Topic: Libra coin over Bitcoin is that possible? - page 8. (Read 7084 times)
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.
It depends on how well people are educated and informed on the dangers of investing in a token with centralized control. If you are not worried about privacy and you want the US government and private companies to track all your financial transactions, then you are perfect for Libra.
If you are on the other hand a free thinker and you value your financial privacy then Bitcoin is for you. Why should these entities know everything about your finances and what you do with your wealth? 
If you are on the other hand a free thinker and you value your financial privacy then Bitcoin is for you. Why should these entities know everything about your finances and what you do with your wealth?
Not so sure about that. Even though Libra could easily be shilled by Facebook across its different social media platforms, a lot of people would know that bitcoin is still on the top. Besides, the feds are also pursuing Facebook's crypto launch given the amount of troubles the said company had itself in for the last few years. Security of the users is the main issue (lol), and we know how many data breaches/leakages the said company had back in the days. People know this and do not easily forget, so I think that could weigh in when people start comparing one over the other.
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?
Facebook overtook all their social media competitors and made on the top in it`s industry. Libra has it`s budget as it is backed by a big company, so I think, if Facebook wants to overtake Bitcoin, then they could possibly do it. 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?
so far I have not found the exact reason how libra will take over bitcoin. Even this coin that I know is centralized and stable, do you mean Libra will beat Bitcoin in terms of price? I don't think that is possible.
Or will Libra defeat bitcoin in terms of its popularity? maybe yes. But one thing makes me clear that Libra will not be the same as Bitcoin because Libra itself will not have investors like Bitcoin, Libra only works on a Facebook business scale.
Well then in your opinion whether with lay people more interested in libra will make bitcoin fall? I think bitcoiners and old investors will stay in bitcoin because Libra itself does not have the potential to make a profit. And I think Facebook won't position libra into the altcoin ranks like eth, xrp, etc.
Or will Libra defeat bitcoin in terms of its popularity? maybe yes. But one thing makes me clear that Libra will not be the same as Bitcoin because Libra itself will not have investors like Bitcoin, Libra only works on a Facebook business scale.
The problem is we don't know the power of this centralized coin especially we know that Facebook and its sponsors are more famous than Bitcoin. For ordinary peoples think it will be better than Bitcoin. IMO It would be very easy for Libra coin to take over ETH or XRP on the market.
Well then in your opinion whether with lay people more interested in libra will make bitcoin fall? I think bitcoiners and old investors will stay in bitcoin because Libra itself does not have the potential to make a profit. And I think Facebook won't position libra into the altcoin ranks like eth, xrp, etc.
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 that can't happen, because I'm sure Bitcoin will still be the king of all cryptocurrency until whenever and no one will be able to replace or beat Bitcoin including coin from Facebook, that is Libra and besides Libra there are still many better and popular coin (such as Ethereum and Binance that already have a real product) but still can't replace or beat Bitcoin, so I'm sure Libra won't be able to beat Bitcoin too.
Though bitcoin blockchain has established its position on the cryptocurrency industry, the Libra blockchain seems to be very promising. It's looking to be as strong as the other blockchains out there. Overtaking bitcoin is a possibility.
It's very much pre-assumption as Facebook has just announced their projects and Bitcoin is an established king of the crypto world and to surpass Bitcoin Libra has a long way to go.
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.
Adding to that, it is a stablecoins so it does not compete with Bitcoin. Libra automtically nullified all speculative factor regarding its value where Bitcoin excel. It should be compared against other stablecoins such as USDT, the upcoming Binance stablecoins , etc.
I would agree that there is a possibility that it will overtake Bitcoin in its popularity since Facebook have huge userbase around the globe. The question is, are the users have interest in such cryptocurrency? I will be one of those who are not for sure.
Chances are, Libra will surpass bitcoin for popularity and attract more users than any currency, but before we see the results, we'll have to wait for a while.
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?
why do they have to take over bitcoin and why not take over XRP, if they are traded on crypto exchange sites, I think their trading volume will shift ETH or XRP, it's impossible to beat bitcoin and I'll bet on that 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 I also support Libra projects that use blockchain technology
why do they have to take over bitcoin and why not take over XRP, if they are traded on crypto exchange sites, I think their trading volume will shift ETH or XRP, it's impossible to beat bitcoin and I'll bet on that
but I also support Libra projects that use blockchain technology
but I also support Libra projects that use blockchain technology
You're completely underestimating Libra. While I think Bitcoin is still better, Libra can a lot easily gain adoption due to it not having the current flaws of Bitcoin as a currency(e.g. scaling, price volatility, user-friendliness). Libra as a centralized currency and being backed by fiat, can be a lot simpler to use, and would currently be better to be used as a currency due to the stable value.
Note that they're aiming for global use, not just a stablecoin that you can use on exchanges.
<…>
Potential legal issues aside, as stated above, the nature of Libra and Bitcoin is completely different. What Libra has going for it, is the fact that is will be born having being designed at all levels to be a stable token that will be ready to use in commercial transactions, with heavyweight investors both economically and market dominants, on a network that should be robust and speedy, very low to null TX cost, and with user friendly alleged features in its Calibra wallet support. Bitcoin, while aspiring to be a heavyweight coin for commercial use, has not been capable of taking the advantage of being a pioneer, and though it is still taking steps towards it, it is for the vast majority a store of (speculative) value.
Implementation technicalities (centralized/decentralized, stable/free flow, degree of anonymity, etc.) and passions aside, from an every day user’s point of view, out to perform day to day purchases, the concept of Libra and the powers behind is rather appealing to the masses.
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.
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?
why do they have to take over bitcoin and why not take over XRP, if they are traded on crypto exchange sites, I think their trading volume will shift ETH or XRP, it's impossible to beat bitcoin and I'll bet on that 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 I also support Libra projects that use blockchain technology
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
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?
no, because libra is enough centalized to be shit.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 has more common things with euro than with btc
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
Libra to overtake Bitcoin in terms of marketcap and adoption? Very very possible. Actually, I'm quite sure that will happen.
Should we be worried though? I don't think so. Bitcoin and Libra are both in different leagues. One is a decentralized currency and SoV, and one is a centralized stablecoin. So there's that. It shouldn't matter in my opinion. If anything, this new Libra coin would be giving more nods to blockchain technology(whether or not Libra actually uses blockchain) and cryptocurrencies.
Should we be worried though? I don't think so. Bitcoin and Libra are both in different leagues. One is a decentralized currency and SoV, and one is a centralized stablecoin. So there's that. It shouldn't matter in my opinion. If anything, this new Libra coin would be giving more nods to blockchain technology(whether or not Libra actually uses blockchain) and cryptocurrencies.
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?
I think it is possible only if people will use and patronize this coin. Now talking about Bitcoin, people already know the use of it's platform and is widely used. So it would be hard for libra to take over the market just by it's popularity and not by volume in case it hits.
Jump to: