Libra has competitive advantages over Bitcoin. We let this happen. - page 2.

squatter

legendary

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STOP SNITCHIN'

Quote from: Pingip on July 19, 2019, 04:05:08 PM

Quote from: squatter on July 19, 2019, 03:52:10 PM

Why do you think Libra is "secure?" You think your payments on Libra are irreversible?

It's pretty hard to compete with free transactions. No decentralized system can offer that -- users either pay via transaction fees, inflation or demurrage. Otherwise there is no incentive for honest consensus.

some of your statement is not true look on nano coin about transactions.

Nano is not secure, nor is it decentralized. It uses a variant of delegated proof-of-stake where a limited number of centralized delegated representatives vote to prevent forking or double spending.

That's the trade-off. If you want reliably irreversible and censorship-resistant transactions, Bitcoin is the obvious choice. There are thousands of cheaper alternatives -- including Libra or Nano -- if decentralization and strong security are not required.

erricducducan26

newbie

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Libra started a pr compaign as I see..

veleten

legendary

Activity: 2016

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first thing - bitcoin is not stagnant by any means
stability is the sign of a class and bitcoin has been doing very well over the past years - it didn't have any critical failures or scandals that could threaten its existence, it hasn't been compromised or hacked or anything
Lightning network introduction makes bitcoin a perspective alternative method of payment and its price is breaking the profit records , name one asset that could bring you thousands of % profit in just 5 years?
as for Libra having advantages over bitcoin , Libra is waporware at the moment
we do not know how it performs when it is released , neither we know if the central banks and the governments allow this direct competitor to fiat
I bet they will fight tooth and nail to put obstacles and maybe even ban it in certain countries
all in all Libra should pave the way to the decentralized coins to enter the mainstream and in this regard it is doing bitcoin and crypto in general a service

Kewat

newbie

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Crypto is about privacy and decentralization. As for this point of view, Libra is not a competitor for BTC.

rodel caling

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Activity: 952

Merit: 104

Quote from: mk4 on July 19, 2019, 02:04:37 PM

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What do you think the world needs?
Digital gold or a fast and secure digital currency?

The world needs both. In my opinion, before it makes sense to use bitcoin for a day to day currency by the masses, it needs to have a more stable price. And for that, we need more liquidity. A LOT more liquidity. And before bitcoin reaches that point, it first needs to be a collectible(which it already became in the past when bitcoin was pretty much worthless), and then a store of value(now).

For now, Bitcoin will be a store of value and a niche currency(for countries facing economic crisis, for government opposition companies like WikiLeaks, and for us computer nerds).

Crypto currency and gold well" definitely is both g important and good investment, gold is good keep it as investment, digital currency is gpguve better job and give easy and convenient for all fast transaction transfering the fund and use it for pay bill using the modern technology. I think no need to worries about the threat of crypto to economic effect of the country it bring better source of income for the every country community to growth their economies. Lira coun can to get easy to all, hope libra coin can convince people all over the world to learn what is crypto or what is bitcoin connected into crypto as general.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

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.

Tylev

full member

Activity: 854

Merit: 104

Quote from: target on July 19, 2019, 03:21:36 PM

The ordinary people who doesn't have bank access will now have! Definitely support it.

What I can see is that Libra is going to takeover in terms of marketcap probably beat BTC on top but its still is still what is it. Its going to be a success of facebook of course but we also get what we want the adoption. Those who are concern more of privacy may not really be happy about it but I guess it solves one problem we have.

In my opinion, now the Libra coin has very little chances of being released at all. The US and Europe are quickly taking measures so that Facebook does not release its Libra. A bill has been submitted to the US Congress that specifically aimed against the emergence of this coin and prohibiting IT-campaigns with an annual turnover of, in my opinion, more than 12 billion dollars to participate in such financial projects. In addition, at a recent meeting of G7 countries finance ministers, it was also decided to oppose the appearance of this coin. So that states understand the threat to their national currencies with the advent of Libra and the possibility of gathering almost complete confidential information about at least a third of the world's population.

pixie85

hero member

Activity: 2128

Merit: 524

Quote from: Dildo Shwaggins on July 19, 2019, 04:05:19 PM

19 July 2018
FACEBOOK
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.

Pingip

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Activity: 14

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Quote from: Dildo Shwaggins on July 19, 2019, 04:05:19 PM

Quote from: Pingip on July 19, 2019, 03:53:13 PM

Quote from: Sailor11 on July 19, 2019, 03:37:11 PM

Quote from: Slow death on July 19, 2019, 03:32:44 PM

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What are the targets you want Bitcoin to have?

just google it

It can become a store of value but right now it is just a speculative investment. Thank you for the cointelegraph link, I haven't read that one.

shitcoin by shit man mr fuckerberg which know only to steal and copy cat others, and his startup facebook is shit compare to crypto space.

crypto is peer to peer tech and ask every e xpert in tech space he will tell you who try to fight with peer to peer tech will lose.

peer to peer file sharing was ban from e very country and the oldest tech in the space and still growing like a monster and bitcoin burn from peer to peer file sharing mixed with cryptography.

its speculative investment for uneducated people, the smart and experts know peer to peer will eat the entire system and facebook include, they know from where come peer to peer and what the power of it.

and dude facebook is stable coin the price will not grow, at last this you must know or you fucking in deep shit

19 July 2018
FACEBOOK
Mkt cap $566.22B
CRYPTO SPACE
Mkt cap $282,25B

and yes his startup is shit ask any experts in tech space.

and to compete with usd,euro and financial system like banks and bunch others which is industry more then 30 trillion usd market,

this industry is like small child wait soon this child will grow , you just far away from knowing the big picture and focus on numbers, educate yourself because crypto space is compete the all financial system , do you fucking get this idea....mark is nothing.

Dildo Shwaggins

jr. member

Activity: 54

Merit: 2

Quote from: Pingip on July 19, 2019, 03:53:13 PM

Quote from: Sailor11 on July 19, 2019, 03:37:11 PM

Quote from: Slow death on July 19, 2019, 03:32:44 PM

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What are the targets you want Bitcoin to have?

just google it

It can become a store of value but right now it is just a speculative investment. Thank you for the cointelegraph link, I haven't read that one.

shitcoin by shit man mr fuckerberg which know only to steal and copy cat others, and his startup facebook is shit compare to crypto space.

crypto is peer to peer tech and ask every e xpert in tech space he will tell you who try to fight with peer to peer tech will lose.

peer to peer file sharing was ban from e very country and the oldest tech in the space and still growing like a monster and bitcoin burn from peer to peer file sharing mixed with cryptography.

its speculative investment for uneducated people, the smart and experts know peer to peer will eat the entire system and facebook include, they know from where come peer to peer and what the power of it.

and dude facebook is stable coin the price will not grow, at last this you must know or you fucking in deep shit

19 July 2018
FACEBOOK
Mkt cap $566.22B
CRYPTO SPACE
Mkt cap $282,25B

Pingip

newbie

Activity: 14

Merit: 3

Quote from: squatter on July 19, 2019, 03:52:10 PM

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

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?

Why do you think Libra is "secure?" You think your payments on Libra are irreversible?

It's pretty hard to compete with free transactions. No decentralized system can offer that -- users either pay via transaction fees, inflation or demurrage. Otherwise there is no incentive for honest consensus.

So, Libra can offer you free transactions. That's great. But it comes at a cost:

Your transactions can be reversed and your money can be frozen/confiscated.
You need to complete KYC to transact on the network at all.
Your transaction data will be sold to 3rd parties.

Even if we ignore the "digital gold" aspects, these seem like strong reasons to use Bitcoin for P2P payments rather than Libra.

some of your statement is not true look on nano coin about transactions.

Pingip

newbie

Activity: 14

Merit: 3

Quote from: Sailor11 on July 19, 2019, 03:37:11 PM

Quote from: Slow death on July 19, 2019, 03:32:44 PM

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What are the targets you want Bitcoin to have?

just google it

It can become a store of value but right now it is just a speculative investment. Thank you for the cointelegraph link, I haven't read that one.

shitcoin by shit man mr fuckerberg which know only to steal and copy cat others, and his startup facebook is shit compare to crypto space.

crypto is peer to peer tech and ask every e xpert in tech space he will tell you who try to fight with peer to peer tech will lose.

peer to peer file sharing was ban from e very country and the oldest tech in the space and still growing like a monster and bitcoin burn from peer to peer file sharing mixed with cryptography.

its speculative investment for uneducated people, the smart and experts know peer to peer will eat the entire system and facebook include, they know from where come peer to peer and what the power of it.

and dude facebook is stable coin the price will not grow, at last this you must know or you fucking in deep shit

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

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?

