Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Stuart on June 21, 2019, 02:34:32 PM
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This isn’t a coin that you buy because you think it will grow 100 times as valuable. It’s more like exchanging a dollar for a Euro.
If Libra is like exchanging USD to EUR, what about the exchange rate, will there be a transaction fee? Cause USDT is good enough for this in the crypto system.
Do you see something more special in Libra?
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The only thing that makes Libra noticeable is that it's backed by a lot of well known investors and hence more reliable than other stable coin like USDT. Other than that, a huge number of user and wide range of marketing are some of its advantages. Technique wise, Libra won't contribute anything to crypto world.
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The only thing that makes Libra noticeable is that it's backed by a lot of well known investors and hence more reliable than other stable coin like USDT. Other than that, a huge number of user and wide range of marketing are some of its advantages. Technique wise, Libra won't contribute anything to crypto world.
Investor support is a temporary and unreliable business. To be special, the scales must show their special functionality, and given that this is one of the stable coins, its special and reliable provision. So far, except for the hype near this coin, I do not see anything special.
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At this point, I really do not see anything special with Libra. When I first heard about this global coin, I'm also one of those who thought this will help crypto grow even more. But now I doubt it will really help crypto. To be specific, they do not really care about other crypto.
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I do not see any specific features of the Libra coin. This stable coin is provided with four currencies at once - dollar, euro, pound sterling and yen. However, many stable coins are provided with different currencies. What else will this coin look different in the course of working with it.
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Libra has done some good things for the Crypto Community.
1. Facebook has a pretty huge user-base, so its free advertisement for the Crypto community. Many weren’t aware of Crypto before the announcement of Libra. Libra might increase Crypto adoption.
2. Libra has forced Governments to take a stance regarding Crypto Regulation. If you had noticed, US and EU regulators have already expressed resistance towards Libra. Before Libra, the Government has mostly been ignoring cryptocurrency.
So, Libra has put Crypto in the minds of almost everyone in the world. But, will I be using Libra when it rolls out in 2020, is yet another question.
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For me I don't think there's something special about Libra apart from the name and the influence it carries because of the CEO of the Libra project I can say that Libra project is unique in his own way because it's a stablecoin and the tension the project has cause in the cryptocurrency industries since Facebook announces that he's bringing his own stablecoin Name Libra cryptocurrency project.
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1. Many weren’t aware of Crypto before the announcement of Libra.
Do you have any kind of data that this statement? How many no coiner facebook users actually know Libra? If they've heard it, how many of them know about cryptocurrency?
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At this point, I really do not see anything special with Libra. When I first heard about this global coin, I'm also one of those who thought this will help crypto grow even more. But now I doubt it will really help crypto. To be specific, they do not really care about other crypto.
There will be something very special in Libra - it will be the first cryptocurrency of the social net. Probably, later, other popular nets will follow the example of Facebook and create their crypto.
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If the concept of Libra is like a stable coin, then I think it is not a good coin for investment or trading. It means there is a chance for high move in its price because the volatility will be very low. In this point, I assume Libra has no special thing to be a trading and investment asset.
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Yh, hmm not really is just the fact that is backed up with many investors, not only investors reliable one that just give it special uniquenes i.e ready made well know people and investors
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There is nothing special with Libra coins, they will provide convenience for all users with this coin, the concept is almost the same as a stable coin but with the support of many large companies such as eBay, Paypal, and Coinbase, this coin will really compete with conventional currencies.
I do not think to invest in the long term at this coin if the goal will be the same as USDT and other stable coins
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Libra has done some good things for the Crypto Community.
1. Facebook has a pretty huge user-base, so its free advertisement for the Crypto community. Many weren’t aware of Crypto before the announcement of Libra. Libra might increase Crypto adoption.
2. Libra has forced Governments to take a stance regarding Crypto Regulation. If you had noticed, US and EU regulators have already expressed resistance towards Libra. Before Libra, the Government has mostly been ignoring cryptocurrency.
So, Libra has put Crypto in the minds of almost everyone in the world. But, will I be using Libra when it rolls out in 2020, is yet another question.
On the other way round, the backers of Libra coin invest $10million for the develoent of this project. How many crypto investors will be able to put in such an amount into a project?
