Topic: So ... It's too early to compare Lybra with Bitcoin? (Read 654 times)
yes it's very early when comparing with the facebook coins that you mean, I know that they have big partners, strong communities but they also haven't been released legally so I can't fully say that Facebook coins will dominate the crypto market.
no one can predict the future of crypto, especially if it is about libra and bitcoin, everything can happen, and it is not impossible libra can be better than bitcoin, and replace the position of bitcoin, or even coin libra is not as good as what most people expectations
Libra will never be better than Bitcoin. These are two different objects which can not be compared. Libra can not even be called cryptocurrencyAt the moment libra and bitcoin are incomparable, libra is still not launched and bitcoin has been waxing stronger more than 10 years now. Bitcoin is a dex and libra isn't not.
Bitcoin and Libra can't be compared with each other because they are two different payment systems. Comparing Bitcoin to Libra is like comparing Bitcoin to AliPay. This is the way I think about it, rough analogy...
Libra = Paypal 2.0
BTC = Gold
I think Libra will be fantastically liberating and empowering for billions of people, who can use it to make micro payments for their daily needs.
I think BTC will eventually be the worldwide reserve currency, that people turn to for keeping their capital safe. Note right now of course it is way too volatile for that, but I think that is the direction it will end up and I'm making my bets on it.
Libra = Paypal 2.0
BTC = Gold
I think Libra will be fantastically liberating and empowering for billions of people, who can use it to make micro payments for their daily needs.
I think BTC will eventually be the worldwide reserve currency, that people turn to for keeping their capital safe. Note right now of course it is way too volatile for that, but I think that is the direction it will end up and I'm making my bets on it.
While libra could be better than paypal it's also controlled by facebook which is like a branch of the CIA. Also FB was involved in some pretty serious data leaks and hacks. I don't know if I'd feel safer on FB than PP. They both suck at privacy.
You can make micro payments with many different decentralized coins. The problem is not with the coin but with acceptance. If people accepted LN transactions you'd be able to make micro payments with your good old decentralized cryptocurrency.
At the moment libra and bitcoin are incomparable, libra is still not launched and bitcoin has been waxing stronger more than 10 years now. Bitcoin is a dex and libra isn't not.
It is definitely too early to compare Bitcoin and Libra, infact we are not even yet certain if Libra would ever become a reality considering the legal challenges it is facing right now, but time would tell.
This is the way I think about it, rough analogy...
Libra = Paypal 2.0
BTC = Gold
I think Libra will be fantastically liberating and empowering for billions of people, who can use it to make micro payments for their daily needs.
I think BTC will eventually be the worldwide reserve currency, that people turn to for keeping their capital safe. Note right now of course it is way too volatile for that, but I think that is the direction it will end up and I'm making my bets on it.
Libra = Paypal 2.0
BTC = Gold
I think Libra will be fantastically liberating and empowering for billions of people, who can use it to make micro payments for their daily needs.
I think BTC will eventually be the worldwide reserve currency, that people turn to for keeping their capital safe. Note right now of course it is way too volatile for that, but I think that is the direction it will end up and I'm making my bets on it.
no one can predict the future of crypto, especially if it is about libra and bitcoin, everything can happen, and it is not impossible libra can be better than bitcoin, and replace the position of bitcoin, or even coin libra is not as good as what most people expectations
Libra will never be better than Bitcoin. These are two different objects which can not be compared. Libra can not even be called cryptocurrency 
no one can predict the future of crypto, especially if it is about libra and bitcoin, everything can happen, and it is not impossible libra can be better than bitcoin, and replace the position of bitcoin, or even coin libra is not as good as what most people expectations
Crypto community is not so excited for the Libra launch, because first of all, they need to be approved by governments and first talk with USA are not going well. Secondly the only common things with crypto currencies is the blockchain technology, nothing more.
Is it Lybra or Libra?
The American government is worried that the USD will be devalued if they allow Libra fly. It will leave too much power in the hands of one man, Zuckerberg. Libra will not see the light of day, not to talk of even getting anywhere near Bitcoin. If Mark Zuckerberg was from another country outside USA restrictions then maybe Libra may work
what ever you call that and it doesn't matter a lot. Not only with libra but US has already declared if that country is feeling worried with the progress of the crypto too. The bankers are the main party who didn't like about that. The American government is worried that the USD will be devalued if they allow Libra fly. It will leave too much power in the hands of one man, Zuckerberg. Libra will not see the light of day, not to talk of even getting anywhere near Bitcoin. If Mark Zuckerberg was from another country outside USA restrictions then maybe Libra may work
Is it Lybra or Libra?
