Bitcoin Forum

Here's a detailed article on this topic by CNBC:

cnbc .com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html

In my view, the biggest difference between Facebook's Libra and the Bitcoin is that while Libra is a Stablecoin, Bitcoin is not!

very interesting, everyone comments and talks about libra.
even on social media almost all of my friends discussed libra. in fact Libra gets an obstacle from the US Government, and I think it is clear Libra will not be the same as Bitcoin.
but we are worth waiting for if the libra really will be a stable coin.

Libra will be game changer for facebook. It will mostly end facebook since facebook is famous for illegal activities.

Bitcoin's decentralized, Libra's centralized. That's the main difference.

I see that Libra adoption will be higher than BTC.  with a coin stable system, Libra will have many users.  Retail also will be more comfortable making Libra coin transactions.  but in the long term, BTC can become an asset and compete with legendary assets such as gold.  and Libra coin is not good for being a long-term asset.

This would actually be a hilarious result if it ends up being true to reality. The amount of illegal stuff that happens in private facebook groups is apparently quite high and it's relatively prolific to my knowledge, of course that may just be the media overhyping what is actually going on in these private groups. If this Libracoin starts getting used by these same groups, that could very rapidly get facebook in trouble. Now all we have yet to see is how Libracoin is actually valued and how well it's backing securities do. Sounds like USDT round two if I'm being honest, and I can already see the fees to buy Libra ranging in the 2-5% as a "service charge" for facebook and co. I don't think it'll get very far, although the variety of backing securities may give us valuable experience when determining how effective a multi-backed currency can be in the future.

Maybe I'll farm some Libra just to get the extra dosh for my portfolio lol.

That's it for you?
Stable coin and not?!!!!

I dont think it is enough to be compared to bitcoin.
Libra is Mark's coin. He could take it anytime he want.
Bitcoin is not. No one controls the bitcoin technology. Manipulating its price will take you to a risk that you could lose a lot of money.

There is too much difference that it is bad to compare it with that shitty project of Suckerberg.  ;D

Yeah, a stable coin which would let them share all your purchase as well as Libra's use details to some of the so-called reputed companies for a handsome amount of Fiat (here: USD). Aren't you aware of the fact that Facebook is allegedly involved in smuggling people's data already to such companies even after being sued by many users under the law?


This is true, but people here suck on accepting it and adopt BTC ahead of anything else. Do we really need a stable coin?

Oh well, here's my own theory I wanna share and ask something to you.
A stable coin means an almost same state of a currency with a fixed value where 1 Libra will be equal to 1 USD only as it is Fiat pegged. But BTC is not like that as it is a speculative asset.

So, first of all, why the fuck are you people even comparing these two?

Second, what's the difference in coming up with a stable coin when you can already have an app with all payment methods available and money (in your local currency just like a National cryptocurrency) goes from one place to another without any extra charges? The only difference it will make, will (may) be that this crypto will allow you to transact at a borderless level, but who knows if it'll consist of any charges whatsoever in the future or not.

It is said to be decentralized. If you are reading the post of Mark Zuckerberg, you would already know that. I don't even know what is happening with Mark's brain right now but I think this will fail.

It seems the buzz behind Libra is getting everywhere.  From the look of things, it seems many people feel the relevancy of bitcoin  and the other popular cryptocurrencies would be affected. I think all stakeholders in cryptocurrency should just be excited about a new coin to hit the market.

Not only for Mark, but also for some other founding members. Mark Zuckerberg or Facebook can't fully control the Libra since there are still some founding member of Libra which is targeted by the Facebook that it could reach more than 100 founding members.

And also did you know that Libra is open-source (https://github.com/libra)?
Which the Libra project is open for public. I want to see more upcoming updates on Libra, and also there could be more founding members will be added? Especially how big those companies are coming for Libra.

https://techcrunch.com/wp-content/uploads/2019/06/Libra-Association-Founding-Partners.png (https://techcrunch.com/2019/06/18/facebook-libra/)
And counting.....

There is a big media buzz (both mainstream and crypto-focused) on Libracoin and this is exactly what the team behind the project all wanted. Hopefully, they are hoping the popularity can be converted into adoption soon when the doors of Libra will finally open for public viewing and ownership. This alone is the big difference since bitcoin started like a seed of an acorn and there was no media blitz when it debuted to the world...in fact I would say that there were more pessimism on bitcoin than what Libra is getting now.

