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Author Topic: the difference between Libra and Bitcoin  (Read 319 times)
logicgate
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July 10, 2019, 07:40:29 PM
 #21

What I see as the major difference between LIBRA coin and Bitcoin is that LIBRA coin is centralized stable coin while Bitcoin is decentralized (forgetting about Bitcoin been the father of Cryptocurrency).
 There is huge difference between the two. Libra is a stable coin. If you think you would make 100x with your investment in Libra, you should read about Libra again. It is pegged into a stable currency or a group of many trustable currencies. It is like exchanging a euro for a dollar. Bitcoin on the other hand has been the hot asset for speculation and you could expect great returns from your investment in the coin.
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July 10, 2019, 08:00:10 PM
 #22

after I saw the video about a little difference from these two types of crypto. 
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members. 

Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.

why would you buy Libra, i see it just as a gateway to crypto, it is stablecoin, it is almost impossible to earn on Libra?
igor.vanyutin.83
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July 10, 2019, 08:25:14 PM
 #23

It is a very good comparison, but the core difference is that BTC is a decentralised asset that is used for anonymous payments in internet without having a bank account, but Libra is just another centralised payment system.
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July 24, 2019, 09:28:05 PM
 #24

It is a very good comparison, but the core difference is that BTC is a decentralised asset that is used for anonymous payments in internet without having a bank account, but Libra is just another centralised payment system.
that's why we can't compared both Libra and Bitcoin because the both are running in different segments and libra cannot be compared to bitcoin where bitcoin running by community and libra by company and person

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August 24, 2019, 05:23:52 PM
 #25

after I saw the video about a little difference from these two types of crypto. 
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members. 

Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
The main difference is this:

Libra is designed to have a stable value. That's why we call it Stablecoin.
Bitcoin is not.

Libra suits the need of people, companies and institutions who need a cryptocurrency with stable value.
Bitcoin suits those who don't need value stability.


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August 24, 2019, 06:59:02 PM
 #26

The video has it all wrong, the major differences between Bitcoin and Libra coin are, Libra doesn't protect your privacy, Bitcoin does. Libra is not a cryptocurrency, Bitcoin is, Bitcoin is scalable, Libra won't be scalable, lastly, Bitcoin is not regulated, but Libra coin will be regulated.

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August 24, 2019, 07:13:58 PM
 #27

The main difference between Libra and Bitcoin is that Libra is Centralised while Bitcoin is Decentralised, you are in control of your money provided you have your private keys but Libra you are at the mercy of these institutions and we see what EOS has turned to

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August 24, 2019, 08:24:31 PM
 #28

Libra is centralized
Bitcoin is decentralized
Libra is a utility token
Bitcoin is a store of value
Libra is a stable coin
Bitcoin is volatile and price depends on demand and supply.
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August 24, 2019, 08:35:32 PM
 #29

Libra is centralized
Bitcoin is decentralized
Libra is a utility token
Bitcoin is a store of value
Libra is a stable coin
Bitcoin is volatile and price depends on demand and supply.

This is the best differences we have.
Plus Bitcoin could be used anonymously and is already a globally accepted currency while Libra would be traceble and isn't still sure to see the light. Bitcoin has public backing while Libra is backed by enterprises.


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August 24, 2019, 08:40:53 PM
 #30

Bitcoin = Decentralized
              Anonymous

Libra=     Heavily  Centralized
              Price stability

These are the main things that differs them and no doubt what the entire community still do preferred in.

R


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August 24, 2019, 08:54:00 PM
 #31

after I saw the video about a little difference from these two types of crypto.  
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.  

Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
That is, if Libra will be launch before 2020. I seriously doubt if that is going to happen. Bitcoin is decentralised and it is completely anonymous why Libra will be centralized and it is like a stable coins. I prefer bitcoin to Libra because bitcoin is giving power to the society why Libra is enrich the rich!
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August 24, 2019, 09:01:18 PM
 #32

You really did well to differentiate them. One of the most important difference between them is decentralization. Bitcoin is completely decentralized while Libra isn't; that is to say holders of Bitcoin or users who transact with Bitcoin can do so from anywhere in the world without any restrictions but same can't be said about Libra.
Also, Bitcoin has no partners while Libra is seeking many partners or investors who will in one way or the other decide the fate of the platform.

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August 24, 2019, 09:10:48 PM
 #33

Libra is the coin of the man whereas Bitcoin is the coin of the people. And looking at the extent of control regulators want to have over Libra, that's the more reason why it hasn't been fruitful yet. Regulators hate independence, but Bitcoin is freedom to all.

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