Libra VS Bitcoin (2 Coins Enter 1 Coin Leaves????)

[Khaos77]

Libra VS Bitcoin  (2 Coins Enter 1 Coin Leaves???)

Bitcoin Created by Satoshi
VS
LIBRA Created by Corporations


Libra Specs are still not confirmed, but faster transactions speeds and lower transactions fees to gain market share seem likely.

Libra is Centralized Control and Bitcoin currently is not.

Libra value per coin should be stable since the Corps are backing it with fiat reserves, while Bitcoin price can rise or fall quickly.

My thoughts are merchants will flock to it because of price stability , plus a little corporate nudging.

Bitcoin will still be harder to censor than Libra and its price won't be as stable,
but investors and traders don't want stability, they make money with the market swings.

So Investors and traders will still favor Bitcoin,
While Merchants will favor Libra.

So what is everyone's else thoughts?

Will one defeat the other or are they fighting in different rings and never shall they actually face off.

[1715112486]

1715112486

[1715112486]

1715112486

[1715112486]

1715112486

[1715112486]

1715112486

[1715112486]

1715112486

[franky1]

what i find funny reading about libra

says "protects users’ privacy by never mingling your Libra payments with your Facebook data"

but then says "You’ll pseudonymously buy or cash out your Libra online...  ...and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger and its own app."

but then shows


oh look someones facebook profile in same app as the payment

people will laugh when they get facebook notifications/messages that a friend paid them X. and questions start arising 'but how does facebook notifications know'

the way i look at it. libra wont 'mingle' facebook data.. to avoid blockchain bloat.
but facebook will include libra data because how else will messenger inform you been paid

[franky1]

Gavin works for the CIA.

no gavin was invited to a conference to explain to government agencies what bitcoin was all about.

whats next.. andrea's antanopolus is a canadian government leader because he went to speak to canadian leaders

that must make Luke JR god because he is a bible preacher.

[taratorly]

Consider Libra a "e-token" that represents 1 USD per 1 Libra and Bitcoin to be more like Gold.
Libra = Facebook giftcard pretty much.
 
Bitcoin and Libra can and will exist at the same time (just like bitcoin/altcoins/fiats today) They are not competing this is not a boxing match. One does not simply "Leave".

Then there is no relation with Bitcoin and Libra. So Libra is basically a stable coin. I agree it is giftcard, like amazon gift card. But it can be use digitally. We can not say it cryptocurrencies. More like loyalty points.

[Fred3030]

Lots of project has been launched in the passed with somuch hype and made so many crypto enthusiasts believe they can displace bitcoin, but not till date has been able to take over bitcoin in terms of usage and acceptance and trust me when I say not even the so much hyped Libra coin will out perform bitcoin. The centralization of Libra coin alone will play to bitcoins advantage as crypto enthusiasts prefers decentralization which is the main purpose of crypto currency and blockchain in general. Bitcoin will remain king and all other will only try but will never get close

[Kakmakr]

Anything backed by a large existing company with a huge target market will be successful because it has a large network of users and merchants and also the backing of the government, because the government wants that information.

It is a well known fact that Facebook is feeding the US government with people's personal data and now they are adding people's private financial data too, so this will be a valueble asset for the US government.  

People needs to decide if they want their private financial data to be accessable to the US government and all other agencies that work with them. 

[Chain Clash]

Libra, to me, marks the beginning of a new era in human history, the age of the corporations. We tried to find a new way by introducing public blockchains; however, it is more likely that corps like Facebook will control the Blockchain space soon, at least it will be perceived like that by the general public.

Hopefully, we will get back on track towards decentralization soon. BTC

[CryptoBry]

The idea that Libra will be replacing or is meant to replace bitcoin is far from the truth. I think that should have been clear by now after the Libra people released some information. Libra is primarily meant to be the cryptocurrency and platform that will work with the social media sites controlled by Facebook and maybe if the market is responding well also with remittance or transferring money and payments. The captured market for Libra is quite big and if done well they can thrive and prosper within this market.

Just come to think about it...how come a stablecoin like Libra replace bitcoin? They are two different platforms and comparing the two is a big religious sacrilege.  The cryptocurrency market is expanding...heck we have so many projects being introduced even as we speak via the popular IEO crowdfunding...it means there will always be room for expansion. And Libra being one of the new projects has nothing to worry about what others might say in the cryptocurrency industry because it is certain of its market...in the same way that Mark Zuckerberg never cared what others might say when he started Facebook.

At the end of the day, it is the marketplace that will determine which will win and which will lose but this time around to assume that one will die in between the two (Libra and bitcoin) seems preposterous to say the least.

[XCANA]

Personally, i can't see any similarities between Libra and Bitcoin neither facebookcoin and Bitcoin. Bitcoin will still remains decentralized while all others cryptocurrency(altcoins or shitcoins) will remain centralize and be control by the government. Never trust these shitcoin you are comparing to Bitcoin because, facebook will sell your personal data to the government while Bitcoin will hide them from the government.

