Re: Libra partner drop out

Visa, mastercard, ebay, paypal, drop out from libra..
will libra still continue ...? why one by one partner liba drop out.? https://twitter.com/coindesk/status/1182747730248118280?s=21

I see very small possibilities that Libra as a project will continue, as soon as Facebook made the announcement all the governments of the world immediately refused to let Facebook have their way and it is easy to understand why, if Facebook were to release its own coin then you will have billions of potential users of cryptocurrencies, even if there were very strict regulations it will be impossible to monitor everyone.

And what it is even worse it will give all of those people access to this market, if Libra went live I will not be surprised if the market cap of bitcoin doubled in less than a month as such it was imperative that governments stopped Libra before it launched.

I agree that it is somehow imperative for the governments to stop Libra at all cost before it is launched. Such project after all is too disruptive of the fiat system that it might really give more than just a tiny dent. And the actions of the governments are not really to protect the people from the project, it is to protect the current system to crumble down. If Facebook and all its partners will continue with the project, there will be more similar massive projects that will follow. And the governments cannot contain all of these.

The result is still 50/50, as the situation of libra right now, it will be hard for them to make another step. If they somehow manage to create an alternative plan on this kind of situation they may be able to stand even if their partners drop out on their partnership, and even government can't stop them from making a progress. Further announcement should be release soon for this matter and if it is positive for the side of Libra, this may help for them to make a new action plan.

Those partner know what will be the consequences to the platform if they will continue supporting it. the demand of their bussiness will decrease this paypal is the example .

I bet. This is actually hostage taking. Paypal, Visa, and all those that finally decided to quit from the project have to choose the right battles. And this time, they are probably right. They cannot put up a worthy battle against the governments. All their registrations, licenses, and approvals are coming from the governments. They commit a grave mistake against these powerful bodies, they will regret it big time.