ETH vs LIBRA

[Anonymous No.24377873]

How will the release of Libra impact the price of Ethereum?
Let's face it, this shit will have a humongous user base, and it has smartcontracts. Sure it's centralized censored crap but the average normie won't care. So, discuss.

[Anonymous No.24377896]

Lol libra is dead, cuckzuck did not got it through

[Anonymous No.24377907]

>>24377896
Proff or it didn't happen

[Anonymous No.24377918]

>>24377896
It's going through anon. They got it passed under a different name or some bullshite though some loophole

[Anonymous No.24377938]

>>24377896
it's releasing Jan 2021 retard

>>24377873
don't forget it's a stable coin. the initial idea of backing it with a basket of fiat was interesting, but now it's 100% backed by USD, it's a literal shitcoin
imo it will only help normies get deeper into crypto, which is bullish on the long term

[Anonymous No.24377964]

>>24377938
>the initial idea of backing it with a basket of fiat was interesting, but now it's 100% backed by USD
probably why it didnt get a pass the first time and got a green light now

[Anonymous No.24377980]

>>24377938
>don't forget it's a stable coin
But it still has smartcontracts, which are the greatest feature of ethereum, so there's still competition and the risk of losing marketcap

[Anonymous No.24378066]

>>24377873
Bitcoin will literally die out within days of Libra lauch. Facebook has multiples of Bitcoin's network effect right out the box.
Thoughts? Discuss. Give opinions!

[Anonymous No.24378080]

>>24378066
Facebook's biggest demographic is probably boomers now and they will hate it.

[Anonymous No.24378098]

>>24378066
It won't be a 1 day revolution, Libra will take time to get adoption and most importantly to be further developed. Imo we have enough time for another golden bullrun, then we'll see

[Anonymous No.24378112]

>>24378066
Holy shit I havent thought about it like that even. Bitcoin lives off of its network effect and name recognition. Facebook coin would beat both of these in day 1. I hate to admit that.

[Anonymous No.24378113]

>>24378066
Also did fiat replace gold? No

[Anonymous No.24378132]

>>24377896
Wrong. They hired Chainspace team which is top 3 teams in crypto and so far from the papers i've seen they're not cutting corners on the tech side.

This might be the closest we got to the "final" crypto list:
>BTC
>ETH
>The Graph
>Libra
>Dfinity
>Chainlink
>Bitcoin Cash
>Aave (?)
>Monero (?)
>Synthetix (?)

And another 2 i can't reveal rightnow, sorry.

[Anonymous No.24378163]

This thread is freaking me out. Libra becoming the highest marketcap coin in 2021 would be a nightmare, but more than just a real possibility.

[Anonymous No.24378203]

>>24378163
It's literally a stablecoin. When was the last time tether threated bitcoin or eth?

[Anonymous No.24378235]

>>24378203
biz could just decide to make a bunch of memes and permanently set the reputation for this thing

[Anonymous No.24378283]

>>24378203
basically tether, usdc, libra, etc are all fighting to be the protocol for actual fuderal reserve

[Anonymous No.24378310]

I'll forever hate zuckerberg for ruining my Chainspace moon mission. I had my whole future gains planned in my mind.

[Anonymous No.24378406]

Thanks for the input, anons. Seems like Bitcoin wont even put up much of a fight against a Facebook coin. Insane how things could change so quickly next year.

[Anonymous No.24378530]

Vax coin will ruin it.

[Anonymous No.24378605]

>>24378066
>>24378098
>>24378112
>>24378163
why do you post before even reading what Libra is?
>>24377964
yes that is exactly why. US senate saw it as a threat to US 'soft' power through the dollar (this whole thing about dollar transactions being subjected to US law / sanctions). pretty interesting to see how much they actually don't care about the free market kek
>>24377980
that's true indeed and that's the most worrying part. especially when you see that they bring Uber, Lyft and others with them, so we can cross these out from eth adoption. seems like corporate will more easily "trust" a corporate-created coin
but everything on the libra chain will be subjected to censorship and control, so it can really only bring corporate's interest. it can also mean most micro transactions for mobile games will include libra fiat stable coins, taking away part of eth applications

[Anonymous No.24378633]

>>24378406
BTC and libra are completely different assets
BTC is speculative by nature (rarity) while libra is corporate-created digital USD, they don't play on the same field
can't believe I'm writing that on /biz/, are you guys even interested in finance?

