/biz/ - Business & Finance

Based facebook destroying shitcoin scams. Now crypto can truly begin. Only the real unique projects that aren't just bitcoin clones will survive.

western union btfo

> The initial group of organizations that will work together on finalizing the association’s charter and become “Founding Members” upon its completion are, by industry:

>Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
>Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, MercadoPago, Spotify AB, Uber Technologies, Inc.
>Telecommunications: Iliad, Vodafone Group
Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
>Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
>Nonprofit and multilateral organizations, and >academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking

What the actual fuck

>>14215942
>Coinbase
BTC will hit massive new highs once this goes into effect. Thanks based ZuckerDroid...I apologize for all the mean memes I posted about you. You just created the biggest worldwide onramp for BTC the world has ever known. Literally 1B new users incoming.

person below me is gay

>>14215824
Literally fucked all cryptos except Monero, Eth, BTC, and LINK. Which were the only 4 relevant crypto’s before anyway.

>>14216254
>Link

Good joke mate

Libra is cool and all but can it do this tough

>>14216254
It affects specially ETH and LINK. Libra has its own blockchain for dapps and smart contracts already on testnet with the goals of Ethereum 2.0

>>14215824
The only ones who should be afraid are stablecoin makers.

Its not bitcoin, its just an easy way to transfer $$£££¥¥ quickly without banks,, its tied to currency prices, meaning it will never moon!

big corps will still be in bitcoin. but this is just a safe and legit form of tether

>>14215824
These are small players. FB trying to do a precautionary move to fight Microsoft, SWIFT, JP-MORGAN , Chainlink mafia. Very comfy.

>>14216303
>safe and legit
>social network company

>>14216302
It doesn’t tackle security nearly as well as ETH and it has no way to communicate off chain which is LINKs entire purpose. Did you even read the technical paper? Clearly not.

>>14216324

Well, if facebook starts stealing money it can't exactly run away can it.

With trillion dollar backers Zuck will end up disassembled pretty quickly.

Its safe for its users, unlike Tether which could vanish overnight, Libra won't.

>>14215824
This is the ultimate shit coin.

>we'll use a decentralized system it's the future
>banks agree on that trust us
>you just have to get a facebook bank account

whats a good exchange for libra?

>>14216358
The only negative I see is in the whitepaper says before each transaction must post pic of benis on fb.
Seems silly to do that waiting in line for coffee

>>14216368
What’s funny is they missed the point of what decentralization actually means, as it’s entirely centralized. This is basically Ripple 2.0.

>pretending to be developing modern decentralized money
>when everything will be based on Facebook
They did it, they found a way

>>14216341
>it has no way to communicate off chain which is LINKs entire purpose
Chainlink is a permissioned network of data from staking nodes. Libra is a permissioned network of data from staking nodes. You may be the one re-reading faggot

>>14216302
They still need decentralized oracles, even if they'd like to make their own centralized one. Customers wont buy it.

>buying kikecoin
shiggy

>>14215824
if you want them to steal your money or enslave you, go for it

>>14216388
>>14216380
>>14216368

I agree that it sucks, but the issue of crypto is that anyone can make one.

People will use it because its facebook.
But conversely using this means more people will get to trust crypto and 'invest' in others. I can see exchanges using Libra instead of tether, and a "sign in with facebook" option instead of KYC.

>>14216402
What the fuck is the point of decentralized oracles if the oracles are KYC'ed and approved by hand.

>>14215824
>women’s world banking

>>14216399
The technical white paper literally says I’m very plain English that they currently have no way to communicate with off chain data for smart contracts. Are you fucking blind?

>>14215824
>womans world banking

>>14216321
>small players
>REALD Partners with VISA and MASTERCARD
>SMALL PLAYERS

>>14216388
Bitcoin isn't decentralized either, so I don't know wtf are you talking about.

>>14216402
NO ONE NEED DECENTRALIZED ORACLES STOP SPAMMING THAT SHIT TO PUMP YOUR BAGS

>>14216419
You can blame that on burek and timo

>>14216419
KYC is needed only at the start. Not when the network is "ready"

all things aside, when and where can i buy some of this shitcoin?

