Post
Topic
Board Altcoin Discussion
Re: Should we boycott the Facebook Coin (Project Libra)?
by
RealMalatesta
on 02/07/2019, 06:59:56 UTC
Facebook is the antithesis of everything Satoshi stood for.

Should we, as the crypto community, boycott their effort?

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

It wouldn't be the first time that a company had engaged in lobbying and rent-seeking to harm competitors.

What else do you expect from Facebook and of Facebook coin, the choice is left to us all to know if we should support its ambition or not, as regards boycotting, you can only speak for yourself and retrain yourself from it, but the choice is still left to users to make the decision that will favor them.

Cryptocurrency is an open system, and e all know what will benefit us in it, to some, Facebook system will benefit the, let those be the users, and to some that understands what through decentralization is and what the intention of satoshi is, they will always stand for bitcoin no matter the money Facebook spends in shilling their project, and believe me, we will still have more than 70% of people that would forever prefer bitcoin system to that of Facebook because it runs fully on decentralization.