Libra has competitive advantages over Bitcoin. We let this happen.

[Sailor11]

In the near future you will see libra on top-10 of every cryptocurrency index as it will be valued in Billions even as a stablecoin.
All indexes already have Libra's spot ready and waiting for the release.
https://www.coingecko.com/en/coins/libra
https://coinmarketcap.com/currencies/facebook-libra/
https://www.worldcoinindex.com/news/facebook-unveils-its-native-cryptocurrency-libra-in-a-bid-to-transform-global-finance

"Reaching the unbanked"
From the coindesk article it is clear that Libra will be a fierce competitor of Bitcoin:
https://www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
So our moto "Banking the unbanked" is now Libra's main verse and noone seems to actually care.

Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.

What do you think the world needs?
Digital gold or a fast and secure digital currency?

From my point of view the Bitcoin community seem to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?

[mk4]

What do you think the world needs?
Digital gold or a fast and secure digital currency?

The world needs both. In my opinion, before it makes sense to use bitcoin for a day to day currency by the masses, it needs to have a more stable price. And for that, we need more liquidity. A LOT more liquidity. And before bitcoin reaches that point, it first needs to be a collectible(which it already became in the past when bitcoin was pretty much worthless), and then a store of value(now).

For now, Bitcoin will be a store of value and a niche currency(for countries facing economic crisis, for government opposition companies like WikiLeaks, and for us computer nerds).

[Upgrade00]

From my point of view the Bitcoin community seem to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?

I would not say the community is stagnant, it has been constantly evolving over they years with new players getting involved as the currency matures. It's a collection of different people with different objectives. I'm my opinion, majority are in now for the volatility and potential to increase, hence we have long term hodlers.

My target for Bitcoin would be it becoming a stable store of value, and possibly used for national reserves.

[bitbunnny]

To my opinion Libra doesn't have such potential and it will not be so successful as some predict. No matter the all back up and support it might have. But at the end the market will decide and that is only fair. Still I don't believe that Libra could endanger Bitcoin, these are two totaly different concepts and therefore they have different types of supporters but Bitcoin will remain at the throne.

[hatshepsut93]

What do you think the world needs?
Digital gold or a fast and secure digital currency?

Of course it needs digital gold, we already have fast and secure digital currency - we have Visa and Mastercard, we have PayPal and Venmo. In most countries using payment cards for daily purchases is very comfortable - fees are low or even zero, confirmations are instant, buyers are protected from fraud and in many cases can get their money back. What the world didn't have before Bitcoin is a digital store of value that can't be seized by the government, can't be frozen by banks, can't be stopped by laws and regulations.

[Pingip]

What do you think the world needs?
Digital gold or a fast and secure digital currency?

From my point of view the Bitcoin community seem to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?

its also bullshit when he say that bitcoin is digital gold because bitcoin and other low supply cryptos like monero and zcash and cosmos and ethereum are

digital gold and cash in the same time, here op also scam ask experts in blockchain about this.

low supply crypto have much more less supply the gold and diamond and their is equation to see this in very nice way so its mean bitcoin is not digital gold its much more scarce.

bitcoin,monero,dash,zcash,cosmos, and other low supply coins are, *store of value and cash in the same time* while gold and diamonds are only store of value.

here

[dothebeats]

So our moto "Banking the unbanked" is now Libra's main verse and noone seems to actually care.

There has been a lot of discussions on Libra and its effects on the modern society, and I think that alone speaks up for itself to the extent of "caring" for what its worth.

Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.

I have been seeing this 'bitcoin's scaling problems' since 2015 but really, why are we being so problematic about a scenario that isn't closely being there, or rather a problem being artificially created at times? Even the proposed big blocks and other solutions for scalability proved to be a failure at this point, and I admit that SegWit also has its own flaws and we are seeing congested network activity from time to time, but that doesn't mean that bitcoin in its current form falls short on most points that a working cryptocurrency needs. Heck, Libra might one-up bitcoin in terms of advertisement and scalability, but even cybersec experts are not putting their trust on Libra even if it's not out in the open yet. That speaks much about a centralized coin issued by a company that found itself over hot waters countless of times.

