I will be agreed to someone who thinks that Libra and Bitcoin has a different purpose.
Indeed, bitcoin was supposed to be a new payment system in this era or also in the future but in the fact, the people nowaday just have one intention to hold bitcoin as mean of an investment place instead of a payment system.
This is why many developers out there who take it as a chance to make a token/coin which can be used as a means of the payment system so there will be many people who can be able to use it. There is a marketplace who just use cryptocurrency (an altcoin) as a mean of payment system and I've tried it once time. So, when the libra coin has really come I will be an enthusiast of it, at least it can be used as free promotion for most people aware of the utilization crypto currency.
Topic: Does Libra still pose a threat to Bitcoin? - page 2. (Read 568 times)
There's a possibility of Libra survive the rough regulations given to them before their launch and some of these regulations are purposely made to thwart their efforts and step aside for the bigger guys(Banks) to shine again. Libra be a threat to Bitcoin is not feasible feasible, we all know that this project is centralized and not decentralized like Bitcoin, so, I can't find a comparison between the two project even though Libra scale through the Huddle's.
All the same, a cryptocurrency that will be better than bitcoin will ever be launched on the market. And even if it's not Libra, it will be a different crypto.
I thought that the Libra project collapsed,because all the partners left and the US authorities threatened the project.Is Libra relevant again?Will Facebook continue this project without any support from other partners and without permission from the US authorities?
Talking about a project that still isn't launched(there's a possibility that it might never be launched) is just pure guessing,fantasizing and rumors.
Comparing libra with bitcoin is also wrong.Facebook just wanted a payment method for their services,they don't want a new cryptocurrency that will dominate the crypto world.
Talking about a project that still isn't launched(there's a possibility that it might never be launched) is just pure guessing,fantasizing and rumors.
Comparing libra with bitcoin is also wrong.Facebook just wanted a payment method for their services,they don't want a new cryptocurrency that will dominate the crypto world.
Until now Libra is still facing so many issues, I wonder if they will continue this project or not. I think it will not gonna launched (well, not yet), let's wait for their official announcement if they will gonna procceed Libra or not. But on the other hand, it is not and will never be a threat to Bitcoin. They have different features and protocol in the first place. Comparing those two is useless, they are way too different.
I don't understand why there are still "experts" who are thinking that they possess the depository of knowledge and wisdom as to Libra and Bitcoin. While certainly, there is a big possibility that Libra can soon be emerging as a very competitive payment cryptocurrency the whole can use, we have to remember that this is just a potential and that it is not going to be an easy ride for any so-called payment platform to win the global market. We have to remember that the brand behind Libra is suffering from reputation problem. In addition, Libra is centralized and under the full control of a group of entities, something which Bitcoin is not. I have no problem with Libra and yes one day I can also be using it but it does not mean that I am leaving and will not anymore be supporting Bitcoin. The whole marketplace is quite big and we should allow open competition...whoever wins in the end is beyond me to predict.
Libra never posed a threat to bitcoin. Even the leading person for the Calibra project, David Marcus clearly stated that on his tweets to clear the confusion. Libra was supposed to be a global currency for the facebook platform oriented around advertising. Bitcoin on the other hand does not compete with Libra on that.
This is right. In fact, bitcoin is a decentralized system, while Libra is totally made for centralized governance and focuses on facebook and their affiliated and group of companies under their umbrella.
Its been a while hearing news again on Libra, this project will never be a competition to bitcoin, not even considered a competitor to altcoin top most project ethereum.
As in the article the usage of Libra might increase in a very short time period, but the same doesn't mean bitcoin usage will be overcome by Libra. Bitcoin isn't an speculative instrument, it is speculative by the way it functions. With the launch of Libra surely our financial needs will also be given into the hands of a centralized authority. When it comes to finance people expect security and independent usability. Bitcoin provides it, and this makes bitcoin successful than Libra.
I think libra is not a threat to bitcoin, because libra is a stablecoins and different from bitcoin. When compared as payment indeed libra
is better than bitcoin, even libra can be more popular than bitcoin. Because of the fact stablecoins are more popular. Although libra is
more popular and better in terms of payment, it doesn't mean that bitcoin can be defeated by libra. The proof is bitcoin from a decade
always dominates the market. Because bitcoin can make money, and can also be a source of income. Even bitcoin can make us rich.
is better than bitcoin, even libra can be more popular than bitcoin. Because of the fact stablecoins are more popular. Although libra is
more popular and better in terms of payment, it doesn't mean that bitcoin can be defeated by libra. The proof is bitcoin from a decade
always dominates the market. Because bitcoin can make money, and can also be a source of income. Even bitcoin can make us rich.
I just don't get it. It was clear that Bitcoin and Libra have different use and purpose and this people just keeps comparing Bitcoin and Libra. Also, why is his arguments about banks? are they going to use Libra for banking and leverage purposes? If that's what they want, I'd still rather stick with Bitcoin than that another centralized shitcoin who thinks his better than the king.
