Libra coin over Bitcoin is that possible? - page 7.

didzi

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Quote from: shoreno on June 21, 2019, 02:41:06 AM

Quote from: ryzaadit on June 20, 2019, 03:41:18 PM

Facebook just make again their own virtual again, At 2009 they making facebook credits its a virtual currency at Facebook for their marketplace.

this is the first time i heard facebook credits but i was an avid user of facebook and i didnt see the facebook credits that you are talking about . maybe its only available on some countries ? there is a wallet feature that i see on facebook but they are using a third party e-money wallet/currency .

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Re: Libra coin over Bitcoin is that possible?

is it possible . many coins in the crypto market are in a competition and some have succesfully overtake the others so there is also a possibility that libra coin can overtake btc but its not a big deal to me . i will actually be happy because we now have other alternative for money making business .

yes, everything is possible in crypto world, but to replace bitcoin is not easy buddy
bitcoin born with pure idea as the first decentralized product in this industry right ?
and some article said if libra will use a centralized system, thats why i believe libra will never replacing bitcoin

btc78

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Quote from: Deewhy2 on June 20, 2019, 05:22:33 AM

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?

It's not talk of the town instead this is spamming the whole cryptospace these days

Have been seeing this altcoins spam all over the place .i dont know why even in bitcoin discussion this altcoin has been tackled is this the marketing strategy for advertising?

shoreno

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Quote from: ryzaadit on June 20, 2019, 03:41:18 PM

Facebook just make again their own virtual again, At 2009 they making facebook credits its a virtual currency at Facebook for their marketplace.

this is the first time i heard facebook credits but i was an avid user of facebook and i didnt see the facebook credits that you are talking about . maybe its only available on some countries ? there is a wallet feature that i see on facebook but they are using a third party e-money wallet/currency .

Quote

Re: Libra coin over Bitcoin is that possible?

is it possible . many coins in the crypto market are in a competition and some have succesfully overtake the others so there is also a possibility that libra coin can overtake btc but its not a big deal to me . i will actually be happy because we now have other alternative for money making business .

kabit9

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The truth about Libra - https://coinjazeera.news/nation-of-facebook-declares-war-on-united-states-launches-sovereign-currency/ Grin

Gridness

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Quote from: Deewhy2 on June 20, 2019, 05:22:33 AM

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?

it is very difficult for any coin to replace Bitcoin because almost all coin benchmarks are in Bitcoin.

rhodelmabanal

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Don't expect too much for an impossible thing, just chill and watch the actual happenings that you can daily see for Libra over bitcoin. Think of a big ship being sank by small one, and with that case of Libra to overtake bitcoin I guess that's totally a huge imagination. We need not to expect for that, and if other people see some better insights for this coin? so be it! let them dream big but don't be get fooled into something's not capable of.

o48o

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It will have some use cases for sure, but i think it will fail when the regulators come in full power. Creating an this kind of universal centralized "bank" is a kyc nightmare. And of it really tries to be more stable then a dollar, that could also be a threat to central bank.

ryzaadit

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Facebook just make again their own virtual again, At 2009 they making facebook credits its a virtual currency at Facebook for their marketplace. We can use Facebook credits for buying their service like games, etc. But suddenly facebook credits fail at 2011, and now Libra was shown up better than facebook credits because using cryptocurrency/blockchain. To be honest, I don't really care about "Libra", there is a really centralized system. "Libra" could be can take over bitcoin for the technology, because they are really using new technology and will be more development at their project, but for the rank market cap would be hard for them to take over bitcoin who already trusted by all community around 10 years.

SixFigures

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Quote from: arpon11 on June 20, 2019, 02:50:17 PM

Quote from: Deewhy2 on June 20, 2019, 05:22:33 AM

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?

Libra coin popularity come from Facebook be the most popular social media and that is why some crypto enthusiasts are saying that it might takes over the dominant in cryptocurrencies market capitalization from bitcoin! It might be possible but it will take long term and everything also depends if it is unique and people buying into the idea Facebook has. I have been following the current events in cryptocurrencies world and this libra coins will really makes great impact in future and hope it impact bitcoin positively.

Libracoin has nothing to do with Bitcoin. They are totally different and have absolutely zero in common if you ask me. Different value propositions.

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Quote from: Deewhy2 on June 20, 2019, 05:22:33 AM

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?

Centralized coin vs decentralized coin. Which one do you think is going to win? Which one do you think will give you more freedom? Which one do you think fulfills the main goal of crypto currencies? It obviously is the decentralized coin that is bitcoin. There is no way Libra will dominate the crypto currency market. Libra is just going to help give more exposure to bitcoin indirectly, which in turn will help adopt crypto currencies.

arpon11

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Quote from: Deewhy2 on June 20, 2019, 05:22:33 AM

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?

Libra coin popularity come from Facebook be the most popular social media and that is why some crypto enthusiasts are saying that it might takes over the dominant in cryptocurrencies market capitalization from bitcoin! It might be possible but it will take long term and everything also depends if it is unique and people buying into the idea Facebook has. I have been following the current events in cryptocurrencies world and this libra coins will really makes great impact in future and hope it impact bitcoin positively.

ATSgrowth

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Maybe they can easily overbeat Bitcoin´s market cappitalization, but it doesn´t mean anything, it is not a cryptocurrency, it is not a decentralized asset and what is the worst? That the power of one man is raising Roll Eyes

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Quote from: Leo Kent on June 20, 2019, 06:32:06 AM

Libra has edge over bitcoin which is a big marketing budget and community. Because Facebook has a big community and millions of people use it I think it will easy for Libra(facebook) and reach out to more people regarding their coin. So, on serious nots, I think Libra will knock out Bitcoin.

Some part I have same opinion with you that Libra will knock out Bitcoin from the top no 1 position from coinmarketcap, it means from market capitalization. And also community number perhaps will defeat bitcoin, but that is a wide gate for bitcoin and other decentralized crypto to be more popular around community through Libra coin.

Deewhy2

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Quote from: Slow death on June 20, 2019, 05:58:19 AM

Quote from: Deewhy2 on June 20, 2019, 05:22:33 AM

The Facebook cryptocurrency coin Libra is now the talk in the cryptocurrency market, people says it will take over bitcoin soon.

people says it will take over bitcoin soon?

Who are these people who are saying that?

Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says

French Minister of Economy to Ask for Guarantees From Facebook In Regards to Its Forthcoming Coin

Senate Banking Committee Sets Hearing on Facebook’s Crypto for July 16

will not be as simple as people imagine

I think people should make sure they read this at least it will change people's perspectives on the Libra coin taking over the bitcoin. But what if they are able to settle all the obstacles will still be able to surpass Bitcoin?

zhekinsp

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I think the comparison is very wrong because there is no competition between the Bitcoin and any other currencies so if we compared these coins then there is no use and Bitcoin is always in the top position so that I think Bitcoin is more than anything

Ridwan Fauzi

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You need Satoshi Nakamoto to join with facebook association to take over bitcoin on the best coin on cryptocurrency world. Stable coin which has centralized system is never get a bunch of user because it will be useless to be use as investment place. I said it in the side of price of both coin, but if in the side of regulation which is mean the coin can be accepted as payment system it's indeed facebook coin will be the winner. The main purpose of facebook created a global coin is only for payment instrument for the internet world but regardless of it all bitcoin never be take over.

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I think that SEC and Congress will not allow Facebook the opportunity to create a full payment instrument. Maybe Libra will be used to buy ads.

sehoon

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I don't think that any coin can take over bitcoin. Probably as of now. And if there is any coin that could take over, I think it will be Ethereum but not something new as Libra. Because even now, there are no signs that any coin could take over bitcoin. However, I'm still looking forward to its performance.

krisnajsadrak

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Quote from: rdbase on June 20, 2019, 10:48:51 AM

Libra and its secondary payment option calibra will have kyc verification so you can use it while bitcoin does not if you want to use it on its own without any interference by exchanges or payment options such as bitpay and the like.

thats why i'am really sure if libra will not beat bitcoin,
because, libra is a centralized cryptocurrency, and bitcoin is pure decentralized cryptocurrency my friend
and bitcoin will always become the king Wink

pereira4

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The ultimate irony is that Libra is facing all the problems of a decentralized currency (having basically all governments as potential enemies) with none of the benefits (being unconfiscable, having no CEO accountable..etc). They are claiming to be decentralized (which they are not) and now the US government is already saying they must halt all development on the thing since a private company cannot create their own currency. I think this a peak moment in the absolute clown clusterfuck that the altcoin space is.

Topic: Libra coin over Bitcoin is that possible? - page 7. (Read 7084 times)