Crypto currencies has been well heard by the government of the world for a time now (even before 2017), and they where only seeing it as a threat to the economy of the nation. USDT became a stable coin, well used for trading in the crypto exchanges today, what will be the price of Libra when its being listed, what will be its better features to the crypto market.
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This isn’t a coin that you buy because you think it will grow 100 times as valuable. It’s more like exchanging a dollar for a Euro.
If Libra is like exchanging USD to EUR, what about the exchange rate, will there be a transaction fee? Cause USDT is good enough for this in the crypto system.
Do you see something more special in Libra?
One thing of note about Libra is that its being backed by these founding members that include Mastercard, PayPal, Stripe, Visa, eBay, Facebook, Lyft, Uber, Spotify, Andreessen Horowitz, Vodafone Group, Kiva, Mercy Corps, Women's World Banking and more.
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That is true. Its a stable coin however it brings impact to the crypto world just like we did in this rally. I think even if that there is no special about it, the fact that the big institutions are using it for mass adoption and this is really a good news.
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There is definitely a transaction fee but we cannot know how much the transaction costs are emphasized by the Libra coin.
In my opinion, Libra coin is very good because it has full support from UBER, VODAFONE and COINBASE.
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In my opinion, Libra coin is very good because it has full support from UBER, VODAFONE and COINBASE.
Yes, it is a good coin, no one stated it is a bad coin. Libra is absolutely supported by best platforms, it is undoubted that Libra has something interesting. As we know, Libra is a coin created by FB, it should be a special coin.
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1. Many weren’t aware of Crypto before the announcement of Libra.
Do you have any kind of data that this statement? How many no coiner facebook users actually know Libra? If they've heard it, how many of them know about cryptocurrency?
Personally, most of my no-coiner friends who were calling me crazy for investing in highly unstable crypto market, have now been asking me for investment advice after Libra.
Have a read at this articles -
1. https://www.forbes.com/sites/panosmourdoukoutas/2019/06/22/libra-could-make-or-break-bitcoin/amp/
2. https://zycrypto.com/binance-ceo-cz-who-said-libra-is-bad-for-crypto-lets-get-everyone-in-first/
You want stats? Here you go -
The highest daily volume recorded for bitcoin during the Bull run in 2017-18 was 24 billion. On June 27th 2019, the daily volume has rose to 46 billion. Where do you think the volume surge came from? That's fresh money flowing into the market. You can verify it in coinmarketcap.com
So yeah many weren’t aware of Crypto before Libra. Even if they didn't hear about it before, they weren't ready to invest. But now I believe things have changed.
Heard of Crypto is completely different from Aware of Crypto.
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Do you see something more special in Libra?
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Its not more than as a stable coin .So i am not still watching any special feature yet .But hopefully they will come up with a great surprised which will be special from others.
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This isn’t a coin that you buy because you think it will grow 100 times as valuable. It’s more like exchanging a dollar for a Euro.
If Libra is like exchanging USD to EUR, what about the exchange rate, will there be a transaction fee? Cause USDT is good enough for this in the crypto system.
Do you see something more special in Libra?
All these are backers to the Faceboprotection, and to make it expensive to users of crypto.
One thing of note about Libra is that its being backed by these founding members that include Mastercard, PayPal, Stripe, Visa, eBay, Facebook, Lyft, Uber, Spotify, Andreessen Horowitz, Vodafone Group, Kiva, Mercy Corps, Women's World Banking and more.
These are different companies/bodies that are backing up the Facebook Libra coin project. What will be the effect that this coin (Libra) will offer to the development of crypto currency? It has been said that it is a stable coin, there has been lots of other projects that deals with security in crypto and when it comes to security, Facebook has some loops in personal data protection.
Let's believe that Facebook is a promising project with great potentials, how much will it be listed/exchanged in crypto exchanges, When every of their backers are paying $10million each to support the project?
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yeah that's right and I also saw something in Libra, and I saw that Libra would be a very good investment place, because I believe that Libra would indeed be able to experience multiple price increases.
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yeah that's right and I also saw something in Libra, and I saw that Libra would be a very good investment place, because I believe that Libra would indeed be able to experience multiple price increases.
It is not for investments. Libra price will be stable. It is for the conveniency of people to make variousonline operation including buying and selling stuff. I will buy Libra when it appears.
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the most special thing from Libra that I saw was the number of companies that collaborated to make Libra big, and the possibility of being accepted by the community is very large.