Of course, we know that many are accusing Libracoin to be centralized or basically that it is going to be controlled by Mark and his minions but how the final structure and the product will play that remains to be seen. Bitcoin will remains to be the king of the world of cryptocurrency and maybe perhaps he needs a queen with different traits and characters and that can be played by Libracoin.

I can see that Libracoin can be stablecoin as it is going to be backed by real and valuable assets unlike bitcoin which is truly what cryptocurrency is symbolizing. Well, the marketplace has big rooms for newcomers and with Libracoin having the backing of many and famous names in different industries I don't see why it can fail.

lol, that is not even important :D
the biggest difference is its centralization which means you have to sign up with Facebook in order to be able to use this coin and also since they are controlling the network (mining and nodes and supply and....) they control your money like a bank does. so they can decide to "close your account" if they see fit, like for example if they suspect your activities.

Libra is creating a buzz yesterday on social media and mainstream media, obviously many are excited on what Libra can offer to the crypto currency. As i read some articles and opinions from experts that Libra is just a stable coin which is not gonna give much price on it and not worth for longer hold.  One more thing that bitcoin is decentralized, while Libra is centralized which means it can be controlled by someone or entities like facebook or mark perhaps.

Bitcoin is far more decentralised than Libra is and ever will be. Libra is controlled by a group of organisations, which makes them not trustable. The only good thing that i see's with Libra launch is that more people would come to know about digital currencies now and will help in the long term adoption.

Because of it, I believe Libra might not be released because of regulatory push-back from politicians who will see it as a threat to the current financial system that they serve.

In Bitcoin. The honey-badger don't care!

Libra will have a lot of support from Facebook, which is prevalent in almost all the world, but I basically support Bitcoin. If it were 3 more years ago, then I’m almost sure that libra would have won this competition. But now, when Bitcoin already knows the whole world, it seems to me that Bitcoin will win in the upcoming fight. I do not like Facebook, its policy towards users and their cooperation with the US special services.

This is going to turn into a massive on ramp for Norminton/NPC to get into crypto and BTC.

It really makes Normintgton/NPC go huh but why BTC died right?

The FB consortium will have their peg broken by by traders and bank actors.

However it's another nail in the coffin for GOV and Banks.

Libra used crypto currency and Blockchain that does nt mean there is a comparison between bitcoin and libra if we compare bitcoin and libra Libra is gaining the name in the light of bitcoin in reality libra is just a centralised coin

Libra is indeed centralized whereas Bitcoin is decentralized. This is a big difference, of course. But for folks who are into Bitcoin (and other cryptocurrencies) for making money off the massive price increases, this is not that important. Most of them will care about only the price appreciation and Libra cannot offer that. There are so many ither differences as mentioned in the CNBC article.

For me, both differences are important, but I will not like to HODL Libra!!! Lol.

The popularity of facebook is bring this Libra coin into spotlight, getting much attention. But, that popularity might not help Libra to be as great as bitcoin. One of the reason is that Libra is being controlled by facebook and its partner investors. While bitcoin is purely decentralized.

Maybe at this moment it's busy crowded talking about Libra coins, but if I may assume that Libra coins are much different. it's just that the similarities in Lbira coins, which have blockchain technology that makes there are similarities in Libra coins, if most people think libra coins appear to rival bitcoin in the future. I think that is impossible, if it is assumed there is a possibility to push the price of bitcoin on the global market, in order to attract many users in all countries, which I know that Facebook Instragram and Whatsapp, are very many users even almost the whole world knows, then they made a breakthrough to make one Libra coin, to increase the growth of the worldwide cryptocurrency ...

I saw the coments of other some may think that bitcoin is decentralized where as the libra  is centralized.. is it so?? I think they are right.

I think there are not too much difference bitcoin and facebook Libra.. yeah i have come to know that facebook introduce  your currency which is libra.. well this is a good step..

