Viewing a response to: @musing-threads/pke8c5mkf
<a href="https://musing.io/q/rachman-jr25/will-the-facebook-libra-crypto-currency-can-beat-bitcoin"><b>View this question on Musing.io</b></a>
| author | rachman-jr25 |
|---|---|
| permlink | fk9ulhm3p |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["facebook","libra","blockchain","musing"],"appCategory":"facebook","appTitle":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appBody":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}" |
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<a href="https://musing.io/q/rachman-jr25/will-the-facebook-libra-crypto-currency-can-beat-bitcoin">View this answer on Musing.io</a>
| author | aoecoin |
|---|---|
| permlink | pkmp8utcf |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["facebook","libra","blockchain","musing"],"appCategory":"facebook","appTitle":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appBody":"<p>Absolutely Fakebook coin will beat the use of Bitcoin and also the amount of dollars held in it. Fakebook has 2.4 Billion users. Bitcoin has maybe 60 million users. If the average holding of Fakebookcoin was $200, Fakebook coin would overtake Bitcoin if everyone had it. But Fakebook coin is not a true crypto. There is no privacy, it is centralized, and fakebook will of course retain a system to shut down and deplatform individuals and seize funds and deplatform people. This is the fakebook way of things. It may be used more than BTC and may be higher market cap in future but so is the USD and fakebook coin is much more like USD in a totalitarian regime than it is like the USD or like Bitcoin.</p>","appDepth":2,"appParentPermlink":"fk9ulhm3p","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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<a href="https://musing.io/q/rachman-jr25/will-the-facebook-libra-crypto-currency-can-beat-bitcoin">View this answer on Musing.io</a>
| author | edhimuryanto |
|---|---|
| permlink | f39zkqpcp |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["facebook","libra","blockchain","musing"],"appCategory":"facebook","appTitle":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appBody":"<p>I don't think so. With the fact of so many personal information that pass through (leaked) to unwanted partied in social media, no one will take a risk in money transaction in social media such as fb. I think (At least in a short time ) Facebook Libra Crypto will not beat Bitcoin. </p>","appDepth":2,"appParentPermlink":"fk9ulhm3p","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2019-06-27 15:28:36 |
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<a href="https://musing.io/q/rachman-jr25/will-the-facebook-libra-crypto-currency-can-beat-bitcoin">View this answer on Musing.io</a>
| author | ustazkarim |
|---|---|
| permlink | f36mv3zjp |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["facebook","libra","blockchain","musing"],"appCategory":"facebook","appTitle":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appBody":"<p>The controversy over the appearance of this Facbook crypto currency is over, because Libra is coming soon. It is said that this is called excavation on the Gemini exchange owned by the twins Winklevoss, Facebook's digital assets will become stablecoin which is supported by many international currencies.</p><p>Libra crypto currency is reported to be able to be transferred between Facebook products, with zero transfer fees, which would make the social media platform a unique position in the financial services sector. However, whether this crypto currency will compete with Bitcoin remains a matter of speculation.</p><p>As one of the largest social networks in the world, Facebook has a competitive advantage for companies that want to provide global financial services. The company received funding from major supporters such as Visa, Mastercard, Paypal and Uber, each of US $ 10 million, and is preparing a conglomerate to regulate its network. According to the World Bank, the money transfer industry has a value of US $ 689 billion in 2018. This remittance will be the service Facebook wants to provide.</p><p>On the other hand, one can argue that Libra targets customers who have never been targeted to be served by decentralized currencies such as Bitcoin. The adoption of Bitcoin has traditionally been broader among the black and gray markets.</p><p>The use of Bitcoin every day is still rare in most parts of the world and traders are interviewed by Mashable. Traders who accept Bitcoin as payment report that the use of Bitcoin is still rare and they have difficulty adjusting to changes in the price volatility of Bitcoin.</p>","appDepth":2,"appParentPermlink":"fk9ulhm3p","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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<a href="https://musing.io/q/rachman-jr25/will-the-facebook-libra-crypto-currency-can-beat-bitcoin">View this answer on Musing.io</a>
| author | victoria-bella |
|---|---|
| permlink | fktnn7mkf |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["facebook","libra","blockchain","musing"],"appCategory":"facebook","appTitle":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appBody":"<p>Reporting from Cryptoslate, Peter Schiff, CEO of brokerage firm Euro Pacific Capital, believes Facebook's Libra crypto currency will defeat Bitcoin in terms of stability and cost. BTC supporters Anthony Pompliano disagree. Pompliano said that the two would help each other develop. The controversy over the appearance of this Facbook crypto currency is over, because Libra is coming soon. It is said that this is called excavation on the Gemini exchange owned by the twins Winklevoss, Facebook's digital assets will become stablecoin which is supported by many international currencies. Libra crypto currency is reported to be able to be transferred between Facebook products, with zero transfer fees, which would make the social media platform a unique position in the financial services sector. However, whether this crypto currency will compete with Bitcoin remains a matter of speculation.</p><p>As one of the largest social networks in the world, Facebook has a competitive advantage for companies that want to provide global financial services. The company received funding from major supporters such as Visa, Mastercard, Paypal and Uber, each of US $ 10 million, and is preparing a conglomerate to regulate its network. According to the World Bank, the money transfer industry has a value of US $ 689 billion in 2018. This remittance will be the service Facebook wants to provide. On the other hand, one can argue that Libra targets customers who have never been targeted to be served by decentralized currencies such as Bitcoin. The adoption of Bitcoin has traditionally been broader among the black and gray markets. The use of Bitcoin every day is still rare in most parts of the world and traders are interviewed by Mashable. Traders who accept Bitcoin as payment report that the use of Bitcoin is still rare and they have difficulty adjusting to changes in the price volatility of Bitcoin.</p><p>Could it be that the Winklevoss twins are getting ready to fight over the adoption of crypto currency traders between Zuckerburg's Bitcoin and Libra documented in the 2010 film \"Social Networking\"? The famous lawsuit about who inventors of Facebook might have triggered an endless war. The new partnership between Flexa startup payments and the Gemini exchange of the Winklevoss twins can change that. Flexa utilizes a scanner used by large retailers to facilitate the payment of crypto currencies to large retailers through its Spedn application. This service allows people to pay for purchases with companies such as Whole Foods, Nordstrom, and Regal Cinemas using Bitcoin, Bitcoin Cash, Ethereum, and Gemini Dollar. Customers can pay cashiers with crypto currencies using the application without revealing the currency to the cashier, and traders can choose to accept payments in crypto or fiat currencies.</p>","appDepth":2,"appParentPermlink":"fk9ulhm3p","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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