Why I think Libra Coin will Win

[Possum]

Hi

Firstly I would like to say I don't care about one coin from another. All I want is utility. I want to be able to pay someone for services rendered.

THAT'S ALL I CARE ABOUT.. I have no loyalty to any coin.

I don't have a Facebook account. But I'm going to get one because of Libra.

I see a business opportunity with Libra and that's that. Some business opportunity bear fruit some don't. You could say that's my own business which I'm not going to discuss here.

OK.. Why will Libra be a game changer.

Because over night millions of people who have no understanding of coins are suddenly going to. And developers are going swarm to Libra..

AND PEOPLE ARE GOING TO ACTUALLY USE LIBRA.


Let me ask you this, do you actually use a coin? Do you ask for a service and pay for that service or product with any coins. I would bet you don't. Some may. And good on them. But the vast majority here ( bitcointalk ) don't. ( I maybe wrong)

But people are going to use Libra. Its not investment. Its a tool. A stable tool.

That other day I used Iota as a tool. And it worked for me. I asked for a service and received a service. And I payed for that service in Iota.

https://bitcointalk.org/index.php?topic=5207820.msg53286995#msg53286995


I was lucky, I found a person with a skill set and the ability to accept payment in the currency I had. Iota...

Soon millions of people with  the skill set I need will be able and willing to accept payment from me.

Libra may not be a game changer for you. But it is for me.

[hello_good_sir]

My question to you is: Will regulators actually allow Libra to establish themselves, let alone succeed?

I think that if you have any sort of sense the answer to that question is no. The federal reserve has already shown that they are quite unwilling to let go of the control that they have over monetary policy to a private industry, especially one the size of Facebook.

It's not that Libra can't succeed, but it's just very difficult to do so.

[Possum]

The sad part of your comment is that you have a point. A very good point.

Just a wee quote

You may say I`m a dreamer; but I`m not the only one.

Also what you say applies to any other coin, if that coin were to become ubiquitous

[andika2018]

Libra might look good because it is supported by the largest social media in the world with the largest number of members. But right now Libra is still facing regulatory constraints and I think this process will take a long time because it involves the monetary system adopted by America and the world.

[nicolas1979]

Win against who or what, your question is not complete. Every coin has chance to survive but Libra need hard work, their government still not agree to release Libra in public, they worry Libra value will destroy another financial instrument that can give bad impact into their economy.

[Rodeo02]

Libra might look good because it is supported by the largest social media in the world with the largest number of members. But right now Libra is still facing regulatory constraints and I think this process will take a long time because it involves the monetary system adopted by America and the world.

And they have free advertisement from thier own social media which is good for maketing and to increase adoption in public using that marketing.
In terms regulatory they need to fix some issue first before they can fully launch it to public.

[BlackFor3st]

Hi

Firstly I would like to say I don't care about one coin from another. All I want is utility. I want to be able to pay someone for services rendered.

THAT'S ALL I CARE ABOUT.. I have no loyalty to any coin.

I don't have a Facebook account. But I'm going to get one because of Libra.

I see a business opportunity with Libra and that's that. Some business opportunity bear fruit some don't. You could say that's my own business which I'm not going to discuss here.

OK.. Why will Libra be a game changer.

Because over night millions of people who have no understanding of coins are suddenly going to. And developers are going swarm to Libra..

AND PEOPLE ARE GOING TO ACTUALLY USE LIBRA.


Let me ask you this, do you actually use a coin? Do you ask for a service and pay for that service or product with any coins. I would bet you don't. Some may. And good on them. But the vast majority here ( bitcointalk ) don't. ( I maybe wrong)

But people are going to use Libra. Its not investment. Its a tool. A stable tool.

That other day I used Iota as a tool. And it worked for me. I asked for a service and received a service. And I payed for that service in Iota.

https://bitcointalk.org/index.php?topic=5207820.msg53286995#msg53286995


I was lucky, I found a person with a skill set and the ability to accept payment in the currency I had. Iota...

Soon millions of people with  the skill set I need will be able and willing to accept payment from me.

Libra may not be a game changer for you. But it is for me.

We have different goals and would like to achieve in our life, if Libra can really help you then you will surely use and support it but for others that cannot gain a positive outcome to it then they will not care a little about Libra coin. That how the community works even in crypto community therefore it is about what can Libra gives to it's customers in order for the customers to use and hold Libra coin.

If they can give a satisfaction to the users then Libra coin will become successful but if Libra cannot give what the people wants then it is useless also especially if other crypto currencies can provide it.

[zhekinsp]

FYI,Mark Zuckerberg has regulatory issues on launching their project such as governments like USA and France has against that project maybe this will happen with the remaining governments as well so the launch will take too much time from now until that why not try any other untility coins which is something not controlled by anyone?

Why you are so much interested on Facebook's lira project when you don't even have an account there?

