the difference between Libra and Bitcoin - page 2.

mobnepal

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Quote from: muratsink on July 08, 2019, 12:41:36 AM

Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.

1. Digital gold
2. Why we need to have messaging service for bitcoin as its more for payment not for messaging, there are many services out there which integrate bitcoin payment through messaging services including SMS.
3. Better to say without intervention from third party, nobody will be sneaking into your wallet or can stop you from sending your bitcoins.

Quote from: muratsink on July 08, 2019, 12:41:36 AM

I will prepare capital to buy Libra in 2020.

If it will be developed by 2020 which is quite unlikely, its better to buy bitcoin now not save fiat to buy libra. Actually Libra is just another stable coin and why you want to give your fiat to facebook so that they can earn interest on that. Grin

Indamuck

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Libra is nothing like bitcoin, it will be pegged toe he dollar and will be centralized. IT will basically be a centralized version of tether to be used on Facebook's platform. No point in even calling it a crypto, it should be compared to paypal instead.

Slow death

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Quote from: muratsink on July 08, 2019, 12:41:36 AM

after I saw the video about a little difference from these two types of crypto.

small difference between the two? Are you sure you do not need glasses or are not you reading the advantages and disadvantages of the two?

from June 1 until today you made 8 posts mentioning that Libra are good. you are putting high expectations on something centralized and that has no use yet to make any evaluation

Quote from: muratsink on July 08, 2019, 12:41:36 AM

I will prepare capital to buy Libra in 2020.

Good luck

avikz

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Quote from: muratsink on July 08, 2019, 12:41:36 AM

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.

I am sorry but your differences are not able to catch the main essence of Libra or Bitcoin. Let me tell you what the main difference is,

Libra is a strictly centralized digital representation of money which is regulated by a mother company after complying with country specific laws.

On the other hand, Bitcoin is a decentralized digital currency which is not owned by any specific company or individual and the user gets complete control over his own money!

That's the main essence and that's where Libra doesn't hold any competition with Bitcoin!

proTECH77

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Quote from: aesma on July 09, 2019, 07:00:02 AM

Libra is not an investment, so investing in it is a way to lose money (due to inflation). Are you sure you want to do that ?

Nobody will do that because they all invest to make profits from it. Libra is far way different from Bitcoin because of their case uses, example Bitcoin is decentralized and Libra centralized, Bitcoin is not tag to any currency while Libra is tag with fiat $. Bitcoin cannot be determin by third party but Libra price and uses will be determine by third parties and investors.

aesma

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fly or die

Libra is not an investment, so investing in it is a way to lose money (due to inflation). Are you sure you want to do that ?

Genamant

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i really think that Libra coin is not a competition to Bitcoin
i think dollar should be more alarm about the Libra coin i saw a post regarding a letter to congress to facebook
citing libra coin might destabilize US economy.
However crypto people hopeful about this because facebook will introduce billions of people to cryptocurency
eventhough libra coin is a centralized coin far from the main characteristic of crypto , it is still a massive adoption.

davis196

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Quote from: pooya87 on July 08, 2019, 10:37:13 PM

most of the things you listed here don't even make sense. for example what does WhatsApp have to do with anything here! it is completely unrelated to either bitcoin or Libra.

the main difference as it is obvious and has been talked about hundreds of times, is the decentralization of bitcoin that doesn't exist at all in Libra. but another big difference is the goal of creation of each one. bitcoin was created to give users of the power and control while Libra is created to take that control away back to a company and also make that company rich in the process!

Well,Whatsapp might adopt Libra payments as well.They are Facebook's company after all.There is a Whatsapp business app that has more than 50 million installs on Android devices.There's potential for growth.
Anyway,the most important difference between Libra and bitcoin is the fact that Libra is backed by a single huge corporation,while bitcoin isn't.

libert19

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Also libra nodes cost in millions while Bitcoin mining doesn't cost that much (at least not millions).

Fundamentals Of

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There is really no point raising a capital to invest in Libra. As you have indicated in your post, Libra is a digital dollar. Meaning to say, it is going to be valued around that currency. In other words, Libra coin is a stablecoin. That means, if you buy a lot of it, you will have to use it for payment. Otherwise, its value remain the same and you will not profit anything from it.

pooya87

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most of the things you listed here don't even make sense. for example what does WhatsApp have to do with anything here! it is completely unrelated to either bitcoin or Libra.

the main difference as it is obvious and has been talked about hundreds of times, is the decentralization of bitcoin that doesn't exist at all in Libra. but another big difference is the goal of creation of each one. bitcoin was created to give users of the power and control while Libra is created to take that control away back to a company and also make that company rich in the process!

muratsink

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My residence is not a problem, even though my country prohibits crypto transactions, but at least I will make Libra an investment asset to save my economy from the global crisis.
Bitcoin has the trust of the whales, and Libra has an extraordinary consortium, and it will always make Bitcoin and Libra always survive and have high value. I think these two currencies will compete in the future. ETH and XRP will be defeated by Libra.

Kakmakr

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The main difference comes from Libra's centralized authority and Bitcoin being decentralized and also decision making being done by majority consensus and public participation. Wink

The consortium behind Libra will determine how you can spend and on what you can spend your Libra coin on, but with Bitcoin you can spend it on whatever you want, with no centralized authority having any power over your coins. Roll Eyes

Libra will also have to adhere to laws and regulations as stipulated by different countries, so depending on where you live, a decision will be made if you can use it or not. Tongue

muratsink

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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.

Topic: the difference between Libra and Bitcoin - page 2. (Read 361 times)