Topic: Libra has competitive advantages over Bitcoin. We let this happen. (Read 494 times)
Well if libra will be a stable coins as i know 1 Libra will value 1$ approximately, but you say that over years the cap market of Libra will be over bitcoin? Maybe is possible but i think will not happen and Libra will be used mostly for users who want to pay for a Facebook premium service.
July 22, 2019, 02:41:34 PM
Saying bitcoin community is stagnant is ignorant. Bitcoin remains the number one legal tender in the cryptocurrency space. Libra will make some noise but cannot displace the spot of bitcoin
July 22, 2019, 02:32:37 PM
We don't want bitcoin to be stable,the rise and fall in value of bitcoin is what makes it reasonable to invest in by many investors,there is no reason to invest in stable coin
Bitcoin was never created with intent of investment plan, but here we are, I guess what draws more attention and adoption to bitcoin is its value appreciation and almost everyone are only after what they gain financially from it and not the ways they can make use of it.
July 22, 2019, 02:18:56 PM
Absolutely, the biggest advantage that i see will be the adoption, userbase and money that libra will bring to crypto markets, payments and remittance niche, overall the impact of libra will be explosive but technically i think btc will remain the premiere decentralized coin and it will remain the king of crypto market.
July 22, 2019, 02:00:30 PM
Would have been a worthy rival if Libra was a minable coin and not a stable coin which in my own view is not up to the standard of bitcoin
I think Bitcoin is no cause for concern. In addition, all users of cryptocurrencies and Bitcoin owners have so far understood that Libra will comply with the standards of payment systems that will not overlap with Bitcoin. Today, Bitcoin is still used as a profitable investment, but no more. July 22, 2019, 09:19:28 AM
Would have been a worthy rival if Libra was a minable coin and not a stable coin which in my own view is not up to the standard of bitcoin
July 22, 2019, 09:00:22 AM
Facebook really step up their game on every kind of platform. I already seen many streamer opt to stream on Facebook instead Twitch or Youtube. They have the stars donate that very convenient and with Libra back up behind, no doubt from video contents makers to streamers of Twitch and Youtube will have to make a choice to stay or jump.
July 22, 2019, 08:36:13 AM
Libra is very popular, moreover before this is created. The coin from Facebook really can enter the market with high hype. FB really know how to attract many investors for their coins. And that's true, Libra may give competitive advantages over the Bitcoin. But of course, both will have their negative and positive sides. LIbra will be a stable coin, different from BTC. BTC may reach its highest price someday that will give you big profits, but Libra will not reach at that simple and short time.
July 22, 2019, 07:03:07 AM
Well, the blame is not to be out on anyone, we are in a world where everyone is looking for business to do to give them income and that is what they care about right now irrespective of where such income will come from, we already failed cryptocurrency from the onset too, every one of us, when the only reason why we want to hold bitcoin is for it to grow and yield an increase.
Let me ask some of us, ever since we bought bitcoin, how many time have we even used it to make payment, and this is supposed to be what will make bitcoin really valuable when it is being exchanged from time to time, and it is decreasing the supply and creating demand. So, let every one of them just play their games accordingly, all will still be useful in their own space.
Let me ask some of us, ever since we bought bitcoin, how many time have we even used it to make payment, and this is supposed to be what will make bitcoin really valuable when it is being exchanged from time to time, and it is decreasing the supply and creating demand. So, let every one of them just play their games accordingly, all will still be useful in their own space.
July 20, 2019, 02:41:22 PM
19 July 2018
Mkt cap $566.22B
CRYPTO SPACE
Mkt cap $282,25B
Facebook was created in 2004 and Bitcoin in 2009. We'll see what market cap it will have when it's as old as facebook is now. We still have 5 years to go.
Facebook received big founding and was advertised. Bitcoin was not and started from scratch as a decentralized project. You're comparing apples and oranges. Facebook is advertising as we speak bitcoin still after 10 years is not.
It seems to me that here two different things are compared. Facebook popularity cannot be connected with the future fate of its cryptocurrency. Libra is not a rival of Bitcoin as soon as it is going to be a stable coin. The price for Libra will be fixed, and it will be not released for different speculations. BTC is for making profits and getting returns now.
