Topic: The difference between Bitcoin and Facebook's Libra - page 2. (Read 868 times)
We are just enthusiastic about Libra. Libra is not the only stable coin in existence, so what is so special about its stability? Comparing Libra with Bitcoin is just an exaggeration.
In regard's to fb libra, i donot know how it works since, i'm no longer active on facebook
you dont need to become a facebook user or an active fb user just to know about thier project because there are always external sources outside the fb that you can read in order to be aware of what is it and what is its usage . Quote
but, i do know most of it's sponsor are now withdrawing back which is a strong indication of lack of interest.
how do you know that when you said you are not into facebook ? see , i told you . your info was right . not just withdrawing but i think thier overall plan was already cancelled .Quote
The reason behind this action,might be due to possible crash with traditional banking system.
i didnt know that its possible for a banking system to crash but there are many banking system , you must be specific if what bank is that . who knows maybe that is the real reason on why they back out
In regard's to fb libra, i donot know how it works since, i'm no longer active on facebook but, i do know most of it's sponsor are now withdrawing back which is a strong indication of lack of interest.
The reason behind this action,might be due to possible crash with traditional banking system.
Thanks
The reason behind this action,might be due to possible crash with traditional banking system.
Thanks
Here's a detailed article on this topic by CNBC:
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
Bitcoin is a fully decentralized currency while Facebook Libra is centralized shitcoin!
Bitcoin is open-source, backed by the people while Facebook Libra is not open-source, backed by Facebook, PayPal, VISA and so on.
There are a lot of differences between Bitcoin and Libra, main difference is the platform based, Bitcoin is fully decentralized and Libra is the opposite which will be totally centralized and controlled by the Giant Facebook, I think from the 15 years, Facebook collected huge information and database which is their main strength, Also They are facing a lot of difficulties before coming the market, according to their planning, Libra will be a stable coin not like Bitcoin is, Already the US government is trying to stop in a bud, but facebook is also a strong platform in the current context, I think the main difference between Bitcoin and Libra is controlling and stability.
obviously libra and bitcoin are very different. Libra adopts a centralized system because it was created by Facebook and will be controlled by the Libra association which consists of several large companies such as Mastercard, Paypal and Visa. so I think libra will be a stable coin. whereas decentralized bitcoin has nothing to regulate and control so the value is very volatile. because of this fluctuation most people use bitcoin for investment tools. and in my opinion libra will be used for daily transactions because of its stable value.
Yes a lot of difference, so I don't think why people are comparing Libra over Bitcoin, it is just because it is developed by Facebook doesn't mean they are unique and will surpass the power of Bitcoin. I am seeing a lot of groups in facebook promising and making hype that Libra will be like Bitcoin so they are encouraging a lot of people to invest early, without telling the truth that Libra is a different concept. Hope that people will be vigilant with this matter. 
obviously libra and bitcoin are very different. Libra adopts a centralized system because it was created by Facebook and will be controlled by the Libra association which consists of several large companies such as Mastercard, Paypal and Visa. so I think libra will be a stable coin. whereas decentralized bitcoin has nothing to regulate and control so the value is very volatile. because of this fluctuation most people use bitcoin for investment tools. and in my opinion libra will be used for daily transactions because of its stable value.
Libra is just an opportunistic and centralized startup launched by a powerful company profiting at the expense of its user’s personal information. Most likely it will fail. That is what startups do. They fail 95% of the time. It does not matter if they have been created by top-notch companies. There are so many examples of the later I will not even mention them here. Bitcoin on the other hand has already "established" itself as the most successful investment of all time. Its creation was the result of the collective effort of many individuals. Its original purpose was to empower the unprivileged and allow individuals to transfer money across borders without having to be subject to any centralized institution. Maybe it has become a little centralized and an instrument for a few individuals to rip profits out of inexperienced traders, but is still miles and years ahead of a project like Libra
bitcoin and libra are the same as virtual currencies but what is the difference between bitcoin and libra, libra is an exchange tool or for receiving money and sending money or other transactions without having to leave home for libra users, while bitcoin is a platform to facilitate transactions and better known as investment coin
Libra will be game changer for facebook. It will mostly end facebook since facebook is famous for illegal activities.
It will highly affect everthing in facebook, but I dont think that it will be the reason for facebook to end because of that. It might become the start for more success for both of them. We should see for positive side and not for the negative.
