Why I think Libra Coin will Win

[Possum]

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.

I made the mistake of arguing politics on Facebook.. When I join again its strickly cat photos and videos of swearing parrots.

[minairia3]

LIBRA coin will win because of its source and parent company facebook. They will make sure that this will be hit and may integrate somehow with facebook also. In that way, its fed into the people mandatorily.

Are you sure about that? Facebook is famous and known to be a big time in social media but crypto space is different than social. They can create a lots of news to trend but their Libra price will be depend on market where traders are the one deciding on it. So how come it will win based on its parent company?

[Possum]

Cheers everyone I really appreciate your opinion. The bitcointalk is awesome.

[mamahdedeh]

the victory of Libra Coin is to have a Facebook user community that has spread throughout the country, even Facebook is the largest social media in the world. With an interesting product service, I think it will be easier for Facebook to promote its products until they are delivered to consumers

[mandor]

it seems you must to explain about Libra will win, Libra will win against whom? Is it against Bitcoin? we still don't not know what surprise Libra coin will give in the coming year, but maybe Libra coin will be a coin that is worthy of use by many people because most people who will buy Libra coin come from the Facebook community. what will happen with Bitcoin after Libra coin is launched. i am very curious with about this.

[fuer44]

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.

I think this will be long, considering the American government still hasn't accepted Libra for their reasons. call it libra made with the same exchange rate as the dollar, as an online payment. it would indeed be a little bad for America because it could be that the dollar is no longer used if libra is really launched to the public and in fact it is.

[jazmuzika217]

I respect your opinion. But for me libra is not the right coin. You know why? I don't want to deal to coin or project that I know that it will not live long in this industry. All we know that libra or facebook is very popular so many problem and issue are going to come so I really don't know if libra can handle this kind of problem loke what bitcoin already done. Even so many problem that came it stays alive.

[Davian144]

the victory of Libra Coin is to have a Facebook user community that has spread throughout the country, even Facebook is the largest social media in the world. With an interesting product service, I think it will be easier for Facebook to promote its products until they are delivered to consumers

Right, and it can be seen from the development of Facebook in the last two years, now on Facebook there have begun to be many additional menus that are very useful for users, and that is very extraordinary, and if their coins are really there for cryptocurrency, then facebook's progress will also...

[XCANA]

Op has a point, but there is more to this for Libra to survive this regulatory obstacles. Somehow I read somewhere that; the Libra coin will be control in it totality by IMF which will make its not be able to utilize it potentials. These are many more challenges that the said coin will pass through before it will be accepted globally.

[target]

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.

Facebook is willing to negotiate and as far as I know they have now revise the whitepaper for the regulators to review again. There ain't no giving up there for Facebook and until they can lobby more lawmakers to side with them, Libra may just be making it to help the adoption. I wouldn't be using Libra if there is no need for me to. But this will open the eyes of the many people who are not even aware of BTC and other cryptocurrencies.

[Aabcde]

Very principled personal opinion. If indeed Libra can be free from existing problems today, I am sure that Libra will be very loved as a means of payment today. Although we can only make payments with other coins now. What is clear is that we just look at further developments and do not also close the possibility for other coins as utilities.

[LouVandetta]

All in all, regarding Libra Coin, we still gonna have to wait for no one knows until when the Coin allowed to launch.
Since like everyone of you already know of the fact that facebook won't launch its cryptocurrency until US Regulators approve of it. But I'm amazed about how hard facebook especially Mark tries his best to improve libra coin as to get the persimission from regulators and all.

I mean like, libra is one of the most anticipated cryptocurrency to be launched. And what OP have said has a point that cannot be ignored.
Eventually we will look for a coin that has a real use case and useful in many ways. But still, we won't gonna see it the near future it seems. Not until they solved the problems with regulation and everything.

[cryptoknightt]

people will buy libra and use it because they have good backups, the reputation is already very well known and they also have a lot of funds, so even if when selling coins they don't reach softcaps (though it is impossible) they will still be able to fund their own projects.
and also has many partners who are ready to join.
there is no reason to reject libra.

[adjed]

You forgot one very important thing... The Government likes to stay in control and one way to do that is to control money, but when this power is handed over to an individual or organisation that they don't control, them they start losing their power, imagine always having to ask for permission before they can review the financials of an individual... This is why I think that the Libra Cryptocurrencies might never be actualised, it would have been very popular and would have been used worldwide but the roadblocks it has to scale before it is launched are many and large.

[mrdeposit]

Libra Coin will Win

Think of the crypto instead of the paper money. The government has the money as a USD, but still, everyone prints their own money in their house, Facebook Telegram accepts their own money, not the USD. It does not sound right, does it? So do not be so believer.

Unlike you, I pay attention to decentralization, for me, it as the most valuable thing that crypto has earned us. It is possible to create a lot of things that can be used as payment, but as decentralized a few.

[crisanto01]

people will buy libra and use it because they have good backups, the reputation is already very well known and they also have a lot of funds, so even if when selling coins they don't reach softcaps (though it is impossible) they will still be able to fund their own projects.
and also has many partners who are ready to join.
there is no reason to reject libra.

It's too early for now tell that Libra will win when they haven't even launched yet and there are news that their investors, some of their team are backing out and they are delaying the launch, but once it is already launch for sure that it has a potential to adopt by people as they can see its potential as they already think that it is a legit one.

[darkangel11]

I don't like centralized company coins like Libra and I don't think it's going to win anything. Even if it gets approved by regulators it's not going to do anything good for Bitcoin and other cryptos.
To me Libra is all the things you don't want and those are centralization, vulnerability, connection with a company with a history of surveillance and leaks, KYC.

[Patatas]

Could you tell me what is the purpose of using a cryptocurrency which is regulated, controlled, tracked and disobeys all the laws of blockchain? That's Libra. You can say you're replacing fiat and that would make Libra a digital currency like Paypal etc and not a crypto. The moment people realize this, they will simply get back to fiat and avoid technical complications worth nothing.

[el kaka22]

I agree that what makes a coin good is the utility of it. Why do you think bitcoin is the most expensive coin (by means of market cap)? Because, it is widely accepted all around the world compared to all other coins. Even ethereum which is liked by millions of people is yet to reach the levels of bitcoin.

If one day Libra really comes out (I honestly think politicians of USA and everywhere else won't allow it to exist) they will have a super utility power and will be accepted in many places. Think about it, all you would have to do is open your facebook or whatsapp or instagram whatever account and send someone money right there in a second, that is a power you can't buy. So, I think if Libra happens it would be awesome in that regard but since it is ran by facebook there will be some bad parts too like no privacy of your accounts.

[cotton ball]

Libra become win coin if many because many investor have talk interested with Libra coin but when launching date is not know by any one else except Libra team still confused when their coin listed to public. I have bad thing maybe Libra become failed because most than last three months Libra still not launching to public because their reason not get permission from United State, available take care with permission needed three months?