What do you think the world needs?
Digital gold or a fast and secure digital currency?

Both, and I know that couldn't exist in one manifestation/coin only. but I'd definitely not choose Libra to be the digital currency we need, ever.

From my point of view the Bitcoin community seem to be stagnant, without any real targets set. What are the targets you want Bitcoin to have?

The recent targets actually isn't about development but profits on the pocket, sadly, and that's the harsh truth that I have observed as of late.

[Pingip]

if op was post it on reddit mod will ban him for scamming and mislead people to say that bitcoin is only store of value and its far away from the truth because low supply cryptos is

store of value and cash in the same time and was designed in this way,


if he post this on reddit after the mods kick his ass out the users over there will debunk the ass of mr fuckereberg with logic because libra is joke for experts in economics and blockchain.


whether its stable coin or usd which is only lose' value because supply is unlimited its the same shit ask any economist about this.

[Sailor11]

What do you think the world needs?
Digital gold or a fast and secure digital currency?

Of course it needs digital gold, we already have fast and secure digital currency - we have Visa and Mastercard, we have PayPal and Venmo. In most countries using payment cards for daily purchases is very comfortable - fees are low or even zero, confirmations are instant, buyers are protected from fraud and in many cases can get their money back. What the world didn't have before Bitcoin is a digital store of value that can't be seized by the government, can't be frozen by banks, can't be stopped by laws and regulations.

You are making sense. Most of the comments do also. I'm trying not to be adamantant on most of my positions thats why I asked and I read each and every answer carefully. This is my current position but perhaps I will be more flexible if this is discussed in a convincing manner. I have to thank the bitcointalk community for their insight as usual. There are a lot of really intelligent people on this forum.

My job for around 5 years was to observe rejected transactions through a lot of banking systems, POS and E-commerce made with Visa, Mastercard, AMEX and a few more ways of payments. You can't imagine how many problems exist, especially for overseas transactions (US to EU mostly and the opposite). There is not just one centralized system that has to process a transaction, but usually three or four. On any of these systems there are variables that might cause a transaction to fail. Most of these variables are unknown to the card holder and to the merchant. Quite a few doesn't even have to do with them but with the card options. So in order for a transaction to proceed you have to put trust to your Bank, your card (Visa/Master), the outside companies that processed the details in their database, the merchants bank and it goes on. All these are based in centralized servers. One server goes down (and they go down very often) and you get rejections. One data would be entered wrong and you might not be able to buy tickets at the airdrop you were making vacations. These are real problems that are not rare.
So the first thing the world needed and Bitcoin provided was this. Cancel the middle man. Noone needs to trust a bank or outside processing companies. You just trust yourself, the tech and cut the middle man.
What was actually needed was this model. It was close to flawless and at least a few thousand of people realized it immediately.
Paypal was a revolution as well. Still it has many problems, like limits and refunds, that are probably unsolvable.

My point is that Facebook with Libra, is actually stealing the hard work that was invested for Bitcoin to become the absolute means of transactions. What was needed so the whole world would adopt it was low fees (as it used to have for a while) and instant transactions. I say it looks stagnant because the Lightning Network doesn't seem to be a priority. Also there are many doubts if LN can work the way it is supposed to. I believe there should be more effort made in this subject.

[target]

The ordinary people who doesn't have bank access will now have! Definitely support it.

What I can see is that Libra is going to takeover in terms of marketcap probably beat BTC on top but its still is still what is it. Its going to be a success of facebook of course but we also get what we want the adoption. Those who are concern more of privacy may not really be happy about it but I guess it solves one problem we have.

[Sailor11]

if op was post it on reddit mod will ban him for scamming and mislead people to say that bitcoin is only store of value and its far away from the truth because low supply cryptos is

store of value and cash in the same time and was designed in this way,


if he post this on reddit after the mods kick his ass out the users over there will debunk the ass of mr fuckereberg with logic because libra is joke for experts in economics and blockchain.


whether its stable coin or usd which is only lose' value because supply is unlimited its the same shit ask any economist about this.