Libra never posed a threat to bitcoin. Even the leading person for the Calibra project, David Marcus clearly stated that on his tweets to clear the confusion. Libra was supposed to be a global currency for the facebook platform oriented around advertising. Bitcoin on the other hand does not compete with Libra on that.
John vraz has no clue what Bitcoin really is, in terms of scalability Bitcoin can adopt through any scenario and can be modified through consensus because it has open source code and it doesn't have central authority to control it with no inflation as what Fiat currencies are through printing money out of nothing. This is what Bitcoin true value compared to other assets.
IMO, even the mainstream news is not talking about Libra, it is not a threat to bitcoin.
I think Facebook libra is just giving more mainstream coverage to bitcoin, meaning, people will still look around and will discover the bitcoin, the opposite of Libra.
I've just read something that Libra has a collaboration with Dapper Labs, the one that created CryptoKitties and Flow Blockchain. Not only on Dapper Labs, they already have connections multi-millionaire company so definitely it will give a good and popular name on the public. Their partnership will make Libra as a major competitor on all assets.
I think Facebook libra is just giving more mainstream coverage to bitcoin, meaning, people will still look around and will discover the bitcoin, the opposite of Libra.
I've just read something that Libra has a collaboration with Dapper Labs, the one that created CryptoKitties and Flow Blockchain. Not only on Dapper Labs, they already have connections multi-millionaire company so definitely it will give a good and popular name on the public. Their partnership will make Libra as a major competitor on all assets.
They can't even take off because of so many regulatory bodies opposing Facebook's Libra, then how can we say it will be a threat to Bitcoin? Remember that they are supposedly a payment system, however, a payment system built or at least patnered with a another gateway, i.e. Visa, banks etc. So it really defeat the purpose of what crypto enthusiast wanted, a borderless, permissionless, decentralized system. If Libra will push through, most likely their competition will be XRP.
It's been a while i heard about libra. Well personally i don't think libra is a threat to bitcoin. There are many points for that and the biggest point is "Decentralization". People will not get over on bitcoin because of some centralized platform doesn't matter how much customer have libra. May be it'll be another XRP not more than that (in my opinion). 
Libra and Bitcoin are different, I don't think that Libra will threaten BITCOIN.
Although later Libra has become a digital currency and has been circulating in the general public, but the value of Libra will not be the same as Bitcoin.
While the advantage of Bitcoin that Libra will not have is its value, Bitcoin which is a digital currency that has fluctuating properties is an advantage that greatly benefits its owner.
Although later Libra has become a digital currency and has been circulating in the general public, but the value of Libra will not be the same as Bitcoin.
While the advantage of Bitcoin that Libra will not have is its value, Bitcoin which is a digital currency that has fluctuating properties is an advantage that greatly benefits its owner.
The question is, would they able to pull it through? We've known that this one does still have lots of works to be done and there are lots of opposition for this project to be launched.
Didnt expect that this one still have some talks and asking if this one pose a threat? the answer is "NO" ..
Didnt expect that this one still have some talks and asking if this one pose a threat? the answer is "NO" ..
they are still pushing thru the Libra project and now they released a revised whitepaper. so they will be creating various stable coins this time not the original plan of creating a global digital currency. this move clearly shows that they are totally different with bitcoin. if they are based in certain fiat currencies, then their value depends also on the fiat where they are based of and that means the price is relatively stable. It is the same as you are using your own fiat currency but this time, in digital form. so no threat to bitcoin as they are totally different in nature.
https://www.financemagnates.com/cryptocurrency/coins/facebook-libra-updates-white-paper-to-woo-reluctant-regulators/
I thought we already established last year that libra was in no way a threat or competition to Bitcoin? Libra is speculated to be a highly performant project. While this might be true (we're yet to confirm as it hasn't been launched), Libra would've to get adopted. It'll possibly take some years for the project to get a spot in the crypto space. Also, Libra os a stable coin. So it posses little to no risks to Bitcoin. The nearest competitor, at best, are other stable coins like USDT, USDC etc. Currently, there are projects with high performance blockchains with and high throughout. Yet, Bitcoinis still on top of the food chain.
Well well well, basically I can't see a threat from Libra because Bitcoin and Libra are very different from each other when it come to threatening. Bitcoin has been in existence and Libra just came into the board of cryptocurrency, so, comparing the two doesn't make any sense as decentralized and centralized are different protocols. Bitcoin is an investment mode by investors and stablecoins are likely to be use as currency and not an investment. People, probably investors won't have much time with Libra.
The question is, would they able to pull it through? We've known that this one does still have lots of works to be done and there are lots of opposition for this project to be launched.
Didnt expect that this one still have some talks and asking if this one pose a threat? the answer is "NO" ..
Didnt expect that this one still have some talks and asking if this one pose a threat? the answer is "NO" ..
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