Topic: Libra coin over Bitcoin is that possible? (Read 7084 times)
I strongly don't believe that libra will overpower bitcoin in the long run. Trusting isn't unappropriate for new established coins like libra, and even if the popularity gained more interest towards public; we can't put confidence at 100% all the time. It's very important to stay vigilant on choosing coins to hold, choose properly or just stick on bitcoin for long term security.
Libra coin is a coin that is classified as having a very large total supply and it seems impossible if Libra Coin defeats bitcoin, Bitcoin is a very powerful digital currency in terms of limited total supply and very high demand, making Bitcoin the king of all cryptocurrency until now.
it won't be possible. no matter how much support the company supports libra coins, it will never make him above bitcoin. if indeed Libra gets great full support, and is accepted by the market and traded, it also won't put the Libra in a good position. new coins will adapt to the market, besides libra I hear is a stable coin like USDT.
I believe that there is no permanent in this world except change. From barter system to use of golds and silvers in trading up to fiat. A lot of progressive changes happened in our economy. Even fiat wanted to be changed right now by the people. Therefore, change is inevitable. No one can say that until the end of cryptocurrency period, bitcoin will reign. Specially right now that most of the people are inventors. We easily exhausted in the trend.
Inevitable in the fact that crypto is a decentralized market and more often to see huge changes than of a straight line. That's a thing we have to understand and ain't to see that Libra coin could get more supporters than of Bitcoin. And have to think that Libra will just be the same as other coins who tried to compete against BTC. 
I believe that there is no permanent in this world except change. From barter system to use of golds and silvers in trading up to fiat. A lot of progressive changes happened in our economy. Even fiat wanted to be changed right now by the people. Therefore, change is inevitable. No one can say that until the end of cryptocurrency period, bitcoin will reign. Specially right now that most of the people are inventors. We easily exhausted in the trend.
Long time ago, Ethereum will beat bitcoin and now bitcoin still number 1. Come on if libra want to take over bitcon, he need to replace cryptocurrency pair Bitcoin into Libra Pair.
Will Libra be able to do so?
No, he wont be able to do this. Libra is aiming for a stable coin and only be used for facebook's transaction in my oppinion.So there's no possibility for Libra coin beat Bitcoin on price or popularity among traders or cryptocurrency user.
To Buy = spent fiat to receive fiat equivalent (Libra)
To Sell = sell fiat equivalent (Libra) to receive fiat, minus fees two times
Lets assume 100 spent and one year hold and low exchange fees, so get 99.80 back
Lets assume inflation in that year is 2% so value (buying power) after one year is 97.80,
keeping cash in the pocket for the same time value is 98 and no hassle with exchanges
In 1909 The Model T sold for $850 which is equal to $20,513 in todays money.
BTC, BCH, BSV reward halving every 4 years (after next halving coin emission rate is 1.6%, 0.8%, 0.4%.........)
To Sell = sell fiat equivalent (Libra) to receive fiat, minus fees two times
Lets assume 100 spent and one year hold and low exchange fees, so get 99.80 back
Lets assume inflation in that year is 2% so value (buying power) after one year is 97.80,
keeping cash in the pocket for the same time value is 98 and no hassle with exchanges
In 1909 The Model T sold for $850 which is equal to $20,513 in todays money.
BTC, BCH, BSV reward halving every 4 years (after next halving coin emission rate is 1.6%, 0.8%, 0.4%.........)
Nice to wait. Altcoins with a beautiful platform, WP or roadmap filled with green when they were born, are always praised and many also claim that it will outperform bitcoin with all the evidence and technical analysis. But they all feel a reality after that, bitcoin always wins. Libra is also among them. 
About 70 millions of people owning Bitcoin. I can´t even imagine how many people could use Facebook coin when starts.
So it would be pretty easy to overpower Bitcoin.
I think all projects after Bitcoin have a big ambition to defeat Bitcoin but in reality nothing has gone beyond Bitcoin, Even though Facebook has a very large user, I'm sure most of them don't use Facebook coins.So it would be pretty easy to overpower Bitcoin.
totally agree with you. there is no need actually for libra. the people without bank account wont be able to get libra. the next thing is i see no sense to use libra for me. first of all i have no facebook anymore for some years now. second is, when i buy something i can still use paypal.
About 70 millions of people owning Bitcoin. I can´t even imagine how many people could use Facebook coin when starts.
So it would be pretty easy to overpower Bitcoin.
I think all projects after Bitcoin have a big ambition to defeat Bitcoin but in reality nothing has gone beyond Bitcoin, Even though Facebook has a very large user, I'm sure most of them don't use Facebook coins.So it would be pretty easy to overpower Bitcoin.
About 70 millions of people owning Bitcoin. I can´t even imagine how many people could use Facebook coin when starts.
So it would be pretty easy to overpower Bitcoin.
I think all projects after Bitcoin have a big ambition to defeat Bitcoin but in reality nothing has gone beyond Bitcoin, Even though Facebook has a very large user, I'm sure most of them don't use Facebook coins. So it would be pretty easy to overpower Bitcoin.
Libra will not achieve much by comparison to the advantages offered by bitcoin, any attempt by the Libra team to make it much more "crypto" such that it serves a unique function( other than those offered by traditional banks) will certainly be faced with a huge backlash by regulators. The US already expressed their concerns on Libra. Of what use is a crypto asset if it is in direct control by the government or some corporation
Of course not and Libra is a big joke on cryptocurrency. Most of the people who have studied the blockchain know that its foundation does not have the purpose to support decentralization. The recent congress hearing about Libra is not even on their side because probably the private infromation that FB sold has made its mark.
is that the latest news?lots of big companies actually behind the Libra coins. but that won't be enough to defeat bitcoin. Libra may not be much different from USDT or other assets. they don't move a lot, are more stable and that depends on the use of their platform too.
Well, i'm a bitcoin enthousiast, but Libra has one thing bitcoin hasn't: a huuuuuuge marketing budget.
Eventough i haven't read the whitepaper of Libra, nor did i try to find sourcecode for a reference client, i'd still be suprised if the technology used for Libra would be much safer than the one used for bitcoin, however, the fact that it's such a big company that coupled it's coin to existing fiat coupled with an enormous marketing budget and endorsement of company's like VISA will give it an edge bitcoin has never had.
The thing is: Libra is not bitcoin... AFAIK, it's a centralised token coupled to FIAT markets produced by one of the biggest privacy-invading companies on the globe. The only thing that couples bitcoin to libra is the fact they both use blockchain technology.
Eventough i haven't read the whitepaper of Libra, nor did i try to find sourcecode for a reference client, i'd still be suprised if the technology used for Libra would be much safer than the one used for bitcoin, however, the fact that it's such a big company that coupled it's coin to existing fiat coupled with an enormous marketing budget and endorsement of company's like VISA will give it an edge bitcoin has never had.
The thing is: Libra is not bitcoin... AFAIK, it's a centralised token coupled to FIAT markets produced by one of the biggest privacy-invading companies on the globe. The only thing that couples bitcoin to libra is the fact they both use blockchain technology.
hell yes, totally agree.
libra is libra , and bitcoin is bitcoin.
no matter how popular libra someday , people still asking what the first came from, and of course,BTC.
and btw , why people still think Libra will be the top of crypto ,
because basicaly it will be Centralized.
also i hear from somewhere it will be same like another stablecoin.
The Facebook cryptocurrency coin Libra is now the talk in the cryptocurrency market, people says it will take over bitcoin soon.
But to me is that going to be possible, I took bitcoin years to reach were it is now and as the best coin in market and the first cryptocurrency its not that possible.
Lots of coin wit great ambitions have come knocking to take over from bitcoin but non could.
Will Libra be able to do so?
But to me is that going to be possible, I took bitcoin years to reach were it is now and as the best coin in market and the first cryptocurrency its not that possible.
Lots of coin wit great ambitions have come knocking to take over from bitcoin but non could.
Will Libra be able to do so?
Of course not and Libra is a big joke on cryptocurrency. Most of the people who have studied the blockchain know that its foundation does not have the purpose to support decentralization. The recent congress hearing about Libra is not even on their side because probably the private infromation that FB sold has made its mark.
They both serve Diffrent function, libra is a centralized coin unlike bitcoin they both just share the blockchain technology. Facebook libra has an edge over bitcoin in terms of marketing, facebook libra is owned by a big company so its marketing budget is big
About 70 millions of people owning Bitcoin. I can´t even imagine how many people could use Facebook coin when starts.
So it would be pretty easy to overpower Bitcoin.
So it would be pretty easy to overpower Bitcoin.
Well,,, I used Facebook for many years, same as google, but I never bought anything for my google wallets or facebook wallets. I think a lot of people should be wary of FB now about their personal data and they will not just enter anything anymore with the worry of the safety of their information. Facebook coin is stupid. You think the marketplaces with blockchain will now add FB coin?
There is no coin whether new or the previous has no capability of surpassing the Bitcoin. As you know Bitcoin is the concept used for the first time which is evolved in the year of 2009 and not it has gone far away from it's beginning. The evolution of the Ethereum and the other coin and the cryptocurrency are the copy of the Bitcoin concept and evolved just 4 year back. So, Now the upcoming Libra coin will be also a new coin and can't tackle the Bitcoin ever.
About 70 millions of people owning Bitcoin. I can´t even imagine how many people could use Facebook coin when starts.
So it would be pretty easy to overpower Bitcoin.
So it would be pretty easy to overpower Bitcoin.
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