Libra vs. Bitcoin - What's the Dif?

[EXtremeAEX]

Yes, Libra Coin is another attempt to steal your personal information. And this information will undoubtedly be used by third parties. Several largest payment systems showed interest in Libra.
Of course, once again, with the help of lies and the substitution of concepts, powerful people want to gain control over your finances and your personality.
The saddest thing is that many people, blinded by the fact that this is a coin of a well-known company, which is supported by many well-known corporations, will buy Libra and use it.

[danherbias07]

Thank you for this.

I guess newbies should really look into this rather than Google.
They really never knew what they are going into. Supporting a centralized coin will just hurt their feelings in the end.
Why not go back old school and have your privacy back thru the use of bitcoin.

Too much new era is happening and they dont even realize that their information is leaking from all over the internet.

[Borisov]

bitcoin does not kill. due to libra, many new players will come to the market (there should be such projects ). that actually will give a new impetus to growth.

[Folajuwon56]

This is a repetition of Topic. But anyways, I will repeat my comment again. LIBRA coin is a centralized coin while Bitcoin is a decentralized coin. That's the major difference.

[Bitcoin Seller]

The difference between Libra and Bitcoin is that Bitcoin is the first coin in cryptocurrency, and Libra is a regular alts on the market

The main difference is the volatility that is the number one feature of Bitcoin. As I understand, Libra is supposed to be a stable coin, which price will remain almost the same all the time. I guess it will be connected with the dollar. BTC does not have a real connection to any traditional currency. Besides, Libra might be a very cheap coin, close to 1 USD or less.

[EXtremeAEX]

Well explained and concise highlights on the key differences between BTC and Libra. You omitted the fact that Libra is a stable coin while Bitcoin is volatile and may appreciate greatly with time. The only good thing about Libra is that it drives towards mainstream adoption, but highly regulated.

Yes, but owners of Libra coin will have to pay too high a price for this stability. In fact, you give away all your personal data and third parties have access to information about your wastes (that is, what you eat, drink, put on yourself, what places you visit). And be sure that this information will be used to influence your desires in order to earn as much money as they can on you (for example, FB now uses something similar to show you the ads that will interest you).

[[btc]YSG]

Today I can say with confidence that Libra will not compete with bitcoin. Most likely it will be a springboard for bitcoin and after the introduction of Libra, bitcoin expects a flight to the moon. Libra is not a decentralized cryptocurrency. Libra is a stablecoin that will be produced in huge quantities.

OP has already done justice which differences exist between both currencies, There is nothing that can be expected from Libra that hasn't been offered by Bitcoin in a better way, Libra coin is just like every induvidual having their statement of account with all of these organizations listed by the OP, which is very unsafe.

[Wolfwar]

Maybe I don’t understand something, but Bitcoin offers anonymity and decentralization, and the Libra project offers a concentration of all personal data in one resource.  I think that this moment should alarm many.

[monalia]

The basic and well known difference between Libra and bitcoin is centralised and decentralized platform.  Many corporate giants are are giving support to Libra and Facebook community but this is not same for Bitcoin is facing now.
Only people have passionate on Bitcoin only having faith and keep support on this coin.

[TimeTeller]

Maybe I don’t understand something, but Bitcoin offers anonymity and decentralization, and the Libra project offers a concentration of all personal data in one resource.  I think that this moment should alarm many.

The basic and well known difference between Libra and bitcoin is centralised and decentralized platform.  Many corporate giants are are giving support to Libra and Facebook community but this is not same for Bitcoin is facing now.
Only people have passionate on Bitcoin only having faith and keep support on this coin.

People who value their privacy will not divulge with libra project.
But people who are loyal fb users might not think anything about their privacy but the advantage that they can get out of it.
Small business owners might see this platform as good avenue for them.
So it is all about individual's priority. Let us respect the varying interest on this project.

[yvesp110]

Today I can say with confidence that Libra will not compete with bitcoin. Most likely it will be a springboard for bitcoin and after the introduction of Libra, bitcoin expects a flight to the moon. Libra is not a decentralized cryptocurrency. Libra is a stablecoin that will be produced in huge quantities.

OP has already done justice which differences exist between both currencies, There is nothing that can be expected from Libra that hasn't been offered by Bitcoin in a better way, Libra coin is just like every induvidual having their statement of account with all of these organizations listed by the OP, which is very unsafe.

Well there hell of a difference. Just look at the functionalities of the coins. These two coins are for very different functions. Bitcoin is for speculation purpose to a major extent. This is what people look for in Bitcoin, the ability to replicate their money. Libra is a stable coin so expecting returns from one you out in your money in Libra is a waste of time.

