Quote from: poordeveloper on June 19, 2019, 12:01:45 AM

Quote from: Searing on June 18, 2019, 10:49:11 PM

So when compared to bitcoin, if it is pegged to the various currencies, I see 'no way' that it can be used as a store of value like Bitcoin.

If it's going to be a stablecoin, I'd worry more about the future stablecoin projects (not so much about currently successful ones though - they already have a userbase)

That's unless they're going to do strict KYC, in which case it's probably going to have much less impact on other stablecoins. Don't see the whole stablecoin userbase following a Facebook KYC anytime soon.

How do you see this as affecting the future/price of Bitcoin and other cryptocurrencies? Being FaceBook and all, you just know they are going to have a lot more regulatory oversight

and KYC etc on the Libra Facebook coin

Right now I'm NOT too worried. But there is, IMHO, a possibility these 'stablecoins' put out by Facebook and others could regulate 'open source' Bitcoin and say only 'regulated' crypto

can be exchanged etc, etc. This does not seem likely IMHO, but nothing would please the powers that be in finance in government would be stablecoins replacing that pesky open source

cryptocurrency like Bitcoin/Litecoin etc.

Hopefully, because Facebook has said it will allow others to make wallets for Libra...this means 3rd party will make such...but due to the 'fast transaction' and supposed small fees etc of

Libra coin by Facebook. Some kind of scaling of crypto, be it BTC or whatever, better pick it up. Because IF not than the ONLY option likely would be BTC would still be a store of value as

the only position of worth that Bitcoin would have. Being replaced by fast transaction centralized controlled coins like Facebook Libra.

Brad