you can take what already done by tether as an example because libra will be a stable coin and it will be used as a payment system only. Libra is not a big threat for bitcoin consider it was working in the different thing.
it can be a threat for the majority of the stablecoin when libra can be used to buy crypto like bitcoin.
Libra is main competitor for the existing stable coin like tether.
Topic: What threats does Libra pose on Bitcoin? - page 2. (Read 299 times)
I don't think BTC will be threatened with the emergence of Libra, as we used to predict that the BNB will replace BTC, or BNB will affect BTC. after all this time nothing happened, why didn't this happen? because BTC stands alone on the blockchain and does not depend on other coins, so BTC will remain strong in its position and not be disturbed by the emergence of various new coins.
How would a stablecoin pose a threat to Bitcoin? Bitcoin and Libra have two completely different use-cases.
It's a rather weird question and just shows how little most people actually know about Libra.
One quick look at the whitepaper would have told you this.
It's a rather weird question and just shows how little most people actually know about Libra.
One quick look at the whitepaper would have told you this.
I think Libra is not a threat for Bitcoin. this is a threat for the fiat money and for bitcoin, it is another friend who will help attract more attention it
Libra can only help crypto ecosystem with a massive adoption.
Libra will be a entrance gate, users will learn about it, use it and later switch to Bitcoin. Like Bitcoin users also bought altcoins.
Libra will be a entrance gate, users will learn about it, use it and later switch to Bitcoin. Like Bitcoin users also bought altcoins.
Agreed with this statement because Lybra has massive popularity in the crypto world it makes the economy of Altcoins more stable. however, the effect of Libra can be good if the investors commonly switch the Bitcoin to libra and Vice Versa when trading. this has nothing to do with Bitcoin rather it helps it gain more buyers too.
So there's nothing to worry about because this is just another hype bitcoin will not be affected with this kind of Coins. Let's see the outcome of this I bet Bitcoin will have a price increase when Libra finally comes.
Libra can only help crypto ecosystem with a massive adoption.
Libra will be a entrance gate, users will learn about it, use it and later switch to Bitcoin. Like Bitcoin users also bought altcoins.
Libra will be a entrance gate, users will learn about it, use it and later switch to Bitcoin. Like Bitcoin users also bought altcoins.
I doubt that would ever happen! Libra and other cryptos are structurally very different even though their usability is somewhat similar. So I don't think Libra would anyway help in bitcoin adoption.
But yes, it will make a lot of people aware of the existing of digital currencies and its usability which may help in raising awareness about cryptos. Nothing more will happen!!
Having said that, I also want to emphasize on the fact that Libra is already receiving a lot of regulatory hurdles. I don't know when they will be able to release it to the masses!
nothing at all.
if anything, Libra is so good for bitcoin. because after a while that this centralized shitcoin started abusing its users private data and closed a bunch of accounts and blocked their money, everyone will realize how bad centralized altcoins are. specially when they are created and controlled by a malicious company like Facebook that has no respect for its users.
if anything, Libra is so good for bitcoin. because after a while that this centralized shitcoin started abusing its users private data and closed a bunch of accounts and blocked their money, everyone will realize how bad centralized altcoins are. specially when they are created and controlled by a malicious company like Facebook that has no respect for its users.
Libra can only help crypto ecosystem with a massive adoption.
Libra will be a entrance gate, users will learn about it, use it and later switch to Bitcoin. Like Bitcoin users also bought altcoins.
Libra will be a entrance gate, users will learn about it, use it and later switch to Bitcoin. Like Bitcoin users also bought altcoins.
I'm interested with this kind of topic but just a disclaimer, this doesn't mean that I'm also interested with Libra coin. This coin poses a threat to the government and that's why as early as today, they are questioning its potential and use.
But Libra as a threat to bitcoin? I don't see the possibility that this coin is ever going to be a potential threat to bitcoin. How can be this centralized stable coin can be a treat to a decentralized coin and highlight of the market?
But Libra as a threat to bitcoin? I don't see the possibility that this coin is ever going to be a potential threat to bitcoin. How can be this centralized stable coin can be a treat to a decentralized coin and highlight of the market?
If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.
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