[VanDeinsberg12]

The sad part of your comment is that you have a point. A very good point.

Just a wee quote

You may say I`m a dreamer; but I`m not the only one.

Also what you say applies to any other coin, if that coin were to become ubiquitous

None said you as a dreamer but just try to realize the fact of libra will become a reality in the future.

https://www.tradersbible.com/news/markets/facebook-shifts-focus-from-libra-to-new-payment-service

that's a new step that has already created by facebook. i think facebook has been doing the right choice, facebook needs to avoid the regulators by create another way to issue the same service.

The worst part in the economic system when anything controlled by the regulators.

[knuckey]

If you talk about utilities and will pay someone for his services, then there are many people willing to accept with any coin, even they also accept paypal. But here discuss about a currency that can be owned without identity, self-controlled or not centralized. All these things are already owned by Bitcoin, don't you know and turn a blind eye to the use of Bitcoin from real use? Because there are many people, communities, shops, e-commerce, companies or anyone who can be paid Bitcoin for services and other things.

If we talk about libra, it's clear we know of the policy and regulatory issues of the government there that prohibit crypto and its derivatives, including libra. We can dream, but if we continue to sleep and have not yet woken up (libra launched) then it is impossible for the dream to come true.

[BChydro]

Firstly I would like to say I don't care about one coin from another. All I want is utility. I want to be able to pay someone for services rendered.

There is no need to have any affinity towards any particular coin and no one in the market will invest because of a particular coins simply because the name looks cool, you need to have some form of utility and profit if you are holding your value in it and that is why everyone invest in bitcoin and some in altcoins thinking that they could get any sort of benefit.

I have no loyalty to any coin.

You do not need to and if anyone say so they are getting some sort of benefit from it.

I don't have a Facebook account. But I'm going to get one because of Libra. 

You do not need to create a facebook account if you are planning to use their centralized coin as they will have a separate wallet for it .

[Amel]

FYI,Mark Zuckerberg has regulatory issues on launching their project such as governments like USA and France has against that project maybe this will happen with the remaining governments as well so the launch will take too much time from now until that why not try any other untility coins which is something not controlled by anyone?

Why you are so much interested on Facebook's lira project when you don't even have an account there?

In my opinion, @OP looks more at the opportunity side, as we know that Mark Zuckerberg has appeal in every platform he has developed and so far his platform has been a huge success. I'm sure @OP also thinks of opportunities like Mark Zuckerberg did, although Libra is still faced with regulatory issues, but I'm sure when Libra is able to overcome it all, soon this coin will develop rapidly.

[ajiz138]

Libra still has to face American regulations because it is feared that libra will damage the financial order in America. Libra has a lot of support but it still needs official regulations to make libra public. Libra still has to fight again.

[boris singer]

Libra still has to face American regulations because it is feared that libra will damage the financial order in America. Libra has a lot of support but it still needs official regulations to make libra public. Libra still has to fight again.

My little thought is that if libra only agrees to use USD as a global guarantor reserve, this will actually be useful, especially because the centralized system can continue to progressively make policies so that all supply and demand can be controlled, this will be the same as what the USDC does, if it works and continues to grow, the application of libra will actually be very difficult if implemented outside the United States, not inside.

[yohananaomi]

Hi

Firstly I would like to say I don't care about one coin from another. All I want is utility. I want to be able to pay someone for services rendered.

THAT'S ALL I CARE ABOUT.. I have no loyalty to any coin.

I don't have a Facebook account. But I'm going to get one because of Libra.

I see a business opportunity with Libra and that's that. Some business opportunity bear fruit some don't. You could say that's my own business which I'm not going to discuss here.

OK.. Why will Libra be a game changer.

Because over night millions of people who have no understanding of coins are suddenly going to. And developers are going swarm to Libra..

AND PEOPLE ARE GOING TO ACTUALLY USE LIBRA.


Let me ask you this, do you actually use a coin? Do you ask for a service and pay for that service or product with any coins. I would bet you don't. Some may. And good on them. But the vast majority here ( bitcointalk ) don't. ( I maybe wrong)

But people are going to use Libra. Its not investment. Its a tool. A stable tool.

That other day I used Iota as a tool. And it worked for me. I asked for a service and received a service. And I payed for that service in Iota.

https://bitcointalk.org/index.php?topic=5207820.msg53286995#msg53286995


I was lucky, I found a person with a skill set and the ability to accept payment in the currency I had. Iota...

Soon millions of people with  the skill set I need will be able and willing to accept payment from me.

Libra may not be a game changer for you. But it is for me.

We have different goals and would like to achieve in our life, if Libra can really help you then you will surely use and support it but for others that cannot gain a positive outcome to it then they will not care a little about Libra coin. That how the community works even in crypto community therefore it is about what can Libra gives to it's customers in order for the customers to use and hold Libra coin.

