I'm a Big Fan of Bitcoin, Libra's Chief David Marcus Says

[diazepam666]

I think Libra will never succeed. The battle between the government of the country and Zuckerberg, obviously who will win. However, there is little chance that Libra will succeed. Let's just see what happens next.

Libra coin project might be failed but in my point of you I believe this project will be e successful for sure because most of the traders and investors are waiting to invest on such a big project like Libra.
Hence failure of this project is very less, maximum it will reach the success for sure.

[spadormie]

I think Libra will never succeed. The battle between the government of the country and Zuckerberg, obviously who will win. However, there is little chance that Libra will succeed. Let's just see what happens next.

What do you think could be the possible way for Libra to succeed if they are facing quite of a problem with SEC, gov't and its backers?

I don't think that this could be considered as 'Damage Control.' It's more of saying that the CEO is a big fan of bitcoin. It does not speak on the whole Libra thing. Although what happened with Libra was so damaging. Imagine, you have a project that is backed by many and big backers and then those backers of yours backed from you. With regards with the fan of bitcoin thing, this will not affect Libra project at all. It's just a statement from their CEO.

It could be damage control if he thought that regulators are more wlecoming of decentralized crypto like Bitcoin, rather than centralized private coin like Libra. This could stem from those Senate hearing when Libra was compared to Bitcoin. It's interesting to see Bitcoin being used as a benchmark by people who understand very little about cryptocurrency, I guess you just can't ignore that it is the original cryptocurrency with huge share of the market and good reputation in terms of safety.

Yeah, I heard of the news about the senate hearing. I thought that this could be a stupid moment and a meme-possible event again because of what happened with the congress and Facebook problem. Luckily, at least even the senate could see what bitcoin is all about and perhaps do investment on it or give a platform on their work as a person in the government for the fruitfulness of it. By for example, giving people knowledge in cryptocurrency.

[Kemarit]

haha, i am loving the shitshow known as Libra so much lately. this last one is the funniest of all.
basically when Libra started they never even remotely mentioned the starter of all this and the biggest (by far) cryptocrurency, bitcoin. not on their website introducing Libra, not in their talks, not anywhere else.
people kept comparing them like idiots but the owners never did mention it.

now that it is falling apart, and every one of their partners (specially the big ones) are pulling out they are desperately seeking attention and are doing what all the shitcoins do: stick themselves to bitcoin to try and get some hype in name only.

Isn't it ironic, LOL, that's why crypto enthusiast attacks them because they don't about Bitcoin or even acknowledge them so to speak. Doesn't take away anything from David Marcus, maybe we can call him a bitcoin pioneer here, but what's odd is his statement, I mean the timing so obviously there's some meaning behind him saying that. So their could be marketing ploy behind this, and try to grab the attention that they are bitcoin enthusiast (really?) so that they can still salvage some reputation because their big partners are pulling the plug at this point, wherein it hasn't been released and yet those dropping out like hot potatoes.

[samcrypto]

I think Libra will never succeed. The battle between the government of the country and Zuckerberg, obviously who will win. However, there is little chance that Libra will succeed. Let's just see what happens next.

The pressure is high for them so it will be a big challenge for Libra to succeed. Well, they have to love bitcoin or else the whole crypto community will hate them, let’s just see if they will push through for a centralized coin next year or not. We still need this kind of adoption and they are big companies that can help crypto community.

[nelson4lov]

Thank you David Marcus.

And please feel free to get back your own business which is STEALING USERS PERSONAL DATA AND SELL THEM TO THIRD PARTIES. Sorry for caps. I think Libra's coordinators think they can collect sympathy with this kind of rhetoric. But we have some very bad news for them. They're dealing with the wrong guys. Blockchain and the crypto world are made up of intelligent people. And we don't want to see any more crooks and Bloodsuckers.

Libra, please, stay away from the blockchain.

Libra may not be the best of news but It's one of the things we've being hoping to come to the space. Despite the fact that they're facing heavy scrutiny from from regulatory bodies and some of the founding members like PayPal and Mastercard has left. Despite all these, Libra is the best thing that has happened to the crypto space. When launched, we should be expecting to see a high influx of new users in the space. New money is coming guys just like we always wanted.

[X-ray]

Thank you David Marcus.

And please feel free to get back your own business which is STEALING USERS PERSONAL DATA AND SELL THEM TO THIRD PARTIES. Sorry for caps. I think Libra's coordinators think they can collect sympathy with this kind of rhetoric. But we have some very bad news for them. They're dealing with the wrong guys. Blockchain and the crypto world are made up of intelligent people. And we don't want to see any more crooks and Bloodsuckers.

Libra, please, stay away from the blockchain.

Libra may not be the best of news but It's one of the things we've being hoping to come to the space. Despite the fact that they're facing heavy scrutiny from from regulatory bodies and some of the founding members like PayPal and Mastercard has left. Despite all these, Libra is the best thing that has happened to the crypto space. When launched, we should be expecting to see a high influx of new users in the space. New money is coming guys just like we always wanted.

