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07-04-2019
| Junior Member | | Join Date: May 2019
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Activity: 0% Longevity: 28% | | Facebook & Libra
What do you think about Libra? I certainly think that Facebook is aiming for something larger than a currency, I think they're gonna integrate Libra with Facebook Marketplace and Facebook Marketplace is gonna be a new mainstream place to sell stuff easily.
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07-04-2019
| | Senior Member | | Join Date: Jul 2018
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Activity: 91% Longevity: 33% | | Re: Facebook & Libra
Congress wants to delay the release of Libra so they can take a better look of its impact
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07-04-2019
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Activity: 91% Longevity: 33% | | Re: Facebook & Libra Quote:
Originally Posted by drphilofebay What do you think about Libra? I certainly think that Facebook is aiming for something larger than a currency, I think they're gonna integrate Libra with Facebook Marketplace and Facebook Marketplace is gonna be a new mainstream place to sell stuff easily. | I think its plan is broader than selling,it wants to takeover some of the tasks now performed by banks,like wiring money,exchanging money and holding on to your money.
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07-05-2019
| | Executive [VIP] | | Join Date: Aug 2008
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Activity: 17% Longevity: 91% | | Re: Facebook & Libra
Whatever happens with Libra it is certainly putting the spotlight on crypto and bringing it further into the mainstream. Cant ignore it anymore.
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07-05-2019
| | Senior Member | | Join Date: Apr 2018
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Activity: 0% Longevity: 34% | | Re: Facebook & Libra
Scary idea to think businesses can also operate as their own 'banks' with their own currency.
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07-05-2019
| Junior Member
Threadstarter  
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Activity: 0% Longevity: 28% | | Re: Facebook & Libra Quote:
Originally Posted by agent006140 I think its plan is broader than selling,it wants to takeover some of the tasks now performed by banks,like wiring money,exchanging money and holding on to your money. | Well ofcourse, but I mean they're gonna integrate it with FB Marketplace.
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07-05-2019
| | Senior Member | | Join Date: Jul 2018
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Activity: 91% Longevity: 33% | | Re: Facebook & Libra
of course,they are going to integrate to FB market place plus your living room,your toilet,your shower,cat litter everything
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07-05-2019
| | Senior Member | | Join Date: Dec 2016
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Activity: 0% Longevity: 42% | | Re: Facebook & Libra
I agree with Slokor. It will force the masses into learning and understanding crypto. It feels like this may be a "last chance" to invest in crypto at a decent price. I think by the end of 2020 we see Bitcoin at $30k+.
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07-06-2019
| | Executive [VIP] | | Join Date: Aug 2008
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Activity: 17% Longevity: 91% | | Re: Facebook & Libra Quote:
Originally Posted by jmag91 I agree with Slokor. It will force the masses into learning and understanding crypto. It feels like this may be a "last chance" to invest in crypto at a decent price. I think by the end of 2020 we see Bitcoin at $30k+. | Don't tell Empirestate (or any of the other haters).
Said it before ill say it again - Im holding mine all the way to 2025.
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07-06-2019
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Activity: 91% Longevity: 33% | | Re: Facebook & Libra
what is better?Gold or crypto currencies?
This may be off topic-but the Venezuelan central bank has been sending its gold reserve to Nairobi refinery to be melt down and sell them in Middle East.
Will Bitcoins be a better alternative than gold in this case?
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07-06-2019
| | Senior Member | | Join Date: Nov 2011
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Activity: 3% Longevity: 72% | | Re: Facebook & Libra
Libra wont add any value to crypto it will be another ripple which is centralized and kills the concept of crypto.
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07-06-2019
| | Senior Member | | Join Date: Jul 2018
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Activity: 91% Longevity: 33% | | Re: Facebook & Libra
it is not a crypto currency,as it is backed by hard currencies,in fact it has to build reserve in those currencies.
It could be a threat to the current system if all the FB users start to use libra among themselves?
Gold is still the old standard for store of value,you can take gold and go to a foreign country and convert it or just use it outright to get goods and services,but gold is too clumsy to carry.
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07-22-2019
| Junior Member
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Activity: 0% Longevity: 28% | | Re: Facebook & Libra Quote:
Originally Posted by agent006140 what is better?Gold or crypto currencies?
This may be off topic-but the Venezuelan central bank has been sending its gold reserve to Nairobi refinery to be melt down and sell them in Middle East.
Will Bitcoins be a better alternative than gold in this case? | That's why Venezuela is a ****hole at the moment.
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07-22-2019
| | Senior Member | | Join Date: Jul 2018
Posts: 12,213
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Activity: 91% Longevity: 33% | | Re: Facebook & Libra
why is Libra such a fuss when Bitcoin is not.
Libra is pegged to major currencies and back by reserve in govt debt papers.
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