Quote from: drachman on December 07, 2019, 02:44:16 AM

Quote from: Sithara007 on November 30, 2019, 05:17:03 AM

Quote from: drachman on November 30, 2019, 01:22:46 AM

While at this point it should be obvious that the Libra project is never going to be released you are really underestimating the power that Facebook has, I'm pretty sure that the billions of people that are using Facebook every single day will have no problem using the Libra coin and adopting it just because Facebook is behind it, that is precisely the reason why governments refused to support the Libra project because they thought it was a legitimate threat to their power.

If Facebook want to go ahead with the Libra project, then no one can stop them from doing that. But some of the recent statements from Mark Zuckerberg and David Marcus are creating doubt in the minds of those who intended to use this currency. Zuckerberg leaped in to cryptocurrency market without studying the market in detail. He wanted to use the hype surrounding the cryptocurrency to prop up Facebook. But things turned out to be more difficult than what he expected. I have a feeling that right now he is looking for a honorable exit from this project.

Their efforts have been in fact stopped and it was so easy that is laughable, many do not consider the decentralization of bitcoin as essential but if it was not for it then governments could have shutdown bitcoin whenever they want it, decentralization is what it is protecting bitcoin and it is the main weak point of Facebook, it does not matter that it is one of the most powerful companies around the world, all its power is centralized in a few people and they can be easily intimidated or bribed if needed.

Did you trusted with Libra coin become profitable after launching to public? will available Libra get legal access from United State where hate with crypto world and have negative side with Libra, maybe we only wait and see at the next year what happen with Libra coin become profitable and keep launching to public or not before investing with Libra coin.