Ninjastic
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Board Altcoin Discussion
Re: Libra VS Bitcoin (2 Coins Enter 1 Coin Leaves????)
by
squatter
on 21/06/2019, 07:56:07 UTC
Quote from: Deewhy2 on June 20, 2019, 10:23:32 PM
Russia government says they won't legalize Libra coin
( https://cointelegraph.com/news/russia-will-not-legalize-facebooks-cryptocurrency-official-says)

Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project
( https://cointelegraph.com/news/chair-of-house-financial-services-committee-requests-halt-on-facebooks-crypto-project)

French Minister of Economy to Ask for Guarantees From Facebook In Regards to Its Forthcoming Coin
( https://cointelegraph.com/news/french-minister-of-economy-to-ask-for-guarantees-from-facebook-in-regards-to-its-forthcoming-coin)

Senate Banking Committee Sets Hearing on Facebook’s Crypto for July 16
( https://cointelegraph.com/news/senate-banking-committee-sets-hearing-on-facebooks-crypto-for-july-16).

If you are able to go true that you will see that Libra surpassing bitcoin might not be possible. 

This actually highlights Bitcoin's strengths over centrally issued currencies like Facebook's Libra coin. There's no central choke point where governments can target Bitcoin and force changes upon it. Facebook, on the other hand, can easily be pressured to the whims of governments.