Quote from: target on October 20, 2019, 04:22:26 AM

Quote from: NathanJB on October 20, 2019, 04:02:29 AM

Quote from: googol.star on October 20, 2019, 03:23:24 AM

Quote from: tsaroz on October 20, 2019, 02:58:47 AM

Quote from: googol.star on October 20, 2019, 02:52:14 AM

Why is the Libra dream dead? (Which I hope it is.)

Maybe because it's backers are withdrawing from the project and Facebook's prime market US doesn't like Libra's concept.
For the use of remittance, bitcoin could still be a good option. Though it's fee seems large for small transactions, it's much better than swift fees or western union fees for sending remittance. There are other options like lightning network or the BEP2 token from binance but it would depend on the parties involved more than the choice of currency.

Thank you. Yeah, I just read that all of their partners are backing away from it. I just don't trust facebook so I'm glad.

Not all actually. I think only less than half of the members of their association have left out of heavy nudges by the governments. But it is enough for the others to lost interest in pursuing what they have started, at least for now. So far, I would conclude that the dream of the team will remain to be a dream, far from reality. There is no reason for them to force themselves into the market which is showing signs of repugnance to it.

Nothing so far has been said from the Libra association yet whether they will disassociate each other because of what is happening. I can only think of the lobbyist facebook had hired to make some negotiations. One congress has expressed his support already for Libra, this is a sign that they may really be continuing what was planned.

There seem to have two parties not wanting facebook to pursue though, One is the crypto community itself and the government which they could easily come to terms. For crypto community, they can ignore all of us once they are approved. That's the only we can do but of course we can still convince the mass not to use libra.

For now, many of the members of the association are mum on the issues surrounding them and the decisions of their former fellow members that decided to yield to the advances of the government. Neither are they also vocal in their support to the project. They are playing the safest game.

The crypto community may not even be what is in the minds of libra. I think they thinking more of the several millions respective users of their own companies.