Will Libra Coin Become Bitcoin Price Zero ? What Libra coin will Benefit us ?

in #mgsc5 years ago

                                       There has been a big rally in the Market due to the Presence of Libra coin. Some peoples are commendable And Some peoples are Intimidated. 

                                              There are so many questions about Libra coin. Like How to buy And sell, Will Libra coin under BTC, Libra coin can be handled from paypal, Master card, Facebook. There are many such questions to buy and sell Libra coin. “But My opinion is Libra coin Can’t be bought from a Bitcoin. 

                                            

                                                 On June 18, Facebook Announced that it is going to launch a Global digitalcurrency by the first half of 2020. The currency has been named LIBRA. It will be run by the Libra Association, a geneva-based entity that has over two dozen founding partners, including Facebook Mastercard, Visa , Uber and the Vodafone Group.  

 https://medium.com/swlh/libra-is-not-facebook-coin-and-its-damned-near-perfect-4bff77e58cb7 



 Halt Libra? US Lawmakers Call For Hearing on Facebook’s Crypto 

 https://www.coindesk.com/halt-libra-us-lawmakers-call-for-hearings-on-facebooks-crypto 

  The head of the U.S. House of Representatives Financial Services Committee wants Facebook to stop developing its new Libra cryptocurrency network – at least temporarily.  


  -  Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset Classes  

 https://www.ccn.com/max-keiser-bitcoin-beat-asset-classes/ 

  Broadcaster Max Keiser is a Noted bitcoin bull. The host of the keiser Report on media channel RT is well-know for his $100,000 bitcoin price forecast, Telling the world time and again to keep accumulating the digital currency because it is on its way to hitting six figures.   

  · Libra will not rely on Cryptocurrency mining. Only members of the Libra Association will be able to process transaction via the permissioned blockchain.

  

  · Libra hopes to transition to a permissionless proof-of-stake system within five year although their own materials admit that no solution exists “that can deliver the scale, stability and security needed to support billions of people and transactions across the globe through a permissionless network.”     


  · Bitcoin users who have their own private keys and wallets can send money to anyone and do not require permission. In case of Facebook’s coin, governments are already wary of it and are starting to push back. Also, Bitcoin doesn’t care where you live and who you are, but Facebook will have to fall in line. Facebook coin will have to ban Iran, North korea and other countries which are on the sanctions list as well as some individuals.