MrNice23 381 #1 Posted June 19 (edited) Here we are , Mark Zukerberg owner of Facebook is launching his "fb coin" called Libra. Well i'm not so excited by this new coin or token , i'm not sure it will be a good thing for crypto market especially for other altcoins that have less funds to advertise , promote and it will be hard to beat a group which has already a huge community , don't forget that apps like what's app, instagram are owned by Facebook... So guys and girls how do you feel about Libra - your participation will be much appreciated! Edited June 19 by MrNice23 Quote Share this post Link to post Share on other sites
DreamStage 138 #2 Posted June 19 Basically he wants to demand verification for Libra, so that all libra users will be well known =/ I do not like that at all since crypto currencies are all about being anonymous at first place. Also i read they want to have a stable value... No clue what kind of crypto is that at all lmao... 1 MrNice23 reacted to this Quote Share this post Link to post Share on other sites
Bimfo 128 #3 Posted June 19 Facebook always have a loop hole and our information is not always safe with it. It is so so annoying. There is no need for Mark to delve into the crypto world. He does everything solely for himself and trust me your funds will be monitored. All the transaction you make too will be monitored and that is not what the crypto world is all about. Overall, I don't think it is a great idea, and it will not be used by a lot of people because of the buts it comes with it. 1 MrNice23 reacted to this Quote Share this post Link to post Share on other sites
Eminx3 124 #4 Posted June 19 it think the whole idea of he coin is a joke in a way... alike as if they are missing out on aanything lol they are too big as it is... damn fb 1 MrNice23 reacted to this Quote Share this post Link to post Share on other sites
Kate 278 #5 Posted June 19 Good to hear this to be honest and it is being called Libra what a terrific and weird name which is best suited and cant wait for it to be officially acceoted in most of the places. 1 MrNice23 reacted to this Quote Share this post Link to post Share on other sites
DreamStage 138 #6 Posted June 20 (edited) You might consider reading this topic at Bitcointalk "Facebook coin Libra already targeted by US government":https://bitcointalk.org/index.php?topic=5155972.0 Also check replies and you will see how the community feels about it. Edited June 20 by DreamStage 1 MrNice23 reacted to this Quote Share this post Link to post Share on other sites
natypol 1 #7 Posted June 20 You probably know that Facebook prohibits most advertising activities and shares information related to Cryptocurrency. All ads are removed from FB by the command that the platform offers. So why did the FB create Libra? I don't believe in FB. Quote Share this post Link to post Share on other sites
MrNice23 381 #8 Posted June 20 What i can add to my opinion is that Mark Zukerberg the guy who banned crypto from his "social network" launching his libra token is just proving his hypocrisy but this is business , well he is smart. Quote Share this post Link to post Share on other sites
williamsh 286 #9 Posted June 20 A lot of people do not trust Facebook, but remember that they are one of 27 companies forming this coin. So I assume they will have 1/27 vote in decisions regarding this coin. So hopefully that gives all of you some peace of mind Quote Share this post Link to post Share on other sites
Kate 278 #10 Posted June 20 1 hour ago, MrNice23 said: What i can add to my opinion is that Mark Zukerberg the guy who banned crypto from his "social network" launching his libra token is just proving his hypocrisy but this is business , well he is smart. Well it isnt mark who might have done that because there can be other people who have done that since there are heads for every department to run the company so they might have done that. Quote Share this post Link to post Share on other sites
davincuy 205 #11 Posted June 20 i dont think that Libra cant defeated Bitcoin but there is an opportunity like the Libracoin will pumps up when it release since the owner was Mark Zuckerberg Quote Share this post Link to post Share on other sites
Kate 278 #12 Posted June 20 1 hour ago, davincuy said: i dont think that Libra cant defeated Bitcoin but there is an opportunity like the Libracoin will pumps up when it release since the owner was Mark Zuckerberg It is going to be a stable coin because why not ? They said that they are going to make it available as an option for payment around the globe so it should be stable. Quote Share this post Link to post Share on other sites
Kristoffff 227 #13 Posted June 20 Doubtful I will ever use it. I feel like I already gave out way too much info to facebook. Altough I have a facebook account but I rarely do antything there anymore, but I got a feeling they read the chats too lol. But as a way for adoption of cryptocoins it may be a good way for a huge population to get to know blockchain technology. Quote Share this post Link to post Share on other sites
