5 Libra partners give up on Facebook cryptocurrency

[phabulu 0]

The day before yesterday C | Net (https://www.cnet.com/news/facebooks-libra-cryptocurrency-loses-support-of-five-founding-members/)  reported the departure of 5 major companies that had been announced as founding members of the Libra Association (https://libra.org), an initiative led by Facebook to implement a stable, simple and affordable global cryptocurrency.

[Wrath 149]

Five of libra partners leaving wouldn't hurt the coin, libra still have hundred of companies backing it and bitcoin started with nothing now look at it. There will be no stopping libra, libra is the future of crypto currency and it will rise to the top.

[mostawda3 425]

1 hour ago, Wrath said:

Five of libra partners leaving wouldn't hurt the coin, libra still have hundred of companies backing it and bitcoin started with nothing now look at it. There will be no stopping libra, libra is the future of crypto currency and it will rise to the top.

What do you mean it will rise?
Libera is a stable currency, so don't expect to buy it for $ 1 and after a week it becomes $ 100, it will be a strong currency but not useful in trading

[Bills 583]

I think that the Crypto potential is one thing, but the potential that Facebook has in terms of its business model is another, I am sure that by 2020 these organizations will know that they made a bad decision, I am not a fan of pounds, but the great way in that they can handle this technology will make the adoption very large.

[mostawda3 425]

2 minutes ago, phabulu said:

I think that Libra will be good at the beginning, but it will only make all other cryptos more mainstream, and people will see that LIbra is centralized and not good at all

Libra is very useful for the cryptocurrency market, because it is a popular currency and will be trusted by ordinary people. This confidence will move over time to trust in Bitcoin and other cryptocurrencies.

[jak3 56]

That's good news, honestly I do not think Libra was even necessary Facebook camp accept any other altcoins even Bitcoin in the system.they already have a lot of effort and popularity in the market but even if Libra want to be famous in the market they have to work with the people and spread the information about the coin. They cannot set their and expect everyone to invest in their coin.

[mostawda3 425]

1 minute ago, phabulu said:

It's like a free market for cryptocurrency, people will see Libra and will want to know more and understand Cryptocurrencies, It's the great chance to become mainstream.

Yes, that's what I thought too, we hope that Libera become successful,  so it can contribute to the success of cryptocurrencies, but if it is a failed currency, then, it will negatively affect Bitcoin and Altcoins

[mostawda3 425]

9 minutes ago, phabulu said:

I hope they give some libra to Facebook users for free, I don't the idea of this coin so much, But I will not complain to earn free money.

Facebook offers anything free? Loool
This is impossible my friend, Facebook only take money and never give it Haha
+ Facebook users over a billion can't give them all

[Scottsummers 347]

I read about this a while ago. Ive never thought libra would take off or get the promised backing. I don't think it should for my own reasons. But it's interesting to see the companies that got such a boost from associating themselves creating distance now. Facebook is seen increasingly as a force for bad and I don't think it has the image you could trust. 

[duncun007 3577]

am i the only one who wants them to fail and hope this coin never launch? theyre really going to move lots of liquidity from crypto and have monopoly over the market, let that institutional money pour into bitcoin and alts for everyone to profit.

[setifien 1016]

2 hours ago, Wrath said:

Five of libra partners leaving wouldn't hurt the coin, libra still have hundred of companies backing it and bitcoin started with nothing now look at it. There will be no stopping libra, libra is the future of crypto currency and it will rise to the top.

No, they will and it would be a heavy loss to this project.

Many investors lost confidence in it and they start leaving.

[webdeals 70]

2 hours ago, phabulu said:

The day before yesterday C | Net (https://www.cnet.com/news/facebooks-libra-cryptocurrency-loses-support-of-five-founding-members/)  reported the departure of 5 major companies that had been announced as founding members of the Libra Association (https://libra.org), an initiative led by Facebook to implement a stable, simple and affordable global cryptocurrency.

it is hard to understand what is really going on there... I will report part of what is write into the link you have copied... "We believe Libra will fail without the involvement of the major payments players, as they bring essential, deep payments expertise, trusted payments brands, global acceptance and settlement networks, and relationships with every major financial institution, government, and regulatory body around the world,"

I don't know what to expect right now because there have been a huge investment in this project so I am a bit scared of this situation.

