Are any crypto currencies widely used for transactions these days? ie the classic coffee shop purchase. BTC had a start but now seems only useful for people buying as an asset.
Diem – A rebrand of Facebook’s Libra
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Re: Diem – A rebrand of Facebook’s Libra
#32Earlier quoted context omitted.
I’m not sure about that. Whatsapp and Instagram are going in the opposite direction, they added Facebook in the Splash Screen.
That "unified" splash screen is menacing. A constant reminder that wherever you turn, it's a FB property. With Google/Apple/Microsoft it's quite straightforward, everything they make is clearly their style, their brand. This is not the case with Facebook's properties, they don't have a unified design language or branding. So adding a unified splash is a step in "marking it's territory", I just hate the feeling of tha…
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Re: Diem – A rebrand of Facebook’s Libra
#33Are they rebranding because of bad publicity?
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Re: Diem – A rebrand of Facebook’s Libra
#34I don't think an interesting cryptocurrency will ever come out of the US , they have the dollar.
Re: Diem – A rebrand of Facebook’s Libra
#35Libra was interesting. With their basket of currencies and easily programmable contracts, it was a semi-unique project in crypto space. Over the months, their ambition has been cut a lot by regulators. No more basket of currencies, now just US Dollar. At this point I'm not sure there's any benefit to it being on the blockchain either.
> Libra was interesting. ..., it was a semi-unique project in crypto space.
I think It was mostly interesting, because It had a potential of going real mainstream if FB really pushed it to it's millions of users that are not technical in one way or the other.
Technically, there is so many ambitious projects going on in crypto space anyways.
Re: Diem – A rebrand of Facebook’s Libra
#36I don't think an interesting cryptocurrency will ever come out of the US , they have the dollar.
This is the most on point comment.
Re: Diem – A rebrand of Facebook’s Libra
#37Libra was interesting. With their basket of currencies and easily programmable contracts, it was a semi-unique project in crypto space. Over the months, their ambition has been cut a lot by regulators. No more basket of currencies, now just US Dollar. At this point I'm not sure there's any benefit to it being on the blockchain either.
Was there ever any benefit to using a blockchain - other than marketing BS, of course? It was always Facebook (or their chosen partners) who controlled the coin, so the blockchain was pointless - there never was any decentralized trust, as I understand it?
"Blockchain" in some sense can also be seen as a programming framework where you have a common set of functionality that people know how to work with and can gain a transferable skill set with. Similar to how MVC knowledge is to some degree transferable between Rails and Django.
So in that regard I wouldn't immediately dismiss a usage of a blockchain as pointless. Given that PoA chains are usually pretty efficient, there also doesn't seem to be an immediate downside to it.
Re: Diem – A rebrand of Facebook’s Libra
#38I don't think an interesting cryptocurrency will ever come out of the US , they have the dollar.
US has a culture that knows that resisting the change isn't way to stay as #1, and you better innovate and disrupt yourself. However, state's innovation might not end up being what crypto advocates are looking for.
Re: Diem – A rebrand of Facebook’s Libra
#39Are any crypto currencies widely used for transactions these days? ie the classic coffee shop purchase. BTC had a start but now seems only useful for people buying as an asset.
In my experience, most shops that accept Bitcoin also accept Bitcoin Cash or Ethereum. I personally use BCH to purchase domains from porkbun.
Re: Diem – A rebrand of Facebook’s Libra
#40Good riddance but im not sure how. The entire idea of Libra as a cryptocurrency was more ludicrous than any state adopting btc. It essentially was the western Union / paypal with same contributors but with a shiny new word, crypto.
My question. What is the "benefit" of using Libra when you can just as easily transact with xrp ? Dictatorship by Facebook first, tracking of spending for MOAR ADS.
Who benefits from Libra ? Not the end user at least. Oh and fees. If there are no fees on Libra,why is PayPal investing money in this model ?