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Yes, it obvious that the new Facebook Libra project had also impacted positively on the entire crypto community; it has help to further spreed awareness and popularity of crypto. There were heavy speculation on the crypto market about prices of Bitcoin and few altcoins that lead to many people buying more bitcoin on FOMO in some extent.
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All altcoins are the same, especially coins that are based on Ethereum.
Only the memebdakan it is because the coin has a large supply of funds and has a clear goal to be able to continue to use the coin in the real world with the procedure it works is cooperation.
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Actually, i dont see any new features. It's also decentralized. But for blockchain and cryptocurrencies libra will be pioneer for other big companies like Amazon, Apple, Samsung etc.
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Something special in Libra currently is about banning from USA and some countries. I saw on many articles only discussing about the current ban news and no information about the current progress anymore. It is very unfortunate, it seems the HYPE on Libra coin to be disappear soon.
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I'm not seeing any special for Libra coin. It's just same with other currency in the market. If not just with Facebook this coin is just nothing but same old coin trying to impress the world of crypto space to gain spot in the market arena. Today, I don't hear much news about this coin and the existence still in the bottom of other top contender coin in the space.
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Nothing special in Libra. It will be decentralized. And Libra will be something like stablecoin. It will be basket of currencies. Probably 50% usd, 18% euro, 14% yen, 11% pound and 7% singapore dollar. But I think facebook users can use it. It will be easy way to pay for something. I mean among friends at the facebook.
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From the very beginning, Libra was interesting in that this stable coin cooperated with many well-known financial corporations. However, after the appearance of this coin met stiff resistance from the governments of the USA and the European Union, many of them left this project and this coin ceased to attract attention. After that, the USA, China, India, France, Sweden have already announced the creation of their national stable coins, and in general such stable coins, that is, digitized national currencies, intend to create about 70 percent of all states. Amid them, the Libra coin is simply lost.
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Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture.I think It would work more efficiently than existing payment technologies.
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Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture.I think It would work more efficiently than existing payment technologies.
I think its much better if we wait for its launch first before conclude that it will be an all time solution to payment. There are lots of social blockchain platform that is working well, the only difference of Libra is the owner of it is famous thats why it gains a lot of attention.
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One thing of note about Libra is that its being backed by these founding members that include Mastercard, PayPal, Stripe, Visa, eBay, Facebook, Lyft, Uber, Spotify, Andreessen Horowitz, Vodafone Group, Kiva, Mercy Corps, Women's World Banking and more.
MasterCard and PayPal already made exempted from this Libra and still some more will leave Libra because of Zuckerburg words always changes. I am hoping to see the finalize and release of Libra.
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I only see that Libra backed by a big company, called Facebook. I don't see other things that are really special from Libra. Libra plans to create a stable coin, and it is not interesting for me. I prefer to invest in a coin with high volatility like Bitcoin and Ethereum. They provide a chance for higher profits.
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I think that one special thing about the libra project is it's capacity to help people at less developed area by making easy access to funds, that is, making banking accessible to the remote of it's covered areas. As a matter of facts, Facebook has touched almost every area of the world, and in these case, it could have helped everyone in it's coverage areas to gain access to funds. It is like banking the unbanked areas of Facebook coverage areas in the world.
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More special for me it is Libra will initially run on a permissioned blockchain, which means miners must seek approval before starting to mine.Libra blockchain is differs from traditional blockchain technology.
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This isn’t a coin that you buy because you think it will grow 100 times as valuable. It’s more like exchanging a dollar for a Euro.
If Libra is like exchanging USD to EUR, what about the exchange rate, will there be a transaction fee? Cause USDT is good enough for this in the crypto system.
Do you see something more special in Libra?
Libra is betting on the idea that the platform can bring modern banking facilities to a billion people on the planet who do not have bank accounts or cannot pay the monthly fee for using a bank card. Scales will bring modern banking amenities with a free and mobile wallet. This is the main feature of Libra.
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This isn’t a coin that you buy because you think it will grow 100 times as valuable. It’s more like exchanging a dollar for a Euro.
If Libra is like exchanging USD to EUR, what about the exchange rate, will there be a transaction fee? Cause USDT is good enough for this in the crypto system.
Do you see something more special in Libra?