Really? How long have you known Bitcoin?


only time will tell, so far I see only a few people creating a lot of noise about pound, this was already expected as some people always get carried away by feelings (high expectations)

---

the high volatility that bitcoin has, is something that will continue to attract many people

May be you are right.. may be this is right.. well bitcoin is decentralized i admit...

Don't believe the liars. Use your brain.

Decentralized means fully independent miners with decision making by majority vote.

If Libra really appear as decentralized currency, I think it has a chance for defeating bitcoin someday because as we all know how much "power" that facebook own to do anything.
We can also see more competitive rates in the market which mean UPTREND for most crypto !

It is obviously centralized, There's no way a company like Facebook would make a coin like Libra and set it loose without gaining the profit from.
Even it's obvious when big company such as Paypal and many others are starting to invest into Libra.

Very welcome to Libra into crypto world. Though it has some problems initially by USA government but i think for time being it will be more effective coin to all. I think its an another turning point of Facebook and CEO.

Let's get a few things clear.  Decentralized in the sense that it will be handled by 100 different nodes spread around the world.  BUT and it's a big BUT... It's running on a "Permissioned Closed Block Chain"... the same as the JPM coin.  There is nothing decentralized about it in my humble opinion.  It's less decentralized the Ripple and I don't even consider XRP a proper decentralized coin.  Anyway, that's my two cents worth.  It's possible the coin will do well among the masses.  Probably because they won't know the difference nor will they care.  All they will care about is convenience until it bites them.

This one.

What's even funny is that they will try to become decentralized in the future. Why would they even plan to become centralized when their goal is to become decentralized  ???

The difference between the coins of Libra and Bitcoin is that between them there is actually nothing in common. Libra is a stable coin, however it differs in many respects from stable coins, in connection with which many claim that it is actually not based on the blockchain, which means it cannot be considered as cryptocurrency at all.

The first thing that comes out of this guys mouth... clearly he did not read the first sentence of the bitcoin white paper either. Although he is right typically most people have not read it and think it is a asset. Not a e-cash as stated.

Libra won't even make it to 2nd place, be thankful if it ever enters the top 10 altcoins, which i doubt.

Everything in Libra is wrong, its failure is guaranteed by its flawed design.

Centralization, plutocracy, us law jurisdiction, a company that can't even keep their core services running, transaction reversal, inflationary... this is garbage.

Hmm I don't know if we can compare..

certainly decentralized and centralized, but in general you can see the topic I made in this forum about the difference between Libra and Bitcoin.  https://bitcointalk.org/index.php?topic=5162865.msg51747726#msg51747726
and more interestingly, if the Libra project is successful then Mark wealth will increase by 19 billion dollars.  and that is amazing.

Yeah, what the stable coin like libra as centralisation and bitcoin have desentralisation, that are big different, when some one can handle price on market and can do anything price and make it stable on exchange like stock

You've summarized it all. Libra is a stable coin which means a rise and fall in its worth is highly negligible as against a coin like bitcoin whose value is determined by the community

you are wrong. Libra can easily do that. in fact it can even take the number 1 place instead of bitcoin and it is simply because this ranking that people are using is WRONG since it is based on market capitalization.

an easy way to do it is to simply produce a huge supply that is bigger than market cap of bitcoin (billions) and since they control everything and their price is fixed at =1 dollar their market cap can be easily set in any way they like without ever changing.

this is exactly why for years i have been saying we shouldn't rank cryptocurrencies based on their market cap and this is exactly why top coins contain shitcoins such as BCH, BSV, XRP, ETH, DASH, XLM

libra is phenomenal nowadays.
almost every time a discussion or in this forum or other social media.
I think Libra will never be able to be like Bitcoin let alone become the king of Crypto. maybe libra can be a stable coin, however, bitcoin will affect everything from its decline or growth.

facebook is centralized and stable coin which not investment and very unhealthy from economic view as stable coins over time lose value and they stable while the price in supermarkets, houses,cars and other shit slowly go up in price.


facebook coin will be failure like the idea of poke which die very fast

I think Libra is like PayPal, but uses the blockchain as an infrastructure in it. That's good, because the more people use blockchain, then indirectly promoting bitcoin.

Some professionals claim that the libra can be a real competitor to Bitcoin.  The fact is that this project can integrate in itself a very large number of payment systems that were previously used as a branch of banking systems.  And now everything will happen with the help of blockchain.

The difference between Bitcoin and Libra, the following explanation:

How to use

Bogart explained that Libra is a means of transportation where users can send money and make transactions from home. While Bitcoin strives to be a platform to facilitate transactions, and is considered more as an investment. Michael Moro from Genesis Capital, still refers to bitcoin as digital gold. Adoption Process

Libra opens the digital currency industry with many strong players behind it, including Mastercard, Uber, Booking Holdings, Visa, the Cannacord Genuity which will help Libra achieve mass adoption.

"There is a good [opportunity] to get a lot of adoption, while bitcoin is a grassroots experiment that is still under development," said Michael Graham, analyst at Canaccord Genuity.

Libra low-cost transactions must encourage customers to use tokens to send money, analysts say. Bitcoin, on the other hand, becomes more expensive and faster in making transactions.
Characteristics

The volatile nature of bitcoin invites buyers to trade crypto currencies. Because bitcoin is not owned or regulated by any central party and lives on a decentralized network, bitcoin is vulnerable to price changes.

Meanwhile, Libra is supported by currencies such as the US dollar and euro.

"Libra is a stable coin, supported by a basket of currencies and bonds. Bitcoin is a hypervolatile crypto currency, "said Tom Lee of Fundstrat Global Advisors.

Indirectly it will promote blockchain usage but I doubt if it would promote bitcoin usage. Most of the pro-facebook users are dumbfucks who dont understand a thing about how this world works and how multinational companies are trying to take over all their data. They dont give a shit about privacy or being rebellious about all this big data thing and they consider bitcoin as a ponzi again because of their lack of knowledge.

I have doubts whether Libra will actually make anything bullish in the crypto market or just try to draw the crowd from bitcoin to libra like all other shitcoins have tried to do.

lets ee what happens with the facebook coin .
After he crashed on the real Exchange i guess the coin is also a big fail.
I hope no one invest in this faceshit.


regards

I cannot even understand why people are comparing this two when they are not even on the same level, they do not even stand for the same values.

One thing was open source project while other one will be Frankenstein made with corporate money that serves only one goal to jeopardize even more freedom while at the same time steeling your privacy to sell you even more stuff that you could buy with their currency.

What is even more disgusting is the fact that people will eventually accept something like that because it's convenient and effortless. Just take a look on how much online tabloids people are commenting daily events with their Facebook account.

I am looking forward to how Libra will be used later. What are the utilities that Facebook makes for their coins and how the ecosystem they create. Possibly, they will create an additional platform to support Libra coin utility.

Libra tends to be used for everyday transactions that are commercial, such as sending money, buying houses, and other things online.

While Bitcoin as an investment and storage warehouse value because of its fluctuating nature.

Bitcoin and Libra are both crypto-currencies, but in theory and practice are a lot different from each other. Libra has attempted to cement its place as a medium of exchange in the crypto market. Whereas, Bitcoin has been widely used and regarded as an investment and valued stored.
Bitcoin works mainly without intermediaries and Libra is trying to manage finances with a system. Bitcoin is truly decentralized. Whereas, Libra is only partially a crypto-currency since it is not decentralized.

The main difference is Bitcoin's decentralized, Libra's centralized

Bitcoin is decentralized, and it is anti-censorship.

It also has more volatility, because it is not backed by fiat currencies.

Apart from the decentralized and centralized, use of blockchain or not debate, i think the major difference will have to do with how your privacy is been handled. Libra just like Facebook will steal your privacy, sell them for profit or to profile you meanwhile bitcoin gives you anonymousity to some extent over yoyr privacy especial when you don't make use of 3rd party service providers that requires your carryout a KYC procedures like the centralized exchanges or wallet providers and even when you do, the use of mixers can be very effective.

Although both are digital eyes, bitcoin and libra differ both in terms of quantity quality or in other terms, libra is more used for daily activities, for example to transfer money and the like but bitcoin is more used for trading and investing in large amounts  and bitcoin already existed from libra

i would never want to invest in a centralized coin. to much can go wrong imo

There are major differences between Bitcoin and Facebook’s introduction Libra. Bitcoin is a highly volatile asset and fluctuations in its price are frequent. Libra on the other hand, is more of a stablecoin that is backed by actual currencies (USD, EUR) and commodities (Gold, silver).
Libra aims at becoming a more main-stream crypto currency and decreasing the factor of risk from crypto trading. It seems that in the future, Bitcoin will become a more investment asset like real-estate or gold.

Even at the moment, people are beginning to hold bitcoin as store of value despite its volatility because they all believe in the future of bitcoin, Facebook on the other side may also not be restricted to stable coin alone, because they will want to create a coin that also have volatility based on what one of them said, he claim that Libra coin will also serve as digital assets but will in no way compete with bitcoin, so we can still expect some sort of volatility in the coin too so that people can benefit from holding it.

One main reason why it would never beat bitcoin is because as we know that bitcoin is still the only coin that seems to be operating on a decentralized platform which is why majority of its users is seriously holding on to it as the most reliable coin.

Libra is built on a secure, scalable, and reliable blockchain. It is fully backed by a reserve of real assets. A basket of bank deposits and short-term government securities will be held in the Libra Reserve for every Libra that is created, building trust in its intrinsic value. While bitcoins are created as a reward for a process known as mining in the computer. They can be exchanged for other currencies, products, and services.

Facebook Libra is a centralized going which cannot be compared to bitcoin. Yes it may be a cryptocurrency, but when one company controls it, it's basically defeats the purpose of what crypto is all about, which is independence.

Libra has become very popular before even listing on the market. I can say too that I know the main difference. Libra is stablecoin and I think Libra is closer to be a local currency compared to Bitcoin.

Its funny how people can easy make comparison between Bitcoin and a coin that hasn't been listed or made available for people to use.  Libra is just a stablecoin version of Ripple since both kinda have similar ideology.  I think its a bad idea to compare Bitcoin to Facebook's Libra.

Are you joking or serious when you say Libra is stablecoin and Bitcoin isn't? Have you ever thought that Bitcoin has been a decade in the digital currency industry? What about you? so far as it has yet to launch and it is not yet known when it will happen, nor has the token been purchased yet, so you say stable coin instead of bitcoin, for some years bitcoin has been used for pounds unused. Hope before you post here you think it very well first.

Perhaps the author of this tread was looking for an explanation of why people on the Internet compare Bitcoin and Libra? I saw a lot of posts on social networks that Libra stablecoin will be the killer of bitcoin (it sounds very funny, like a fact that Facebook ensures the privacy hahaha ;D ;D ;D)

The section that attracted my attention the most;


So, then we can't think of Libra as a direct competitor to Bitcoin. We may call a new solution located between traditional payment methods and Bitcoin.
Libra will increase adaption to all projects based on Blockchain, especially Bitcoin in the near future.



But I don't agree with that. Bitcoin transaction fee is not stable. There are high figures for today. But this may change in the future. Therefore, we cannot say that this comparison is very accurate.

As a result, it is true that Libra has begun to mobilize the market. But we will see together what will be the result later.

Libra is a stable cryptocurrency, supported by a number of currencies and securities sectors. Bitcoin is a crypto currency that is very volatile.
Additionally bitcoin is not owned or regulated by any central party and lives in a decentralized network.
Meanwhile, Libra is supported by currencies such as the US dollar and the euro.

I think that Libra is going to be a centralized currency that is going to be heavily controlled and moderated by Facebook, where bitcoin is decentralized and its network is controlled by the people using it, to me i think that Libra is just an attempt to make money off of the cryptocurrency trend that has been going on for a while, and they are hyping it up and selling false promises to get more investors, and it might just end up as a thing that no one uses, but never the less it might give enough boost to the crypto seance and the bitcoin if it was to prove to be somewhat of a success. 

As far as I know no stable coin have ever come close to bitcoins price or even got close on top 100 of CMC.What will make libra coin strong is the team behind it.It is the ceo of facebook who funded this so news about it will get spread quickly for sure.But im not expecting something crazy from libra coin to be real.

