Libra is Zuckerberg shot to jump into crypto.
Lol, how could compare these two
Topic: Libra vs. Bitcoin - What's the Dif? - page 3. (Read 1104 times)
the main difference is that Bitcoin is cryptocurrency and Libra is no
Libra is Zuckerberg shot to jump into crypto.
Lol, how could compare these two
Libra is Zuckerberg shot to jump into crypto.
Lol, how could compare these two
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
This is my first time knowledge to know about Libra coin. It seems that libra coin is one of the most promising coin knowing that it is a project integrated to social media apps like facebook and others. But, the hype of bitcoin was not being caused by libra because it is the bitcoin block chain that will determine the market and not by the other coins.
It looks like Libra is everything a crypto currency shouldn't be... that's sad.
Most likely it will succeed since it's backed up by a lot of important companies but I still feel like it shouldn't.
Most likely it will succeed since it's backed up by a lot of important companies but I still feel like it shouldn't.
Bitcoin and Satoshi "they" did not envisage having regulatory framework for the currency. I tend to think they left this out on purpose, because even the whitepaper is silent on legal and regulatory concerns. The more reason Satoshi maintained an anonymity which I think was by design to avoid what Libra is facing right now. Developed nations such as the US and European countries are already calling for regulation or halting of Libra altogether. Bitcoin will never experience such setback especially if users were to go mainstream adoption on a peer to peer system.
Libra is not bad only that it seeks to compete with central banks who are worried if masses pick up and sign up on this new digital currency they will loose much held power. It is ceding power from central banks to multinationals with Libra while Bitcoin power goes to the people.
Let's see how this goes in coming days and months!
Libra is not bad only that it seeks to compete with central banks who are worried if masses pick up and sign up on this new digital currency they will loose much held power. It is ceding power from central banks to multinationals with Libra while Bitcoin power goes to the people.
Let's see how this goes in coming days and months!
Libra to hook into all your payments, bills, etc. And if they offer loans? Make payments or get locked out of your identity (!!!), can't pay your debts? Ok, here's your new repayment plan...
Sounds like banks on steroids.
Sounds like banks on steroids.
And in doing so, it will work for a platform that can access all of your personal data. Facebook uses your data more than you know. In this case, you can easily understand that it has nothing to do with the crypto entity.
Libra will not do more than the banks do. It's just gonna be a little easier. What do you need Libra? We already have top model Bitcoin&Tether already!
Quote
The cheapest, fastest, and most secure way to send money yet invented.
Quote
There are already altcoins that's way more cheaper, faster and more secure than Bitcoin, it's just that Bitcoin is the father and pioneer of cryptocurrency.
My thoughts exactly. Like, Bitcoin started it all, but there are altcoins that have learnt from the bitcoin technology and have made more developed ones of their own, making them faster and cheaper and lot more things too.
Libra to hook into all your payments, bills, etc. And if they offer loans? Make payments or get locked out of your identity (!!!), can't pay your debts? Ok, here's your new repayment plan...
Sounds like banks on steroids.
Sounds like banks on steroids.
Bitcoin is decentralized while Libra is centralized. The centralization of Libra makes it more designed to specific purposes because its designers are really setting its funtionality and uses in the cryptocurrency industry. Though, Libra hasn't proven anything yet, but the expectations are high.
So in short,
Bitcoin is:
Good
Libra is:
Bad
Bitcoin is:
Good
Libra is:
Bad
Quote
The cheapest, fastest, and most secure way to send money yet invented.
There are already altcoins that's way more cheaper, faster and more secure than Bitcoin, it's just that Bitcoin is the father and pioneer of cryptocurrency.OP showing and believe the capability of bitcoin being currency, but in my own opinion no need to compare what is difference of both coin.
Because we know the capability of each coins as currency, facebook libra coins have big chance to become stable coins becasue it's came from the popupar social media company but it doesn't not mean libra have capable to replace bitcoin as stronger and king of crypto currency.
the biggest difference is Libra is a cryptocurrency for the corporation
while bitcoin is a cryptocurrency for people
Libra is pegged and bitcoin is not
while bitcoin is a cryptocurrency for people
Libra is pegged and bitcoin is not
Quote
A patch over an archaic banking system that is insecure, ridiculously slow, and very expensive.
This is probably the only advantage that Libra has against the traditional banking system.
Every other parameter is essentially copied right over, apart from optimizing the data analysis for FB's own gain. By having a blockchain like this, as well as their own currency, they are able to essentially track your every move every time you transact with this, which is completely against the ideas that bitcoin stands for in terms of anonymity.
And who would ever think that it's a good idea to trust a company, let alone one that is affiliated with paypal, to hold reserves? It would only be a matter of time before this ends up like a lot of other so called "stable-coins" that are operating under reserves a fraction of their liabilities.
Very informative Thanks for Sharing.
Large number of people is confused between libra and bitcoin. Most of the world consider that both are same. But as you given detail about both the currencies these are the main difference and i think most people will get known about the difference now.