Its funny how people can easy make comparison between Bitcoin and a coin that hasn't been listed or made available for people to use. Libra is just a stablecoin version of Ripple since both kinda have similar ideology. I think its a bad idea to compare Bitcoin to Facebook's Libra.
The same way that bitcoin was never intended to replace the fiat system of the government is the same way that I think Facebook never created Libra coin to replace bitcoin many of us can even see that many times the team behind the Libra coin has openly declared support for bitcoin which they believe that the Facebook Libra coin will only tend to facilitate the adoption of cryptocurrency, of which the use of bitcoin will be number one priority for many people.Like you said, the Libra coin is a stable coin and can only function as utility token, while bitcoin encompasses of everything, both utility token, investment token and as a full decentralized coin while the said Libra coin can never ever be created in a decentralized manner that people want.
Here's a detailed article on this topic by CNBC:
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
That big difference is the only reason why many people will start investing more in bitcoin.cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
I am not against Libra coin because it will pave the way for many investors to the world of cryptocurrencies.
This is the only reason I like Libra because it is owned by well known brand which will make it gain traction and hence popularize currencies like BTC and ETH.
Here's a detailed article on this topic by CNBC:
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
Bitcoin is a fully decentralized currency while Facebook Libra is centralized shitcoin!
Bitcoin is open-source, backed by the people while Facebook Libra is not open-source, backed by Facebook, PayPal, VISA and so on.
The difference is just huge,bitcoin is powerful and libra is powerful too but to weak to be compared to bitcoin.Yes libra coin has alot of supporter well what you expect from the company who developed it.But clearly bitcoin is still the best
Here's a detailed article on this topic by CNBC:
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
Excerpt from the articles
Quote
Further, unlike other stablecoins, Libra will not be pegged to one currency but instead a basket of assets ranging from bank deposits to short-term government securities.”
Libracoin will not be just your regular stable coin in the tradition of Tether, it's bringing something to the table that other countries consider dangerous, so they banned Libra Coin, I'm still open to what Libra Coin is bringing to the table but I'm 100% supportive of Bitcoin because it is a store of value.
Here's a detailed article on this topic by CNBC:
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
Excerpt from the articles
Quote
Further, unlike other stablecoins, Libra will not be pegged to one currency but instead a basket of assets ranging from bank deposits to short-term government securities.”
Libracoin will not be just your regular stable coin in the tradition of Tether, it's bringing something to the table that other countries consider dangerous, so they banned Libra Coin, I'm still open to what Libra Coin is bringing to the table but I'm 100% supportive of Bitcoin because it is a store of value.
Here's a detailed article on this topic by CNBC:
cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
Libra is stable coin and bitcoin is not and I guess you must also have read the reason that why Bitcoin is not. Bitcoin is decentralized and this is not the demerit or shortfall of bitcoin it was created to be decentralized. Libra on the other hand is governed by a single agency which means it's just another model of ripple which is popularized by Facebook. It's backed by securities and debt securities? I don't know what do they mean with this because a cryptocurrencies is mined and not created by keeping a backing debt security. I think libra is just a digital currency with the securities backing however it's far away to be called a cryptocurrency because this is absolutely not how cryptos behave. cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html
In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!
As far as I know no stable coin have ever come close to bitcoins price or even got close on top 100 of CMC.What will make libra coin strong is the team behind it.It is the ceo of facebook who funded this so news about it will get spread quickly for sure.But im not expecting something crazy from libra coin to be real.
I think that Libra is going to be a centralized currency that is going to be heavily controlled and moderated by Facebook, where bitcoin is decentralized and its network is controlled by the people using it, to me i think that Libra is just an attempt to make money off of the cryptocurrency trend that has been going on for a while, and they are hyping it up and selling false promises to get more investors, and it might just end up as a thing that no one uses, but never the less it might give enough boost to the crypto seance and the bitcoin if it was to prove to be somewhat of a success.
Libra is a stable cryptocurrency, supported by a number of currencies and securities sectors. Bitcoin is a crypto currency that is very volatile.
Additionally bitcoin is not owned or regulated by any central party and lives in a decentralized network.
Meanwhile, Libra is supported by currencies such as the US dollar and the euro.
Additionally bitcoin is not owned or regulated by any central party and lives in a decentralized network.
Meanwhile, Libra is supported by currencies such as the US dollar and the euro.
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