>>14216426
Is it not Libra Core?

"llows a set of validators to providea decentralized database for tracking programmable resources. We have discussed an open-sourceprototype — Libra Core — "

>>14216435
small players compared to SWIFT.

AND YES, IF DECENTRALIZED TRUSTLESS SMART CONTRACTS ARE GOING TO GET USED SOME DAY THEY'LL NEED DECENTRALIZED TRUSTLESS ORACLES

>>14216453
why would you want to hold a coin explicitly designed not to moon, pegged to deflationary currencies? this is literally a "be a good boy and use your facebook social credit score tokens to shop on amazon stupid goy" tier project

>>14215824

>>14216477
>compared to swift

ok, nice trolling faggot.

>>14215824
libtard COIN HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>14216402
nobody is buying your bags sergey. zuck just took a huge dump on all you linktards. sell while you still can or be justed.

>>14216481
>explicitly designed not to moon
in true biz fashion i didnt bother reading the whitepaper, didnt realize it was a stablecoin jej

>>14216227
1 billion × 10c = $100 million in buy orders over the span of 5 years cause they are poor, might move the price up a bit but I doubt by much

>>14216520
I'm not selling

>>14216500
Your days are numbered nazi cis shitlord, women's world banking is coming for your scammy shitcoins and that's a good thing!

>>14216456
That’s only on-chain

>>14216419
The security audit and identiy verification are both optional and only for added security in the early stage for end users. The network is still decentralized in the way it matters: aggregating multiple answers, from verified sources or not, into a single output.
Also:
>As more nodes and transactions appear on the Chainlink network, more automated approaches to determining a nodes reliability will become possible and go on to be implemented.

>>14216561

>>14216539
Eh...lets be realistic fren.

300M * $5 weekly = $78B yearly

>>14215824
Do you even know the purpose of crypto's? This will only benefit Bitcoin and other crypto's which purpose is to bypass this garbage.

>>14215824

>Womens World Banking
Lmao

>>14216289
;)

>facebook creates and controls graph network of the economy in addition to the social sphere
>Zuck becomess overlord
Its been nice knowing you, fellas. Hopefully we can meet up in the dungeons.

>>14215863
why though
a stablecoin can't 10x your money overnight

>>14215824
How to buy ?

Start your FUD engines!!! Libra will track you through the facebook app Uber and mastercard and sell said info.

Is Anita Sarkeesian an advisor?

>>14216952
Is that the cunt from tyt?

>>14216907
I'm literally over the moon right now. Might 2 biggest worries with fbcoin were: (a) not exchangeable, (b) wasnt stablecoin

both of those things are false. in 6 months time this will become major onramp to crypto "savings'. Yes normies will use globalhomo coin for coffee, etc...but they will transfer back and forth from their "savings account"
BTC = store of value

>bitcoin to 3k incoming
bitcoin bullrun delayed as fomo into digital stablecoin sways mainstream.

>>14216950
>Libra tracks you onto RH
>Zuck bogs you on every trade you make

>>14216982
according to the whitepaper only validators which are the mega corps can earn dividends from maintaining the network

>>14216982
No normie wants a shitty volatile store of value in some crypto coin they got burned on back a few years
Theyll keep it in the fucking savings account

pass

>>14216488
>2019
>not investing in feminine hygiene products

>>14217066
Plot twist, will require the new OneWorld™ government ID

>>14217091
don't joke, faggot, that shit scares me

>>14217034
>no normie wants to earn 186% per year annualized over the last 10 years.

Giving internet access to non-whites does have some drawbacks.

Libra is an AIR sign.
Air is represented as 3 horizontal lines.
This logo has 3 horizontal waves - symbol of WATER!

What kind of retard stands behind this project?

>>14215824
All except btc and monero yes.

>>14216302
This

>>14216982
This unironically , this was everyone with more than 100 iq worry.

Zuckbucks have opened the gate from btc to cash through normieland bypassing kyc.

We are going to 1m by 2021 unironically.

