Forum

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.

Re: Facebook & Libra
 

Congress wants to delay the release of Libra so they can take a better look of its impact

Re: Facebook & Libra
 

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.

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.

Re: Facebook & Libra
 

Scary idea to think businesses can also operate as their own 'banks' with their own currency.

Re: Facebook & Libra
 

Well ofcourse, but I mean they're gonna integrate it with FB Marketplace.

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

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+.

Re: Facebook & Libra
 

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.

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?

Re: Facebook & Libra
 

Libra wont add any value to crypto it will be another ripple which is centralized and kills the concept of crypto.

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.

Re: Facebook & Libra
 

That's why Venezuela is a ****hole at the moment.

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.