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Libra

A global cryptocurrency by Facebook

1.4/5
About
Libra is one of the most anticipated product in blockchain space as it marks Facebook's entry in cryptocurrency. Libra already have major partners in industry and this project will make cryptocurrency accessible for billions of people in the world.
Would you recommend this product?

Some developer looked into Facebook’s new coin Libra code and opened a pull request addressing a critical security vulnerability that is - centralization of authority and decision-making power. The PR suggests fixing the centralization issue by replacing the whole project code with Bitcoin’s code. The PR got over a hundred comments and likes before getting closed by Libra.

Pros:

Nothing

Cons:

Since it is coming from Facebook, it can not be private and secure

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stuff

waste of space

Pros:

nobody asked for this, they are not filling a need.

Cons:

Everything about this feels icky I have no trust in FB

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Pegassus

Airwire is the real mass adoption of crypto. They're becoming an ecosystem in the crypto world, with their universal sending tech, easy airdrops and awesome features on the horizon.

Pros:

Can help Airwire.io get up there as a mass adoption platform.

Cons:

Not trustworthy. They srew up our privacy. Now our Money?No thanks.

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You just said it all'i even wonder if he ever will respond to it, the logo was stollen anyway in the same way as facebook
Founder Mesh.Finance | Founder, Mudrex

Let's see how MOVE itself evolves around blockchain devs.

Pros:

It would accelerate adoption and awareness about cryptocurrencies and blockchain.

Cons:

We don't know how much privacy would be compromised.

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Founder of Redbearded
Yeah... I don't trust FB one bit.
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Testnet is up, let's develop.

Pros:

Open source, global cryptocurrency

Cons:

Facebook has a sketchy history of privacy.

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Late 30s IT veteran

It’s bad enough that there’s simply no good use case for cryptocurrency or blockchain, but the idea of any sane company associating themselves with Facebook for these purposes makes me sick to the stomach. This is a company that has shown flagrant disregard for user privacy, honesty, and integrity. They simply aren’t a company that anyone could or consider being trusted in this or related spaces.

Pros:

Nothing.

Cons:

Facebook’s involvement

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CEO @Mudrex

Move like ETH has a great way to make money programable.

Pros:

Libra is what bitcoin should have been. It is fast, works with the best in the world and is looking to open

Cons:

Cetralization of facebook. Although they do plan to move to something permissionless over time, the way it is right now concerns me

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There are already better solutions and more robust forms of digital scarcity. This is redundant shitcoinage. #deletefacebook

Pros:

really? Facebank? I see no pros. with Facebook's awful track record, this is the last thing the world needs.

Cons:

Giant conglomerate eating the world into oblivion.

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Trailmarks.co Founder

"move fast and break things" combined with total power over your life

Pros:

Nothing

Cons:

The capstone of enslavement

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Head of Product Design

Facebook's Libra is not a real crypto currency, it is Facebook-centralized and regulated tender.

Pros:

None

Cons:

Regulated and censored by Facebook/Calibra,.

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Compete with Bitcoin & say Why its better. Overhaul FB Organz

Pros:

same old E currency

Cons:

FB privacy & censorship issues, covering for terrorists etc & inaction

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There is a small cap cryptocurrency project called as Social Send. Even with lack of resources, they are the first one to release social send platform connecting facebook, twitter, discord, email etc. and one can send money from one account to another easily. I like their concept from the beginning, I still believe on them as they have made too many partnerships and progress even on bear market. What I think is, facebook can approach them and grab the community, trademarks and release it with Social Send name. Thats much catchy and it describes its purpose. Link : https://socialsend.io and https://socialsend.net I prefer them because they dont need any KYC info from user. Just the issue with their volume and lack of some million $ marketing. PROS OF LIBRA : > It will give much exposure to cryptocurrency market. > It will solve issues of international payment. > Huge partnerships with big entities. CONS OF LIBRA : > Its value with inflate with inflation on USD, EUR, JPY and Interest rates. > Many people use cryptocurrency to have privacy but it may not be possible with Libra >> Not fully decentralized

Pros:

Good for cryptospace

Cons:

Copy of SOCIAL SEND ; with additional level of centralization. Low cap VS Billionaire...

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Am not content with your comments, stop defending theme you are not honest

Fb trying to make "Blockchain" and "crypto " buzzwords to attract investors ...

Pros:

Nothing

Cons:

NoT Ttrustworthy

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Writing, programming, not giving up

No and no

Pros:

Good topic to discuss with people

Cons:

This is how cyber punk begins.

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So where do I download their Node Kernel how do I setup a wallet?

Pros:

It's mission to achieve a global currency with a decentralised Blockchain as a strategy.

Cons:

For a Public Blockchain Network – they're very light on details on how one's on computer can be part of the network.

so...this comes from facebook

Pros:

It is a good and necessary thing for XXI century

Cons:

Comes from #FB

I think if they can overcome the trust issues, this could be game changing.

Pros:

Crypto by a company with high consumer reach and strong engineering is powerful

Cons:

Facebook's privacy record isn't amazing

The Jucktion

privacy

Pros:

none

Cons:

facebook

https://onezero.medium.com/thoug...

Pros:

- make PR to other real crypto currencies

Cons:

- It s not real crypto - due to how was first crypto defined - it s not using real blockchain

Stop this dirty technology for once and all. We gave them our information for free and they became rich by selling it , now they wants to move much further,make curency.. NO WAY. BIG THUMBS DOWN.

Pros:

NONE.

Cons:

True, it would accelerate cryptocurrencies ofcourse its facebook but the whole point about crypto has been shamed down by Mark .