I ve seen a post somewhere wherein the government is opposing
Libra coin, this coin is what is said to be the next global coin or will be a universal coin why because as we know libra is connected to facebook, this brings issue with the government since face has almost the information of all facebook users, if this coin push through libra will be the dominance coin, but it also brings fear to the market and the people why facebook will have the power to control everything and manipulate it because of the information they have, so I think there will be no rival coming because libra will be stop by lots of country and goverment
Topic: A New Bitcoin Rival Is Coming? (Read 13129 times)
If Libra or Global coin could really work in the crypto market, I think it would be an even bigger competitor to bitcoin and it could even make bitcoin overshadowed.
With more than 2 billion customers using Facebook and an increasing demand for advertising, it will create a great demand for Libra coin and it will overwhelm Bitcoin in the future.
With more than 2 billion customers using Facebook and an increasing demand for advertising, it will create a great demand for Libra coin and it will overwhelm Bitcoin in the future.
We have learned from the past that Bitcoin can´t be overbeated by any other cryptocurrency, even it seems better, provides faster transfers, but that is not enough!
Now we just do not see any serious competitors for bitcoin. if in the future global corporations can unite and create some kind of cryptocurrency, then it can be a strong competitor. but it is just my fantasy. Bitcoin is now number one and will remain number one for a very long time This FB coin will be nothing more than a centralized stablecoin. No matter what Zukerberg says about it.
Facebook have a long history of selling their users private data. Even when they implemented end-to-end encryption in WatsApp they are still keep saving backups of conversation on centralized cloud. FB usually bans everyone who does not support their liberal left ideology.
After that I would say that there is no connection between FB and true crypto market. Or maybe only a name.
I agree, this centralized stablecoin cannot compete with decentralized and fair distribution of bitcoin. I wouldn't call this a rival for Bitcoin, facebook stablecoin will be no match for Bitcoin. I can called this a rival of USDT as they are all centralized stablecoin that prints coin if they want to add their holdings and dump it on the market. It surely helps to fasten the adoption of cryptocurrency but it damages it as well in the inside. Facebook have a long history of selling their users private data. Even when they implemented end-to-end encryption in WatsApp they are still keep saving backups of conversation on centralized cloud. FB usually bans everyone who does not support their liberal left ideology.
After that I would say that there is no connection between FB and true crypto market. Or maybe only a name.
China’s cryptocurrency czar believes that while the world powers do not welcome Facebook’s Libra, the stablecoin’s advance might now be unstoppable. However, there are still a few back channels through which users could circumvent the ban to purchase Libra, he said, citing underground Bitcoin trading in China as an example of how it could work.
We have learned from the past that Bitcoin can´t be overbeated by any other cryptocurrency, even it seems better, provides faster transfers, but that is not enough!
I believe that record high hashrate of Bitcoin shows its power.
LIBRA IS FAR FROM BITCOIN AND WILL/CAN NEVER REPLACE IT , as far as i know , libra is still strugling with it's technical and financial situation , it will only help bitcoin when it is finished
I came here to read comments and technical analysis, and just saw the picture of Facebook CEO, what came to my mind was a stablecoin. How will a stablecoin rival bitcoin? I will need to consult the dictionary of the world. I was expecting to see that Staoshi was out with another project! lols. We only know of bitcoin and the rest are altcoins.
Many people compare new coins with Bitcoin and say that they will replace Bitcoin, but it looks silly when they start to say that centralized coins can replace Bitcoin. Moreover, the growing dominance of Bitcoin this year showed that many altcoins are simply useless and therefore die.
This " A New Bitcoin Rival Is Coming " is just a disgusting and stupid tittle. It is an excellent example of pour journalism and click-baiting people. Libra is nothing close to BTC or any crypto currency. It is much closer to FIAT then BTC.
well that's what they need to know with that LYBRA and BITCOIN have different functions and goals. Bitcoin is one of the profitable investment coins in the last decade, precisely in 2017, prices have jumped sharply, while Lybra is a new coin that hasn't even been marketed in the digital industry. Even though Facebook has a large partner, I'm not sure Lybra will replace Bitcoin in everything.
This " A New Bitcoin Rival Is Coming " is just a disgusting and stupid tittle. It is an excellent example of pour journalism and click-baiting people. Libra is nothing close to BTC or any crypto currency. It is much closer to FIAT then BTC.
well that's what they need to know with that LYBRA and BITCOIN have different functions and goals. Bitcoin is one of the profitable investment coins in the last decade, precisely in 2017, prices have jumped sharply, while Lybra is a new coin that hasn't even been marketed in the digital industry. Even though Facebook has a large partner, I'm not sure Lybra will replace Bitcoin in everything.
This " A New Bitcoin Rival Is Coming " is just a disgusting and stupid tittle. It is an excellent example of pour journalism and click-baiting people. Libra is nothing close to BTC or any crypto currency. It is much closer to FIAT then BTC.
yes maybe it's a new rival for bitcoin but i doubt whether facebook coins can replace the top coins in the crypto market like bitcoin, in my opinion bitcoin will be the top coin in the market and it is difficult for new altcoins including facebook coins to replace the positions held by bitcoin.
no need to go far, that we take the example of altcoin which is close to bitcoin like ethereum, they have been for many years in this market industry but until now also cannot replace the position of bitcoin. so I don't think a new coin (LYBRA) can replace Bitcoin. Bitcoin will always be the top coin in this market.
yup! you are right and i strongly agree with your opinion. how can altcoin that just came can replace bitcoin, it seems impossible.
i think, LYBRA still needs a very long time to become a substitute for bitcoin and it has almost no chance at all to surpass bitcoin. to replace ethereum alone is still too heavy for LYBRA.
Facebook Libra is just a rival for stable coins like Tether, TrueUSD, GeminiUSD and so on.
But I believe that the real competitor is only Binance Venus that was created to become an alternative for Libra.
But I believe that the real competitor is only Binance Venus that was created to become an alternative for Libra.
no need to go far, that we take the example of altcoin which is close to bitcoin like ethereum, they have been for many years in this market industry but until now also cannot replace the position of bitcoin. so I don't think a new coin (LYBRA) can replace Bitcoin. Bitcoin will always be the top coin in this market.
Strongly agree with the opinion you expressed, because I also think that way, because for new altcoin it will be very difficult to replace the position of bitcoin in the market, and that we can see in the examples of coins that already existed compared to coins that were already there will be born like LYBRA. in my opinion no one can compete with Bitcoin at any time ... because Bitcoin is the king of all coins ... even though there will be the latest coin with the latest breakthrough ... but bitcoin remains the number one in the world of cryptocurency ... there are very many altcoins created and until now no one has been able to defeat the greatness and endurance and popularity of the king of coins.
Being the first to come up with huge support from the community gives the advantage for Bitcoin. Even if there's already a lot of competition that's been introduced from time to time, but the big success is still enjoyed by Bitcoin. Rivals are there, and eventually, it will create noises around crypto currency. Only time will tell if there's enough reason and finished products to offers. 
I dont understand why people are comparing or making the FACEBOOK coin to be a rival for BITCOIN.
Why can't they think that this LIBRA will be a great support for BTC and acceptance for cryptocurrency all over the world,
Why can't they think that this LIBRA will be a great support for BTC and acceptance for cryptocurrency all over the world,
Competition is a good thing so the presence of Facebook (globalcoin) that can compete with bitcoin will make the market excited, I hope Globalcoin is able to become a large coin so that it makes many countries open and accept crypto.
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