Topic: Libra Coin and Bitcoin - page 3. (Read 713 times)
I think that comparing Bitcoin and Libra misses the point. The only similarity between them is that both are based on blockchain technology. Bitcoin is kind of "rebel" currency, decentralized, when Libra is made for Facebook purpose only. Besides, we still don't know much about this coin, only few details from official website and Zuck's post
hi, guys!
i was really surprised with the news that facebook's gonna provide all people kinda general-purpose stable coin.
in my ind its really cool idea that will completely change world of cryptocurrency.
also recently i've read read related article. u can check it. https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html
i was really surprised with the news that facebook's gonna provide all people kinda general-purpose stable coin.
in my ind its really cool idea that will completely change world of cryptocurrency.
also recently i've read read related article. u can check it. https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html
Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?
Head of Facebooks Libra Distances it from BTC: We'll Share Information with Authorities ...
- https://cointelegraph.com/news/head-of-facebooks-libra-distances-it-from-btc-well-share-information-with-authorities
Chair of House Financial Services Committee Requests Halt on Facebooks Crypto Project ...
- https://cointelegraph.com/news/chair-of-house-financial-services-committee-requests-halt-on-facebooks-crypto-project
There is no people/user bitcoin who leave bitcoin just because the coin's facebook came as we called as a libra coin, unles the newcomers who will swayed with new project which is booming such this time. Bitcoin and facebook is really different, I will say libra coin is money fiat digital as a whole it is not pure has decentralized system, this is different with bitcoin who has pure decentralized system. I don't have a long time to choose between libra coin and bitcoin although the libra coin has announced by the giant media social, I'll use bitcoin first because I've been comfortable to using it.
Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?
If Libra pairs with bitcoin then it will affect that much. But as of now, all we can do is to speculate. The details given for a normal person can't be understand that much but if its for people who are more with technicalities, they understand that this Libra is no way to compete for bitcoin and it's just an additional stable coin that has usecase.
We have enough Libra threads that you dont need to create more 
Nobody trusts Mark Zuckerberg to create a currency that anyone can own and use without repercussions
https://techcrunch.com/2019/06/18/facebook-libra/
If you want to trust a bunch of bankers and regulators to create money we all can value and trade as money (without high fees, long term costs, privacy violations, lack of security and anonymity) then go do it!!
This is good for bitcoin. Shitcoins are still shitcoins regardless who creates them.
Nobody trusts Mark Zuckerberg to create a currency that anyone can own and use without repercussions
https://techcrunch.com/2019/06/18/facebook-libra/
Quote
Each founding member paid a minimum of $10 million to join and optionally become a validator node operator (more on that later), gain one vote in the Libra Association council and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve into which users pay fiat currency to receive Libra
Quote
Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, 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
Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, 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
If you want to trust a bunch of bankers and regulators to create money we all can value and trade as money (without high fees, long term costs, privacy violations, lack of security and anonymity) then go do it!!
This is good for bitcoin. Shitcoins are still shitcoins regardless who creates them.
Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?
Libra will make people feel more comfortable using virtual currencies, so it will likely draw more people to bitcoin. As bitcoin is decentralized and more speculative, it will draw a different subset of users than those using Libra. The main benefit of Libra will be the increased liquidity and infrastructure it will bring to the space. It may also pose a threat to the U.S. dollar if people feel it is a better or more stable alternative.
People will use more bitcoin because is not a stable coin and most of them will use, but after Libra will appear i think is possible that more people will start use crypto and this is a good thing for all.
Libra coin will be a stable coin, just like USDT, it seems only private investors will benefit from the gain since the coin won't be volatile, so traders may stay off the libra coin. Bitcoin combines technology with economic reward, so which economic reward will I gain from buying and holding bitcoin that doesn't grow? Maybe bitcoin will just be a challenge to USDT if it will ever be traded.
Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?
Jump to: