Bitcoin Forum

Libra is a simple global currency and financial infrastructure that empowers billions of people. Libra consists of three parts that will work together to create a more inclusive financial system:
1. It is built on a blockchain that is safe, measurable, and reliable.
2. This is supported by asset reserves designed to provide intrinsic value.
3. This is regulated by an independent Libra Association which is tasked with developing ecosystems.

Are you aware that when they are busy with this project and we are also busy promoting their projects through this post. yes oral indeed very quickly affects society.
then what makes you so sure about this project? but I personally don't think that this is IMMEDIATELY, while Bitcoin is very decentralized and Lybra is more focused on finance.
so I think this is just about developing the adoption of blockchain technology in the future and cannot be compared to the investment aspects of the value of bitcoin. because bitcoin has been around for a long time and will remain the cryptoqurrency market leader.

will you compare apples with oranges?

then you shouldn't compare Libra with bitcoin either. instead you should compare Libra with Paypal and Visa and all the similar payment processors because those are in the same category as this token.

How is it safe? First it doesn't exist yet. Second, for a blockchain to be safe it has to be decentralized (at least to a certain degree) and have a huge hash power plugged into it preferably from different entities that don't collude together. If Facebook is going to provide the hashpower for that blockchain, what happens if/when one day they decide to pull the plug? We have seen companies as big as Facebook rise and fall, so it may happen.

Just a reminder, Bitcoin (and its blockchain) is not dependent on any single company and that's what makes it safe and valuable. Moreover, it has been around for 10 years and has already proven its reliability.

It is really silly comparing a future centralized questionable coin with bitcoin.

Or you can compare with different stablecoins, as their value is tied to fiat assets and securities. Libra will have the same low volatility.

It would be a big mistake to compare Bitcoin with a crypto currency released by Facebook. Note that Bitcoin is decentralized. Facebook is completely centralized!

it's really too early to compare the lybra to bitcoin, not to mention very low price bitcoin now you can compare it because bitcoin is still the king of cryptocurrency and more investors are still there.

This is exactly what Mark wants the general public to think. He wants them to think that he has created a more safer bitcoin when actually what he just did isn't any difference from PayPal maybe they should have called the Libra project PayPal 2.0 that way the message would had been clearer. The two projects (Libra and bitcoin) has different market target and shouldn't be compared with each other instead Libra is a threat to other stablecoins as those interested in privacy and decentralized will still choose bitcoin over Libra.

Why compare Libra with Bitcoin? Libra is for different function and purpose, Libra is not created yet so there is really none to compare yet. Bitcoin have proven many things already and have many achievements. You may compare Libra with Bitcoin soon but they are different,

Cheers! Libra is made of cooperation's who are currently controlling the electronic payment systems + others with already large social impact.
Most notable are VISA and PayPal who are protecting their positions with this project. Libra seems to use block-chain only to drive attention, tit will be backed by fiat and will be stable currency. In addition as far as I understand there will be no decentralization what so ever.

Guys, stop spreading the fomo about Libra before researching what it actually is.

we can't comparing bitcoin with libra coin, because as i know this libra coin is a stable coin
a huge hype coming to libra because the name of facebook and Mark Zuckerberg, because 30% people in this world is a facebook users
but, i'm very sure, the positive thing will coming to crypto world because of this libra,, and bitcoin will grow more when this coin really born
regards

Libra is the newest weapon in the arsenal of the infamous data vampires called Facebook.

They will take every last drop of personal information they can get from you, and they will bleed it dry. "Your" data will become their data free of charge. They will construct a digital model of you to sell on to advertisers. They will curate your newsfeed based on the model of your personality, in order to subvert your free-will and direct you towards FB's desired behaviours.

Other than that, great coin.

libra is not born yet, and thats why its hard to comparing between libra and bitcoin my friend
but, i bet bitcoin will always become the TOP cryptocurrency and will not replace it by others crypto in this world  ;)

Both very very early to compare them and also not even needed. I mean if you want to compare them both on strength and how successful they will be then it is very early since libra is not even out yet but only the idea and the project is out, its like comparing it to 2008 bitcoin and even that is not properly compared since bitcoin was the first one to exist in cryptocurrency and created this whole market whereas libra is coming to an already decade old crypto world.

On the other hand you do not even have to compared them both because bitcoin is bitcoin and it has a cryptocurrency support behind it whereas libra is facebook coin which makes it centralized at the very least and there is probably a lot more differences as well, that is why I honestly think that there is no comparison between them.

It is just another online payments system and nothing more. Why compare such a coin with bitcoin? This is just stupid.

Not too early because you might better to compare Libra to USDT instead of Bitcoin because bitcoin is not a stable coin and Libra is not a decentralized coin either.
I'm kind of amused to people who compare Libra to Bitcoin while these are completely different things and NO Libra will not make bitcoin vanish from this world.

And there's nothing to worry about that consider about libra is much more focussed to be an alternative payment system.
But not so many countries are liking libra too. It will come next years.
Libra becomes an alternative way for someone to pay used the stable coin that eliminated volatility through backed it with fiat and trust. libra wis comparable with tether and any stable coin

It's too early to make a comparative opinion between Libra and Bitcoin. Both have far differences.
Although the same type of cryptocurrency. Libra is becoming popular because of the big names Facebook and Mark.

If I try to make a comparison between BTC and what Facebook say they are offering, then I can't really see many similarities. They both use blockchain, but really that's about it. I think there is zero chance of Facebook's coin replacing bitcoin.

Although libra coin has a good.capability and features, doean't mean it is comparable to bitcoin or it can replace bitcoin, and it is early to say that it can surpass or whatever they say because bitcoin now is showing more productivity, besides it is the very huge price in the market that no other altcoins can be, and will always be the king of crypto.

I agree, it is not balanced compared to Libra coin with bitcoin. Bitcoin is decentralized cryptocurrency that is supported by miners and also communities without fundraising or ICO. While Libra Coin is supported by large companies and collects funds from investors. I'm sure in the end bitcoin is the winner

Well, bitcoin is a well-established coin, so you can't compare it with Libra. The facebook coin is not yet in the market so we can't say how it would do in future.

Yes it is too early to compare Libra with Bitcoin. Both of the coins are different in nature. Libra is a digital currency designed by Facebook in order to facilitate its users transact through Facebook and its other entities. It will be highly regulated so as to stop its speculation. Likewise, it will obviously give attention to fluctuation of the coin unlike bitcoin and altcoins.

It's actually Libra not Lybra, you can correct the title, otherwise it's a different coin.

For me, it's not too early since we already have an idea on how Libra will work, AFAIK, they release their white paper only, so that's our basis in comparing.

I think this early hype on LIBRA has to stop!. How would compare LIBRA that came yesterday with BITCOIN that is considered as the king of Cryptocurrency?, it's very wrong.

hi, guys!
i was really surprised with the news that facebook's gonna provide all people kinda general-purpose stable coin.
in my ind its really cool idea that will completely change world of cryptocurrency.
also recently i've read read related article. u can check it. https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html

Without any doubt it is too early to compare those two, because I have strong doubts that lybra is going to be popular among crypto industry participants. You should better compare lybra and XRP, they have much more in common.

I guess there is no comparison to make to begin with, what would you like to compare if they were here for a decade all together? One is a currency that is everyone's and decentralized and has no one controlling it and by far superior in technology.

On the other hand there is a currency facebook created that is pegged to dollar which is centralized and can be controlled by the government and the coin would be only used for buying something on facebook or instagram and maybe send money to others from whatsapp at best case. That is why it is not really possible to compare the two coins together just yet, maybe in the future when things change or maybe you can compare them in the marketcap prices but looking at the technical details of it you won't be able to compare them together even in the future.

hey , everyone. recently i have found an interesting thread regarding this discussion. You can check it following the  link. (https://bitcointalk.org/index.php?topic=5155721.msg51512527#msg51512527)

Not really. You can already read a lot of materials about Libra today. You can watch videos about how it is being assessed by crypto personalities. In fact you can already go over their whitepaper which is available over the internet. There are also several threads here which you can monitor about how Libra fares to crypto supporters. Even if Libra is still a plan, it is already well-defined.

From my point of view, we cannot compare libra to bitcoin,
Know more about libra, and it's function,

https://www.google.com/amp/s/www.theverge.com/platform/amp/2019/6/26/18716326/facebook-libra-cryptocurrency-blockchain-irs-starbucks

I think Libra is just a coin with financial attributes. It can't be compared with BTC. BTC is targeting gold. Libra was only proposed by Facebook, and it has some influence. But I think BTC's market position cannot be shaken.

BTC is definitely not to be shaken by a stablecoin that is basically a digital dollar in disguise, I know stablecoin helps a lot of people for its stability but it is still stable coin at the end of the day and if to be compared with bitcoin it is like comparing an apple with a mango, both of them are an entirely different thing and not to be compared except for certain specific comparison.

I do not understand why so people are so eager to compare any coin with bitcoin, there can never be another king in this game, in the business of Cryptocurrency, Bitcoin will continue to lead and if for any reason it ceases to exist, that automatically means there will not be crypto anymore. Libra is on its world, may be competing with social tokens like reddit and Steemit but not the king of crypto. Meanwhile the project is not exciting even if it gets approved as it will likely be hijacked by the high and mighty and a lot of persons may lose investing in it

I hear Libra is stablecoin, if it's true. comparing with bitcoin is very irrelevant. if you want to compare better with coins that have the same function as tether or other.

You cannot compare the oldest crypto currency with another centralised payment system and it does not matter if it comes from Facebook or Apple. It won't bring any benefits to the industry, because Libra does not have a core advantage of crypto currencies - decentralisation.

Even Facebook will need more than $ 1 billion to promote its coin, and it will take at least 2-3 years. I think this is a very difficult project.

Hmm I think maybe yes it is.. too early to tell which one is good and better on cryptocurrency between libra and bitcoin while for now we just can assume how libra works later on cryptocurrency , see what company backed Libra , also I think Libra has released their whitepaper right ? Little bit remember about it by read article from crypto-press magazine (maybe Coindesk or something.. I forgot)
And also , last update I got about Libra is Their had some "meeting" with Binance.. didn't know what "meeting" for

99% people  here uneducated in simple things in life not talking about complex things which they far away from understanding this....but in order to answer you this so you will know what wait us in the future without predicting and be sure we need to dive deep from where bitcoin come...

LETS GO..
bitcoin come from peer to peer file sharing with twist called blockchain.
now why peer to peer file sharing(decentralized tech) was burn because before this there was centrelized tech which mean there was few main servers that hold all the info like movies,mp3,software and computers around the world was downloading from this main servers without be depending on each other, what happen is the governmnets pretty fast locate this servers and shut down them.

then people became more smart

and build decentralized=peer to peer file sharing which mean our private computers are the servers, for example computer A download from computer B and computer B upload something to computer Z and so on...

BitTorrent is a peer-to-peer protocol, which means that the computers in a BitTorrent “swarm” (a group of computers downloading and uploading the same torrent) transfer data between each other without the need for a central server.

now the governmnet need to shut down more then 500 million private computers and its impossible ,,its called decentralized tech.

now bitcoin is peer to peer money and not file sharing compare to libra project which is centerlized tech and decentralized tech always win...

libra is not threat and will be huge failure for sure its stable coin.

stable coin its not investment its exchange nothing more because the price dont grow its like to exchange usd to euro nothing more but even more
libra stable coins its not real crypto stable coin its centralized and control by facebook ...real crypto its mean its peer to peer money and no central control exist and no body can lock your account or other shit

so fucking simple...

decentralized tech mixed with distributed tech will eat the entire system like peer to peer file sharing it cannot go the other way,

It's not that it's too early to compare the two but the two cryptocurrencies are not just comparable enough. Both have different ways in improving themselves. For example libra coin is a stable coin and bitcoin is a coin that has a big fluctuations. I think you can compare Libra coin to the coins that are similar to it. And compare bitcoin to other altcoins like Ethereum.

Libra has not yet been launched and it cannot be said that it is still too early to be compared to bitcoin, and it would be more appropriate to say it is too early to be compared to bitcoin if Libra coins are already on the market, and even though Libra coins have been launched still need a process to compare with bitcoin and I think bitcoin remains the king of cryptocurrency and no one will replace and compare it.

Absolutely incomparable things, Bitcoin is always in our hearts, and Libra is just another stable coin.

libra and bitcoin is different.. you cannot compare them as they have different use case .. libra is known just because of the famous mark zuckerberg and facebook.. while bitcoin was release 10 yrs ago and the number 1 crypto /digital asset in the market..you cannot compare a newbie to a legend  ;D

Its definitely too early to compare Libra with bitcoin. Bitcoin is already existing while Libra is just starting and no one knows what the project will deliver. I think we should wait for the full launch of Libra coin and then we can start comparing it with all sort existing Cryptos.