[Nawrod]

In general, Bitcoin is definitely a better cryptocurrency than Libra, especially one the technical field. We still don't know much about Libra, but its whole idea is far more different from basic concept of cryptocurrency. From what I see, main purpose of this coin is some kind of universal money for Facebook and associated brands - so there's no chance for privacy and decentralization. But this is also a big advantage of Libra - it will be easily available. For example, one of its partners are MasterCard and Visa, which means it will probably be  available to buy this coins with your credit cards - in case of cryptocurrencies, you can only do it on some specific sites, like buycoinnow.com We have also Spotify, Uber and other brands which will probably be using this coin for transactions too.
So in the end, this coins will be completely different

[michellee]

Maybe the government wants to force people to use libra than bitcoin so they will get the benefits of the coins. But still, I don't think that libra can compete with bitcoin, especially if the government control libra because bitcoin offering people to have their own money and people can manage their money. But people will choose whatever they want, and the government cannot force what people choice because it's related to their freedom to use the money.

[slaman29]

Maybe the government wants to force people to use libra than bitcoin so they will get the benefits of the coins. But still, I don't think that libra can compete with bitcoin, especially if the government control libra because bitcoin offering people to have their own money and people can manage their money. But people will choose whatever they want, and the government cannot force what people choice because it's related to their freedom to use the money.

Um, right, firstly, they are gonna have to force us to use Facebook first. Which I never will. In fact, after I found out Whatsapp belonged to Facebook, or they bought it can't remember which, I stopped using it too. My life is already too busy to go on social media.

And on crypto, my life is too busy being with Bitcoin to get another crypto that doesn't even belong to me if I buy it.

[tsaroz]

Libra VS Bitcoin  (2 Coins Enter 1 Coin Leaves???)

Bitcoin Created by Satoshi
VS
LIBRA Created by Corporations


Libra Specs are still not confirmed, but faster transactions speeds and lower transactions fees to gain market share seem likely.

Libra is Centralized Control and Bitcoin currently is not.

Libra value per coin should be stable since the Corps are backing it with fiat reserves, while Bitcoin price can rise or fall quickly.

My thoughts are merchants will flock to it because of price stability , plus a little corporate nudging.

Bitcoin will still be harder to censor than Libra and its price won't be as stable,
but investors and traders don't want stability, they make money with the market swings.

So Investors and traders will still favor Bitcoin,
While Merchants will favor Libra.

So what is everyone's else thoughts?

Will one defeat the other or are they fighting in different rings and never shall they actually face off.

Libra has features that makes it superior to Bitcoin for day to day payments. It would certainly increase the number of crypto users. It's a merchants coin and a trading tool.
Bitcoin on the other hand is now a speculative coin, a rare token to have. Libra would not directly compete with Bitcoin as its a stable coin. Bitcoin is the king of crypto.

[romero121]

However Facebook being already recognized with a huge userbase will easily find success unlike its features compared to bitcoin and other cryptocurrencies. Already more contradictions were there with its new coin, but being in the testing phase everything will be rectified and a perfect outcome of libra can be expected by 2020.

[franky1]

libra is just applepay on steroids

its all just based on a dataset of values where the unit of measure is the equivalent peg to fiat. all that changes is that it takes visa out the middle

facebook has a billion users outreach so expect it to cotton on as fast as applepay did in mainstream

that said. its not bitcoin. its just DLT (distributed ledger tech(centralised blockchain))

[ginobitcoiner]

too early if we compare between Facebook Coin (LIBRA) and the king of crypto currencies namely Bitcoin (BTC).
we also don't fully know about the clarity of this project.
has there been an official notification from Facebook about this?

[Bes19]

It's too early to say but in my own opinion, Libra will get the hype that it needed since it is backed up by big corporations. Imagine how many people use facebook so hype will be expected but Libra will never surpass bitcoin since Libra is a stable coin. We'll see by next year what will happen to it.

[dmty.0809]

It's good that libra coins make the value of bitcoin even higher. Libra coins will be the top 10 coins, because Libra supporters are big companies, and surely prices will be stable.

[thesmallgod]

Just like you have highlighted that merchant will prefer Libra than Bitcoin meaning that Libra will be competing with other payment processors like paypal and other giftcards while for the traders, Libra will serve as an umbrella during drop in price of crypto. This mean that people will be interested in converting the coin to Libra when the price of bitcoin falls. It is hard to predict but I do not see Libra as replacement for bitcoin but rather another contender. Libra will certainly be in top 5 coin or marketcap

[rdluffy]

Our community is only here because of BTC, we all share the same ideas behind BTC and cryptos in general
I'll not support this coin, no matter what, and I expect almost all people do the same