[Thekingcallme 1975]

I told you that even before there were rumors of a Facebook special currency and I said that the currency will withdraw a lot and will not achieve the desired success
Whether they plan or not

[seriousguywithfunnypants 266]

3 hours ago, phabulu said:

The day before yesterday C | Net (https://www.cnet.com/news/facebooks-libra-cryptocurrency-loses-support-of-five-founding-members/)  reported the departure of 5 major companies that had been announced as founding members of the Libra Association (https://libra.org), an initiative led by Facebook to implement a stable, simple and affordable global cryptocurrency.

LMFAO. It is not unpredictable as Libra is just a copy cat digital currency. Its aim is just supporting their own monetary system. It is not decentralized and not revolutionary. 

By the way, Libra is not a cryptocurrency. It is a digital currency.

[Guest]

I would too, libra is centralized bullshit backed by 5 fiat currencies it literally takes every reason of crypto and throws it out the window and replaces it with stupid centralized ideas.

[cheewy 271]

libra is huge, there is many investors from different platform joined and buy the stock. we don't know behind this drama. also U.S goverment still hanging libra, with unrelated reason

[Saoha 189]

8 hours ago, phabulu said:

The day before yesterday C | Net (https://www.cnet.com/news/facebooks-libra-cryptocurrency-loses-support-of-five-founding-members/)  reported the departure of 5 major companies that had been announced as founding members of the Libra Association (https://libra.org), an initiative led by Facebook to implement a stable, simple and affordable global cryptocurrency.

I don't think this has much of an effect on Libra, it still has a lot of supporters and, above all, the biggest social network, Facebook, has always been Libra's biggest prop. Libra is a stablecoin, so it will make the crypto market more popular and more widely used. It will not bring much profit to investment companies.

[duncun007 3577]

5 hours ago, bichou1584 said:

Their currency is different from Bitcoin as it is linked to a range of real currencies.  This is what they fear banks fear losing their dominance in the money market.  It is indeed a threat to the current financial system.  The project is facing a fierce attack that has stopped working on it

im talking the liquidity that couldve been invested in bitcoin is headding to libra, but the thing about libra is that it will lose in terms of privacy because sending bitcoin is anonymous but libra would be linked to an account.

[cryptokram 102]

7 hours ago, Scottsummers said:

I read about this a while ago. Ive never thought libra would take off or get the promised backing. I don't think it should for my own reasons. But it's interesting to see the companies that got such a boost from associating themselves creating distance now. Facebook is seen increasingly as a force for bad and I don't think it has the image you could trust. 

Big effect on the project, even there are still so many investors to the project LIBRA still backing out of investors are big problem to face and there will be more to follow them. investors now are thinking on staying and digging information why the other leave them!

[Elton23 202]

7 hours ago, Scottsummers said:

I read about this a while ago. Ive never thought libra would take off or get the promised backing. I don't think it should for my own reasons. But it's interesting to see the companies that got such a boost from associating themselves creating distance now. Facebook is seen increasingly as a force for bad and I don't think it has the image you could trust. 

I read many of the comments on here regarding Libra and totally agree with your statement. Facebook could have easily adopted btc, ltc, eth, or whatever coin. Yet they have basically stolen the crypto idea, and are trying to make it their own. If Libra was successful, then I fear that would spell disaster for the rest of the crypto markets due to world dominance. 

[Khan 1414]

15 hours ago, phabulu said:

The day before yesterday C | Net (https://www.cnet.com/news/facebooks-libra-cryptocurrency-loses-support-of-five-founding-members/)  reported the departure of 5 major companies that had been announced as founding members of the Libra Association (https://libra.org), an initiative led by Facebook to implement a stable, simple and affordable global cryptocurrency.

This is expected as those departure companies already see what is happening in the Crypto market and now they don't want to loss their wealth to invest in Libra.

[bentayebsalah 2280]

They thought it would achieve the goals they wanted
But after they realized that this would not happen, they decided to leave because of fears and adventure that is without guarantees

[KingScorpio 18]

8 hours ago, bichou1584 said:

Many sovereigns in the United States have stressed that the currency would threaten major currencies and harm public security as well as the risks they pose to the global financial system.

jes the global slavery system, is so damn afraid of people threathening it. they want to ban competition which they preached for all except themselves

[sammys 38]

I think they join in the first time without want it. They just want to crash it with thoose news but zuckerberk wont kneel to them i guess he want it more than before

[Crypto123 0]

Yes, this is true, and these companies are among the largest international companies, primarily Paypal. In fact, Libra faces great pressures and stumbling blocks before launching its project, which makes many people not optimistic about the future of Libra.