What is the difference between Bitcoin and Liberty reserve? Hope Bitcoin will not end up like Liberty reserve?
Bitcoin - Decentralized, it will have records/ledger distributed all over the world with different individuals so whatever bitcoin an address hold will remain same for many years till real owner of that address transfer it out from it.
Liberty reserve - Centralized payment processor so all account and user details are stored in one database or datacentre which can go down or taken down by government/FBI/Cybercrime within few minute, and same happened to LR before which made many people to loss billions of their hard earned cash.
Bitcoin will not end up like liberty reserve or it can't be taken down by government just like they have taken down LR.