I really don't know why Libra is being compared to bitcoin. They are no way correlated or belongs from same league! Libra is a centralized digital money whose value is based on the underlying assets, it's looks more like a mutual fund to me than a currency!
Libra has no power here in the decentralized world! Bringing down bitcoin's dominance is out of question as they are targeting different segments of the society.
Topic: Will Libra Coin bring Down Bitcoin's dominance - page 9. (Read 2958 times)
I would like to play devil's advocate
From this article I read
Will Libra Coin bring Down Bitcoin's dominance in the market, your thought?
From this article I read
Quote
“Unlike the volatility seen around other cryptocurrency’s in the past, we believe that Libra’s focus on creating a stable, low inflation currency backed by a reserve or real assets is a differentiator. 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.”
https://www.cnbc.com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.htmlWill Libra Coin bring Down Bitcoin's dominance in the market, your thought?
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