Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: masterrex on June 20, 2019, 10:38:36 AM
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Facebook cryptocurrency project called Libra has taking the crypto space by storm, Some are positive about Libra project. some are againts in Libra and accusing that it can affect the existing cryptocurrency market space, what do you think drop your fearless comment about this trending issue.
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it has no effect on the market. it will received the same treatment just like the others. no big deal about it. people will still buy and dump it. it just the company,facebook after fighting against cryptocurrency is now accepting it. that just the fact.
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Those who are positive about this are not really concern why crypto came into existence. They see the positive of adoption due to facebook's user base and big backers. They're willing to ignore the fact that it is a centralized cryptocurrency where only the founders can access the network. Well, the good thing about that is that XRP will now have a direct competitor.
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It could also be because they didn't like cryptocurrency from the start ( basic from Libra Coin is cryptocurrency) , and their ears were itchy when they heard Bitcoin and altcoins.
For myself, such people are left alone because later they are tired of themselves when they continue to hate cryptocuurrency.
(Because in my opinion cryptocurrency is good for the financial system in the future).
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it has no effect on the market. it will received the same treatment just like the others. no big deal about it. people will still buy and dump it. it just the company,facebook after fighting against cryptocurrency is now accepting it. that just the fact.
This stuff can be called Much Ado about nothing. Libra will never affect the market and the growth of the other cryptocurrencies. it will be a stable coin, interesting for a certain type of crypto owners.
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it has no effect on the market. it will received the same treatment just like the others. no big deal about it. people will still buy and dump it. it just the company,facebook after fighting against cryptocurrency is now accepting it. that just the fact.
It is a stable coin so people dumping it won't matter. Yes it is good that facebook is now accepting blockchain, but they do it to have more control over payment systems and user data. Blockchain means freedom and privacy, however libra is just the opposite. Centralized and not private. I do not like it because of this. But it will bring adoption.
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I think it is normal if there is a positive and negative side related to support for Libra. People who don't support Libra should think that Libra is a stable coin, it won't be profitable as a crypto asset. While people who support it may think that to hold Libra is a must since it will be very useful someday.
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The value of money depends on the belief: the world uses USD because of trust in the US economy, so who will trust Facebook - a social networking platform that sells users' data? I think this is the main reason.
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The value of money depends on the belief: the world uses USD because of trust in the US economy, so who will trust Facebook - a social networking platform that sells users' data? I think this is the main reason.
People simply need something convenient like cryptocurrencies and stable like traditional money (forinstance, dollar). Therefore, they choose Libra as the combination of these both features.
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I think Libra will make crypto market to become more famous because Facebook is already known all over the world as most trusted social media site. I believe that Libra will become the no.1 altcoin in the future in which some Altcoins enthusiast will not agree that is why they hate Libra.
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The value of money depends on the belief: the world uses USD because of trust in the US economy, so who will trust Facebook - a social networking platform that sells users' data? I think this is the main reason.
People simply need something convenient like cryptocurrencies and stable like traditional money (forinstance, dollar). Therefore, they choose Libra as the combination of these both features.
I agree that Libra can bring convenience and stability in payment, but users will need to worry about data security, personal information and project legitimacy. Users will not use a cryptocurrency, if the transfer fee is very cheap, for example 1 cent for 1 trillion dollars, but often leaks owner information and hijacked once a month.
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They still like it because LIbra is indeed created by the Facebook #DevelopmentTeam .
Those who don't like Libra are because of the Libra according to the issue that the coins that are created are stable and certainly coins from Libra will not be able to benefit them from understanding the Decentralized work method.
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I am the one who is against LIBRA because all LIBRA data is taken from Facebook data.
Everyone who is on Facebook including their data can be stolen just to be traded using LIBRA coins, this is dangerous.
And the proof is that until now LIBRA is like a chicken that is ready to die without any news for its happiness. Hmmmp!
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I am not against LIBRA, that project, currency or whatever, it has not done anything to me, but I am against the company behind it. We all know that Facebook is a company that uses bad practices. They sell personal data, other times "someone" "steals" it. But we already know why this is the case, money and power move everything.
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Many states have opposed the concentration in private hands of such a voluminous confidential information about Facebook users and their financial transactions at the same time. Therefore, this stablecoin has issues with issuance so far.
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As I understand, Libra is not a real crypto currency. It is tied to the value of the dollar whereas BTC and altcoins are not tied to any fiat currency in which both cannot be manipulated by any government or agency. The advantage is that it will get people thinking about crypto and that will help move the real cryptocurrencies into the mainstream.
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I am also against it because LIBRA takes all data from Facebook. I have heard of this case from various social media throughout the cryptocurrency media.
Lots of Facebook has privacy for the security of their account by the owner of the account, but if it is true that LIBRA takes all the data from Facebook for the development of its coins then that is not recommended.
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I am also against it because LIBRA takes all data from Facebook. I have heard of this case from various social media throughout the cryptocurrency media.
Lots of Facebook has privacy for the security of their account by the owner of the account, but if it is true that LIBRA takes all the data from Facebook for the development of its coins then that is not recommended.
You need to use Google to find out that the Libra project no longer exists. At the end of last year, a rebranding was carried out and now the new name of the project is Diem. It is assumed that after the launch, Diem will be pegged exclusively to the dollar.
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am also against it because LIBRA takes all data from Facebook.Those who don't like Libra are because of the Libra according to the issue that the coins. Libra will not be able to benefit them from understanding.but often leaks owner information and hijacked once a month.