Libra is betting on the idea that the platform can bring modern banking facilities to a billion people on the planet who do not have bank accounts or cannot pay the monthly fee for using a bank card. Scales will bring modern banking amenities with a free and mobile wallet. This is the main feature of Libra.
That was something good to proceed and other than that libra just a stable coin that not so worth to hodl. For traders its just another stable coin but for in real life libra might has make something new to the world that never see before.
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The special of LIBRA is a coin created by famous people from the king of Facebook and Instagram social media.
With the support of these famous people, LIBRA will definitely get a high FOMO and HIVE, unless there is a country that is afraid of the decentralized LIBRA system, LIBRA will be blocked.
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Sorry to say, nothing special in my opinion in libra. Because libra is just normal stablecoins like the USDT thing.
Can not be used for trading, maybe its usefulness is to facilitate Facebook users to make Facebook ads payments
using libra.
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The Libra project has not actually lunched anyway I think the special thing about this project is how valueable and stable is going to be in the future, Libra coin is a stablecoin and this help to attract more investors with big portfolio.
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To date, there is nothing special in the Libra coin. Earlier, Libra was planned as a grandiose project supported by the global financial giants and connected with Facebook. Almost nothing remained of these plans. A massive appearance of stable national coins of various states, and above all a stable coin of China, which will finally bury this project, is expected soon.
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Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture.I think It would work more efficiently than existing payment technologies.
The Libra coin is not unusual, except that it is provided with different currencies of states, as well as other financial assets.
Now, with her release, great difficulties continue and I'm not sure that she will successfully overcome them.
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Ofcource there is some exchanging fees for Libra also , according to a article Facebook libra is work like a stable coin like USD and euro in market .
Facebook have good userbase there is higher chance that mostly user Start using libra.
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According to official announcement , Libra is going be a stable coin like USD and euro in market . I didn't think there is too much profitable if we hold Libra . Hopefully we see Libra in market .
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Many also say that this LIBRA will become a stable coin.
It could also be a stable coin for USD or EURO.
Tspi bsnysk jugs who regretted that LIBRA should not be a stable coin because there will be many factors to slow up the price.
If I think LIBRA will be a stable or unstable coin it's up to its creator because it's certain that LIBRA will have many fans from Facebook residents.
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At this point, I really do not see anything special with Libra. When I first heard about this global coin, I'm also one of those who thought this will help crypto grow even more. But now I doubt it will really help crypto. To be specific, they do not really care about other crypto.
I agree with you. Libra has no speciality. When I heard that Facebook launch a coin name libra that time I felt it will make revolution in the Crypto wrold. But now I knew that it doesn't help any crypto currency.
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The only thing that makes Libra a worthy is that it has the potential to be very popular and because of this you are more likely to be able to do other things like tea. Also, only a very large number and a wide range of marketing have some advantages.
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At this point, I really do not see anything special with Libra. When I first heard about this global coin, I'm also one of those who thought this will help crypto grow even more. But now I doubt it will really help crypto. To be specific, they do not really care about other crypto.
Meaning Libra coin focus is itself alone. If they do not care about other crypto currency what will be the future of Libra?
Other cryptocurrencies could help Libra success especially those popular and successful projects.
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I do not see anything unusual and special in Libra. Previously, it seemed unusual that this stablecoin would have a large basket of different currencies and other financial assets that would back it up. Now you won't be surprised by this, but Libra is still not there.
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The only thing that makes Libra noticeable is that it's backed by a lot of well known investors and hence more reliable than other stable coin like USDT. Other than that, a huge number of user and wide range of marketing are some of its advantages. Technique wise, Libra won't contribute anything to crypto world.
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Libra is the Facebook coin and that is the special thing in it becasue Facebook is the great online website and they have a great business and they are never make a fake coin.
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Help investing is a temporary and not pre-trusted business. In order to be special, the scales must show their special strength, and they can be stable I have a sense of humor and trustworthiness. At the moment, except for the hype surrounding this issue, I don't see anything special.
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Do you see something more special in Libra?
Well, the drama behind this project is the most special thing for me. :D
Since the first time this project was announced to the public, Libra has become controversial and attracted all people around the world because it is a project owned by the biggest social media, Facebook. People expected too much for the impacts of the Libra project on the existence of crypto space. But unfortunately, it cannot be as expected.
