Topic: the difference between Libra and Bitcoin (Read 361 times)
I have only one question, will Libra as same profitable of Bitcoin? No third user can't trace your transaction and can't control your money. Depends on this again Bitcoin will be the king in digital currency.
Libra is the coin of the man whereas Bitcoin is the coin of the people. And looking at the extent of control regulators want to have over Libra, that's the more reason why it hasn't been fruitful yet. Regulators hate independence, but Bitcoin is freedom to all.
You really did well to differentiate them. One of the most important difference between them is decentralization. Bitcoin is completely decentralized while Libra isn't; that is to say holders of Bitcoin or users who transact with Bitcoin can do so from anywhere in the world without any restrictions but same can't be said about Libra.
Also, Bitcoin has no partners while Libra is seeking many partners or investors who will in one way or the other decide the fate of the platform.
Also, Bitcoin has no partners while Libra is seeking many partners or investors who will in one way or the other decide the fate of the platform.
after I saw the video about a little difference from these two types of crypto.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
That is, if Libra will be launch before 2020. I seriously doubt if that is going to happen. Bitcoin is decentralised and it is completely anonymous why Libra will be centralized and it is like a stable coins. I prefer bitcoin to Libra because bitcoin is giving power to the society why Libra is enrich the rich! Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
Bitcoin = Decentralized
Anonymous
Libra= Heavily Centralized
Price stability
These are the main things that differs them and no doubt what the entire community still do preferred in.
Anonymous
Libra= Heavily Centralized
Price stability
These are the main things that differs them and no doubt what the entire community still do preferred in.
Libra is centralized
Bitcoin is decentralized
Libra is a utility token
Bitcoin is a store of value
Libra is a stable coin
Bitcoin is volatile and price depends on demand and supply.
Bitcoin is decentralized
Libra is a utility token
Bitcoin is a store of value
Libra is a stable coin
Bitcoin is volatile and price depends on demand and supply.
This is the best differences we have.
Plus Bitcoin could be used anonymously and is already a globally accepted currency while Libra would be traceble and isn't still sure to see the light. Bitcoin has public backing while Libra is backed by enterprises.
Libra is centralized
Bitcoin is decentralized
Libra is a utility token
Bitcoin is a store of value
Libra is a stable coin
Bitcoin is volatile and price depends on demand and supply.
Bitcoin is decentralized
Libra is a utility token
Bitcoin is a store of value
Libra is a stable coin
Bitcoin is volatile and price depends on demand and supply.
The main difference between Libra and Bitcoin is that Libra is Centralised while Bitcoin is Decentralised, you are in control of your money provided you have your private keys but Libra you are at the mercy of these institutions and we see what EOS has turned to
The video has it all wrong, the major differences between Bitcoin and Libra coin are, Libra doesn't protect your privacy, Bitcoin does. Libra is not a cryptocurrency, Bitcoin is, Bitcoin is scalable, Libra won't be scalable, lastly, Bitcoin is not regulated, but Libra coin will be regulated.
after I saw the video about a little difference from these two types of crypto.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
The main difference is this:Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
Libra is designed to have a stable value. That's why we call it Stablecoin.
Bitcoin is not.
Libra suits the need of people, companies and institutions who need a cryptocurrency with stable value.
Bitcoin suits those who don't need value stability.
It is a very good comparison, but the core difference is that BTC is a decentralised asset that is used for anonymous payments in internet without having a bank account, but Libra is just another centralised payment system.
that's why we can't compared both Libra and Bitcoin because the both are running in different segments and libra cannot be compared to bitcoin where bitcoin running by community and libra by company and person
It is a very good comparison, but the core difference is that BTC is a decentralised asset that is used for anonymous payments in internet without having a bank account, but Libra is just another centralised payment system.
after I saw the video about a little difference from these two types of crypto.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
why would you buy Libra, i see it just as a gateway to crypto, it is stablecoin, it is almost impossible to earn on Libra?
What I see as the major difference between LIBRA coin and Bitcoin is that LIBRA coin is centralized stable coin while Bitcoin is decentralized (forgetting about Bitcoin been the father of Cryptocurrency).
There is huge difference between the two. Libra is a stable coin. If you think you would make 100x with your investment in Libra, you should read about Libra again. It is pegged into a stable currency or a group of many trustable currencies. It is like exchanging a euro for a dollar. Bitcoin on the other hand has been the hot asset for speculation and you could expect great returns from your investment in the coin. Libra is just another Stablecoin, libra created for to be payment gateway like paypal, mastercard, that's why Facebook are partnership with big company for expand their marketshare and make Libra are accepted in the world even many issue about Libra regulation by goverment.
They have a investment from mastercard, PayPal and many companies. Does not work as a gateway because it will affect the business of these people.
Then there is no confirmation about this Libra coin is a stable coin but it is centralized as confirmed.
Libra is just another Stablecoin, libra created for to be payment gateway like paypal, mastercard, that's why Facebook are partnership with big company for expand their marketshare and make Libra are accepted in the world even many issue about Libra regulation by goverment.
Good analysis but I think the clear difference between LIBRA and BTC is that BTC is decentralized while LIBRA is centralized, also LIBRA is a stable coin while BTC is volatile. The volatility of BTC represents both advantages and disadvantages, since its a two way thing, will be favorable when BTC price soars up and vice versa. I see some people comparing Libra to BTC saying Libra will overtake BTC, that's the biggest joke of 21st century.
What I see as the major difference between LIBRA coin and Bitcoin is that LIBRA coin is centralized stable coin while Bitcoin is decentralized (forgetting about Bitcoin been the father of Cryptocurrency).
The difference is that Libra is backed by big companies today which are basically used by millions of us and those that hasn't knew bitcoin at all. Libra hasn't yet created but there were lots of rumors already of it being which and whatnot. There is no assurance yet for facebook and its partners where this libra is going but with BTC, its been proven time and time again that its price is going to space.
after I saw the video about a little difference from these two types of crypto.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
Digital dollar would be one the many dollar pegged altcoins, such as Tether. Libra is "backed" by a group of fiat coins, not just USD, so digital dollar it isn't. Maybe digital "something" resembling that group of coins if there was one (if you believe their promise, which i don't).
Whatsapp is garbage, who cares? Even Telegram has a higher chance with their coin, or Line in Japan; KakaoTalk in Korea, Wechat in China. Worldwide whatsapp is lagging behind many others. Wechat alone probably has the most users worldwide anyway, even if we never use it here.
So Facebook wants to become ebay? Good luck... I doubt it has anything to do with what it was intended for.
Consortium members?, the two or three guys willing to spend 12million to run a node?... I wonder how many will even bother. Few nodes, means weak, weak means it will go down often, and if the code is subpar (which probably is) even worse things may happen. I expect hacking and reversals, giant no-no.
Finally its an US company, subject to US laws, including the infamous NSA. That's assuming he can somehow overcome congress opposition to it.
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