>>14217066
All legit exchanges are being forced to do KYC.

binance doesn't count, it won't even exist in a few years

Where the fuck do you buy libra? CMC has not put Libra yet into their lists? Fucking reee !!

>>14215824
how to buy this ?

>>14216302

Good one.

LINK has no challengers even close to production stage. Wake up.

>>14216425

>>14217352
100% ripple confirmed

>>14215824
Just when I thought crypto could save us, jews come and ruin it for us. Jews win again, what a surprise.

>>14215824

The only thing that matters in crypto is will it pump. If it's a stablecoin why would anyone buy it lol?

so i didnt bother reading the whitepaper after seeing that libra's a stable coin. but wouldn't libra users be taxed similar to other cryptos now whenever they go from usd to libra and back? wouldn't this kill normie incentive when they're getting double taxed just to use a shitty facebook currency

>>14219116
Why would their be tax when there are no gains or losses?

>>14215824
BASED BIG DICK ZUCK WORKING THE INCELS

>>14216254
>LINK
Lmaoooooo

>>14216303
THIS

its just a new tether coin that you'll be able to send through whatsapp
who gives a shit

>>14215824
kek, people already rich from 2011 crypto just audibly kekked
by the way: kek!

>>14219243
Remember /biz/ is filled with kids from single-parent homes. They were literally raise in front of the tv for 20hrs per day, therefore they are super sensitive to names they recognize from media:
>Google random blog say word link, diz means we moon! we all have gfs!...
>oh noz, fb make coin...diz mean kill btc!!! i die!!

Its sobering when you realize how stupid these mongs are.

>>14216388
>thinking they missed the point and didn't do it by design
summer is here. i'm out, i'll be back in september

>>14216321
This is his play to become king of the world up there with Bezos/Gates. My hope is that Urbit will deal a critical blow to their monopoly on personal data just as they are launching Libra next year. Meanwhile all of the autists on here will continue to get rich off smart contract and stable coin adoption while making Zucc's life hell via memetic warfare.

>>14215824

Ok so it's basically NWO coin 1.0

>>14220094

Also this will trigger the last dump to 2500USD when the media starts pumping out BTC FUD all summer.

>>14215863
Spoiler: Bitcoin dies along all other shitcoins

>>14216358
>Well, if facebook starts stealing money it can't exactly run away can it.

pic related

>>14220094
this. the whole point of crypto is decentralization.

now buying a centralized crypto defeats the entire purpose of a fucking crypto token. but normies wont understand this.

>>14220332
Its not centealized dummy. All major bank owned corporations will be the validators this adding decentralization. DUH!

>>14216425
>>women’s world banking
gay and bluepilled

>>14217389
>bypassing kyc.

oh yeah? how the fuck do you think thats gonna work

>>14219184
because no stablecoin is perfectly stable so there are always capital gains and losses

OK but wen Airdrop ? so i can shill?

>>14216402
>Customers wont buy it.
My mom lost her fucking house over farmville shit on facebook 10 years ago

How do I buy this?

>>14220620
second most retarded thing she ever did

This is actually bullish for the rest of crypto because these companies will ensure the most favorable of all financial regulations are in place. Were talking no taxes do whatever the fuck you want levels of globalist tampering.

>>14220703
no taxes for them, not you sweetie

>>14220660
lel

>>14215824
Where to buy libra?

>>14220703
Yeah, no regulations and taxes for libra everybody else gets to fo fuck themselves though

>>14220349
>its decentralized
>owned by corporations

pick one, DUH

How can we get rid of (((KYC))) laws? Crypto users need a lobbying group. Repeal this unconstitutional shit.

>>14216379
It's called Facebook.

>>14221091
Its more decentralized than EOS. Lots of "rival" companys taking part.

>>14215824
>women's world banking
dropped

>>14215824
>we chat for the west
GOD NO. PLEASE FUCKING GOD NO!

>>14215824
>>14215890

ripple btfo.

So this is what the Mark of the Beast turns out being?

