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Author Topic: The difference between Bitcoin and Facebook's Libra  (Read 878 times)
owengtam09
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October 17, 2019, 10:59:56 PM
 #101

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.
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.
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October 18, 2019, 09:50:15 AM
Last edit: October 18, 2019, 08:12:08 PM by xiboothrezi
 #102

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.  Smiley

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riso2015
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October 18, 2019, 10:22:13 AM
 #103

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.

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SummerBliss
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October 18, 2019, 10:57:05 AM
 #104

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!
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.
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October 25, 2019, 03:21:22 PM
 #105

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.

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