The American government is worried that the USD will be devalued if they allow Libra fly. It will leave too much power in the hands of one man, Zuckerberg. Libra will not see the light of day, not to talk of even getting anywhere near Bitcoin. If Mark Zuckerberg was from another country outside USA restrictions then maybe Libra may work
The American government is worried that the USD will be devalued if they allow Libra fly. It will leave too much power in the hands of one man, Zuckerberg. Libra will not see the light of day, not to talk of even getting anywhere near Bitcoin. If Mark Zuckerberg was from another country outside USA restrictions then maybe Libra may work
On the contrary, we can say that it is already very successful for Libra. The US congress, the vice-president of the EU Central Bank and Trump, has already announced that the Libra could be dangerous.
Why is Libra being dangerous a good thing? Haven't you seen the regulatory uncertainty surrounding Libra?
Some governments have already discussed the issues such a cryptocurrency could raise, they could lay down some harsh regulations on Facebook's new coin.
Libra can also never appear in the market. It will depend on the governments as they want to be able to control it. And Facebook can't do anything without them.
If you asked me, it's too early to compare Libra coin to Bitcoin, Bitcoin has weathered when it comes to threats to it's being the most adopted, popular and profitable coin in the market, we'll have to see how it will have a direct impact on Bitcoin and another altcoin before we can judge if Libra coin is a threat or not.
Libra is a simple global currency and financial infrastructure that empowers billions of people. Libra consists of three parts that will work together to create a more inclusive financial system:
1. It is built on a blockchain that is safe, measurable, and reliable.
2. This is supported by asset reserves designed to provide intrinsic value.
3. This is regulated by an independent Libra Association which is tasked with developing ecosystems.
Are you aware that when they are busy with this project and we are also busy promoting their projects through this post. yes oral indeed very quickly affects society.
then what makes you so sure about this project? but I personally don't think that this is IMMEDIATELY, while Bitcoin is very decentralized and Lybra is more focused on finance.
so I think this is just about developing the adoption of blockchain technology in the future and cannot be compared to the investment aspects of the value of bitcoin. because bitcoin has been around for a long time and will remain the cryptoqurrency market leader.
1. It is built on a blockchain that is safe, measurable, and reliable.
2. This is supported by asset reserves designed to provide intrinsic value.
3. This is regulated by an independent Libra Association which is tasked with developing ecosystems.
Are you aware that when they are busy with this project and we are also busy promoting their projects through this post. yes oral indeed very quickly affects society.
then what makes you so sure about this project? but I personally don't think that this is IMMEDIATELY, while Bitcoin is very decentralized and Lybra is more focused on finance.
so I think this is just about developing the adoption of blockchain technology in the future and cannot be compared to the investment aspects of the value of bitcoin. because bitcoin has been around for a long time and will remain the cryptoqurrency market leader.
99% people here uneducated in simple things in life not talking about complex things which they far away from understanding this....but in order to answer you this so you will know what wait us in the future without predicting and be sure we need to dive deep from where bitcoin come...
LETS GO..
bitcoin come from peer to peer file sharing with twist called blockchain.
now why peer to peer file sharing(decentralized tech) was burn because before this there was centrelized tech which mean there was few main servers that hold all the info like movies,mp3,software and computers around the world was downloading from this main servers without be depending on each other, what happen is the governmnets pretty fast locate this servers and shut down them.
then people became more smart
and build decentralized=peer to peer file sharing which mean our private computers are the servers, for example computer A download from computer B and computer B upload something to computer Z and so on...
BitTorrent is a peer-to-peer protocol, which means that the computers in a BitTorrent “swarm” (a group of computers downloading and uploading the same torrent) transfer data between each other without the need for a central server.
now the governmnet need to shut down more then 500 million private computers and its impossible ,,its called decentralized tech.
now bitcoin is peer to peer money and not file sharing compare to libra project which is centerlized tech and decentralized tech always win...
libra is not threat and will be huge failure for sure its stable coin.
stable coin its not investment its exchange nothing more because the price dont grow its like to exchange usd to euro nothing more but even more
libra stable coins its not real crypto stable coin its centralized and control by facebook ...real crypto its mean its peer to peer money and no central control exist and no body can lock your account or other shit
so fucking simple...
decentralized tech mixed with distributed tech will eat the entire system like peer to peer file sharing it cannot go the other way,
I wouldn't go as far as saying that Libra will be a huge failure. Being backed by such a huge social media giant, and with the libra association being founded by dozens of industry giants, I really can't see how you could say Libra will fail, while complete trash like Tether (USDT) somehow thrives?
Sure, Libra is not as decentralized as Bitcoin, but it will not fail. I am almost certain it will be in the top 5 by market capitalization, and should eventually knock XRP out of its number 4 spot. Not sure how much further it can go though.
It will be a huge on-ramp to crypto, and many will spillover into ETH and BTC.
On the contrary, we can say that it is already very successful for Libra. The US congress, the vice-president of the EU Central Bank and Trump, has already announced that the Libra could be dangerous.
Libra is a simple global currency and financial infrastructure that empowers billions of people. Libra consists of three parts that will work together to create a more inclusive financial system:
1. It is built on a blockchain that is safe, measurable, and reliable.
2. This is supported by asset reserves designed to provide intrinsic value.
3. This is regulated by an independent Libra Association which is tasked with developing ecosystems.
Are you aware that when they are busy with this project and we are also busy promoting their projects through this post. yes oral indeed very quickly affects society.
then what makes you so sure about this project? but I personally don't think that this is IMMEDIATELY, while Bitcoin is very decentralized and Lybra is more focused on finance.
so I think this is just about developing the adoption of blockchain technology in the future and cannot be compared to the investment aspects of the value of bitcoin. because bitcoin has been around for a long time and will remain the cryptoqurrency market leader.
1. It is built on a blockchain that is safe, measurable, and reliable.
2. This is supported by asset reserves designed to provide intrinsic value.
3. This is regulated by an independent Libra Association which is tasked with developing ecosystems.
Are you aware that when they are busy with this project and we are also busy promoting their projects through this post. yes oral indeed very quickly affects society.
then what makes you so sure about this project? but I personally don't think that this is IMMEDIATELY, while Bitcoin is very decentralized and Lybra is more focused on finance.
so I think this is just about developing the adoption of blockchain technology in the future and cannot be compared to the investment aspects of the value of bitcoin. because bitcoin has been around for a long time and will remain the cryptoqurrency market leader.
99% people here uneducated in simple things in life not talking about complex things which they far away from understanding this....but in order to answer you this so you will know what wait us in the future without predicting and be sure we need to dive deep from where bitcoin come...
LETS GO..
bitcoin come from peer to peer file sharing with twist called blockchain.
now why peer to peer file sharing(decentralized tech) was burn because before this there was centrelized tech which mean there was few main servers that hold all the info like movies,mp3,software and computers around the world was downloading from this main servers without be depending on each other, what happen is the governmnets pretty fast locate this servers and shut down them.
then people became more smart
and build decentralized=peer to peer file sharing which mean our private computers are the servers, for example computer A download from computer B and computer B upload something to computer Z and so on...
BitTorrent is a peer-to-peer protocol, which means that the computers in a BitTorrent “swarm” (a group of computers downloading and uploading the same torrent) transfer data between each other without the need for a central server.
now the governmnet need to shut down more then 500 million private computers and its impossible ,,its called decentralized tech.
now bitcoin is peer to peer money and not file sharing compare to libra project which is centerlized tech and decentralized tech always win...
libra is not threat and will be huge failure for sure its stable coin.
stable coin its not investment its exchange nothing more because the price dont grow its like to exchange usd to euro nothing more but even more
libra stable coins its not real crypto stable coin its centralized and control by facebook ...real crypto its mean its peer to peer money and no central control exist and no body can lock your account or other shit
so fucking simple...
decentralized tech mixed with distributed tech will eat the entire system like peer to peer file sharing it cannot go the other way,
I wouldn't go as far as saying that Libra will be a huge failure. Being backed by such a huge social media giant, and with the libra association being founded by dozens of industry giants, I really can't see how you could say Libra will fail, while complete trash like Tether (USDT) somehow thrives?
Sure, Libra is not as decentralized as Bitcoin, but it will not fail. I am almost certain it will be in the top 5 by market capitalization, and should eventually knock XRP out of its number 4 spot. Not sure how much further it can go though.
It will be a huge on-ramp to crypto, and many will spillover into ETH and BTC.
why people comparing libra with bitcoin? don't you know bitcoin yet? libra is just a start up and new project.. We don't know yet what it can do.. and also some blockchain enthusiast says that Libra is the most expensive failure
When Libra appears, we will start comparing it with something, even Bitcoin. I do not see any sense to make these comparisons now. Moreover, it may happen that Facebook will say they decided to refuse the idea of launching Libra.
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will you compare apples with oranges?
then you shouldn't compare Libra with bitcoin either. instead you should compare Libra with Paypal and Visa and all the similar payment processors because those are in the same category as this token.
Properly explained. There's no point of comparing a centralized shit with bitcoin which is totally decentralized and no one have control over it. In fact, bitcoin has gained the popularity because of its decentralized nature. I don't think people will be mostly interested in a centralised shit. then you shouldn't compare Libra with bitcoin either. instead you should compare Libra with Paypal and Visa and all the similar payment processors because those are in the same category as this token.
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