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.
Topic: Libra vs. Bitcoin - What's the Dif? - page 2. (Read 1094 times)
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.
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 explained and concise highlights on the key differences between BTC and Libra. You omitted the fact that Libra is a stable coin while Bitcoin is volatile and may appreciate greatly with time. The only good thing about Libra is that it drives towards mainstream adoption, but highly regulated.
Yes, but owners of Libra coin will have to pay too high a price for this stability. In fact, you give away all your personal data and third parties have access to information about your wastes (that is, what you eat, drink, put on yourself, what places you visit). And be sure that this information will be used to influence your desires in order to earn as much money as they can on you (for example, FB now uses something similar to show you the ads that will interest you). The difference between Libra and Bitcoin is that Bitcoin is the first coin in cryptocurrency, and Libra is a regular alts on the market
The main difference is the volatility that is the number one feature of Bitcoin. As I understand, Libra is supposed to be a stable coin, which price will remain almost the same all the time. I guess it will be connected with the dollar. BTC does not have a real connection to any traditional currency. Besides, Libra might be a very cheap coin, close to 1 USD or less.
This is a repetition of Topic. But anyways, I will repeat my comment again. LIBRA coin is a centralized coin while Bitcoin is a decentralized coin. That's the major difference.
bitcoin does not kill. due to libra, many new players will come to the market (there should be such projects ). that actually will give a new impetus to growth.
Thank you for this.
I guess newbies should really look into this rather than Google.
They really never knew what they are going into. Supporting a centralized coin will just hurt their feelings in the end.
Why not go back old school and have your privacy back thru the use of bitcoin.
Too much new era is happening and they dont even realize that their information is leaking from all over the internet.
I guess newbies should really look into this rather than Google.
They really never knew what they are going into. Supporting a centralized coin will just hurt their feelings in the end.
Why not go back old school and have your privacy back thru the use of bitcoin.
Too much new era is happening and they dont even realize that their information is leaking from all over the internet.
Yes, Libra Coin is another attempt to steal your personal information. And this information will undoubtedly be used by third parties. Several largest payment systems showed interest in Libra.
Of course, once again, with the help of lies and the substitution of concepts, powerful people want to gain control over your finances and your personality.
The saddest thing is that many people, blinded by the fact that this is a coin of a well-known company, which is supported by many well-known corporations, will buy Libra and use it.
Of course, once again, with the help of lies and the substitution of concepts, powerful people want to gain control over your finances and your personality.
The saddest thing is that many people, blinded by the fact that this is a coin of a well-known company, which is supported by many well-known corporations, will buy Libra and use it.
Libra is going to be bullish for bitcoin.
Many people will start to see bitcoin as a legitimate investment not controlled by any single entity.
Of course, just watch and at that time, people will know who is the winner and who is the victim. Since many people has get abundant money from bitcoin, of course it looks legitimate. The good news is I hear bitcoin will start to raise to get the highest price ever in 2020 but this libra is even can't defeat BNB. Many people will start to see bitcoin as a legitimate investment not controlled by any single entity.
The difference between Libra and Bitcoin is that Bitcoin is the first coin in cryptocurrency, and Libra is a regular alts on the market
Lol, that's not the only difference. Let me tell you what altcoins are -> "All coins that are not bitcoin is considered as an altcoin". So Libra is actually an altcoin, but with huge differences ( the major difference - one is completely centralized and the other is decentralized). Read what OP wrote about bitcoin and Libra. You will get to know about the main differences from here. 
The difference between Libra and Bitcoin is that Bitcoin is the first coin in cryptocurrency, and Libra is a regular alts on the market
where are you from and what do you learn from libra and bitcoin, i suggest you try to read whole explanation about bitcoin and libra and you can create an opinion about both of coins. It looks like you are not even watching the news about bitcoin and libra because you don't even know the basic purpose of libra. 
The difference between Libra and Bitcoin is that Bitcoin is the first coin in cryptocurrency, and Libra is a regular alts on the market
You said that it is very true "a patch over an archaic banking system that is insecure, ridiculously slow, and very
expensive" but it doesn´t means sense in cryptocurrencies. Something that is decentralized is so slow, but it takes a time to communicate with many nodes.
expensive" but it doesn´t means sense in cryptocurrencies. Something that is decentralized is so slow, but it takes a time to communicate with many nodes.
Not all cryptocurrencies need to broadcast the transaction to the entire network to achieve transaction finality. Plenty of blockchains are incorporating sharding to increase their throughput and others are looking to off-chain solutions such as plasma, lightning etc to expand this to practically VISA-like levels.
Do you think that VISA and the online banking system was as fast as it is now, when it first launched?
Sorry to disrupt your little echo chamber here, but ...
If you are going to argue then at least get your facts straight.
I thought it might be valuable to point out some of the key differences between FaceBook’s new Libra coin and Bitcoin. They are certainly not the same. The greatest features of bitcoin center around it’s decentralized network.
Libra is:
Libra is:
- A currency that ties not only your basic identity to your money, but includes all the details found on your FB, instagram, What’sApp, and other social media. A near perfect coin for stealing your identity.
False. Only if you use the wallet that will be built into Facebook. If you use another wallet then they won't have any info on you.
Owned by a banking cabal including PayPal, MasterCard, FaceBook, Andreessen Horowitz, etc. Users may use their coins if they follow all rules required by the owner companies. Users must also accept that these rules may change at any time for any reason the owner companies decide.