If I believe in a digital currency that is Bitcoin only. This means I don't have to speak my concerns with the community especially when there is a clear threat for all cryptocurrencies?
This is a list of facebook acquisitions, most were seen as possible disruptors for the market. So perhaps you will actually realize the threat too and stop your winning bullshit about reddit.
https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Facebook

[Patatas]

Do we have a shill here? Move this damn thread to Shit-Coin discussion already.

@op : I would have taken your argument into account if you could compare them based on the technical specifications. But for peanut brains like you who judges a coin by it's market value, I don't have much to discuss. Let me guess, you created your first ever bitcoin wallet on Coinbase? And got fucked over by one of these scammy exchanges.

[Pingip]

What do you think the world needs?
Digital gold or a fast and secure digital currency?

Of course it needs digital gold, we already have fast and secure digital currency - we have Visa and Mastercard, we have PayPal and Venmo. In most countries using payment cards for daily purchases is very comfortable - fees are low or even zero, confirmations are instant, buyers are protected from fraud and in many cases can get their money back. What the world didn't have before Bitcoin is a digital store of value that can't be seized by the government, can't be frozen by banks, can't be stopped by laws and regulations.

You are making sense. Most of the comments do also. I'm trying not to be adamantant on most of my positions thats why I asked and I read each and every answer carefully. This is my current position but perhaps I will be more flexible if this is discussed in a convincing manner. I have to thank the bitcointalk community for their insight as usual. There are a lot of really intelligent people on this forum.

My job for around 5 years was to observe rejected transactions through a lot of banking systems, POS and E-commerce made with Visa, Mastercard, AMEX and a few more ways of payments. You can't imagine how many problems exist, especially for overseas transactions (US to EU mostly and the opposite). There is not just one centralized system that has to process a transaction, but usually three or four. On any of these systems there are variables that might cause a transaction to fail. Most of these variables are unknown to the card holder and to the merchant. Quite a few doesn't even have to do with them but with the card options. So in order for a transaction to proceed you have to put trust to your Bank, your card (Visa/Master), the outside companies that processed the details in their database, the merchants bank and it goes on. All these are based in centralized servers. One server goes down (and they go down very often) and you get rejections. One data would be entered wrong and you might not be able to buy tickets at the airdrop you were making vacations. These are real problems that are not rare.
So the first thing the world needed and Bitcoin provided was this. Cancel the middle man. Noone needs to trust a bank or outside processing companies. You just trust yourself, the tech and cut the middle man.
What was actually needed was this model. It was close to flawless and at least a few thousand of people realized it immediately.
Paypal was a revolution as well. Still it has many problems, like limits and refunds, that are probably unsolvable.

My point is that Facebook with Libra, is actually stealing the hard work that was invested for Bitcoin to become the absolute means of transactions. What was needed so the whole world would adopt it was low fees (as it used to have for a while) and instant transactions. I say it looks stagnant because the Lightning Network doesn't seem to be a priority. Also there are many doubts if LN can work the way it is supposed to. I believe there should be more effort made in this subject.

nano and mimble wimble for now solve some how the problem of scalability and still  need much more work to hold more.

but every low supply cryptos like dash and monero and zacsh and bitcoin, ethereum are ... store of value and cash in the same time which is was designed to be like this.

mark zuckerberg is far away from be creative and everyone knows he love to steal and copy others was saw this million of times, and even if some creative mind have a great idea for facebook, he will not paid this is the nature of facebook.

creative mind know to compete and not steal and copy other ,
creative mind know to listen to anonymous guys which sometime have very creative idea and pay them and respect them,

but facebook is far away from this.

[Sailor11]

Do we have a shill here? Move this damn thread to Shit-Coin discussion already.

@op : I would have taken your argument into account if you could compare them based on the technical specifications. But for peanut brains like you who judges a coin by it's market value, I don't have much to discuss. Let me guess, you created your first ever bitcoin wallet on Coinbase? And got fucked over by one of these scammy exchanges.