[Anonymous No.24378654]

>>24378132
Remove The graph, dfinity, chainlink, bch, Aave, snx for that list

[Anonymous No.24378655]

>>24378633
you are just responding to an xrp schizo who was only trying to fud bitcorn regardless of how stupid he sounds

[Anonymous No.24378796]

Doesn't matter, didn't read.
UBT and LINK are Blockchain agnostic, you just win.

[Anonymous No.24379049]

>>24378654
I can understand the rest but why remove Chainlink and TheGraph? They seems to me as permanent choices as BTC and ETH are.

[Anonymous No.24379108]

>>24378113

yes it did, gold is no longer a currency.

[Anonymous No.24379129]

>>24379108
And who the fuck cares, what's your point

[Anonymous No.24379163]

>>24379129

what's the bull case for crpyto currency, why would it explode? increased usage. if you lose that to Libra you are in trouble.

"store of value" is a complete meme.

[Anonymous No.24379196]

>>24379163
there were countless reddit shitcoin maximalists espousing the same exact fucking narrative you are years ago and they got btfo by history... You are a fucking retard.

[Anonymous No.24379199]

its a fucking stable coin

[Anonymous No.24379229]

>>24379196

ok, let's say I'm wrong BTC will be valid as a store value meaning it will serve the same function as gold.
Is that what you want? Gold is beating inflation by like 1%, do you want to park your assets in something that beats inflation by 1%?

BTC is currently not a store of value, it's price action is pricing in something else. I don't know what but it's function is clearly not a store of value right now.

[Anonymous No.24379248]

>>24379163
>"store of value" is a complete meme
You can be mathematically proven wrong but whatever

[Anonymous No.24379276]

>>24378132
Snx is a ponzi if you look into it well enough, and aave is a useless governance token
governance does not work, the only way a defi protocol stays competitive is with private teams, or if the product is actually perfect as is. governance by token holders adds nothing

[Anonymous No.24379311]

>>24378132
also Rune will be in there I think
maybe Avax
and 1 other I won't mention

[Anonymous No.24379348]

>>24377918
this
The new name is RosenshekelschlomosteinberghaifaotzwichbenshalomevelyndegoldfarbCoin

[Anonymous No.24379385]

>>24379199
this, if it had been tied to different currencies it could've been something, but as a simple usd peg it's shit
they had to revise it so it doesn't threaten the usd debt printer scheme, it's pointless now

[Anonymous No.24379436]

All other coins are no match for nacho Libra

[Anonymous No.24379506]

>>24379199
>its a fucking stable coin
>>24379385
>as a simple usd peg it's shit
Smartcontracts, can you read? It's in the OP

[Anonymous No.24379604]

>>24379229
investing in btc/gold/commodities = shorting the fiat ponzi
worst case scenario (great reset prophecy comes true) and we will use btc and gold to buy red meat on the black market
Libra is a 100% USD stablecoin, you are right when you say that normies will flock to it in the first place, for convenience, but as time goes by and they learn more about crypto they will realize that it's nothing more than a digital dollar and their funds are NOT safe. most of them will not care but even 5% of 2.5bln facebook users getting deeper interest is more than all current active ETH addresses

[Anonymous No.24379617]

>>24377873
Bros how will Libra affect RSV bros?

[Anonymous No.24379975]

Who the fuck is going to use Libra unless Facebook buys Stripe or Square, if Square released their own coin I could believe them since they own CashApp and it is big with normies and businesses and people can pay using their own CashApp crypto.

[Anonymous No.24380535]

>>24379975

Ever heard of WhatsApp?

[Anonymous No.24381243]

>>24379276
can you explain this a little more anon, i thought those were relatively solid long term holds?

[Anonymous No.24381273]

>>24377873
The average normie doesn't drive even 1% of the price and cap. The critical thing is whether funds and banks are interested.

[Anonymous No.24381301]

Can someone tell me one thing that has actually been accomplished with smart contracts?

[Anonymous No.24381318]

How is Libra going to be any different to Reddit gold or AWS? It’s a centralised platform for smart contracts and value, you can do the same things with those, what’s the appeal to anyone at all? It’s like they looked at ethereum and removed the only unique thing about it

[Anonymous No.24381524]

libra will be a stablecoin?

[Anonymous No.24382328]

Libra v1.0.0 is ready since Oct 16, 2020.

[Anonymous No.24382912]

>>24377873
will there be any point in holding the libra token if it's just a stablecoin?

[Anonymous No.24382998]

>>24382912
Probably no, unless zucc pulls out some shenanigan but AGAIN it's the smartcontract part that should scares eth holders

[Anonymous No.24383059]

I bought the RBC tokens and I was excited by the first rewards! Do you ask why?...

> monthly growth rate over 400%
> Multichain: Ethereum, Binance Smart Chain, Matic
> ROI has reached 150%

> https://rubic.finance/
> @cryptorubic_chat

Hurry and take money into your hands!

[Anonymous No.24383132]

>>24377873
Libra dev here. You guys have no idea what is down the pipeline for Libra. We are working with Neural Net, and the Gates foundation in so many different ways. Here's a teaser. Imagine you are walking down the street after recently getting your neural link and microsoft chip implant. You see a group of BLM protestors and they are holding all of their signs up, protesting. Some rage arises within your mind, and you yell something offensive. Practically instantly, the software will begin to work it's magic and prevent you from interacting with different aspects of society. In the same situation you walk by BLM protestors, and instead of getting angry, you cheer them on and join them. Instantly we will credit you a fixed amount of libra directly to you through neural net, and you will be rewarded. You have no idea what this world will be like by 2030. Better get rich asap, cash out, and find yourself a nice off-grid self sustainable living situation.

[Anonymous No.24383238]

>>24383132
Awful larp

[Anonymous No.24383264]

>>24383132
based

[Anonymous No.24383303]

>>24383132

This is gross. I don't want to own Libra, I want to own nothing and be happy.

[Anonymous No.24384699]

>Hold $25,000 worth of Libra
>have wrong opinion
>lol anon, we can't find your funds

[Anonymous No.24385415]

>>24384699
>Oh no! Your funds have been locked and cannot be transferred to another address!
>Please contact Libra Support for more information regarding the status of your wallet.

[Anonymous No.24385490]

Big tech starts and fails large tech projects all the time. Libra will go the way of Google Glass very soon, just like Kin did when they were too greedy with their ICO. And everyone in the media will have "no idea why it failed", etc. because they ignore all the corporate greed, profit for Facebook, built into projects like this.

[Anonymous No.24385668]

It's pegged to the dollar, who cares?

[Anonymous No.24385683]

>>24385490
>Libra will go the way of Google Glass very soon
I would say oculus to stay more on topic but yeah, you're probably right

[Anonymous No.24385831]

>>24378132
No XRP
ngmi

[Anonymous No.24385836]

>>24385490
Bit that's good right? We know it's going to fail so we treat it as a pump and dump

[Anonymous No.24385930]

>>24385668

Oh and also it's not a real crypto cause its not decentralized. It's like xrp

[Anonymous No.24386692]

>>24385930
This is sperg shit, dumb money doesn't care

[Anonymous No.24387765]

Libra will be adopted by the normie mass, used in Latam and African countries where facebook is the most popular social media network. It is not tied to Facebook but it will promoted and embeded on it.
Facebook marketplace? Ads and Marketing with promotions to adopt it? Instagram, Whatsapp integration?
The goal of Libra is to be easy for mass adoption and it has everything it needs to achive it.
You don´t need to be a genius or a visionary to understand this is it. This is how cripto starts getting used instead of fiat.

[pajeet No.24387826]

>>24377873
libra wont have any effect, because its gonna be a stable coin lol ..... so it has no value or worth or point, people may buy into it then realise its just a coin that remains at $1 and is just to be a middle man for buying shit... like fucking ubisoft points or whatever used to be for their DLC lol fucking pointless and not needed