Libra is stable coin and bitcoin is not and I guess you must also have read the reason that why Bitcoin is not. Bitcoin is decentralized and this is not the demerit or shortfall of bitcoin it was created to be decentralized. Libra on the other hand is governed by a single agency which means it's just another model of ripple which is popularized by Facebook. It's backed by securities and debt securities? I don't know what do they mean with this because a cryptocurrencies is mined and not created by keeping a backing debt security. I think libra is just a digital currency with the securities backing however it's far away to be called a cryptocurrency because this is absolutely not how cryptos behave.

Excerpt from the articles

Libracoin will not be just your regular stable coin in the tradition of Tether, it's bringing something to the table that other countries consider dangerous, so they banned Libra Coin, I'm still open to what Libra Coin is bringing to the table but I'm 100% supportive of Bitcoin because it is a store of value.

The said cryptocurrencies have lots of differences, one of those is they're different in terms of their monetary policy, bitcoin is widely known to be a decentralized cryptocurrency, if someone has bitcoin, they are the sole custodian of their BTC and the government can't touch it. Meanwhile, facebook libra is like the traditional currency that is backed by centralized institutions and agencies. Another factor that differs from Facebook libra and BTC is the technology used behind them. BTC is known for using the technology called blockchain that records every transaction anonymously on a public ledger. While libra, also uses blockchain technology or a distributed public ledger to be specific, but the catch is, the blockchain of libra is permissioned which means only group of trusted parties can add every transactions.

The difference is just huge,bitcoin is powerful and libra is powerful too but to weak to be compared to bitcoin.Yes libra coin has alot of supporter well what you expect from the company who developed it.But clearly bitcoin is still the best

Bitcoin is a fully decentralized currency while Facebook Libra is centralized shitcoin!
Bitcoin is open-source, backed by the people while Facebook Libra is not open-source, backed by Facebook, PayPal, VISA and so on.

That big difference is the only reason why many people will start investing more in bitcoin.
I am not against Libra coin because it will pave the way for many investors to the world of cryptocurrencies.
This is the only reason I like Libra because it is owned by well known brand which will make it gain traction and hence popularize currencies like BTC and ETH.

The same way that bitcoin was never intended to replace the fiat system of the government is the same way that I think Facebook never created Libra coin to replace bitcoin many of us can even see that many times the team behind the Libra coin has openly declared support for bitcoin which they believe that the Facebook Libra coin will only tend to facilitate the adoption of cryptocurrency, of which the use of bitcoin will be number one priority for many people.

Like you said, the Libra coin is a stable coin and can only function as utility token, while bitcoin encompasses of everything, both utility token, investment token and as a full decentralized coin while the said Libra coin can never ever be created in a decentralized manner that people want.

It will highly affect everthing in facebook, but I dont think that it will be the reason for facebook to end because of that. It might become the start for more success for both of them.
We should see for positive side and not for the negative.

bitcoin and libra are the same as virtual currencies but what is the difference between bitcoin and libra, libra is an exchange tool or for receiving money and sending money or other transactions without having to leave home for libra users, while bitcoin is a platform to facilitate transactions and better known as investment coin

Libra is just an opportunistic and centralized startup launched by a powerful company profiting at the expense of its user’s personal information. Most likely it will fail. That is what startups do. They fail 95% of the time. It does not matter if they have been created by top-notch companies. There are so many examples of the later I will not even mention them here. Bitcoin on the other hand has already "established" itself as the most successful investment of all time. Its creation was the result of the collective effort of many individuals. Its original purpose was to empower the unprivileged and allow individuals to transfer money across borders without having to be subject to any centralized institution. Maybe it has become a little centralized and an instrument for a few individuals to rip profits out of inexperienced traders, but is still miles and years ahead of a project like Libra

obviously libra and bitcoin are very different. Libra adopts a centralized system because it was created by Facebook and will be controlled by the Libra association which consists of several large companies such as Mastercard, Paypal and Visa. so I think libra will be a stable coin. whereas decentralized bitcoin has nothing to regulate and control so the value is very volatile. because of this fluctuation most people use bitcoin for investment tools. and in my opinion libra will be used for daily transactions because of its stable value.

Yes a lot of difference, so I don't think why people are comparing Libra over Bitcoin, it is just because it is developed by Facebook doesn't mean they are unique and will surpass the power of Bitcoin. I am seeing a lot of groups in facebook promising and making hype that Libra will be like Bitcoin so they are encouraging a lot of people to invest early, without telling the truth that Libra is a different concept. Hope that people will be vigilant with this matter.

