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Topic: Libra vs. Bitcoin - What's the Dif? (Read 1096 times)

hero member
Activity: 2296
Merit: 506
Cryptocasino.com
December 26, 2019, 10:53:08 AM
#89
The difference is about the stability and also the centralization of Libra compare to Bitcoin. Bitcoin is far way better than libra because bitcoin is a volatile and it gives opportunity for investors and its keepers to earn money long term and it is better in an aspect of being decentralized so there is no one that can interrupt you from taking benefits of being a bitcoin user.
it's not the main difference between both but the main difference should be libra has a purpose to be the stable crypto and bitcoin can be considered as various things or it has utility usage. There is no reason to call stability and decentralization as the difference between both
sr. member
Activity: 1652
Merit: 262
December 26, 2019, 10:16:48 AM
#88
in the context of digital currency, the two concepts will certainly be the same. but yes, the bitcoin fee is cheap and the transaction is fast. We don't know libra yet because they haven't been released to the public so we don't know the fee and the speed of the transaction. but what is clearly different is as you said, libra is like perfect money but in the form of digital coins, so the value is stable while bitcoin is volatile.
sr. member
Activity: 2422
Merit: 267
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December 26, 2019, 09:42:53 AM
#87
The difference is about the stability and also the centralization of Libra compare to Bitcoin. Bitcoin is far way better than libra because bitcoin is a volatile and it gives opportunity for investors and its keepers to earn money long term and it is better in an aspect of being decentralized so there is no one that can interrupt you from taking benefits of being a bitcoin user.
Yes, the first information about libra is centralization and control, which makes us feel that bitcoin is having better conditions than libra, it creates opportunities for many investors to make money but all speculations are based on basic information. We need to wait for the official launch of libra to make an official comparison between both of these prominent figures but overall, the difference between the two is probably the support and vision of the government, the government is not too happy with bitcoin while giving enthusiastic support to libra
I see Libra and Bitcoin will have different shares and the treatment that will be received will also be different. but obviously bitcoin will be better because bitcoin is indeed more free and proven than Libra which is still new and can't be seen yet because we don't know yet about its development. all will clearly see before deciding that Libra can be well received compared to Bitcoin of course.
member
Activity: 279
Merit: 11
December 26, 2019, 09:13:20 AM
#86
The difference is about the stability and also the centralization of Libra compare to Bitcoin. Bitcoin is far way better than libra because bitcoin is a volatile and it gives opportunity for investors and its keepers to earn money long term and it is better in an aspect of being decentralized so there is no one that can interrupt you from taking benefits of being a bitcoin user.
Yes, the first information about libra is centralization and control, which makes us feel that bitcoin is having better conditions than libra, it creates opportunities for many investors to make money but all speculations are based on basic information. We need to wait for the official launch of libra to make an official comparison between both of these prominent figures but overall, the difference between the two is probably the support and vision of the government, the government is not too happy with bitcoin while giving enthusiastic support to libra
hero member
Activity: 938
Merit: 500
December 26, 2019, 09:05:57 AM
#85
Both coins are cloudy in terms of transparency because we still don’t know who and why created Bitcoin but based on the fact of anonymity, I prefer bitcoin, and it doesn’t matter what the transaction fee and volatility is.
full member
Activity: 1750
Merit: 118
December 26, 2019, 07:55:37 AM
#84
The difference is about the stability and also the centralization of Libra compare to Bitcoin.
being centralizd usually means stable and being decentralized mostly means unstable  .

Bitcoin is far way better than libra because bitcoin is a volatile and it gives opportunity for investors and its keepers to earn money long term
depends on the users view  . some dont like the volatility of bitcoin because it makes them confuse if which the price will heading but others like it because this gives them many possibilities  .

and it is better in an aspect of being decentralized so there is no one that can interrupt you from taking benefits of being a bitcoin user.
interupt in the form of what  ? because being decentralized means no one controlls it  ? what about the price  ? the price will fluctuate and its annoying and can interupt your plans   .
sr. member
Activity: 742
Merit: 329
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December 26, 2019, 07:41:26 AM
#83
The difference is about the stability and also the centralization of Libra compare to Bitcoin. Bitcoin is far way better than libra because bitcoin is a volatile and it gives opportunity for investors and its keepers to earn money long term and it is better in an aspect of being decentralized so there is no one that can interrupt you from taking benefits of being a bitcoin user.
member
Activity: 980
Merit: 62
December 26, 2019, 03:46:21 AM
#82
On going through the writeup, I have a perfect understanding of the difference between bitcoin and libra. I would rather settle for Bitcoin, and get my privacy intact. Libra is a centralised project and would be giving out so much information to the owners who we shouldn't trust considering the previous allegations which was leveled against them.

And apart from the privacy fact, there is a huge difference on how the price of those two coins will move.
Bitcoin's price is affected by a totally decentralized market and it is open and free, while Libra coin will be backed by dollars and pegged to a certain price just to fuel some Facebook operations.
copper member
Activity: 350
Merit: 1
September 06, 2019, 12:09:06 PM
#81
On going through the writeup, I have a perfect understanding of the difference between bitcoin and libra. I would rather settle for Bitcoin, and get my privacy intact. Libra is a centralised project and would be giving out so much information to the owners who we shouldn't trust considering the previous allegations which was leveled against them.
full member
Activity: 686
Merit: 103
www.fintropy.io
September 06, 2019, 11:55:10 AM
#80
Bitcoin has the most demand for identity hide. Some transaction is easy by identity hide. As Libra if you want to send money will easy from FB. I would like Bitcoin rather Libra, only few people will do by Libra.

What are you talking about. Cryptocurrencies do not have demand for identity hiding. People and users do. I know the Bitcoin user community and none of them want to hide their identities. They would very much like to protect their privacy and personal data that is all.

You want to send easy money from FB? Why? Why not easy BTC p2p? Cheaper, faster, no blockages.

The main differences between 2 of them are the following: BTC is decentralized, and Libra is centralized, stable, having a team that will control it.  BTC transactions are anonymously recorded in the blockchain. Libra also uses a blockchain form in which it will be necessary to obtain authorization (permissions). This approach means that transactions can only be made by a group of proxies.
full member
Activity: 868
Merit: 100
Proof-of-Stake Blockchain Network
September 04, 2019, 09:16:55 AM
#79
the difference between bitcoin and the pound coin is that bitcoin is making a lot of money here so more people are investing in it because it is leading the crptocurrency rather than investing in the pound coin which has little investment in it because you have little chance of making a big profit here. .
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
September 04, 2019, 05:26:17 AM
#78
Bitcoin has the most demand for identity hide. Some transaction is easy by identity hide. As Libra if you want to send money will easy from FB. I would like Bitcoin rather Libra, only few people will do by Libra.

What are you talking about. Cryptocurrencies do not have demand for identity hiding. People and users do. I know the Bitcoin user community and none of them want to hide their identities. They would very much like to protect their privacy and personal data that is all.

You want to send easy money from FB? Why? Why not easy BTC p2p? Cheaper, faster, no blockages.
jr. member
Activity: 40
Merit: 1
September 04, 2019, 04:07:54 AM
#77
As the Facebook officials declare Libra has nothing to do with Bitcoin, Libra is business digital asset with certain limitations whereas Bitcoin is open-source digital asset.
sr. member
Activity: 2380
Merit: 366
September 04, 2019, 04:00:01 AM
#76
This is more of a subjective assessment rather than an objective one. The OP is clearly implying his absolute support for Bitcoin and dislike over Libra. However exaggerated it may appear though, it is close to truth. Libra may be appreciated in general because it is to be considered a victory of cryptocurrency over the old fiat system, the circumstances and features surrounding Libra is a little dubious.
hero member
Activity: 1190
Merit: 541
September 04, 2019, 03:53:08 AM
#75
~snip
I'am not interested in Libra, even though there are currently many who say that Libra will replace Bitcoin. Currently using Faceook is very problematic for us. All our identities are clearly visible there. Different from using Bitcoin. I think Libra is not a new generation, but the old generation was developed with a new system. Bitcoin is a new system that can be used by everyone.
Just as you know this, everyone still knows this also, and they know that Libra coin can never function as much as bitcoin would do and would never be accepted as much as bitcoin is, but there is still willingness of some people to at least give it a try for the areas which it would cover. You will agree with me that Facebook has so many business merchants that are using their platform to reach out to their world as regard their product, and Facebook has been quite active in this regards.

