Bitcoin Forum

Ain't Bitcoin what started Blockchain Technology?

https://preview.redd.it/zzg38gk9f4531.png?width=960&crop=smart&auto=webp&s=d5a97d979aa4fbe07b270c17162e0e8094dbfcf4

I mean, I don't think they really have to, unless they just want to give credit. If anything, they might even disincentivize themselves if they mentioned an indirect competitor: Bitcoin, as it might skew the other no-coiner readers to research about Bitcoin(which they most definitely don't want).

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EDIT: So it is mentioned. Just on a different paper, as others have pointed out.

Correct. Bitcoin is not mentioned in the Libra Whitepaper ...

- https://libra.org/en-US/wp-content/uploads/sites/23/2019/06/LibraWhitePaper_en_US.pdf

However, it is mentioned in the Libra Blockchain paper ...

- https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

Pages. 4, 6, 10 and 14 as well as in the References ...

[23]
“Leaf-node weakness in Bitcoin merkle tree design,”
https://bitslog.com/2018/06/09/leaf-node-weakness-in-bitcoin-merkle-tree-design/ .
[24]
S. Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System,”
https://bitcoin.org/bitcoin.pdf, 2008.

...

Regina Spektor - "Us"
- https://youtu.be/fczPlmz-Vug

Its still mentioned here https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf just as BitcoinFX  said.

I'm sure they will consider BTC to be a rival after all they still can be considered an altcoin. Its becoming clear that Libra is more like of ETH, same platform idea. FAcebook however have all the advantage here.

- https://bitcointalk.org/index.php?topic=5155648.msg51513791#msg51513791


Don't Panic! It's also mentioned in the book of Revelation 13:17 .

:D :P

Libra isn't a Bitcoin rival because it's mimicking fiat but in stablecoin form. It's more a rival to PayPal & Co, which they know and for that reason pais $10 million to be a validator of the Libra network.

I think this could potentially be something that will also rival XRP. I don't see why banks and other institutions wouldn't pick Libra over what XRP does. It has way more exposure and potential in my opinion, so we'll see how it goes.

Ethereum just like Bitcoin doesn't have anything to worry about. Binance chain is the biggest threat to Ethereum and all other smart contract platforms, but they first need to overcome their US exit.

There are little connections between the two and even if it was in the same line with bitcoin it still doesn't have to mention anything about bitcoin in it white paper am very anxious to see how this facebook Libra coin does there has been major speculations about it and it has already gotten the needed publicity

In other words, if you use your Libra coin to support a political candidate or cause that runs counter to the vision of the social justice trolls in Silicon Valley, you may find your account frozen in the name of "community safety" guidelines. Or if you otherwise commit "wrongthink" on any of the Libra consortium's supported platforms.

Everyone knows what started the blockchain technology.
Personally, I find it normal if Bitcoin is not referred in a whitepaper. After all, this whitepaper is about Libra and not Bitcoin, if you see my point.

Don't care about it mate because new comers will find out Bitcoin when they will buy Libra coin.
Now BTCitcoin don't need any publicity or any advertisement , doesn't matter that bitcoin mentioned in any whitepaper or not!
Future libra coin holders will definitely attract to bitcoin.  ::)

Nobody trusts Mark Zuckerberg to create a currency that anyone can own and use without repercussions

https://techcrunch.com/2019/06/18/facebook-libra/




If you want to trust a bunch of bankers and regulators to create money we all can value and trade as money (without high fees, long term costs, privacy violations, lack of security and anonymity) then go do it!!


This is good for bitcoin. Shitcoins are still shitcoins regardless who creates them.

I also believe that stablecoin will not make users of the social network Facebook rich,but I am personally glad even the very fact that such large platforms are beginning to use cryptocurrency.Who has not seen look one of the first promo video of the social network Facebook about Libra:https://www.youtube.com/watch?v=4zw-jpVFKMY&feature=youtu.be (https://www.youtube.com/watch?v=4zw-jpVFKMY&feature=youtu.be)

Hahaha, just read this portion now, had told someone about this, they argued about it, Bitcoin will later be the single currency of the world. More adoption will come for bitcoin and many nations will adopt it.

Libra need not mention bitcoin in the whitepaper as bitcoin is also part of blockchain and not the blockchain itself. They are independent of each other I think

I don't see this coin as shitscoin. This project will be massively successful a d so everyone wants a bit of the pie.

Maybe Libra thinks Bitcoin should not mention in their Whitepaper. Maybe Libra is trying to limit the mention of "Bitcoin" for any reason. Perhaps they are worried or do not want to mention it as an unbeatable opponent. Any questions and comparisons of Libra with Bitcoin make them uncomfortable.

Why should we care if PayPal 2.0 mentions Bitcoin or not, they have nothing to do with crypto in the first place, it's a falsely-marketed product that tries to appeal to crypto-enthusiasts, and I'll be sad if they will succeed, because it will show that those crypto-enthusiasts don't understand even the basics of the stuff they are interested in. Cryptocurrency was created to remove intermediaries, and here we have a "crypto" with one of the worst intermediaries possible, they will control your money and will track how you spend it, maybe even more than the banks do.

mention or not, the presence of Libra will make the cryptocurrency get attention again
and i don't think they need to mention bitcoin in their whitepaper
because they already mentioned blockchain i think that's enough
for people who have just joined crypto they will definitely find out what the blockchain is
and of course the search results will show bitcoin is the first crypto that use blockchain

You're 100% right on that. It's a centralized coin that wants to profit from the popularity of decentralized cryptocurrencies. ICOs were doing the same thing but in a different way. They wanted to look like cryptos but really were scams. Cloud mining wanted to look like bitcoin mining but in large part was a scam.