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If the concept of Libra is like a stable coin, then I think it is not a good coin for investment or trading. It means there is a chance for high move in its price because the volatility will be very low. In this point, I assume Libra has no special thing to be a trading and investment asset.
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Just like me, because LIBRA hasn't shown any special abilities for its progress.
Just look at the main website of LIBRA, it's still like before and nothing changes.
And if we want to see something special, it should be from the CEO of LIBRA there is an announcement but no evidence!
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Libra is the Facebook coin and that is the special thing in it becasue Facebook is the great online website and they have a great business and they are never make a fake coin.
What Zuckerberg previously announced when presenting his Libra project has changed many times. At a meeting of the US Senate, Zuckerberg promised that his Libra would have nothing to do with the social network Facebook. A significant feature of this stablecoin was to provide this coin with many currencies of states and securities and shares of commercial structures. Regulatory bodies have sharply opposed this and Libra is now deprived of this feature. There is nothing special left in the unreleased Libra coin.
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Libra is a good coin but still that is not officially launched and so many companies that start work in this project they leave it and i hope the project will come soon in the market and at the bull time and that time coin price of Libra is very high.
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I haven't seen anything special about this coin, I'm also curious about the continuation of this project
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The former Libra gave up not only the name, now it will be called the Diem Association. The association is no longer considering the idea of a stablecoin pegged to a basket of currencies, consisting of six world currencies, including the Chinese yuan, it is ready to limit the use of Diem to payments for goods only, without plans to launch DeFi platforms.
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The former Libra gave up not only the name, now it will be called the Diem Association. The association is no longer considering the idea of a stablecoin pegged to a basket of currencies, consisting of six world currencies, including the Chinese yuan, it is ready to limit the use of Diem to payments for goods only, without plans to launch DeFi platforms.
Yeah, Libra is hereinafter referred to as "Diem".They are waiting for approval from the Swiss financial regulatory agency FINMA.We will see Diem in the market in 2021.I think it will attract great attention in 2021.
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Libra coin is a great coin and it is used for the facebook ads and we can buy that and also sell that easily and now the facebook Libra coin name is changed and they name it Diem coin.
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the facebook Libra coin name is changed and they name it Diem coin.
DIEM a coin?
Is it true that LIBRA changed its name to DIEM coins?
I thought the name change was very strange and not very exciting.
But in fact it is true that LIBRA changed its name to DIEM coins.
I've checked just now and please check the link about DIEM here ---> https://coinmarketcap.com/currencies/facebook-libra/
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Libra has been gaining popularity for some time now. Because Libra Coin is the price of a stable coin and its future is much better. The future of the Libra coin is much better because the Libyan coin has gained so much popularity here that the chances of a better future are much higher.
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the facebook Libra coin name is changed and they name it Diem coin.
DIEM a coin?
Is it true that LIBRA changed its name to DIEM coins?
I thought the name change was very strange and not very exciting.
But in fact it is true that LIBRA changed its name to DIEM coins.
I've checked just now and please check the link about DIEM here ---> https://coinmarketcap.com/currencies/facebook-libra/
Zuckerberg and his team wanted to change the name of their upcoming Libra stablecoin to Diem, which means "The Day," to get away from the scrutiny of US regulators. To do this, they even registered it in Switzerland and in January planned to receive all the necessary permits and finally release it in the same month. However, it turned out that a cryptocurrency with this name was already used by one of the English companies, and therefore Zuckerberg again had new problems. While we are awaiting their decision.
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I Think Libra will Good Stable Coin. It is Facebook 's Coin. So it will Be special i think. And Libra will Gain Top Position on Cryptocurrency Market I strongly Believe It. And Many Many Facebook Users Will Use Libra so it Will Perform Important Role on Cryptocurrency Market.
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I don't see any good progress from this project, Or maybe I'm missing information. There seems to be nothing special about LIBRA/DIEM yet!
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How can you see anything special in a Libra/Diem coin that was never issued and was recently sold by Zuckeberg to some bank. Of course, this bank did not buy the project for the collection and probably intends to use it somehow. But so far we have no information about this. In any case, the originally anticipated Facebook-pegged stablecoin will never be.
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As far as I know, Facebook has given up on Libra or Diem, they focus on Metaverse for users. We also don't need to keep waiting for a new stable coin, we already have USDT, USDC, BUSD, DAI, FRAX and dozens of other tokens. Meta also won't want to get into legal trouble in the future.