hubinator 15 #14 Posted June 20 Pros: -stablecoin - good for merchants, cause price doesn't change from day to day so much -fast and small fees -easy conversion from any fiat to libra coin FB has 2.5 billion users. Plenty of people will hear about cryptocurrencies. It will be another reason for coming BTC pump. Coins: Libra is not decentralized coin (validators as master node) not anonymous in any way (FB see everything, who sent, who , how much, when, etc). If FB has this information, Government has it also. It's even not based on proper blockchain technology. Government has his fingers in it, by securing finance stability. Quote from whitepaper : Quote Libra’s value will be pegged to a basket of bank deposits and short-term government securities & kept in a Libra Reserve which would be responsible for the exchange between Libra coins & fiat currencies. So I will definitely not use this coin. Government has created new coin and make marketing using biggest social platform available. It's just against basic ideas of crypto currencies. Quote Share this post Link to post Share on other sites
UltraChief 1,205 #15 Posted June 20 The conglomerates of the world are trying to get their hands on crypto and use that for their own gain while banning the promotion of other crypto from their platform. A nice strategy indeed. Everybody should learn from them on how to market their organized scams. Quote Share this post Link to post Share on other sites
nuvong 1 #16 Posted June 20 FB created Libra has opened up a new opportunity for Cryptocurrency. With more than one billion users of this platform, access to Crypto is an opportunity when we will welcome a large number of new investors to join Crypto. FB is opening up opportunities for Bitcoin, and Crypto can develop after a long time without positive effects. Quote Share this post Link to post Share on other sites
DreamStage 138 #17 Posted June 20 8 hours ago, nuvong said: FB created Libra has opened up a new opportunity for Cryptocurrency. With more than one billion users of this platform, access to Crypto is an opportunity when we will welcome a large number of new investors to join Crypto. FB is opening up opportunities for Bitcoin, and Crypto can develop after a long time without positive effects. As just someone stated which i find odd to do: Facebook opens up with this Libra coin thing but you need to remember they were the ones causing panic to everyone who wanted to advertise... Just like Primedice had issues advertising it or any other crypto. Also you have the issue that it's going to be centralized thing =/ Quote Share this post Link to post Share on other sites
sheenaz.bay 378 #18 Posted June 21 if I personally, I just keep up with developments. Speculation of the development of digital coins is busy talking after last year Facebook appointed former PayPal executive David Marcus to explore opportunities for blockchain, a technology that supports cryptocurrency. Some outlets have reported that the company has built its own digital currency, where users can store, trade and exchange regular currencies, in part through Facebook applications including Messenger and WhatsApp. Quote Share this post Link to post Share on other sites
DreamStage 138 #19 Posted June 24 (edited) On 21/06/2019 at 06:54, sheenaz.bay said: if I personally, I just keep up with developments. Speculation of the development of digital coins is busy talking after last year Facebook appointed former PayPal executive David Marcus to explore opportunities for blockchain, a technology that supports cryptocurrency. Some outlets have reported that the company has built its own digital currency, where users can store, trade and exchange regular currencies, in part through Facebook applications including Messenger and WhatsApp. I also heard some of those specially coming from Pay Pal. Nevertheless it were just speculations and we really need to wait for the US Government to give a confirmation to Facebook for the Libra release. If Pay Pal and WhatsApp grab such that will be huge in terms of finnancial profit to them if they do tax it somehow. Edited June 24 by DreamStage Quote Share this post Link to post Share on other sites
Eminx3 124 #20 Posted June 24 (edited) On 19/06/2019 at 19:45, natypol said: You probably know that Facebook prohibits most advertising activities and shares information related to Cryptocurrency. All ads are removed from FB by the command that the platform offers. So why did the FB create Libra? I don't believe in FB. i think they started allowing crypto based ads again a little before the libra thing was released or announced.. i guess they did it to avoid criticism. Edited June 24 by Eminx3 added more to comment Quote Share this post Link to post Share on other sites
DreamStage 138 #21 Posted June 28 (edited) On 23/06/2019 at 22:11, Eminx3 said: i think they started allowing crypto based ads again a little before the libra thing was released or announced.. i guess they did it to avoid criticism. You can verify such statement on the following links: - https://dashnews.org/facebook-further-rolls-back-cryptocurrency-advertising-ban/ - https://www.vox.com/2018/6/26/17505876/facebook-cryptocurrency-ads-bitcoin-ico-ban-reversed - https://techcrunch.com/2018/06/26/facebook-reverses-its-crypto-ad-ban/ Edited June 28 by DreamStage Quote Share this post Link to post Share on other sites
