Libra never mentioned "Bitcoin" in Whitepaper

[DominicReign]

Ain't Bitcoin what started Blockchain Technology?

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

[mk4]

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).


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

[BitcoinFX]

Ain't Bitcoin what started Blockchain Technology?

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

[target]

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.

[BitcoinFX]

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

... snip ...

Libra White Paper Shows How Facebook Borrowed From Bitcoin and Ethereum
- https://www.coindesk.com/libra-white-paper-shows-how-facebook-borrowed-from-bitcoin-and-ethereum

P.S. When can we all expect a ZuckBuck's RFID chip ? *facepalm* ... Oh, hang on, best not ... - SWIM

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

[BitHodler]

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.

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.

[kingpin4321]

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

[egyptian magician]

Account information from Calibra will not be shared with Facebook to improve things like ad targeting, except for "limited cases"

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.

[Naida_BR]

Ain't Bitcoin what started Blockchain Technology?

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.

[dr.cheema]

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. 

[CryptoGamblingSites]

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

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

Each founding member paid a minimum of $10 million to join and optionally become a validator node operator (more on that later), gain one vote in the Libra Association council and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve into which users pay fiat currency to receive Libra

    Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
    Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
    Telecommunications: Iliad, Vodafone Group
    Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
    Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
    Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking

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.

[Nolimitz84]

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.

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.

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

[Lizzylove1]

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

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.

[Payme21]

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

[Thermytee]

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

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

Each founding member paid a minimum of $10 million to join and optionally become a validator node operator (more on that later), gain one vote in the Libra Association council and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve into which users pay fiat currency to receive Libra

    Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
    Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
    Telecommunications: Iliad, Vodafone Group
    Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
    Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
    Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking

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

[blueteam09]

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.

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.

[hatshepsut93]

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.

[bloodyvio]

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

[pixie85]

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.

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.

[MonsterV]

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.

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 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.