Quote from: BChydro on January 26, 2020, 12:13:41 PM

Quote from: FlightyPouch on January 24, 2020, 02:23:11 PM

Facebook might enter and it will not even be a competition. Libra is something that is backed up by the fiat. If we will be talking about crypto currencies, bitcoin and altcoin will still be the thing. In terms of usage, obviously fiats will be the winner since cryptos still has a little place in this world right now.

Facebook has a lot of obstacles to over come to come up with their coin and if they get the license then people will be flooding into the coin because you can trust them as a stable currency and they will be transparent unlike other stable coins we have right now, fiat still rules the finance sector and you need fiat to invest in bitcoin or any crypto.

I dont think Libra or facebook even needs a mention on the discussion of domination of crypto market. It will take at least 5 to 10 years for Facebook to develop and make people adopt libra if they are allowed to.

My vote will be for USD until the age of crypto being used for all of the transactions. Then it will be either BTC or the one which will be used for cross border transactions.