smartbitcoininvestor
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June 19, 2019, 03:10:59 AM |
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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
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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CryptoBry
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June 19, 2019, 05:33:29 AM |
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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.
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pixie85
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June 20, 2019, 12:09:16 AM |
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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.
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. 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.
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.
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GreatArkansas
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Buy/Sell crypto at BestChange
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June 20, 2019, 01:58:01 AM |
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For me Libra's the scariest thing in crypto for now. It could replace Tether lol.
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.
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Nellayar
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Roobet supporter and player!
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June 20, 2019, 05:30:44 AM |
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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. 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.
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Snaic
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June 20, 2019, 05:02:10 PM |
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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. 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.
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Jating
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June 20, 2019, 05:22:03 PM |
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For me Libra's the scariest thing in crypto for now. It could replace Tether lol.
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.
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spacehopper
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June 20, 2019, 05:59:49 PM |
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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.
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dothebeats
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Cashback 15%
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June 20, 2019, 06:15:54 PM |
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For me Libra's the scariest thing in crypto for now. It could replace Tether lol.
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.
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AngellSky
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June 20, 2019, 07:58:02 PM |
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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.
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Johnzky
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June 20, 2019, 08:14:39 PM |
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Ain't Bitcoin what started Blockchain Technology? 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
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carlfebz2
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June 20, 2019, 08:15:31 PM |
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For me Libra's the scariest thing in crypto for now. It could replace Tether lol.
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. 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.
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bitcoindusts
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June 20, 2019, 09:27:24 PM |
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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.
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