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JohnTravel

Facebook Should Add Bitcoin, Not Create Libra

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Through an interview with Noded Bitcoin on the podcast on October 11, US Republican Warren Davidson said facebook should add Bitcoin (BTC) to its portfolio rather than create a new currency like the Libra, in which one of The arguments are about possible filtered transactions or freedom of transaction, meaning Libra creates an antagonistic process with respect to distributed ledgers and decentralized cryptocurrencies, and has intensified its desire to repress space more broadly.

For more information see:https://cointelegraph.com/news/us-congressman-facebook-should-add-bitcoin-not-create-libra?fbclid=IwAR0BFADyYj2_0LP6Io3A9ptmhcHxGBKWDVf-UQxeMEqjvFG8hjQ7TfsYjqI

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well, facebook wants always to be creative, they would rather to create their own thing ( or copy any feature with some updates ) instead of adding an usual thing, they wont add bitcoin, they think their libra coin will beat the bitcoin, and i'm afraid they are right, facebook is the number one site and launching their own cryptocurrency may destroy the btc market ! anyway, lets wait and see what could possibly happen.

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3 hours ago, Chikou1306 said:

. . . snip. .. .

, facebook is the number one site and launching their own cryptocurrency may destroy the btc market ! anyway, lets wait and see what could possibly happen.

A good competition may totally disrupt btc markets but to have a competition in the scale of what facebook can offer, there might be good ideas that would come along with Libra. I'm not against btc also not against new ideas.

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4 hours ago, CaptainLorca said:

Hmmm.. I believe Libra got cancelled?

I don't know, but from what I have noticed congresses are going for it, or all of this is just to add extra charm and attention.

I have noticed that some are questioning this because it is the reverse of currency as it centralizes power in the hands of a large company rather than maintaining the decentralized scheme pattern.

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On 18/10/2019 at 20:41, JohnTravel said:

Through an interview with Noded Bitcoin on the podcast on October 11, US Republican Warren Davidson said facebook should add Bitcoin (BTC) to its portfolio rather than create a new currency like the Libra, in which one of The arguments are about possible filtered transactions or freedom of transaction, meaning Libra creates an antagonistic process with respect to distributed ledgers and decentralized cryptocurrencies, and has intensified its desire to repress space more broadly.

For more information see:https://cointelegraph.com/news/us-congressman-facebook-should-add-bitcoin-not-create-libra?fbclid=IwAR0BFADyYj2_0LP6Io3A9ptmhcHxGBKWDVf-UQxeMEqjvFG8hjQ7TfsYjqI

I think this is the whole point of them creating their own coin as opposed to adopting one for use thats already been built. They're able to centralize its use while still getting the other positive properties that cryptocurrencies have over traditional banking in such an environment. Will prob be a decent coin to invest in if youre into that sort of thing, however do know that by investing in a coin you're supporting their cause. If thats something that matters to you. 

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On 02/11/2019 at 02:59, iulianbutanu said:

No, the point is that they want to control everything. This is the reason, nothing more. Damn Zuckerberg, that guy is a maniac.

Pretty much this.  The battle plan is always to strip competition of any standing platform and then add ways to spy on the customer.  It would be one of those coins that has connections for companies to track users in a fashion that would bring in major profit for Facebook.  There is also the aspect where he wants to get back at the twins and cost them some heartache.

Libra group fell apart but its not dead, just on the backburner for now.  They have their fingers in a lot of pots right now and continue to tentacle out into the webs.

Facebook and bitcoin would be a bad connection as well.  We would face more restrictions as they attempted to control aspects that government frowns on.

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On 19/11/2019 at 10:00, Huggies said:

Pretty much this.  The battle plan is always to strip competition of any standing platform and then add ways to spy on the customer.  It would be one of those coins that has connections for companies to track users in a fashion that would bring in major profit for Facebook.  There is also the aspect where he wants to get back at the twins and cost them some heartache.

Libra group fell apart but its not dead, just on the backburner for now.  They have their fingers in a lot of pots right now and continue to tentacle out into the webs.

Facebook and bitcoin would be a bad connection as well.  We would face more restrictions as they attempted to control aspects that government frowns on.

Ye and unfortunately we can't do anything about it. But as lately lots of governments think about doing e-money.  for example eu commision thinks about e-euro and so on. At a moment maybe we will even be able to deposit here with e-usd or e-euro

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