 AM
 #15

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?
bad news will not be affected libra we should for the launch then we will see if they continue .

 
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October 15, 2019, 12:21:40 PM
 #16

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?
it can be anti-advertising, or specially inflate such rumors that there were no such fees as telegrams. Perhaps some investors will be afraid to enter because of such news. but I'm not afraid I'm participating
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October 15, 2019, 02:02:43 PM
 #17

I do not know much about what happened to Libra coins, only now there are a lot of bad news circulating about Libra, such as the loss of cooperation from several large companies, so that it can cause a lack of trust in Libra, hopefully it can be overcome soon by the parties Libra, because until now there are still many who monitor about Libra.

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October 15, 2019, 03:21:31 PM
 #18

I have heard that many countries and some companies have blocked the presence of libra coins so that libra might be postponed.
I also don't know for sure that libra will be published or not later.

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October 15, 2019, 03:34:10 PM
 #19

My suspicion is that Libra is going to be a big Facebook FAIL. Many of its partners are dropping out as probably they see that it is not going anywhere. My big problem with Libra is that it is not a true cryptocurrency in it's core sense. First of all it is not decentralized, but generated by a central entity( company in this case) that had media scandals in the past with people's confidential information. Would I trust Facebook to not track my spending habits and transactions? - HELL NO!

 
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October 15, 2019, 04:43:49 PM
 #20

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

Its hard to tell about this coin now. However they will find a way to move forward and the coin will be out in the market for sure. Already lots of development ongoing. So they dont go back unless US government bans it.

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