Definitely not the best thing happened but could somehow adds more users however if Libra is really released I doubt that people will learn more about crypto because Libra is a stablecoin anyway and I'm pretty sure that Libra will just works like any stablecoin out there or will just act as a payment method just like any other centralized e-money out there.
By the way even if the Chief is saying he's a fan of bitcoin it actually has nothing to do with the project isn't it? the regulation backlash is too strong  that I think Libra might failed miserably because it's just crumbling slowly right now.

[SolarWindMiningCompany]

Damage control on the part of Libra?

During a recent interview to CNBC, a Libra’s co-creator, David Marcus, said that he is a great fan of Bitcoin. Still, he admitted that Libra is going to bear no similarities to it, since BTC is highly volatile.

On the other hand, he admits that if Libra were not backed by fiat currencies, it would not have faced so much resistance from global regulators.

https://u.today/im-a-big-fan-of-bitcoin-libras-chief-david-marcus-says

So he really knows that their back is against the wall here with so many regulators against it.

Anyways, let move on, is Libra goes live next year then so be it. But I'm sure the consensus has spoken that we don't like it.

A US Senator suggested that Facebook should rather use bitcoin to serve its ecosystem rather than launching a coin. I quite agree with him and wonder why every developer building its startup on blockchain cannot tokenise its services and ecosystem using bitcoin or other existing proven coins like stellar lumens or Ethereum if not for humans insatiable greed. The biggest exchanges in cryptocurrency including Coinbase and Kraken doesn't have a coin to its name yet they are leading the industry and setting standards.

[finzyoj]

Are they already conceding defeat? For me it was because Lobra's co creator told on his statement that he is aware of regulators'/our resistance but didn't add details on how they gonna make a solution for it. I think there is a chance for Libra to really get shut down because of this current happenings or if not then I guess only few will support it and still die as time passes.

[Yaunfitda]

haha, i am loving the shitshow known as Libra so much lately. this last one is the funniest of all.
basically when Libra started they never even remotely mentioned the starter of all this and the biggest (by far) cryptocrurency, bitcoin. not on their website introducing Libra, not in their talks, not anywhere else.
people kept comparing them like idiots but the owners never did mention it.

Haha, who wouldn't love this shitshow? Libra has been huggin' the limelight lately because of partners getting out before it blows out of proportion. But this one is the best so far.  

Thank you David Marcus.

And please feel free to get back your own business which is STEALING USERS PERSONAL DATA AND SELL THEM TO THIRD PARTIES. Sorry for caps. I think Libra's coordinators think they can collect sympathy with this kind of rhetoric. But we have some very bad news for them. They're dealing with the wrong guys. Blockchain and the crypto world are made up of intelligent people. And we don't want to see any more crooks and Bloodsuckers.

Libra, please, stay away from the blockchain.

I can sense so much hate on you, my young Padawan.  

Are they already conceding defeat? For me it was because Lobra's co creator told on his statement that he is aware of regulators'/our resistance but didn't add details on how they gonna make a solution for it. I think there is a chance for Libra to really get shut down because of this current happenings or if not then I guess only few will support it and still die as time passes.

Not by a long shot buddy, Remember that they have billions in funds + those who choose to stay with them. There's no solution when regulators come knocking at your door, it's either you stop your project and give in to the demands, simply as that.

[TravelMug]

Libra doesn't have good reputation even before launch their coin. Although we should know that for big something always has obstacle. I'm also big fan of Bitcoin, where Libra could be a good coin.

The problem with them is that they have been precedent in the past about how they handled the data of their customers and this raises some eye brows on governments around the world when they decided to jump on cryptocurrency with this Libra coin.

Nothing against Marcus, maybe he really thought about this before he open his mouth. He is definitely admirer of bitcoin, but him being Libra's top head cast a lot of doubt as well with his recent statement.

[disconnectme]

I have a feeling Libra is going to have its way and get approved because we all know money speak and Facebook have the resources to lobby their way, but the issue is how it is going to compete in the crypto space since it is a centralised project

[Ajibola123]

To be honest, nobody isn't a fan of bitcoin, the mother of crypto and the first of it kind, bitcoin will always remain the biggest and nothing can change that, some altcoins are also good but everybody loves bitcoin. still anticipating for Libra though.

[avikz]

To be honest, nobody isn't a fan of bitcoin, the mother of crypto and the first of it kind, bitcoin will always remain the biggest and nothing can change that, some altcoins are also good but everybody loves bitcoin. still anticipating for Libra though.

What makes you say that?

I am a fan of bitcoin! Yes, some altcoins like ETH or Dash are also good but they couldn't reach the height that bitcoin has reached so far! The idea of blockchain was first implemented in bitcoin. Then the developers from around the world starter creating their own cryptos by tweaking the original idea of blockchain and bitcoin!

Libra is not a cryptocurrency! They are backed by fiat and doesn't offer privacy similar to any other cryptos! Libra is not even in the same league as cryptos!