Does Libra still pose a threat to Bitcoin?

[Kodaman]

Nothing can be a threat to Bitcoin. Period.

[1714018287]

1714018287

[prof7bit]

So far we have not heard of Libra's schedule, it seems that this project is being delayed for various reasons. And maybe it will never launch in this market, but if it is launched this year or the coming years I believe it will never affect Bitcoin. It will help many people know about Bitcoin and this market because Facebook has a large number of users

I do not understand how Libra can be a competitor to Bitcoin when it is not known when this coin will be born. I believe that Ethereum is much more competitive and threatens Bitcoin.

[atjiat]

I believe that the project Libra, even without a real purpose for this, is already actively positively affecting the entire cryptocurrency market.  Many countries, including the USA  spoke out negatively about this project and, in order to insure themselves, they have long made decisions in order to regulate the blockchain industry.  And this is what already gives certain guarantees for investors, because it is in this situation that investing in
 cryptocurrencies becomes safer than before.  Thus, the libra project is already having a positive effect on the cryptocurrency market, even though it has not yet been implemented.

[Bitstar_coin]

I believe that the project Libra, even without a real purpose for this, is already actively positively affecting the entire cryptocurrency market.  Many countries, including the USA  spoke out negatively about this project and, in order to insure themselves, they have long made decisions in order to regulate the blockchain industry.  And this is what already gives certain guarantees for investors, because it is in this situation that investing in
 cryptocurrencies becomes safer than before.  Thus, the libra project is already having a positive effect on the cryptocurrency market, even though it has not yet been implemented.

Libra has to escape all the legal infringements around its neck to see the light of the day. A US Senator already told Libra team.that it would still.be treated as a security on hearing that Libra plans to build and develop on existing top stable coins in the market to gain grounds. Hopefully, they will find a way into crypto because the market could really use some boost

[Daniel91]

Thank you for your thoughts.
I also don't think Libra will become any serious threat to bitcoin.
About Libra we have had an interesting discussion in my local section of the forum before and browsing this topic I have encountered this very interesting news: https://bitcointalk.org/index.php?topic=5192802.0
Summary of the article:
The FB currency is a near-collapse project because all the big financial investors, like Visa, Mastercard, Paypal, Ebuy etc. have retreated.
The main problems that caused this were the expected, money laundering, security, personal data Protection etc. and the FB appears to have failed to convince regulators that these issues have been  successfully resolved.
So, for now, it's probably not the main question of whether they can become serious competition for bitcoin, but whether they can even get started this project?
What do you think?

[Bitstar_coin]

Thank you for your thoughts.
I also don't think Libra will become any serious threat to bitcoin.
About Libra we have had an interesting discussion in my local section of the forum before and browsing this topic I have encountered this very interesting news: https://bitcointalk.org/index.php?topic=5192802.0
Summary of the article:
The FB currency is a near-collapse project because all the big financial investors, like Visa, Mastercard, Paypal, Ebuy etc. have retreated.
The main problems that caused this were the expected, money laundering, security, personal data Protection etc. and the FB appears to have failed to convince regulators that these issues have been  successfully resolved.
So, for now, it's probably not the main question of whether they can become serious competition for bitcoin, but whether they can even get started this project?
What do you think?

That is just the right question. And from all indications, after updating their whitepaper, they are trying hard to take off but hindrances from SEC seems a little bogus for them at the moment. You can read a congresswoman thought on Libra launch here: https://cointelegraph.com/news/us-congresswoman-vows-to-brand-facebooks-libra-a-security-despite-todays-updates?utm_source=Telegram&utm_medium=social

[tabas]

It has been delay for so long that everyone has been waiting for the launch. We don't know when it will be allowed to launch by their own government and the rest will just follow.

So, for now, it's probably not the main question of whether they can become serious competition for bitcoin, but whether they can even get started this project?
What do you think?

It will be a stable coin and I don't see any threat or competition for it.

[foxdice]

libra is centralized...it's totally different, there is no room for comparison.

[Nasonn]

Is Libra project still live? No project can pose as a threat to Bitcoin given all that Bitcoin has been able to achieve. Libra is centralized and will strictly follow some laid down rules Bitcoin is not centralized and not government by any rule whatsoever.

[tvplus006]

...
I haven't searched the internet about Libra lately.  Has there been any news or developments?

On April 16, the Libra Association updated its White Paper outlining the Association's new plans. The Cover letter shows the main changes: https://libra.org/en-US/white-paper/ Instead of to Libra, national stablecoins will be released, such as LibraUSD, LibraEUR, LibraGBP and others. In addition, the document focuses on the security of the Libra payment system.