Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on July 12, 2019, 03:52:02 PM
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It has come to our notice that the US President Donald Trump has issued a statement concerning the new Facebook cryptocurrency project which is called Libra project ever since the CEO of Facebook announced that he's is planning of realizing his own cryptocurrency project Libra project, which made the US president to say that us dollar is the only currency that he's not a fan of any other currency neither a party to Bitcoin and Libra project, but I have been wondering why the Libra project has become a treat to currency even to dollar. What do think about this project.
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Libra became famous because it is created by facebook. Facebook the one of the main players in the social media and if facebook could convince its users to use libra coin, then few people will use fiat which threatens the financial aspect of a country that is why President Trump is opposing about it but I admit, he is wrong.
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Libra became famous because it is created by facebook.
Agree. It because Libra is a Facebook coin. As Facebook has great popularity in the world, there should be many people interested to know more about it. Moreover, Facebook created Libra as a stable coin, it makes people be curious about the concept.
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Because Libra will have to enter in the top of the cryptocurrencies and will constantly pump, because how many huge companies and big investors have invested in Libra, therefore, thats why all want to invest in Libra.
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One of the reasons Libra coin has become a treat to many fiats is because Facebook has a very large community that can push out the usese of these fiats currency in the world if finally launch. The US know the impart of Facebook in the social media world, and the Libra may send the dallar out of the market plus other fiats. Let see how Facebook will handle these contending forces now and in 2020.
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Almost all citizens know Facebook, I can't think if in 2020 Libra is really used as a payment transaction on their platform, there will be a lot of demand from Libra coins and sooner or later even though the price is stable but it will affect other fiat currencies.
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It may be influenced by several terms:
1. The coin is from a bog social media around the world, Facebook.
2. Massive promotion from massive news and media
3. Offers different crypto cocnept
4. Easily spreading around the world of crypto users
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In the history of cryptocurrencies I think this project is going to be one of the best and I am not afraid to say that its market capitalizaction can surpass that of BTC and for this reason Trump is afraid it can cause a depreciation in the Dollar since we use it for our daily transactions.
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Libra is the first coin issued by a well-known legal company - Facebook. It gather both crypto supporters and crypto haters' ideas. If it's just simple as JP Morgan's coin, there wouldn't be such noisy debates. But the fact is, it poses some threat to conventional currencies. Imagine if half of facebook's two billion users used Libra, who would use US dollars any more?
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Because Libra has a great impact on public and since its a Facebook coin, the popularity will be high because many people are on this social media platform. And now facebook is continuing to grow the team for its Libra cryptocurrency project with the hiring of a new economics researcher.
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because libra is a phenomenal newcomer coin. Facebook made by Facebook which is funded by many large investors. While Facebook itself is social media with many users, it is easily popular and widely talked about by fellow Facebook users.
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Because it is attached to facebook that is why it is making a lot of noise. Being the largest social media platform, for sure they will do everything to make this coin famous.
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Libra became famous because it is created by facebook. Facebook the one of the main players in the social media and if facebook could convince its users to use libra coin, then few people will use fiat which threatens the financial aspect of a country that is why President Trump is opposing about it but I admit, he is wrong.
Yeah, they have 2B potential users from facebook and other partners. Libra community can become bigger than BTC community and start new era for cryptocurrency!
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Facebook platform is behind the popularity of Libra. I think Libra really utilizes the big name of Facebook to optimize its influence. It will be hard for Libra to compete with popular crypto coins like BTC, ETH, XRP, USDT, and others if there is no Facebook platform as the main support.
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I think Donald Trump's statement doesn't have much effect. In this case, Libra from Facebook is very popular because Facebook itself is a very large social media platform, and is almost used throughout the world. So that when Facebook will launch a cryptocurrency, many media blow up this news and provide a variety of framing.
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There is much talk about the Libra project since many know who is at the head of it. This is of great interest from the community and contributes to the popularization of cryptocurrencies throughout the world.
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Because it's being made by Facebook, if Amazon or Twitter make their own coin, there will be as much talk as now if not more.
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Some heads of state always give almost the same statement, I'm not surprised when President Trump gives a statement like that, crypto and blockchain are a brilliant idea, because there are still many countries that refuse for several reasons, there will be competition between Libra and fiat in the near future, because Libra is a stable coin that will not be affected by any currency.
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Since the Libra coin is issued by Facebook, it is assumed that this will be a very ambitious project that could affect the dollar depreciation. Therefore, the US government has already fined Facebook five billion dollars, allegedly for using confidential information about its users on the social network for its own purposes, and a bill has been submitted to Congress that is actually against the launch of Libra and prohibits IT campaigns with an annual turnover of more than $ 25 billion. participate in similar financial projects.
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With every new project attracting attention and discussion.While Facebook designed Libra under great secrecy and oversaw its announcement, the company intends to turn control over the cryptocurrency to a body of partners.This is enough to attract the attention of the community over Libra project.
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Because libra poses to be a threat to many things so a lot of bodies are taking it seriously. Facebook going into finance is kinda a big issue so it should stair up questions from many parts
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Many people talk about LIBRA because this Cryptocurrency coin was created by FACEBOOK. Where Facebook is the largest social media in the world, and has many members. And if you do something, all Facebook members will know that and will talk about it.
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Libra became famous because it is created by facebook. Facebook the one of the main players in the social media and if facebook could convince its users to use libra coin, then few people will use fiat which threatens the financial aspect of a country that is why President Trump is opposing about it but I admit, he is wrong.
Facebook is the global social (and not only social, by the way) net. Billions use it constantly. Most of themwill be interested in owning Libro cryptocurrency and ready to buy it when Libra appears.