They might have dislike for Libra coin, but at the same time, I Didn’t think that Facebook will ever be bitcoin merchant when it comes to payment, which means that those fakebook merchants who are quite much in number will definitely use the Libra coin out of no choice.
full member
Activity: 517
Merit: 100
September 03, 2019, 05:07:47 AM
#74
~snip
I'am not interested in Libra, even though there are currently many who say that Libra will replace Bitcoin. Currently using Faceook is very problematic for us. All our identities are clearly visible there. Different from using Bitcoin. I think Libra is not a new generation, but the old generation was developed with a new system. Bitcoin is a new system that can be used by everyone.
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Activity: 364
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Erotic Industry on the Blockchain! RachelX
July 31, 2019, 01:20:28 PM
#73
The difference between Libra and bitcoin is obvious and simple. Bitcoin is digital and decentralized cryptocurrency which is popular and the top leading cryptocurrency which is used for transaction while Libra can be said to be a centralized, stable coin of which no one knows the future it holds.
sr. member
Activity: 485
Merit: 274
July 31, 2019, 11:16:08 AM
#72
Today I can say with confidence that Libra will not compete with bitcoin. Most likely it will be a springboard for bitcoin and after the introduction of Libra, bitcoin expects a flight to the moon. Libra is not a decentralized cryptocurrency. Libra is a stablecoin that will be produced in huge quantities.

OP has already done justice which differences exist between both currencies, There is nothing that can be expected from Libra that hasn't been offered by Bitcoin in a better way, Libra coin is just like every induvidual having their statement of account with all of these organizations listed by the OP, which is very unsafe.
Well there hell of a difference. Just look at the functionalities of the coins. These two coins are for very different functions. Bitcoin is for speculation purpose to a major extent. This is what people look for in Bitcoin, the ability to replicate their money. Libra is a stable coin so expecting returns from one you out in your money in Libra is a waste of time.
Which is a good thing for Libra.
hero member
Activity: 1092
Merit: 501
July 23, 2019, 08:05:17 AM
#71
Today I can say with confidence that Libra will not compete with bitcoin. Most likely it will be a springboard for bitcoin and after the introduction of Libra, bitcoin expects a flight to the moon. Libra is not a decentralized cryptocurrency. Libra is a stablecoin that will be produced in huge quantities.

OP has already done justice which differences exist between both currencies, There is nothing that can be expected from Libra that hasn't been offered by Bitcoin in a better way, Libra coin is just like every induvidual having their statement of account with all of these organizations listed by the OP, which is very unsafe.
Well there hell of a difference. Just look at the functionalities of the coins. These two coins are for very different functions. Bitcoin is for speculation purpose to a major extent. This is what people look for in Bitcoin, the ability to replicate their money. Libra is a stable coin so expecting returns from one you out in your money in Libra is a waste of time.
hero member
Activity: 2744
Merit: 588
July 22, 2019, 04:02:56 PM
#70
Maybe I don’t understand something, but Bitcoin offers anonymity and decentralization, and the Libra project offers a concentration of all personal data in one resource.  I think that this moment should alarm many.

The basic and well known difference between Libra and bitcoin is centralised and decentralized platform.  Many corporate giants are are giving support to Libra and Facebook community but this is not same for Bitcoin is facing now.
Only people have passionate on Bitcoin only having faith and keep support on this coin.

People who value their privacy will not divulge with libra project.
But people who are loyal fb users might not think anything about their privacy but the advantage that they can get out of it.
Small business owners might see this platform as good avenue for them.
So it is all about individual's priority. Let us respect the varying interest on this project.

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