If they can give a satisfaction to the users then Libra coin will become successful but if Libra cannot give what the people wants then it is useless also especially if other crypto currencies can provide it.

all can determine for themselves what they feel is best, of course with existing criteria such as whether it can provide a positive thing for yourself and many people. Likewise with libra, I agree with you that whether libra really can help will automatically be used by you, but on the contrary there will be rejection if it does not affect you. as long as libra will benefit by itself will be sought and used but if not then by itself will not be useful.

[chaoscoinz]

Hi

Firstly I would like to say I don't care about one coin from another. All I want is utility. I want to be able to pay someone for services rendered.

THAT'S ALL I CARE ABOUT.. I have no loyalty to any coin.

I don't have a Facebook account. But I'm going to get one because of Libra.

I see a business opportunity with Libra and that's that. Some business opportunity bear fruit some don't. You could say that's my own business which I'm not going to discuss here.

OK.. Why will Libra be a game changer.

Because over night millions of people who have no understanding of coins are suddenly going to. And developers are going swarm to Libra..

AND PEOPLE ARE GOING TO ACTUALLY USE LIBRA.


Let me ask you this, do you actually use a coin? Do you ask for a service and pay for that service or product with any coins. I would bet you don't. Some may. And good on them. But the vast majority here ( bitcointalk ) don't. ( I maybe wrong)

But people are going to use Libra. Its not investment. Its a tool. A stable tool.

That other day I used Iota as a tool. And it worked for me. I asked for a service and received a service. And I payed for that service in Iota.

https://bitcointalk.org/index.php?topic=5207820.msg53286995#msg53286995


I was lucky, I found a person with a skill set and the ability to accept payment in the currency I had. Iota...

Soon millions of people with  the skill set I need will be able and willing to accept payment from me.

Libra may not be a game changer for you. But it is for me.

Libra is set to revolutionize the adoption of cryptocurrency. I think this is one of the most riskiest but straight forward approach by a social media corporation to jump head first into a new financial tech innovation. To dive right into a sea made up of heavily grey areas of law, but risk being the first to navigate such a frontier and possibly come out on top! Facebook is poised to be the 1st of it's kind to try and capture the new crypto market by the balls. If Facebook could pull it all off with Libra, the world would be educated in and utilizing cryptocurrency.
  As of right now, I couldn't explain simply the Blockchain and cryptocurrency to my grand parents if I tried. But if their favored congressman or celebrity/social influencer promoted it, they would be ecstatic. I believe that Facebook has this kind of influence and pull over the people on a global scale. How many women use Instagram or WhatsApp? How many people will use the Occulus rift once it works out all of it's kinks? Facebook is is heading in the right direction God speed!  

[Eclipse26]

Well I'm a little bit shocked that there's actually someone who doesn't have facebook... I mean, I bet you know a lot about technology yet you don't have facebook. Because even non-techy and older people are trying to fit in the mainstream that's why they also have Facebook. But I'm not against you having no Facebook. I'm just saying my first impression... But with regards to your view about Libra, I respect that. It's your own perspective and opinion about Libra so I wouldn't stop nor go against you. But personally, I'm not against Libra but I just don't feel the hype about Libra. Maybe I might also end up using it in the future but it still depends on the situation.

[Oneandpure]

My question to you is: Will regulators actually allow Libra to establish themselves, let alone succeed?

I think that if you have any sort of sense the answer to that question is no. The federal reserve has already shown that they are quite unwilling to let go of the control that they have over monetary policy to a private industry, especially one the size of Facebook.

It's not that Libra can't succeed, but it's just very difficult to do so.

Last days I got source link website give information about Libra coin have hot permission from United State government to allowed Libra become legal investment coin, I don't know is true information or not because until today look not update information about Libra coin, maybe some one want to give effect for bitcoin become higher price because by allowing Libra as legal investment and assets transaction bitcoin will grow up.

[Beparanf]

Well I'm a little bit shocked that there's actually someone who doesn't have facebook... I mean, I bet you know a lot about technology yet you don't have facebook. Because even non-techy and older people are trying to fit in the mainstream that's why they also have Facebook. But I'm not against you having no Facebook. I'm just saying my first impression... But with regards to your view about Libra, I respect that. It's your own perspective and opinion about Libra so I wouldn't stop nor go against you. But personally, I'm not against Libra but I just don't feel the hype about Libra. Maybe I might also end up using it in the future but it still depends on the situation.

I don't think there is a need for Libra as well for Facebook. Though we can be updated in Facebook but most often we can only see fake news or some dissaponting news too. I prefer to socialised personally as much as possible. I only use Messenger than Facebook and I think Libra is a no need for cryptocurrency market too.

[o48o]

"Win"? It hasn't even launched and probably doesn't even get to do that. Not until the government gets it to comply on making it their own Orwellian tool of control and surveillance.
And they can and will control it as it's not permissionless in any way.