[thirdprize]

Today I can say with confidence that Libra will not compete with bitcoin. Most likely it will be a springboard for bitcoin and after the introduction of Libra, bitcoin expects a flight to the moon. Libra is not a decentralized cryptocurrency. Libra is a stablecoin that will be produced in huge quantities.

OP has already done justice which differences exist between both currencies, There is nothing that can be expected from Libra that hasn't been offered by Bitcoin in a better way, Libra coin is just like every induvidual having their statement of account with all of these organizations listed by the OP, which is very unsafe.

Well there hell of a difference. Just look at the functionalities of the coins. These two coins are for very different functions. Bitcoin is for speculation purpose to a major extent. This is what people look for in Bitcoin, the ability to replicate their money. Libra is a stable coin so expecting returns from one you out in your money in Libra is a waste of time.

Which is a good thing for Libra.

[42K]

The difference between Libra and bitcoin is obvious and simple. Bitcoin is digital and decentralized cryptocurrency which is popular and the top leading cryptocurrency which is used for transaction while Libra can be said to be a centralized, stable coin of which no one knows the future it holds.

[BintangBuleun]

~snip

I'am not interested in Libra, even though there are currently many who say that Libra will replace Bitcoin. Currently using Faceook is very problematic for us. All our identities are clearly visible there. Different from using Bitcoin. I think Libra is not a new generation, but the old generation was developed with a new system. Bitcoin is a new system that can be used by everyone.

[guoyu78]

~snip

I'am not interested in Libra, even though there are currently many who say that Libra will replace Bitcoin. Currently using Faceook is very problematic for us. All our identities are clearly visible there. Different from using Bitcoin. I think Libra is not a new generation, but the old generation was developed with a new system. Bitcoin is a new system that can be used by everyone.

Just as you know this, everyone still knows this also, and they know that Libra coin can never function as much as bitcoin would do and would never be accepted as much as bitcoin is, but there is still willingness of some people to at least give it a try for the areas which it would cover. You will agree with me that Facebook has so many business merchants that are using their platform to reach out to their world as regard their product, and Facebook has been quite active in this regards.

They might have dislike for Libra coin, but at the same time, I Didn’t think that Facebook will ever be bitcoin merchant when it comes to payment, which means that those fakebook merchants who are quite much in number will definitely use the Libra coin out of no choice.

[Fundamentals Of]

This is more of a subjective assessment rather than an objective one. The OP is clearly implying his absolute support for Bitcoin and dislike over Libra. However exaggerated it may appear though, it is close to truth. Libra may be appreciated in general because it is to be considered a victory of cryptocurrency over the old fiat system, the circumstances and features surrounding Libra is a little dubious.

[CBANX3]

As the Facebook officials declare Libra has nothing to do with Bitcoin, Libra is business digital asset with certain limitations whereas Bitcoin is open-source digital asset.

[leea-1334]

Bitcoin has the most demand for identity hide. Some transaction is easy by identity hide. As Libra if you want to send money will easy from FB. I would like Bitcoin rather Libra, only few people will do by Libra.

What are you talking about. Cryptocurrencies do not have demand for identity hiding. People and users do. I know the Bitcoin user community and none of them want to hide their identities. They would very much like to protect their privacy and personal data that is all.

You want to send easy money from FB? Why? Why not easy BTC p2p? Cheaper, faster, no blockages.

[Malamok101]

the difference between bitcoin and the pound coin is that bitcoin is making a lot of money here so more people are investing in it because it is leading the crptocurrency rather than investing in the pound coin which has little investment in it because you have little chance of making a big profit here. .

[guydin]

Bitcoin has the most demand for identity hide. Some transaction is easy by identity hide. As Libra if you want to send money will easy from FB. I would like Bitcoin rather Libra, only few people will do by Libra.

What are you talking about. Cryptocurrencies do not have demand for identity hiding. People and users do. I know the Bitcoin user community and none of them want to hide their identities. They would very much like to protect their privacy and personal data that is all.

You want to send easy money from FB? Why? Why not easy BTC p2p? Cheaper, faster, no blockages.

The main differences between 2 of them are the following: BTC is decentralized, and Libra is centralized, stable, having a team that will control it.  BTC transactions are anonymously recorded in the blockchain. Libra also uses a blockchain form in which it will be necessary to obtain authorization (permissions). This approach means that transactions can only be made by a group of proxies.