There are a lot of differences between Bitcoin and Libra, main difference is the platform based, Bitcoin is fully decentralized and Libra is the opposite which will be totally centralized and controlled by the Giant Facebook, I think from the 15 years, Facebook collected huge information and database which is their main strength, Also They are facing a lot of difficulties before coming the market, according to their planning, Libra will be a stable coin not like Bitcoin is, Already the US government is trying to stop in a bud, but facebook is also a strong platform in the current context, I think the main difference between Bitcoin and Libra is controlling and stability.

Just as i have trouble trusting facebook and the two much power they seem to be having in the world, the same way i don't trust their Libra altcoin.It also seems that a lot of companies have decided to part ways with Libra with Visa,eBay,Stripe,Mastercard and a few others deciding to abandon Zuckerberg's latest project.

In regard's to fb libra, i donot know how it works since, i'm no longer active on facebook but, i do know most of it's sponsor are now withdrawing back which is a strong indication of lack of interest.

The reason behind this action,might be due to possible crash with traditional banking system.

Thanks

you dont need to become a facebook user or an active fb user just to know about thier project because there are always external sources outside the fb that you can read in order to be aware of what is it and what is its usage  .

how do you know that when you said you are not into facebook ? see , i told you . your info was right . not just withdrawing but i think thier overall plan was already cancelled  .

i didnt know that its possible for a banking system to crash but there are many banking system  , you must be specific if what bank is that   .  who knows maybe that is the real reason on why they back out

We are just enthusiastic about Libra. Libra is not the only stable coin in existence, so what is so special about its stability?  Comparing Libra with Bitcoin is just an exaggeration.

if you compare facebook coin with bitcoin then I think it's very unnatural because this libra has a very large number of coins while the total supply of bitcoin is limited and has a very high demand already makes libra lose.

the real difference bitcoin and libra is
bitcoin created by good people(well i can say that i guess, since himself never sell their coins), with mission to satisfy the human need to facilitate the transaction between people, remove third party, and no regulation,basicaly.
and what libra ?
libra created by sucks people who stealing people privacy, with mission for conqueror the world with their money digital, and dominating the world.


i am not, what the special about libra ? i cant seeing it.

Hello, follow my 5 cents contribution at why libra is different from bitcoin (and most altcoins). Hope I will not offend anyone. I believe people tend to trust legal institutions with history to see what to expect. The familiar is more comfortable then the unknown. Facebook, PayPal, eBay, MasterCard, Visa are companies, people know what companies are, know they are (at least in theory*) bound by laws, if something goes wrong, they can (at least in theory*) try a case in court...

"Man is the only animal whose desires increase as they are fed; the only animal that is never satisfied."
Henry George

* There is no perfect system, we should try to think and build better ones. Evolution and Revolution can be dangerous concepts... Use them with care, weighting and balance.

I am excited with this Facebook Libra Project because it is backup by large  corporations, I am banking  on their legitimacy,transparency and being stable for being leader in industry. Sad to say, I read that Paypal is backing out with this project because of  some problems and being investigated by government. I wish that other backers will not follow to back out. Hope so.

I guess your information is outdated by a few weeks. After PayPal withdrew from the project, there were more companies pulling out. The most important of them being Visa, Mastercard, Stripe and eBay. And I heard that with the exit from these companies, Libra is now devoid of a major payment processor. The Dutch payment company PayU is still there, but they are not as big as Visa or Master.

The difference is obvious, boy! Many people have previously commented that Libra will greatly affect Bitcoin, this is a wrong thought! Libra is a fixed currency used for payment on facebook platform, related partners. Bitcoin is widely used in many fields, being the leading exchange currency used by investors.

I can't give specification about different between Bitcoin and Facebook's Libra because Facebook Libra still not found in exchange or we can find it what their website, for bitcoin is an investment and digital assets can use for sending or receiving money by using bitcoin as payment. Libra coin still do not have form and what will be of Libra coin after launching to the investor, become just an investment assets or Libra coin become digital e currency payment.