July 20, 2019, 11:11:57 AM
BCH (Bitcoin Cash) is one of the top coins on coin market cap, exactly, it is on the top 5. With the trading volume $1,371,276,956 (per 24h) and 17,902,000 BCH for the circulating supply, I believe that this altcoin is one of the worthy coins to invest. Moreover, this coin also has good increase so far.
July 20, 2019, 10:09:16 AM
We don't want bitcoin to be stable,the rise and fall in value of bitcoin is what makes it reasonable to invest in by many investors,there is no reason to invest in stable coin
you are wrong on so many levels
we do want bitcoin to be stable , it is better to have a small growth than random ups and down up to 35% of the price
there are hundreds of reasons to invest into a stablecoin , one of them is when the market volatile or going down
USDT was a relatively safe haven to keep coins for traders , when every other coin was falling tether was -0.02% or so
you confuse speculate and invest here ,probably - investing is a longterm process ,usually
and you do want to have a stable income rather than watch your asset lose half of its value one day
July 20, 2019, 05:21:55 AM
We don't want bitcoin to be stable,the rise and fall in value of bitcoin is what makes it reasonable to invest in by many investors,there is no reason to invest in stable coin
Bitcoin wasn't solely made as an investment. Bitcoin was made to be used as a store-of-value and or a currency. Bitcoin is just an investment right now due to it's volatility and it's potential to go a lot higher in the future, but the end goal is still for bitcoin to have a stable price. I mean, I don't know about you, but I'd definitely prefer my fiat hedge and day-to-day currency to be stable in price.
July 20, 2019, 04:07:38 AM
In the near future you will see libra on top-10 of every cryptocurrency index as it will be valued in Billions even as a stablecoin.
All indexes already have Libra's spot ready and waiting for the release.
https://www.coingecko.com/en/coins/libra
https://coinmarketcap.com/currencies/facebook-libra/
https://www.worldcoinindex.com/news/facebook-unveils-its-native-cryptocurrency-libra-in-a-bid-to-transform-global-finance
"Reaching the unbanked"
From the coindesk article it is clear that Libra will be a fierce competitor of Bitcoin:
https://www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
So our moto "Banking the unbanked" is now Libra's main verse and noone seems to actually care.
Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.
What do you think the world needs?
Digital gold or a fast and secure digital currency?
From my point of view the Bitcoin community seems to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?
We should not deny the fact that the personality behind libra will easily influence it in the market and it is because of that, that we are hearing different personalities talking about it when it has not been launch but becoming more popular in cryptocurrency cycle more than almost all the stablecoins and altcoins. That do not mean that it is going to replace bitcoin because bitcoin has a strong foundation and it is decentralized. All indexes already have Libra's spot ready and waiting for the release.
https://www.coingecko.com/en/coins/libra
https://coinmarketcap.com/currencies/facebook-libra/
https://www.worldcoinindex.com/news/facebook-unveils-its-native-cryptocurrency-libra-in-a-bid-to-transform-global-finance
"Reaching the unbanked"
From the coindesk article it is clear that Libra will be a fierce competitor of Bitcoin:
https://www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
So our moto "Banking the unbanked" is now Libra's main verse and noone seems to actually care.
Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.
What do you think the world needs?
Digital gold or a fast and secure digital currency?
From my point of view the Bitcoin community seems to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?
July 20, 2019, 04:03:15 AM
Libra to many seems going to be big but are the crypto space going to be free as it was initially integrated as a privacy stuff with Libra? Is what we should be concern about as I see it to be a tools for regulators to get their way in to crypto .
But I can see more adoption coming thru Libra and main usage of blockchain might be jeopardize with at the end but all in all let watch and see where this will end.
But I can see more adoption coming thru Libra and main usage of blockchain might be jeopardize with at the end but all in all let watch and see where this will end.
July 20, 2019, 03:47:20 AM
I watched all the recent hearings about Libra. It's impossible to put into words how much the US government despises Facebook and detests the concept of Libra.
