Would You Trust Libra Coin With Your Money?

[starblocks]

Facebook's cryptocurrency project called Libra should be trustworthy in as much as it will probably be restricted to smaller transaction limits and be properly regulated, which should ensure consumers funds are safe and secure when using its payment network

[lighpulsar07]

Yes... I will trust my money in libra since it is made by facebook which is a huge company to begin with although it's quite a bummer since you will have to comply all the requirements to own one so, it's quite a hard to own unlike the other coins in top 10

[Colt81]

To be honest, I do not understand the essence of the issue. In my opinion, many people make the mistake of trusting their money to anyone.
What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.

Libra will no longer enjoy the tremendous trust of people. Their planned release met with such great resistance from states and regulatory bodies that it can be said that this coin is unlikely to ever be issued at all. In addition, at a meeting of the Congress in the United States, Zuckerberg himself was forced to declare that Facebook will not have anything to do with the Libra coin.
In addition, the United States and other leading states themselves already announce the creation of their national stable coins and, in my opinion, these coins will be more popular than the scandalous Libra.

I read a lot of issues about Facebook's Libra coin that it will be centralized and it will be a stable coin like USDT, that is why a lot of people has doubts investing their money in launching this coin. So i think Libra coin can be trusted with my money, but for sure my money will not have a good value because just what i have said it is a stable coin.

[romanij]

Since Libra is from Facebook and Facebook is already a trusted social media, so I think that it's fine to trust on Libra. But personally, I don't think I'll invest on Libra cause I prefer decentralized and Bitcoin more... Though I might still change my mind in the future...

 Investment has nothing to do with trusting the crypto coin. You don't need to trust the Libra Coin before investing in it.

I do believe that trust is still needed in investing. Because why would you invest on a coin you don't trust? Why would you risk your money on a coin you don't trust?

I do not understand what kind of trust can we talk about? You understand that Libra has not even been approved and implemented yet. And most likely it will not happen. He can't let that happen. And plus, many countries are very negative against Libra. We must understand that the promotion of cryptocurrency is everything! Especially for stabilcoins.

[shinratensei_]

For me personally, i can say yes if that doesn't need to require various requirements to use the stable coins. Im still using facebook right now maybe some people are getting affected caused by the facebook scandal will not use facebook again. Im using facebook products right now and it looks like still good enough to say yes for libra but not for all. just try to use libra to pay anything related to the facebook products.
But that will never come true caused by facebook digital payment will be coming soon. No future for libra.
As long as the libra can be fully audited and why not?

[meliodas]

I would rather put my money inside a bank with good reputation than to put it into libra coin which it has a lot of on going issue with the government. A successful social media platform company doesn't equal to a good digital currency creator. It is still better to risk my money in investing in bitcoin which it has a huge opportunity in the long run compare to libra coin that is a stable coin that will bring nothing to you after years of holding.

[ashmodeus]

of course , elite people will take action to something like that , but i am not stand for libra , i am just saying it's just a normal thing from institute institute in the world.
so what i do ? of course i cleary see libra is not worth for investement.
even i dunno what libra created for ? besides for to facilitate people in their daily lives, i dont see anything special from libra, hodl it ? nope.

[youdacapt]

I would rather put my money inside a bank with good reputation than to put it into libra coin which it has a lot of on going issue with the government. A successful social media platform company doesn't equal to a good digital currency creator. It is still better to risk my money in investing in bitcoin which it has a huge opportunity in the long run compare to libra coin that is a stable coin that will bring nothing to you after years of holding.

I am a little different, will test several times in the usage offered if it is proven, Facebook has brought many things that have changed the world so far, and of course this time will not be free of controversy. What we expect from everything that happens in crypto is the foundation to build trust and especially its strength in something called a working product.

[bgaf]

If Libra project pursue I'm pretty sure all those who comment that they not put their money on it will eat their pride. Why? Libra will probably be a hype coin and many wanted a hype project and will ride with it during trading. Dont you think it will not pump either once? Especially if the project has backed by conglomerate groups. I dont think so IMO.

[chaoscoinz]

100% absolutely because Libra is a project developed by Mark Zuckerberg, the face and creator behind Facebook the worlds largest social media platform. Mark was just a regular Joe who borrowed an idea
originally belonging to the Gemini twins of terror (Winklevoss bros.) and expanded upon it making it as of today a global phenomenon amongst every day social media usage. Facebook has partnerships with Occulus Rift, WhatsApp, and of course last but no least Instagram (for the babes).

[Reid]

Once I have heard this on the radio, it is when the time it is being hyped by news outlets all over the internet. The jockey explained it quite well and her final words were "Let us give it a chance".
I am not quite sure if she knows what she is talking about but it looks like to me like she is supporting it because of her usage in the Facebook application which also gives her more followers and to reach out for fans.

This is the problem with Libra. Some may be supporting it just because they love Facebook and they are connecting it quite well with it using all means possible in the internet specially facebook. There is hype and there is FUD for other other currencies.
To conclude it all, I just cannot trust it all with them.
They already have your profile if you are signed up with them. What else do you think they can do afterwards?

[educart]

Should we trust Facebook and buy a coin? Only if they can fulfill the requirements of regulators. Yes, PayPal and other companies left them. But it happened because of a crude project. Let them improve their offer and then it will be possible to evaluate them as a crypto coin.

[memedennis]

 Well every investment has to do with risk taking  , so investing in Libra coin will be just like taking another risk in crypto  which might pay. so i will invest. 

[hopenotlate]

I don't trust Facebook with my real details so I wouldn't trust them with my money either.
Adding to that it's supposed to be a stablecoin it's even less interesting than most of crypotcurrency imo.

So it's a no-no for me.

[purifymec]

Should we trust Facebook and buy a coin? Only if they can fulfill the requirements of regulators. Yes, PayPal and other companies left them. But it happened because of a crude project. Let them improve their offer and then it will be possible to evaluate them as a crypto coin.

Facebook wanted to popularize cryptocurrencies, but so far has done more damage to its image and the cryptosphere as a whole. People's trust must be earned wisely. You can learn cryptocurrency and loans even without Facebook. To do this, there is a taklimakan network platform where you immediately communicate with experienced traders and investors and get practical advice on working on the exchange. It would be convenient to receive and send crypto via social networks. But in the form of tokens, it certainly would not go beyond the platform. And Facebook conceived a whole means of payment. I’m more interested in the Telegram Gram coin project

Yes, the coin from Telegram looks attractive, especially against the background of the ban on transferring cryptocurrencies to wechat and the problems of the libra project. But I found out that, unlike PayPal, which does not want to service my card for the purchase of crypto exchanges, you can easily do it directly on the Skrill service.

it’s important to understand that Libra is no big threat to Bitcoin and other cryptos. But it is a threat to banks and central governments. It directly threatens their sovereignty and their control of the currencies. As we have seen in Europe and the USA, governments are not welcoming Libra. They are being very aggressive towards it. And in my opinion, Libra simply will never be allowed to see the light of day, unless banks and governments find a way to get complete control of it. So I think some of it’s investors are starting to see this, and pulling out.

[Doell]

I will not say believe or not on libra coin. because the assessment will be able to be answered when the libra project has started a sales session or their tokens can already be purchased. At the moment I don't assume anything about the Libra project. You need to know the Libra project is surrounded by many large companies and teams of experts in all fields.

yes agree it is still too early to believe or not believe however Libra has been supported by large companies so its likely that everyone will believe ,but time will prove it all maybe conflict might occur someday so I personally think neutral at this time keep waiting and not reckless

[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?

[duuuuude]

Trusting Libra aside I am not entirely sure if I would trust the system that would allow libra to exist.

Think about it, this is a USA based company (Facebook) that is creating a new type of currency in the said country yet the country allows them because exactly what? Because, they will get some for free? Because, they have something to look forward for it?

I feel like if Libra is allowed that means SEC or some other people above SEC got some incentives for it in return. No country from USA would ever get my trust if they require governmental help, government only allows if they also get something in return. So, it is not about Libra or Facebook for me, it is about USA government, if it was another nation I may have considered using it for at least test purposes to see how it works.

I absolutely agree with you. The system will inflate and spin up the project to the fullest, primarily for its own interests, so it’s hard to guess what will happen to the libra and all the news like - the European Union has limited the use of the libra coin, it can be regarded as another marketing move.

[ableh]

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.

[BitcoinTurk]

No, I don't trust the Libra project and I'm not thinking of investing. Although this project has received a lot of attention when it was first announced, it has lost its popularity and power, even though it has reached an agreement with very large partner companies. In addition, no new developments have occurred since the project was announced. For this reason, this project unfortunately did not win my trust. Particularly the partnerships that they have lost in succession, the fact that they are constantly postponed and that they face more problems with each passing day are very sufficient reasons not to choose this project. On the other hand, the fact that the project is connected to a central structure makes it repulsive.