From Revelations 13:17

The Mark of the Beast
And the second beast required all people small and great, rich and poor, free and slave, to receive a mark on their right hand or on their forehead,
!!!-->
>so that no one could buy or sell unless he had the mark— the name of the beast or the number of its name.

>Libra will start as a permissioned blockchain.
>Libra will start as a permissioned blockchain.
>Libra will start as a permissioned blockchain.
>Libra will start as a permissioned blockchain.
HAHAHAHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAH
IT'S OVER BEFORE IT EVEN BEGUN YOU STUPID KIKE
A PRIVATE BLOCKCHAIN IS THE MOST USELESS PIECE OF SHIT EVER
PRIVATE BLOCKCHAIN THE WORST DATABASE SYSTEM IN THE WORLD
DUMB KIKE MYSPACE CLONE CODER

>>14215824
(((coinbase))). remember this.

>>14216481
To run a node

>>14216402
you're a fucking idiot dude. they have no need for decentralized oracles. think about the data they are pulling in and ask yourself why they can't pull directly from the 'trusted sources' in the OP pic. you thought they were going to pay per API call using your shitty meme token?

>>14224125
RELIABLE, smart-contract tier oracles you shambling retard

>>14223852

>>14220458
this is true and something I didn't even consider at first about libra. they gonna rewrite the tax laws for this shit, or are people expected to document every transaction?

>>14224145
I know what the fuck an oracle is, I'm wondering why you fags think this particular use case needs a decentralized oracle?

>>14223852
It being a "useless" piece of shit is not the point.
It doesnt matter if we know its not a real decentralized blockchain, the massive facebook normie userbase will just see it as the next big crypto since that's what it is made to look like. It will pull normies away from btc and other coins into their own heavily regulated ecosystem aka paypal 2.0

>>14216254
lol fucking LINK... do you have any clue what just happened? They literally made LINK completely and utterly irrelevant.

>>14224317
honestly though, it's about damn time someone did it. obviously btc was never going to be paypal 2.0. it's 2019 for christ's sake and we don't even have a proper internet currency yet.

>>14224390
No one will give a shit about shitbook coin. Especially retarded shitbook users. They are all sub 90 IQ.

>>14215824
>when you think a fiat-basket backed crypto is suddenly going to make every other crypto obselete
Get Zucc'd.

>>14224426
ya, having a built in audience of billions of users too stupid to know what to do with their money sure is bad for business.

>>14215824
> FB pushes NYT (fake news leftist assholes #1) article linked on Twitter
> non-profit
> overbloated amount of big name players and administration
> KYC Wallets (holy shit, no meme)
> literally unlimited supply

women and fags will buy into this shit i guarantee it.

i really don't see why any man with a brain would do so.

>>14224426
i assume there will be a push to make this useable elsewhere in the future.

>>14224455
You know why libra will not replace BTC? Because the value of BTC will keep going up while this new shitcoin follows the same fate as other central bank issued banknotes. Even nano makes a better usecase

>>14224455
They spend their money on weed and booze, stupid shit like that. You think sub 90 IQ people have a lot of money to gamble in shitbook coin.

>>14224426
True
Theyre too busy spending all their expendable brain power trying to be witty and look like theyre so important and smart in whatever shit wagecuck job they do

>>14215824
all the big name partnerships in the world and it's still going to be $1

>>14224516
because it's not a ponzi like the rest of crypto is thb. they'll get their fees. it's not about pumping and dumping for the win

>>14224503
they will if some bigger idiot tells them "Hey man it's the next bitcoin! You're gonna be rich if you buy it!". You underestimate the disposable income of idiots.

>>14224496
lol there you go again, thinking anything about the crypto market is rational. someday you'll learn.

fbshitcoin is tied to currency prices. they need LINK oracles but Sergey don't want Zuckstink

>>14215824
>btc: store of value/digital gold
>eth: the defacto smart contract platform
>payment coins/tokens: DOA now with libra
only brainless room temp IQ retards were buying payment tokens over the past year, the writing has been on the wall forever

>>14222252
money gram btfo.