I would put the odds of Libra being permitted to exist in the form they're proposing at - 0%
It absolutely will not happen unless it's watered down into something even more pisspoor than Paypal.
I would put the odds of Libra being permitted to exist in the form they're proposing at - 0%
It absolutely will not happen unless it's watered down into something even more pisspoor than Paypal.
I think they were hating on Facebook a little bit too much LOL. But I really couldn't blame them, as Facebook has done some crap concerning privacy multiple times in the past already. Such a shame for a decent platform that went to crap.
One thing I found frustrating to hear though, is that even though Marcus said multiple times that multiple companies(not solely Facebook) will have control over Libra, some of the people(?)/officials in the hearing is still pushing as if Facebook has 100% control over Libra.
July 20, 2019, 03:11:00 AM
User data leakage to the public is proof that Facebook has a vulnerability to security, this is a consideration and has become my memory that is always questionable. I personally have lost interest and worry about that, if they launch libra later, maybe I am more comfortable using and storing libra to another wallet.
July 20, 2019, 02:28:17 AM
19 July 2018
Mkt cap $566.22B
CRYPTO SPACE
Mkt cap $282,25B
Facebook was created in 2004 and Bitcoin in 2009. We'll see what market cap it will have when it's as old as facebook is now. We still have 5 years to go.
Facebook received big founding and was advertised. Bitcoin was not and started from scratch as a decentralized project. You're comparing apples and oranges. Facebook is advertising as we speak bitcoin still after 10 years is not.
My post was an answer to the comment bellow
his startup facebook is shit compare to crypto space.
July 19, 2019, 08:49:41 PM
In the near future you will see libra on top-10 of every cryptocurrency index as it will be valued in Billions even as a stablecoin.
All indexes already have Libra's spot ready and waiting for the release.
https://www.coingecko.com/en/coins/libra
https://coinmarketcap.com/currencies/facebook-libra/
https://www.worldcoinindex.com/news/facebook-unveils-its-native-cryptocurrency-libra-in-a-bid-to-transform-global-finance
"Reaching the unbanked"
From the coindesk article it is clear that Libra will be a fierce competitor of Bitcoin:
https://www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
So our moto "Banking the unbanked" is now Libra's main verse and noone seems to actually care.
Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.
What do you think the world needs?
Digital gold or a fast and secure digital currency?
From my point of view the Bitcoin community seem to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?
All indexes already have Libra's spot ready and waiting for the release.
https://www.coingecko.com/en/coins/libra
https://coinmarketcap.com/currencies/facebook-libra/
https://www.worldcoinindex.com/news/facebook-unveils-its-native-cryptocurrency-libra-in-a-bid-to-transform-global-finance
"Reaching the unbanked"
From the coindesk article it is clear that Libra will be a fierce competitor of Bitcoin:
https://www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
So our moto "Banking the unbanked" is now Libra's main verse and noone seems to actually care.
Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.
What do you think the world needs?
Digital gold or a fast and secure digital currency?
From my point of view the Bitcoin community seem to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?
So what is you point in saying all this stuff? Discrediting Bitcoin for what it has achieved over the years cannot make you Libra come closer to it. Also, Bitcoin community does not seem stagnant coz it's always evolving as what we have experienced since it started.
July 19, 2019, 08:04:20 PM
My point is that Facebook with Libra, is actually stealing the hard work that was invested for Bitcoin to become the absolute means of transactions. What was needed so the whole world would adopt it was low fees (as it used to have for a while) and instant transactions. I say it looks stagnant because the Lightning Network doesn't seem to be a priority. Also there are many doubts if LN can work the way it is supposed to. I believe there should be more effort made in this subject.
Bitcoin network has tens of thousands of nodes, which gives it all the cool properties that it has. Will Libra have the same amount of nodes? No, their nodes will just be rented datacenters, and subject to all the problems that you've mentioned like being prone to errors, not being able to handle the traffic at certain times. Libra is not stealing Bitcoin technology, it more closely resembles alts like Tron and EOS, and it will be just a centralized payment company, and centralized payment companies aren't direct competitors of Bitcoin.
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