Facebook coin wants it's crypto tag on a new product that's it. It won't mention bitcoin because it opposes the values of bitcoin.

I think Libra is not a rival of Paypal, because PayPal itself is incorporated in the Libra association. If I study deeper, this libra will really rival bitcoin with all its advantages, this coin will perfect bitcoin and other altcoins.

But I don't know whether Libra will be able to compete with bitcoin, I don't think so because I'm sure most bitcoiners will be more supportive of bitcoin which has high volatility.

Libra Coin is not connected to Bitcoin in any way. The only thing similar between Bitcoin and Libra is the fact that they are both secured by a blockchain and function as a store of value.

Instead, Libra is Facebook's own Blockchain backed asset which will work as a multipurpose crypto asset, similar to Ethereum, but used moreso on the Facebook social network platform.

My favorite thing about Libra thus far is this:

"Facebook is setting up a regulated subsidiary, called Calibra, that will provide access to the new currency and will separate financial data from other “social” data that Facebook uses on its platforms."

This means your Facebook data will be stored within a secure blockchain in the future which will help to avoid scammers, phishing attempts, stalking and other nuisances currently present on social media platforms and increase the amount of utility within messenger, groups, etc.

Read more: https://www.wsj.com/articles/libra-coin-what-you-need-to-know-about-facebooks-answer-to-bitcoin-11560864351 (https://www.wsj.com/articles/libra-coin-what-you-need-to-know-about-facebooks-answer-to-bitcoin-11560864351)

I have nothing against Libra or whatever name that Facebook would call its latest baby but I don't understand why there would be a little fuzz if bitcoin is or is not mentioned in its whitepaper or any official publication from the said project. Basically, it would not matter much whether it does make a reference to bitcoin or not.  Libra is backed by real value so this can mostly be a stablecoin...which in my estimate will not be competing that much with bitcoin except that Libra can be utilized as a currency not just within the Facebook-controlled ecosystem but also with remittance industry where XRP is staking a lot of weight. If Libra is not associating itself much with bitcoin and Satoshi Nakamoto, it can be because this is another brainchild of Mark Zuckerberg.

And how did the first blockchain come to life? What is the first blockchain which facebook is copying used for? They could have used the name but didn't want to to cout ties with decentralized crypto. It's even better and more healthy for bitcoin. I wouldn't want to be associated with centralized shitcoins too.


And why should we care? People who value their personal data don't use facebook. If you are using it your data is already sold or stolen. This blockchain facebook will only benefit newcomers.

Why it could be the scariest? It's just a normal stable coin for me, nothing to do with Tether.
You can't even make money on Libra if you are a normal trader or investor. What I see on Libra is just another innovation for cryptocurrency, thru Libra we can expect more people to look after some cryptocurrencies just like Bitcoin. Please stop FUD about Libra.

Bitcoin already gained its popularity. It was formed a decade ago and until now, many supporters are buying bitcoin. Libra is just a new coin. Maybe, it will hype in 2019 but bitcoin will stand in the end. As of now, we should go with the flow so that we can earn a lot not just in bitcoin but also in libra.

I want to speak negatively, but I want to draw your attention to the fact that today Bitcoin cannot be used fully, or at least as a means of payment.  Perhaps if this were not the case, then Bitcoin would have better prospects.  But Libra offers specific services that will be used even by those users of cryptocurrency who previously did not have bank accounts.

Well they could be competitor, but scariest? No, the thing with Libra is that is it being overhype right now, Tether killer, bitcoin rival, XRP's competitor and others.

What's scariest though is that if you are going to get Libra, then Facebook will have your data, identify. So they can follow and track everything you do with your Libra coin.

Yes.Because Libra hate bitcoin.Main reason for bring Libra is to attack bitcoin and kick the bitcoin out from the market.Finally they realize they can't remove crypto currencies from market.Then they bring the Libra.A coin fully controlled by US.Any debut in Libra transaction.They can block the account.Its fully centralized with regulation and  more more will come soon.Be careful.Bitcoin in great danger.They will add some force to attract people to Libra and they will.They will say don't stop use crypto but use in our way.

As long as Facebook Inc. can actually carry what they promised a lot of people, I think it's fine. Tether is somewhat acting fishy for the longest of time and cannot show their actual reserves which they boasted to have. Besides, before Libra can scare its competitors and peers, the Feds would still scare them on their launch with legal repercussions should they continue to launch their coin without agreeing to the terms of the government. Anyhow, I don't think it's the end for bitcoin nor tether. It's just another fish dropped into the market albeit somewhat more dominant over others.

Perhaps Facebook provides a draft for discussion to a society that may be of interest to many, although this is essentially the same idea as many others already on the cryptocurrency market.  How correctly the results of this project will depend not only on the latest news in society, but also on the real professionalism of the team.

Of course since libra need more attention that’s why they are spamming the whole world now,from my Facebook groups and even in telegram and now still in Bitcoin discussion this Alt is spamming so upon desperation they will use anything that can promote this alt so there’s nothing to be amaze as Libra is now gathering many sympathies

People doesn't really get tired on spreading FUD.I don't know where he do get that scariest thing yet it is just a typical stable coin.
If Libra didn't never ever mentioned Bitcoin into their Whitepaper then why people do really make it an issue? They aren't really correlated at all.

If they consider bitcoin to be a rival, its just natural they don’t mention it in their whitepaper and other promotional materials. That would be a nice try for them to compete with bitcoin, lets see up to what extent they will be able to match with bitcoin, anyway if Libra is carried by the largest social network in the whole world then why not.