Would you use FB's Libra?

[FLoving]

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

Right now no one know that will it get approved by the congress or not! In the same way we cannot say that how will it work and how much will people trust on that coin. Many experts are from now suggesting them to adopt bitcoin which I also think that it will be good for all of us.
People also are worried about Libra because they think that the privacy on facebook is not much secured. It is also considered as a centralized coin and the crypto community want to adopt only decentralized currency.

I've never heard any expert from when talking about Libra trying to mention bitcoin or even recommends us to adopt bitcoin by any means. Even Libra is not approved because it could potentially become a danger for the national currency and bitcoin which is decentralized can't go anywhere if the government have that idea.

I head about that in an article I will try to search that for you. Plus Libra can be dangerous for national currency but it cannot be dangerous for bitcoin because bitcoin is a master coin of the crypto world and it will remain master for lifetime, as it is already an established coin and when facebook will start libra and will list that on crypto exchanges then all the users of facebook will go there for libra and as libra is stable coin so when seeing bitcoin with rising price all of them will adopt bitcoin and will invest in it.

[Aikidoka]

I'd probably use FB's libra when it's gonna be released because I'm like using Facebook a lot and it's one of the most social media sites that I've been used for a long time ago. I hope that libra will gain a good value once, it will be released, I think it will be a good crypto because we all know that Facebook is used a lot by many people around the world and the project seems so good to be honest.

[Erick stevanus]

Since there are many bussiness activities on facebook, I think people will prefer like to use libra because it can make transaction easier and faster. Facebook user face an obstacle in payment process so it seems that libra will solve this problem.

[meliodas]

I'd probably use FB's libra when it's gonna be released because I'm like using Facebook a lot and it's one of the most social media sites that I've been used for a long time ago. I hope that libra will gain a good value once, it will be released, I think it will be a good crypto because we all know that Facebook is used a lot by many people around the world and the project seems so good to be honest.

Even though FB's Libra will be released, people will not trust it because there is a lot of issue around it. In my opinion, it is better to use other financial services online rather than trapping yourself into an ecosystem which have a lot of issue from the government. Use decentralized cryptocurrencies or other services like paypal if you don't like to use cryptocurrency for transactions.

[Vishnu.Reang]

Since there are many bussiness activities on facebook, I think people will prefer like to use libra because it can make transaction easier and faster. Facebook user face an obstacle in payment process so it seems that libra will solve this problem.

The question is why they should prefer Libra over Paypal or Visa. The fee charged by PayPal is very low and it is very easy to link the bank accounts with a PP account. On the other hand, Libra is a new idea (although stolen from Bitcoin), and at least initially it may be a bit difficult to use (for those who have no prior experience with cryptocurrencies such as Bitcoin and Ethereum).

[clickerz]

Since there are many bussiness activities on facebook, I think people will prefer like to use libra because it can make transaction easier and faster. Facebook user face an obstacle in payment process so it seems that libra will solve this problem.

The question is why they should prefer Libra over Paypal or Visa. The fee charged by PayPal is very low and it is very easy to link the bank accounts with a PP account. On the other hand, Libra is a new idea (although stolen from Bitcoin), and at least initially it may be a bit difficult to use (for those who have no prior experience with cryptocurrencies such as Bitcoin and Ethereum).

The main advantage of Facebook Libra is its reach. Millions have a facebook account and even 20% will actively use this cryptocurrency from facebook, its a huge impact cannot be undermined. Adoption is real with facebook Libra and many will try even on the small transactions.

[Webetcoins]

To answer the question of whether we will use the stable Libra coin, you first need to wait for this coin to appear, see under what conditions it will be issued, who will support it and which states will prohibit its circulation on its territory, what its functional capabilities will be . Indeed, recently many financial partners have left this project, Zuckerberg even said at a meeting of the US Congress that Libra will not have anything to do with Facebook, and this greatly changes the original plans for this coin and its significance. One thing is clear: if Libra is released, as I now doubt very much, it will already be a completely different coin than planned and it will no longer have a significant effect.

Let's wait before we finally have a decision not to use it, for sure a lot of people are excited to use this, but we should be always reminded that it is not like Bitcoin who can pump and dump anytime, it's stable coin and it will be a big hit for mass adoption and that is for sure, whether we like it or not it is important that we should support them so that it can create awareness to all people.

Lets just no forget the massive security breach done by Facebook. It is not that old an issue certainly. Trusting such a person with our economy is not a good idea at all. Facebook is a good platform, hold to its vision of connecting people but it also broke trust of these people few times. Libra will become famous but it wont grab investors in abundance. But this way, masses will discover digital coins and invest in bitcoin.

[drachman]

In my opinion, the actions of Facebook were initially stupid since they announced the initially problematic project, because not only many governments of different states, but also many cryptocurrency users do not  approve such a project as Libra too much.  In any case, I had no particular desire to use Libra and therefore was not too upset that this project would not be launched.
The biggest thing that revolted me was that Facebook will have all the personal data of users and their data on financial transactions.

That was their goal, Facebook probably has the biggest collection of personal information among private institutions, but we know that the business of Facebook and many other similar companies is to monetize your information, and what can be better than to know in what you are spending your money, and the best way to know that is to create a centralized cryptocurrency of which they have complete control but now that governments have basically refused to support the idea Facebook will have to find another way to do it.

[rose9696]

I'd personally be using Libra a lot, especially since I work with Western Union and Transferwise a lot with people who aren't very into cryptos, which would be a perfect use case for Libra.

