Would You Trust Libra Coin With Your Money?

[Shasha80]

Of course it's impossible for me to entrust the money I have to the Libra Coin. As we know, Mark Zuckerberg's track record is very
bad related privacy issues. Very risky in my opinion if we invest in libra coins, not to mention that it is still problematic with the american
government. I think it's better to invest in another place that is guaranteed the security of our personal data, so it's not need to worry
about privacy issues.

[1715413245]

1715413245

[1715413245]

1715413245

[1715413245]

1715413245

[1715413245]

1715413245

[1715413245]

1715413245

[BitcoinTurk]

Of course it's impossible for me to entrust the money I have to the Libra Coin. As we know, Mark Zuckerberg's track record is very
bad related privacy issues. Very risky in my opinion if we invest in libra coins, not to mention that it is still problematic with the american
government. I think it's better to invest in another place that is guaranteed the security of our personal data, so it's not need to worry
about privacy issues.

Certainly, both Mark Zuckerberg and all the companies he runs are always convicted of disclosing security and private information. Although he is very popular in the internet world and owns the world's most used social media applications, these are not enough reasons to trust him. I don't think that a person who sells people's private information and thoughts to other companies will use their money safely. I also think that the Libra project will not comply with the rules of the United States and may have some problems with the state.

[jakelyson]

If ever it gets rolled out, I believe it will make a good profit if you invest in it. But knowing the fact that investing in it will put my data and financial information at risk, then it is a big NO. My privacy is more important than the profit I can make from that coin.

[kro55]

I would trust Libra coin with my money. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure my money is not going to go anywhere!

I wouldn't trust Libra coin with my financial privacy. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure that my entire financial information with Libra will be shared to the regulatory bodies and enforcement agencies.

I hope you are getting my point!

Such projects have made fun of cryptocurrency. They are just destroying the principles of satoshi nakamoto. We really don't need such cryptocurrency that are backed by single authority. They jumped into crypto market to get there share. If we think Libra is fine as crypto currency then we don't need bitcoin and other decentralized cryptos.

[gospelzm]

I wouldn't put any trust in Libra, that's for sure. Look who's behind it - Zuckerberg, the person who gathered our personal info via Facebook, compromised our passwords and injected a specific piece of code into every image downloaded from FB servers. What can you expect from an asset launched by someone like that?

Maybe if for long-term investments that require storing Libra in the wallet is very dangerous "as you mentioned". But for short-trades it seems very profitable, considering the hype on this coin is very big. So just take advantage of this moment as possible.

No way! I don't care about the hypothetical profit I could get from it. I'm not using Libra by no means. That's my protest against Zucker and the like who f*ck with our privacy and get off scot-free.

[Kasabus]

If they will launch successfully and will be regulated, I am gonna trust them with my money.
There is no intention to invest from me since this is a stable coin but I will definitely try to use the platform as for sure a lot would try knowing their market influence.

[pidie]

I cannot yet fully trust Libra coins. because Libra coins have not been tested whether good or bad. moreover Libra coins have yet to be released. so, I think we are waiting for the launch first before we can draw conclusions about the Libra coins.

[Hallmader]

Should we keep on discussing Libra until now? I think the project is already dead for now. There is no more reason to extend the discussion of a project that we cannot see in the near future. It will be revived for sure. We will see how it will make its move in the next years to come. However, right now, it is effectively put to rest by the governments that do not want to see a major player that would be against their own objectives.

[bitcampaign]

unfortunately libra hasn't been released yet how will I see something great in their launch, isn't it they are stable like dollar value, I'm still waiting for this project in the end, next year they will release it, if YES of course we all know the real answer, we didn't know the libra project could be far greater than what we all think, so just being neutral just waiting until their launch to be able to gain the trust of people and their money

[naikturun]

If this Libra Coin need KYC before using then i think i will not trust this because there's a lot here without KYC still they are good already so better to use all of that than with KYC but i know some services here have KYC still they are trusted and popular so it depends in the developer of Libra Coin like if we are secure for using this then we can use this as a digital currency worldwide

KYC is a procedure of each project, so they do it to avoid cheating or anything that can be anticipated by KYC.
why do you doubt big projects like libra.
if it only aims to pump and dump, then you don't need to do it.
but this libra is different and has many partners

[tsaroz]

I might not need to convert my money to libra ever. I'm not an advertiser on the Facebook platform and I have plenty of stablecoins and asset backed coins to trade with. There are no direct benefits of using Libra. They would be as good as bonga tokens from the bongacam.

[marcous]

Until now there is no certainty about the launch of Libra. the truth is who the owner of the coin project does not necessarily make the coins reliable. Especially as we know that Facebook used to not support crypto but suddenly created Libra. I wonder if this will be manipulation in the world of crypto or not?

[Landak]

Libra really exists (still under development) but to trust libra as cryptocurrency, oh no no, let alone entrust my money to libra coin. Why does libra coin cause so much controversy? because people's trust in Facebook itself is now in doubt after being caught committing identity theft. And again, Facebook itself wants to create an independent libra not bound by the government but Facebook is under US law. and the last is the investors one by one began to leave Libra, meaning there was a distrust in the concept of libra itself.

[joshua123]

Until now there is no certainty about the launch of Libra. the truth is who the owner of the coin project does not necessarily make the coins reliable. Especially as we know that Facebook used to not support crypto but suddenly created Libra. I wonder if this will be manipulation in the world of crypto or not?

The only problem with Libra is the affiliation of Facebook which denied thr crypto in their social media in some while ago when he banned some crypto ads and now creating one? That's eating youre own pride for some hidden agenda. Maybe Libra has a good concept since its facebook owned but the trust of crypto enthusiasts destroyed by them how can they let the community trust them again?

[confreslamp]

Libra is going to push the whole industry forward and it does not matter if it is centralised or decentralised. This coin will draw a lot of new attention to crypto space and it is a very positive move science nothing changes for years.

[nicolas1979]

I sure about this but of course I'll take in the middle not the first time. We need track record before decide to join project, even Libra support by Facebook it doesn't mean can success. People will give trust because Facebook but not me because I know they have different purposes, system and strategy. Let see the progress and I hope it will positive impact into crypto market.

[sorrros]

Facebook is a big company so why you shouldn't trust them? In crypto we know, that private keys are important, but you have to look at Libra project as a centralized project - smotehing like a bank. And this bank will manage your finances.

[bitkanu]

Facebook is a big company so why you shouldn't trust them? In crypto we know, that private keys are important, but you have to look at Libra project as a centralized project - smotehing like a bank. And this bank will manage your finances.

it caused by some people are still feeling doubt about the facebook scandal. Remember about even a major company can be trusted. you must try to consider about the scandal that owned by the company. Facebook is a trusted company but it can't be 100% trusted by the users especially when it comes to manage your finance.

[cassavachips]

Since the beginning of the rumors that Facebook will launch the Libra project, I felt something negative about this project, and now it is proven that Libra project has been abandoned by many big investors such as Mastercard and others because there have been many contradictions from top US officials and other influential people.

[robelneo]

Others attacked Libra as an accumulation of corporate power. Economists cautioned that it might challenge the influence of countries over their own monetary policy, thus undermining democracy. And lawmakers and regulators around the world came together to say they would launch investigations or take action against the fledgling currency before it even started.

Read more DoggBitCoin.Com

These are all speculations, Facebook management already stated that they are going to comply, and follow all the regulations that regulators will impose, there are so many hypes on what Facebook coin is going to do, and what power they are going to yield, all these regulators must do is to implement a very strict regulation so Facebook will not yield so much power and will not become a threat.