I feel most of you are severely misunderstanding the goal behind Libra. I am strongly against that Facebook is creating a currency, but it would not be the end of cryptocurrency. If anything this is the preparation to drive mass adoption. Libra most likely will be a stable coin and be used either in conjunction, but in replace of traditional currency. This may be the foundation to eviscerate the current financial banking system, but create a large competitive and growing market for cryptocurrency. Facebook is almost to big to fail, but they aren't to big to compete with. This is why they are entering the crypto currency ring, if you don't see the value and take action in either building on it, or use this moment to the advantage then you'll be left behind.submitted by tycooperaow to CryptoCurrency [link] [comments]
Below I displayed some of my thoughts behind the value it CAN bring. We won't know for sure until their whitepaper is out. Half the world thinks bitcoin is dead, and Facebook is taking their opportunity to be re branded as "New Bitcoin" . Facebook Libra most likely will be the adoption businesses and international traders will use as means for payment. Facebook doesn't want to create another cryptocurrency or enter the financial industry as all of these companies are making credit cards etc..
They want to be the financial median. They don't want to compete in crypto, they want to conjoin and be the thing you need to join crypto.
They don't just want to topple the banks, they want to be YOUR BANK. The thing more profitable than a tech company is a financial one. They could seriously redefine banking.
Then again maybe I am missing the key reasoning for this fork.People often miss the fundamental reasons Bitcoin exists,
Blockchain, the foundation of Bitcoin, has received extensive attentions recently. Blockchain serves as an immutable ledger which allows transactions take place in a decentralized manner. Bitcoin Technical Indicators Reading. The Upper Bollinger Band has bit stretched northward. Short candlesticks are near its path. The 50-day SMA trading indicator and the Middle Bollinger Band are conjoint pointing to the north from underneath. Those indicate that the buyers are somewhat in control of the market. The Stochastic Oscillators have ... This could even challenge Bitcoin’s value proposition as money. But there are potential solutions to increase privacy, and improve fungibility. A solution that has been around for a while is CoinJoin. Background. At its heart, the Bitcoin protocol consists of transactions. All these transactions are completely public on the blockchain, which means that anyone can see which addresses sent ... To do that, you need to go to the “Addresses” tab in your Electrum wallet on Tails and write down the value of one of the Bitcoin addresses that has been listed under “Receiving”. Note: You can also double click on the space on the right of the address in order to change the label of the address. It is recommended that you label it as “Used <current date>”, so you know that you ... The funds will always be in a Bitcoin address that you control. It’s possible to do this in a decentralized way so that the service does not rely on external parties or centralized servers. It just needs the participants of the transaction. CoinJoin can be applied multiple times, and as many transactions are grouped together, participants may save on transaction fees. CoinJoin is the ...
[index]          
You are being LIED TO about BITCOIN 🚨DON'T BE FOOLED! Cuban Gates O'Leary conspire against crypto - Duration: 13:24. FUD TV Recommended for you Onecoin promised the world, but only proved to be a trail of destruction. --- About ColdFusion --- ColdFusion is an Australian based online media company ind... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... If you still believe in the culture shifting, game changing, status quo shattering technology that is #Bitcoin. Congratulations. Many have capitulated. Many have lost interest. You have have not ... 🔵 Join Coinbase Exchange + get $10 of Free Bitcoin: https://www.coinbase.com/join/5907c318879035083aa43147 In today's Coinbase Tutorial, I walk you through h...