>>14224563
explain why you think that. did you think link is the only way to get api data to a blockchain? link has the exclusive right to this for all? why the fuck would they use link? seriously, explain yourself

>>14224355
How?

there's already a currency "partnered" with all of them. It's called the US dollar.

>>14215824
Lol link is partnered with like half of these

im an old guy, i've seen a lot of bullshit, i can tell you. these partnerships mean nothing.
everyone of these big names wanted to be "involved somehow" cause "its the hip facebook zuck omg" so there's this huge ass list of "big names". there's some corporate wage cucks that just wank each other now for being so 'blockchain' and trendy.
end result:

they wont produce
libra will be a shitcoin
there's literally no DEMAND

on top of this im getting this HUGE feminin energy vibe from libra. the symbol, the name, the setup. i tell you feminin energy is the guarantee for a LOSS and failure: looks good but doesnt work.

As you get older you notice im not shit talking, the stereotyp is true.
Womens banking is like a....HAHAHAHAH....i dont even want to get into this. This Coin will just go down the toilet IF they ever make it happen.

does anyone alive with a 60+ IQ still actually trust fb?

>>14216254
Add LTC and you're right
Swinglinkers are eternally btfo lmao losing 70% in one day in the bull market
KEK

first to market fallacy doesn't apply here. LINK is the first to legitimize and all the enterprise shumcks haven't figured out the basics yet. you know more than them, and today they need Sergey, he's no god, but at least serves up on mainnet already. they need to race to exploit it - all of them.

>>14216539
Rich kids and rapper niggers will show off their crypto stacks on IG while Jews will be dumping on them ad nauseam

opposite. they admitted they don't know shit and are just pooling "friends" like PP MC VISA to their dumpsterfire. fb is not a thinktank, zuck got lucky and it been a shit-show since 2008. they need LINK to parse the currencies and don't have a clue how to do it. Otherwise it would have been all over that white paper. They are doing a global currency without any explanation of how. Yeah right.
What idiots they think we are... but they know who they are talking to because they know exactly who they are talking too. Get it?

>>14224726
whatever helps you sleep tonight

>>14224657
Jews are feminine, checks out

there will be little demand because facebook has no value except what the already have.
A GlobalBank by facebook is fucking laughable for me, but they know their audience better than any well crafted focus group results could ever render. Some people will believe anything, and facebook will oblige them, that's where it will kind-of work for a while until fb dies.

>>14215824
Besides the fact libra copies multiple patents from Craig. Hah yes libra is ogre

>>14220703
Hehe cute. What makes you think they wont outlaw coins that are not tied to some type of reserve?

Also, I dont understand the purpose of this being a crypto. Theres not a need to build a trust network. The money is deposited into an account and then spent at lets say Uber. Adding a coin on top of this doesnt do anything for trust because the $$$ has to initially come from a trusted source or be held until it clears normal banking process. At which point it can be spent like normal.

I could see the point of this coin as a way to get around the Visa/Mastercard/Discover etc... fees but Mastercard/Visa are partners.

Can someone explain the purpose of this?

>>14224619
you won't get an answer because this retard didn't read the white paper

>>14224317
who the fuck cares about facebook scamming a bunch of normalfags
where are you going to put your money? decentralized permissionless digital gold that has a logarithmic inflation rate
or centralized coin made by a literal kike
LMAO
also BTC does not need normalfags putting less than 500 usd on it
the price comes from a fractal product of hashrate, inflation, liquidity and SHA2 chip efficiency

>>14216561
>tfw no religious gun wielding zealot to hold me in the dark

This is the chance.
Accumulate some BTC till 2020, this will open crypto to all the normies on fb/insta/wa.
I'll try.

>>14216419
Decentralized oracles are completely pointless regardless of kyc.

>>14216477
>THEY'LL NEED DECENTRALIZED TRUSTLESS ORACLES
False.

>>14215824
It's a fucking stablecoin.

>>14217557
>LINK has no challengers
Reality

>>14220660
Rekt

>>14216365
The king of all shitcoins

>>14215824
>fungible
yeah, that's gonna be a no from me dog