Quote from: Baofeng on June 26, 2019, 11:50:01 PM

Quote from: jonathan6655321 on June 26, 2019, 12:33:29 PM

I heard people saying it won't affect bitcoin at all, and others say it might destroy it

I wonder what's your opinion about it?

What can be the worst case when it comes to Libra and Bitcoin?

Nothing will happen to bitcoin here, in fact maybe it could bring more money to bitcoin ecosystem for all we know. So I don't think Libra will have a negative impact as far as the market price. Investors would simply go and shift their funds to a private, consortium wherein it is centralizes and all your private data will be in their own crypto. Crypto investors are not that dumb, on the contrary they are getting smarter now that's why they are not bother by the supposedly challenge from Facebook's Libra.

Facebooks Libra is NOT a cryptocurrency. I know big call. But lets just think about this for a second. First, though, why would you trust it? Facebook will use it go track what you buy and target you with more of the same. They will not only use your data, but sell it. Or theyll get hacked and your data stolen. I mean, their track record, that we KNOW about? Come on. And you wont make money off investing in Libra, its not going to fluctuate like the cryptocurrencies we know. Itll be considered a stable coin, 1 for 1. Im going to go a step further and call it FIAT.