It is not about being too early to make comparison between Libra and Bitcoin, but the main point is that both of them should not be compared to each. You say they are built on blockchain so Libra is as safe as Bitcoin, reality is that Blockchain is transparent and so is Bitcoin, but Libra won't be, because it will be a closed source project.

yes it's still early, especially the Lybra is still young and hasn't even been launched. But my prediction of Lybra coins will affect the crypto market. but can't compare with bitcoin, bitcoin is still the top and can't compare with any altcoin including Lybra

Yeah! No matter how huge Libra is and how powerful the team behind it are, it will still be another altcoin, Bitcoin will surely remain the king of cryptocurrency!

Properly explained. There's no point of comparing a centralized shit with bitcoin which is totally decentralized and no one have control over it. In fact, bitcoin has gained the popularity because of its decentralized nature. I don't think people will be mostly interested in a centralised shit.

When Libra appears, we will start comparing it with something, even Bitcoin. I do not see any sense to make these comparisons now. Moreover, it may happen that Facebook will say they decided to refuse the idea of launching Libra.

why people comparing libra with bitcoin? don't you know bitcoin yet? libra is just a start up and new project.. We don't know yet what it can do.. and also some blockchain enthusiast says that Libra is the most expensive failure

I wouldn't go as far as saying that Libra will be a huge failure. Being backed by such a huge social media giant, and with the libra association being founded by dozens of industry giants, I really can't see how you could say Libra will fail, while complete trash like Tether (USDT) somehow thrives?

Sure, Libra is not as decentralized as Bitcoin, but it will not fail. I am almost certain it will be in the top 5 by market capitalization, and should eventually knock XRP out of its number 4 spot. Not sure how much further it can go though.

It will be a huge on-ramp to crypto, and many will spillover into ETH and BTC.

On the contrary, we can say that it is already very successful for Libra. The US congress, the vice-president of the EU Central Bank and Trump, has already announced that the Libra could be dangerous.

If you asked me, it's too early to compare Libra coin to Bitcoin, Bitcoin has weathered when it comes to threats to it's being the most adopted, popular and profitable coin in the market, we'll have to see how it will have a direct impact on Bitcoin and another altcoin before we can judge if Libra coin is a threat or not.

Libra can also never appear in the market. It will depend on the governments as they want to be able to control it. And Facebook can't do anything without them.

Why is Libra being dangerous a good thing? Haven't you seen the regulatory uncertainty surrounding Libra?

Some governments have already discussed the issues such a cryptocurrency could raise, they could lay down some harsh regulations on Facebook's new coin.

Is it Lybra or Libra?

The American government is worried that the USD will be devalued if they allow Libra fly. It will leave too much power in the hands of one man, Zuckerberg. Libra will not see the light of day, not to talk of even getting anywhere near Bitcoin. If Mark Zuckerberg was from another country outside USA restrictions then maybe Libra may work

what ever you call that and it doesn't matter a lot. Not only with libra but US has already declared if that country is feeling worried with the progress of the crypto too. The bankers are the main party who didn't like about that.

Crypto community is not so excited for the Libra launch, because first of all, they need to be approved by governments and first talk with USA are not going well. Secondly the only common things with crypto currencies is the blockchain technology, nothing more.

no one can predict the future of crypto, especially if it is about libra and bitcoin, everything can happen, and it is not impossible libra can be better than bitcoin, and replace the position of bitcoin, or even coin libra is not as good as what most people expectations

Libra will never be better than Bitcoin. These are two different objects which can not be compared. Libra can not even be called cryptocurrency

This is the way I think about it, rough analogy...
Libra = Paypal 2.0
BTC = Gold

I think Libra will be fantastically liberating and empowering for billions of people, who can use it to make micro payments for their daily needs.

I think BTC will eventually be the worldwide reserve currency, that people turn to for keeping their capital safe. Note right now of course it is way too volatile for that, but I think that is the direction it will end up and I'm making my bets on it.

It is definitely too early to compare Bitcoin and Libra, infact we are not even yet certain if Libra would ever become a reality considering the legal challenges it is facing right now, but time would tell.

At the moment libra and bitcoin are incomparable, libra is still not launched and bitcoin has been waxing stronger more than 10 years now. Bitcoin is a dex and libra isn't not.

While libra could be better than paypal it's also controlled by facebook which is like a branch of the CIA. Also FB was involved in some pretty serious data leaks and hacks. I don't know if I'd feel safer on FB than PP. They both suck at privacy.

You can make micro payments with many different decentralized coins. The problem is not with the coin but with acceptance. If people accepted LN transactions you'd be able to make micro payments with your good old decentralized cryptocurrency.

Bitcoin and Libra can't be compared with each other because they are two different payment systems. Comparing Bitcoin to Libra is like comparing Bitcoin to AliPay.