Partly. Backed by a bunch of big companies. The money they are putting up the money is equivalent to tethers imaginary backing funds. they will be in charge of swapping from fiat to libra and back.
A currency who’s distribution, supply, and all other parameters are under the complete control of the owners. They can change the valuation or double the circulation. (Owners, not Users – FaceBook and it’s partners are the owners of the money)
False. It is pegged to a basket of stuff (whatever that really means) so will stay at a fairly fixed value.
A currency that can be used at FaceBook’s partner stores. It allows FB partners to pry into your spending habits in an unprecedented way. You may only use their money if they receive a cut of the money and all transactions are allowed only if FB decides it is okay for you to do.
What does that even mean? Wrong on so many levels I won't even bother with it.
A patch over an archaic banking system that is insecure, ridiculously slow, and very expensive.
True.
If you are going to argue then at least get your facts straight.
I think you did more justice to that topic in less words than anyone else could ever do. The initial post is Flaws and looks quite horrific. Those points alone would serve as a veritable tool to demarket cryptocurrency and blockchain. Thank you for setting the facts right
Sorry to disrupt your little echo chamber here, but ...
If you are going to argue then at least get your facts straight.
I thought it might be valuable to point out some of the key differences between FaceBook’s new Libra coin and Bitcoin. They are certainly not the same. The greatest features of bitcoin center around it’s decentralized network.
Libra is:
Libra is:
- A currency that ties not only your basic identity to your money, but includes all the details found on your FB, instagram, What’sApp, and other social media. A near perfect coin for stealing your identity.
False. Only if you use the wallet that will be built into Facebook. If you use another wallet then they won't have any info on you.
Owned by a banking cabal including PayPal, MasterCard, FaceBook, Andreessen Horowitz, etc. Users may use their coins if they follow all rules required by the owner companies. Users must also accept that these rules may change at any time for any reason the owner companies decide.
Partly. Backed by a bunch of big companies. The money they are putting up the money is equivalent to tethers imaginary backing funds. they will be in charge of swapping from fiat to libra and back.
A currency who’s distribution, supply, and all other parameters are under the complete control of the owners. They can change the valuation or double the circulation. (Owners, not Users – FaceBook and it’s partners are the owners of the money)
False. It is pegged to a basket of stuff (whatever that really means) so will stay at a fairly fixed value.
A currency that can be used at FaceBook’s partner stores. It allows FB partners to pry into your spending habits in an unprecedented way. You may only use their money if they receive a cut of the money and all transactions are allowed only if FB decides it is okay for you to do.
What does that even mean? Wrong on so many levels I won't even bother with it.
A patch over an archaic banking system that is insecure, ridiculously slow, and very expensive.
True.
If you are going to argue then at least get your facts straight.
How stupid for me to compare these two projects. because it is simply impossible to compare Bitcoin which is now the leader in the market and has always been a new coin that is simply not popular yet deserves the name it is called.
I thought it might be valuable to point out some of the key differences between FaceBook’s new Libra coin and Bitcoin. They are certainly not the same. The greatest features of bitcoin center around it’s decentralized network.
Bitcoin is:
Its really simple but will clear every doubt about the libra and bitcoin to the people.Bitcoin is:
- A currency that disconnects your identity from your money.
Owned only by the user who posses it.
A currency that has a production, circulation, and distribution which is beyond the control of any government, business, or ANY entity at all.
A currency that can be used in any country for any transaction and is beyond anyone’s ability to compel or deny a transaction.
The cheapest, fastest, and most secure way to send money yet invented.
- A currency that ties not only your basic identity to your money, but includes all the details found on your FB, instagram, What’sApp, and other social media. A near perfect coin for stealing your identity.
Owned by a banking cabal including PayPal, MasterCard, FaceBook, Andreessen Horowitz, etc. Users may use their coins if they follow all rules required by the owner companies. Users must also accept that these rules may change at any time for any reason the owner companies decide.
A currency who’s distribution, supply, and all other parameters are under the complete control of the owners. They can change the valuation or double the circulation. (Owners, not Users – FaceBook and it’s partners are the owners of the money)
A currency that can be used at FaceBook’s partner stores. It allows FB partners to pry into your spending habits in an unprecedented way. You may only use their money if they receive a cut of the money and all transactions are allowed only if FB decides it is okay for you to do.
A patch over an archaic banking system that is insecure, ridiculously slow, and very
expensive.
Hopefully people will understand why we had bitcoin at first thought and will completely stay away from a centralized libra coin.
In my opinion it is strange to compare the new, not yet implemented LIBRA project with Bitcoin, on which the entire market rests. A similar situation was when Durov advertised his TON project, then around his GRAM tokens there was also a lot of controversy, but few could buy them. Almost 2 years have passed, and his project has not moved from its place ... And Bitcoin is still alive and is an indicator of the entire market!
Thanks to those who made the topic so with this I know what is the difference between Bitcoin and Libra, but even though many say the Libra coins will be very good later but until now I still survive in Bitcoin and if in the future Libra has seen as a good coin then I will take both for investment and trade
I don't see how it will be "good" later. It is a centralized coin. Its just like paypal, but it will use blockchain technology. Hell, some won't even consider it as a crypto currency. Everyone won't be able to mine it (only selected group)! This is more like a digital currency. Trust me, you will be making better profit by investing on bitcoin only.
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