But unfortunately, things didn't work out as planned. everything about Libra is gradually becoming more ambiguous as Congress is increasingly putting pressure on them by enacting new laws and forcing them to follow that rule. I recently learned that Congress has asked the Libra project to make the coin users' identities and all their transactions transparent. This is like killing the business itself before it is born.

[befriendmywater]

I don't think I will use Libra coin in the future if it is issued. because facebook is free and only people who need ads pay for them. means that I don't need to use my libra and it has no effect in my work. so I still use USDT to trade.

[EdvinZ]

People will definitely enjoy using Libra. IT infrastructure of Facebook Corporation is huge, the company owns a number of popular Internet services, in addition to the eponymous social network. I am sure that it will be very profitable to use Libra coins. The company will most likely offer excellent conditions, bonuses and discounts for Libra users.

[asus09]

I would use Facebook coin Libra when have active for buying, but I am looking whit how interested by other investor with Libra coin, they like or not with Libra coin for investing. I think many people like for investing with Libra coin because have profitable and take much profit later, other side Libra coin have many participants before look interested and want to invest with bitcoin and altcoin.

[smyslov]

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

There's really so many controversy, that there's a possibility that it's not going to launch, the momentum is down, slim chance to launch, but if ever it get launch, we cannot say that it will not be embrace, we cannot say in finality that we will not use it, it's Facebook Coin, they have so many products and services attach to that coin, and if you are active online and running a business, chances are you will encounter Libra coin, and there could be a time that your only option to use.

[bettercrypto]

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

If there is no threat at our security, personal data and information, why not? I am also a big fan of Mark Zuckerberg and as a fb fanatic, I am not just a user of their platform but I will invest to libra as well. However, if there is anomaly nor controversy for the latter, I choose to avoid investing in libra.

[robelneo]

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

They have a Midas Touch, it seems anything they touch will turn to gold, they have a long plan and preparation for it, so they will not launch something that will look useless in the eyes of the people, we will never see the potential of one project if it's not yet promoted, once it is approved and they have the go signal, they will go full blast in promoting and launching a lot of products for their coin.

[naikturun]

Yes of course it would be easy for Libra because in backup by Facebook, in different with the project that has no backups of course people will doubt it apart from the Roadmap team and many more.
Whereas Libra, I think almost everyone around the world knows Facebook, so what makes you think people doubt it.

[huige007]

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

They have a Midas Touch, it seems anything they touch will turn to gold, they have a long plan and preparation for it, so they will not launch something that will look useless in the eyes of the people, we will never see the potential of one project if it's not yet promoted, once it is approved and they have the go signal, they will go full blast in promoting and launching a lot of products for their coin.

Like the games that we play on Facebook will start accepting payments in Libra and all the other money dealings will be actually carried out with the help of Facebook’s very own digital currency. The bill will be passed. The coin is highly centralized and utilizing it does not make sense at all. Anyone who loves his freedom and privacy, will invest in bitcoin or ethereum. But this kind is again a rare one.

[Vishnu.Reang]

Like the games that we play on Facebook will start accepting payments in Libra and all the other money dealings will be actually carried out with the help of Facebook’s very own digital currency. The bill will be passed. The coin is highly centralized and utilizing it does not make sense at all. Anyone who loves his freedom and privacy, will invest in bitcoin or ethereum. But this kind is again a rare one.

Even if they accept Libra, they will be accepting the other payment modes as well (such as PayPal, Visa, Master.etc). So my question is how they will make the users prefer Libra over the other options? Libra is a new payment method and at least initially the vast majority of the users may not be comfortable in using it. So unless they give some good promotional offers, no one is going to use Libra.

[Assface16678]

Like the games that we play on Facebook will start accepting payments in Libra and all the other money dealings will be actually carried out with the help of Facebook’s very own digital currency. The bill will be passed. The coin is highly centralized and utilizing it does not make sense at all. Anyone who loves his freedom and privacy, will invest in bitcoin or ethereum. But this kind is again a rare one.

Even if they accept Libra, they will be accepting the other payment modes as well (such as PayPal, Visa, Master.etc). So my question is how they will make the users prefer Libra over the other options? Libra is a new payment method and at least initially the vast majority of the users may not be comfortable in using it. So unless they give some good promotional offers, no one is going to use Libra.

The coin libra is just a plan from the founder of facebook, Mr.Zuckerberg. It was a good intention that they are trying to invest only for making their coins, if they release a reasonable market value of the libra, I think it may be accessible and becomes on the top three of all cryptocurrency. The libra will release this coming 2020, and if the bitcoin is not very stable on that kind of price, the community will try to invest in the libra is my prediction. I will try to invest in libra too because if it is profitable, why not to try? There is a lot of news update for the coming of the new coins if it will beat the altcoins or the king of the coins, the bitcoin.

[drachman]

Like the games that we play on Facebook will start accepting payments in Libra and all the other money dealings will be actually carried out with the help of Facebook’s very own digital currency. The bill will be passed. The coin is highly centralized and utilizing it does not make sense at all. Anyone who loves his freedom and privacy, will invest in bitcoin or ethereum. But this kind is again a rare one.

Even if they accept Libra, they will be accepting the other payment modes as well (such as PayPal, Visa, Master.etc). So my question is how they will make the users prefer Libra over the other options? Libra is a new payment method and at least initially the vast majority of the users may not be comfortable in using it. So unless they give some good promotional offers, no one is going to use Libra.

While at this point it should be obvious that the Libra project is never going to be released you are really underestimating the power that Facebook has, I'm pretty sure that the billions of people that are using Facebook every single day will have no problem using the Libra coin and adopting it just because Facebook is behind it, that is precisely the reason why governments refused to support the Libra project because they thought it was a legitimate threat to their power.