Shill for what Libra? Yes dude I bought Libra and shilling the coin. I will sell when double.... Obviously you don't know what you are talking about. I am not qualified enough to discuss technical issues although I understand them. Also all your guesses are wrong. Plus I didn't get scammed by any exchange. This was obviously a try to attack the person by looking into his history.
The argument is what it is. If you don't have any concerns about Bitcoin you can always go allin and bash anyone that has a different opinion.

[Slow death]

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

What are the targets you want Bitcoin to have?

just google it

[Sailor11]

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

What are the targets you want Bitcoin to have?

just google it

It can become a store of value but right now it is just a speculative investment. Thank you for the cointelegraph link, I haven't read that one.

[Patatas]

If you don't have any concerns about Bitcoin you can always go allin and bash anyone that has a different opinion.

When would you understand that it is not just about bitcoin but crypto-enthusiast as a whole? I like to be anonymous, I like to have freedom over my transactions, I like to have the code-open-sourced. I don't care what market value is of the coin as long as I don't want to use banks. I don't like someone watching over my transactions. Read all that and think about Libra again, "Libra created by FACEBOOK".

[Sailor11]

If you don't have any concerns about Bitcoin you can always go allin and bash anyone that has a different opinion.

When would you understand that it is not just about bitcoin but crypto-enthusiast as a whole? I like to be anonymous, I like to have freedom over my transactions, I like to have the code-open-sourced. I don't care what market value is of the coin as long as I don't want to use banks. I don't like someone watching over my transactions. Read all that and think about Libra again, "Libra created by FACEBOOK".

Please read my other comments also on this post. We are not far. Why would you think I'm in bitcointalk? I see that this community doesn't take Libra seriously, that's the reason I'm posting this.

[squatter]

Our main devs decided Bitcoin should become digital "Store of Value", short of gold but in digits, instead of "A Peer-to-Peer Electronic Cash System" as stated on the title of the Whitepaper.
Facebook probably discovered that Bitcoin has difficulties in scaling so they made in no-time an answer to what the world exactly needs.

What do you think the world needs?
Digital gold or a fast and secure digital currency?

Why do you think Libra is "secure?" You think your payments on Libra are irreversible?

It's pretty hard to compete with free transactions. No decentralized system can offer that -- users either pay via transaction fees, inflation or demurrage. Otherwise there is no incentive for honest consensus.

So, Libra can offer you free transactions. That's great. But it comes at a cost:

• Your transactions can be reversed and your money can be frozen/confiscated.
• You need to complete KYC to transact on the network at all.
• Your transaction data will be sold to 3rd parties.

Even if we ignore the "digital gold" aspects, these seem like strong reasons to use Bitcoin for P2P payments rather than Libra.

[Pingip]

What do you think the world needs?

people need to have freedom, to have something decentralized like bitcoin.

Digital gold or a fast and secure digital currency?

as I said, people need decentralized things, bitcoin can be "digital gold" and can also be used as a means of payments, I do not see why people would use Libra if they can use Fiat to make purchases

I agree with this:

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

From my point of view the Bitcoin community seem to be stagnant, without any real targets set.

This is a big joke, you know this is not true.

What are the targets you want Bitcoin to have?

just google it

It can become a store of value but right now it is just a speculative investment. Thank you for the cointelegraph link, I haven't read that one.

shitcoin by shit man mr fuckerberg which know only to steal and copy cat others, and his startup facebook is shit compare to crypto space.

crypto is peer to peer tech and ask every e xpert in tech space he will tell you who try to fight with peer to peer tech will lose.

peer to peer file sharing was ban from e very country and the oldest tech in the space and still growing like a monster and bitcoin burn from peer to peer file sharing mixed with cryptography.

its speculative investment for uneducated people, the smart and experts know peer to peer will eat the entire system and facebook include, they know from where come peer to peer and what the power of it.

and dude facebook is stable coin the price will not grow, at last this you must know or you fucking in deep shit