The backing of large corporations are gone now and the interesting thing about Libra is that it has so much hype even before the release of the coin and yet we are not sure whether they will be able to release them in the first place. So the main difference is we are comparing Libra with a real coin and an unreal fantasy of facebook  :P.

What do you think why paypal backed out from their development, a fallout with the team of facebook  :P. The authorities will be putting pressure on these companies and it is a reality that they will back out if they want to continue their business in the US.

Facebook coin is not a direct competitor to cryptocurrencies, especially Bitcoin. It is a direct competitor to fiat money. I think that on the contrary, Libra will increase the number of participants in the cryptocurrency market in the future.

Yes, I agree with what you said because you will be curious about what is the other cryptocurrency ( if you don't have any idea about cryptos). But libra will have a stable coin, so some investors will not see it as an encouraging investment to them. But they will have a curiosity about other cryptocurrencies that might give them a hint to try bitcoin and another cryptocurrency. 

well, Libra is a stable coin with a centralized nature, that is backed by US government... BTC is none of these...
I think Libra may be the first attempt of the US to build their own "crypto"... US are owned by large companies like facebook and it would make sense to try to take the market using the millions of facebook users...
fortunately, it seems that the remaining actors on the game are aware and didn't follow them into the rabbit hole

Actually,  Facebook coin scope expands across the whole financial system, and that is why till date,  it has been threatening government,  if it was just designed as payment for their Facebook platform alone,  I am sure that all these issues surrounding it from government and from individual would not have existed,  but even with their wide scope of services,  it will still be very much impossible for Facebook to have any negative effect over bitcoin.

One of the disadvantage of the coin is that it is a decentralized coin which is far from the objective of cryptocurrency and will make bitcoin remain the only significant coin that is truly a decentralized coin people wishes for, so If I may tell you,  I am not scared of Facebook coin release,  it will help me and will still not affect my use of bitcoin or affect my investment because the present community would never leave bitcoin for Facebook coin.

Facebook Libra coin is stablecoin while bitcoin is not. Bitcoin is a peer-to-peer digital currency that is decentralized with no company behind it while Facebook Libra is a centralized stablecoin backed by more than 20+ different companies such as; PayPal, Stripe, eBay, VISA, MasterCard, Uber, LYFT, and many more others. 

Many significant companies backed out... Outdated by a week or so.

I never been heard the Facebook Libra and this is just the first time. But what's important is that I have something new to meet in here that I need to take head on and learn about it. Crypto world is a very unending bunch of knowledge about crypto.

Libra adoption will be higher is it also because of the power of Facebook, they are the owner so it is not hard for them to advertise libre while other coins are banned to advertise their coin to Facebook. Maybe Libra is also a good way to make bitcoin more open to others who still don't exactly know bitcoin.

The article discusses the difference between bitcoin and Libra in terms of use cases, adoption, and volatility. In general, we know that Libra is predicted as a stable coin that will be used for mass adoption in various activities, initially involving activities on Facebook and related social media.
I embed a picture that shows the difference between Bitcoin and Libra, hopefully it makes it easier to understand it more clearly.  :)
https://i.postimg.cc/JGKgVnM3/btcvslibra.png (https://postimg.cc/JGKgVnM3)

If you see in terms of price stability, there are already many other stable coins before Libra. Bitcoin will still be excellent than others because of the influence of Bitcoin on the market very big. The Libra Project is still confused about their development, where they are currently being confronted with unfavorable issues so inhibiting further development.

Libra coin has still lot of development to be completed before its issue and being stable currency it might be used and adopted by large number of people but still btc cannot be compared with it as it has other level like pricing factor which fluctuates and gives huge returns to investors and moreover it is decentralized coin without any control which is not the case with Libra as it is owned by Facebook and will not be able to survive in long run.

This is one very essential point to highlight(emphasize), is it possible for libra to last a long period of time, if you ask me I'll say it is a no, taking a look at their setup and also their privacy issues, I think libra may not be able to last so long in the market, I even wonder what investors would be thinking going into this sort of investment.

Bitcoin may not be stable, but we all know it's potentials, this potentials it has kept up for the past 11 years or so and still counting, that alone is enough to show that bitcoin is way ahead of libra, there is no definite prove that libra may not last long, but till it does, the bitcoin is in a world of its own compared to it.