Why do you think Libra is "secure?" You think your payments on Libra are irreversible?

It's pretty hard to compete with free transactions. No decentralized system can offer that -- users either pay via transaction fees, inflation or demurrage. Otherwise there is no incentive for honest consensus.

So, Libra can offer you free transactions. That's great. But it comes at a cost:

Your transactions can be reversed and your money can be frozen/confiscated.
You need to complete KYC to transact on the network at all.
Your transaction data will be sold to 3rd parties.

Even if we ignore the "digital gold" aspects, these seem like strong reasons to use Bitcoin for P2P payments rather than Libra.

Sailor11

newbie

Activity: 17

Merit: 5

Quote from: Patatas on July 19, 2019, 03:40:39 PM

Quote from: Sailor11 on July 19, 2019, 03:31:20 PM

If you don't have any concerns about Bitcoin you can always go allin and bash anyone that has a different opinion.

When would you understand that it is not just about bitcoin but crypto-enthusiast as a whole? I like to be anonymous, I like to have freedom over my transactions, I like to have the code-open-sourced. I don't care what market value is of the coin as long as I don't want to use banks. I don't like someone watching over my transactions. Read all that and think about Libra again, "Libra created by FACEBOOK".

Please read my other comments also on this post. We are not far. Why would you think I'm in bitcointalk? I see that this community doesn't take Libra seriously, that's the reason I'm posting this.

Patatas

legendary

Activity: 1750

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Providing AI/ChatGpt Services - PM!

Quote from: Sailor11 on July 19, 2019, 03:31:20 PM

If you don't have any concerns about Bitcoin you can always go allin and bash anyone that has a different opinion.

When would you understand that it is not just about bitcoin but crypto-enthusiast as a whole? I like to be anonymous, I like to have freedom over my transactions, I like to have the code-open-sourced. I don't care what market value is of the coin as long as I don't want to use banks. I don't like someone watching over my transactions. Read all that and think about Libra again, "Libra created by FACEBOOK".

Sailor11

newbie

Activity: 17

Merit: 5

Quote from: Slow death on July 19, 2019, 03:32:44 PM

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What are the targets you want Bitcoin to have?

just google it

It can become a store of value but right now it is just a speculative investment. Thank you for the cointelegraph link, I haven't read that one.

Slow death

legendary

Activity: 2968

Merit: 1095

Leading Crypto Sports Betting & Casino Platform

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

Quote from: Sailor11 on July 19, 2019, 01:52:49 PM

What are the targets you want Bitcoin to have?

just google it

Sailor11

newbie

Activity: 17

Merit: 5

Quote from: Patatas on July 19, 2019, 03:25:16 PM

Do we have a shill here? Move this damn thread to Shit-Coin discussion already.

@op : I would have taken your argument into account if you could compare them based on the technical specifications. But for peanut brains like you who judges a coin by it's market value, I don't have much to discuss. Let me guess, you created your first ever bitcoin wallet on Coinbase? And got fucked over by one of these scammy exchanges.

Shill for what Libra? Yes dude I bought Libra and shilling the coin. I will sell when double.... Obviously you don't know what you are talking about. I am not qualified enough to discuss technical issues although I understand them. Also all your guesses are wrong. Plus I didn't get scammed by any exchange. This was obviously a try to attack the person by looking into his history.
The argument is what it is. If you don't have any concerns about Bitcoin you can always go allin and bash anyone that has a different opinion.

Pingip

newbie

Activity: 14

Merit: 3

Patatas

legendary

Activity: 1750

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Providing AI/ChatGpt Services - PM!

Do we have a shill here? Move this damn thread to Shit-Coin discussion already.

@op : I would have taken your argument into account if you could compare them based on the technical specifications. But for peanut brains like you who judges a coin by it's market value, I don't have much to discuss. Let me guess, you created your first ever bitcoin wallet on Coinbase? And got fucked over by one of these scammy exchanges.

Topic: Libra has competitive advantages over Bitcoin. We let this happen. - page 2. (Read 497 times)