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How will Libra affect other Cryptocurrencies?

Discussion in 'Off Topic' started by Jimmy123, Sep 10, 2019.

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  1. Jimmy123

    Jimmy123 New Member

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    Hey guys could anyone explain how will libra affect bitcoin and altcoins?
     
  2. GrandMasterDash

    GrandMasterDash Well-known Member
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    I think short term it will give politicians the green light to endorse or disapprove certain payment methods. Long term it doesn't matter. So long as a project has one dedicated developer and two genuine users, there will always be a place for that coin. Cons beyond the control of government will always be hated yet used in equal measure by the same people with big egos.
     
  3. G1lborg

    G1lborg New Member

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    Do you mean Libra like from an Astologycal point of view? Or I don't get something right?
     
  4. Gabriel Mitacchione

    Gabriel Mitacchione New Member

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    Well Libra is losing lots of it's project associates like paypal, visa, mastercard or mercadopago which are projects dedicated to payment methods so i think THAT specifically makes it lose lot of value.

    They Still got lots of endorsement partners (Important ones) like Vodafone or spotify of uber Tho.

    In general i think Libra will make the crypto space more visible for NoCoiners. Once they understand digital currencies with Facebook's coin then they will probably migrate to other Cryptos with better features like Dash for example.
     
  5. GrandMasterDash

    GrandMasterDash Well-known Member
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    Yes, coins born in the month of October are more rounded and fulfilled.
     
  6. Femicci

    Femicci New Member

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    I guess libra will be some kind of stepping stone for other coins to be noticed by people not engaged in crypto industry.
     
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  7. Gabriel Mitacchione

    Gabriel Mitacchione New Member

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    Yes, probably is not the best example because it is a Centralized ShitCoin but in Venezuela the "Petro" Cryptocurrency was the open gate for the people to start learning about Crypto because it became legal the fact of Using, promoting or paying with all Cryptos.

    The government just works as catalyzer of the process with lots of propaganda around the use of Crypto and launching and funding crypto exchanges or ATMs that support Dash, Btc, Ltc, etc

    Libra could do the same for people in North America.
     
  8. ryanpp

    ryanpp New Member

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    I had not thought of it this way, interesting proposals have here.
     
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