Quote from: BlackFor3st on October 30, 2019, 02:26:26 AM

Quote from: Youghoor on October 30, 2019, 01:34:59 AM

So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.

That is the difference between Bitcoin and Libra coin that Zuckerberg that wants to launch. Bitcoin is fully anonymous and it doesn't need any special approval from governments for it to launch while Libra is plain business in creating their own coin so they need the approval of the governments like the US in order to launch their coin successfully.

Because their coin is more legal and their partners are big companies so they need legal papers in order to stop the incoming problems upon their launch. If they can settle all their obligations and the US senators will favor the launch of Libra then it will be a big game changer in crypto currency society.

Libra being back by big conglomerate and businesses and is approve by US government is indeed a game changer. BUt is achieving this the government is ironing out all mess but it seems backers are not supporting this slowly turning away from the project. While they were busy criticizing th Libra project, China is pushing their own cryptocurrency. There is a big difference between these two big nations and seems China is advancing the game.