Bitcoin is more good then libra for me as bitcoin can never show your identity and never expose your money while libra will never keep secret your identity.
Large number of people is confused between libra and bitcoin. Most of the world consider that both are same. But as you given detail about both the currencies these are the main difference and i think most people will get known about the difference now.
Bitcoin is more good then libra for me as bitcoin can never show your identity and never expose your money while libra will never keep secret your identity.
In my opinion the most crucial difference is the fact that Libra is backed by institutions,
And by that, I mean that the value of Libra is reserved by fiat currency. This is totally different with bitcoin notion, however, due to the fact that it is a digital currency Libra comes to the same category as Bitcoin
And by that, I mean that the value of Libra is reserved by fiat currency. This is totally different with bitcoin notion, however, due to the fact that it is a digital currency Libra comes to the same category as Bitcoin
I can see why the opposition to the FB coin. I want to know if you guys think there will be much fluctuations in its price? Or will it flop? I thought it was going to be a stablecoin when announced.
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
Same technology but going for two completely different markets. Could Libra kill bitcoin? Not really. Will it make it redundant? Definitely.
Libra exists because FB has seen WeChat and wants a piece of it. In china you can book hotels and buy things from your chat app. Facebook wants to do that over here. imagine if you could message your friend and send them $20 in the app. Or book and pay for a flight in the app. It is that simple.
Libra will be open source and (probably) have a public blockchain. FB is the first big user but the idea is to let other companies buy and sell things so it is open in that respect. they will have your details as well. It is business.
It will be pegged so the exchange rates won't fluctuate wildly, making it perfect for buying and selling things.
Ten years in and you can't buy anything with bitcoin. It is just no good for that. I bet you within a year people will be using Libra.
https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/
Libra exists because FB has seen WeChat and wants a piece of it. In china you can book hotels and buy things from your chat app. Facebook wants to do that over here. imagine if you could message your friend and send them $20 in the app. Or book and pay for a flight in the app. It is that simple.
Libra will be open source and (probably) have a public blockchain. FB is the first big user but the idea is to let other companies buy and sell things so it is open in that respect. they will have your details as well. It is business.
It will be pegged so the exchange rates won't fluctuate wildly, making it perfect for buying and selling things.
Ten years in and you can't buy anything with bitcoin. It is just no good for that. I bet you within a year people will be using Libra.
https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/
Of course there is no competition in the market, everyone prioritizes bitcoin because bitcoin enthusiasts have never diminished, if our coin libra everyone doesn't know what system to use, many questions in all forums especially the bitcointalk forum are very often discussed, and almost all media around the world talking about Libra coins that will be created to help Cryptocurrency growth in the whole world ..
I think both of them are very good because they use the blockchain system and make many people switch to using cryptocurrency ...
The forecasts for the cost of Bitcoin that were made at the beginning of the year were not deceived. Bitcoin really almost took the position of 10,000 by mid-summer. In a place with the release of the libra coin, this can give an impetus for young people to start using cryptocurrency.
If a large number of thousands of years begin to buy cryptocurrencies, it can be a problem both for the market and for profit. Many newbies do not study crypto investing, they want results. But immediately investing is short-sighted, it is better to get at least basic knowledge, for example, taklimakan offers educational articles. And only then try cryptocurrency. Since, like a sharp increase, we can expect a sharp decline due to the number of unsuccessful transactions on the part of beginning investors.The good thing about Libra is that it is pegged and therefore not a good investment. When will everyone learn that fluctuating between 2k and 20k is NOT a good thing for bitcoin. It just means that the only people who buy it are investors and not the general public.
With BTC you will not lose access to your wallet for 30 days when you see these words: "Session expired. Please login again"
The forecasts for the cost of Bitcoin that were made at the beginning of the year were not deceived. Bitcoin really almost took the position of 10,000 by mid-summer. In a place with the release of the libra coin, this can give an impetus for young people to start using cryptocurrency.
If a large number of thousands of years begin to buy cryptocurrencies, it can be a problem both for the market and for profit. Many newbies do not study crypto investing, they want results. But immediately investing is short-sighted, it is better to get at least basic knowledge, for example, taklimakan offers educational articles. And only then try cryptocurrency. Since, like a sharp increase, we can expect a sharp decline due to the number of unsuccessful transactions on the part of beginning investors.
It is pointless trying to defend Libra with you lot, however ...
if you had actually read anything about it you would know that
Bitcoin is no less centralised for 90% of the people who keep their coins in an exchange or online wallet.
if you had actually read anything about it you would know that
- it is governed by an independent body, nothing to do with FB.
- It is open source so you can examine the code.
- Visa and mastercard, etc are just the on/off ramps for the currency. I'm guessing if you are using them then they have your details already.
- will probably be a cryptocurrency your granny could use.
Bitcoin is no less centralised for 90% of the people who keep their coins in an exchange or online wallet.
Jump to: