What do you think about the Facebook Libra cryptocurrency idea?

[Lance203sin]

Nothing intresting behind this idea actually. Just another one fake cryptocurrency

[1714669092]

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[1714669092]

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[Ridwan Fauzi]

Nothing intresting behind this idea actually. Just another one fake cryptocurrency

Recently there is some companies who decided to leave the association such as visa, paypal, and mastercard. I guess their decision to leave the corporation just because they will find a stalemate.

Yeah, it is not cryptocurrency because the libra coin will backed by some fiat currency and it is not decentralized. We can see what will happen after Mark Zukemberg meet the government of US.

[Chris Barth]

Nothing intresting behind this idea actually. Just another one fake cryptocurrency

Easy man.... I don't think that Libra is fake. The topic was to share you idea concerning what you think about the effect that Libra will bring to the world.

[Chris Barth]

When I created this topic, I did say something about the Libra airdrop (which I didn't know if it was fake or not). I even tried contacting Facebook on twitter but.... To no avail. Here's the link to the airdrop page; maybe you can determine if it's fake or not.
Link: https://bit.ly/33yHGmT

[Vispilio]

The name & brand of Zuckerberg has become synonymous with data breaches and gross negligence of privacy of customers (and sociopathic tendencies ), 2 issues that are taken very seriously in the crypto space, so it's extremely unlikely for Libra to gain any traction amongst crypto enthusiasts.

Now that mainstream also seems to be gradually and decisively turning against Libra, chance are increasing for it to be a total failure before it even launches...

[pooh95]

I am against this.

They are givingg Mark Zuckerberg a chance to dominate the financial industry.
If this goes on then he will be a part of the manipulators of the world which we all dont want to since our privacy can also be in danger.
Why? Facebook. A lot of people are using that application for ease in communicating with their love ones.
It cannot be stopped and it is still growing everyday.

Now, he have your money and also your information. What do you think is next?

Yes, I also think so, if such resources are used to manipulate the market and the monopoly, it’s scary to think what will happen

[yulionoo]

Libra also experienced resistance in several European countries. Germany and France have rejected Libra because they fear Libra will threaten their financial stability. and also the supporting company also decided to leave. this will be bad news for libra. it hasn't been officially released yet but has experienced a lot of rejection. we wait whether in 2020 libra will be launched?

[Colt81]

I think Libra will not be successful as bitcoin, eventhough it has Facebook by it's side because a lot of people have doubts in this project that there is nothing special about it and it nay cause a havoc in cryptocurrency, that is why it is possible that there are only few people who will get interested in Libra.

[pamsugas]

libra is a stable coin like USDT, the idea of libra might want to rule the world in terms of payment I think libra will compete with us dollar. but in recent months the news of Libra has gotten worse and many of their partners left Libra because many countries do not support the presence of Libra.

[Erdogan]

I am against this.

They are givingg Mark Zuckerberg a chance to dominate the financial industry.
If this goes on then he will be a part of the manipulators of the world which we all dont want to since our privacy can also be in danger.
Why? Facebook. A lot of people are using that application for ease in communicating with their love ones.
It cannot be stopped and it is still growing everyday.

Now, he have your money and also your information. What do you think is next?

So what do you suggest? Prohibit the creation of Libra, and then ban all cryptocurrencies?
Libra will be created and will be a centralized coin, just like Ripple. It depends on each of us individually whether we want to use it or not. Personally, I also think that this project will bring more bad than good, but certainly the idea of ​​blocking it is even worse.

[spadormie]

Before posting same topics such as these and a repeated radio-like type of guy talking about Libra, you should try first looking at topics the same as this one.
Anyway, Facebook Libra is nothing special. Facebook is more on focusing in creating a private coin which is centralized. And right now, they are facing a lot of problems with their project. Not to mention, big names to back this projects backs out because of a lot of problems with SEC. 

[danherbias07]

The airdrop was a fake one.
It was made to scam people using the hype that is happening all over the crypto sphere.
It just happens and it is not new anymore.

Regarding the pull out though. It was done to keep safe this legitimate companies.
If they insist to support Libra they might close down this companies specially when it is money related.

[suzanne5223]

The airdrop was a fake one.
It was made to scam people using the hype that is happening all over the crypto sphere.
It just happens and it is not new anymore.

Regarding the pull out though. It was done to keep safe this legitimate companies.
If they insist to support Libra they might close down this companies specially when it is money related.

I did not support the facebook coin (Libra) but the Libra airdrop was launched by crypto scammer, not by the Libra team and should be easy to spot out by every cryptoneir who's knowledgeable and not greed.
Concern the OP question, Libra coin is just like other shit altcoin and with the thing said about the coin by Senior analyst, more companies that support the project will definitely back off.

[TrevorS]

Nothing special with Libra, they are just a stable coin, not like Bitcoin and Ethereum with decentralized, Facebook Libra become centralized. I think, Libra very hard to get mass adoption, because authorithy rejected Libra. If you read on news yesterday, Their partner such as Visa, PayPal and more already left from this project. No trust, no community it's mean no buyers for Libra.

If you believe the words of David Marcus, the projects that left Libra do not have to be present at all of the launch itself. They can easily join later, because in order to use Libra in their services, almost nothing is needed. Those projects that are now included in Libra and which will be included in it in the near future, according to Marcus, will be network validators.

[nutriagrigia]

Perhaps Visa and PayPal were asked to move away from Libra because they understand what impact this product will have. With Telegram the same situation but perhaps this is a complicated game of the gods who love to control everything so much.

they moved away from the Libra because their legal affairs are not clean and the government can easily destroy even such large campaigns if they prevent the government from fulfilling its plans. they are just afraid to be with libra

[Aabcde]

I noticed that many members here are not happy with Libra. Starting from the centralization of Libra, nothing is interesting, the same idea as the payment system, partners who leave, etc.
I am not very enthusiastic about hearing Facebook issue Libra as its crypto payment. Moreover, they must submit to the SEC. But if you look ahead according to the funds they have from the benefits of Facebook, Libra could be launched even without PayPal, eBay, VISA, etc.

[dfktynby1004]

Today, this topic is very popular in various communities. After a very noticeable exit of large investors from this project, we must think. Most recently, the SEC disapproved of Pavel Durov's cryptocurrency project. The same is likely to happen with Libra. Regulators are not prepared to allow private companies to intervene in the huge global financial sector because of the possibility of losing control over it. I think Libra should accept the SEC's terms and implement its cryptocurrency as quickly as possible. This industry needs urgent popularization

[TrevorS]

Amazing things are happening now. The regulators turned to face Libra as opposed to TON. The libra already has people in the Senate who support her. G7 spoke positively about stable coins, which was not the case before. At the same time, they declare the full regulation that Libra provides.

[desticy]

The idea itself only repeats the standard monetary system only on a large scale. Today we have banks and the money they issue. The libra is a bank inside the coin itself.
Everyone is afraid of verification, but this is not necessary if you are not going to use the libra. There are many other alternatives.
But I like the idea of Libra because it will give a greater distribution of crypto currencies.

[senne]

Facebook giving an alternative to traditional payment system isn't really something trustworthy. Facebook has been involved in privacy crimes. Now involving it into something this sensitive as money and payments that too on centralised blockchain isnt what this world wants and needs. Blochain indeed makes money transfer real time and cheap. But I wouldn't support a centralised system as libra for that. It is giving way too much power in the hands of Facebook