Kate 278 #1 Posted June 24 Libra is close to being released by closer i mean like around 8 months with all the technical things and all and it had become a huge hit amongst crypto enthusiasts and a lot of people have known about it. And the word thing is a friend of mine asked ne about Libra coin and i said yeah i know it and when i asked him about bitcoin he was like what is that ? And it struck to me could Libra actually like kill bitcoin because a person (the friend) who knows nothing about crypto knows about Libra and not bitcoin and i was thinking will Libra be a good competitor to bitcoin when it is released or nah ? What are your guys thoughts ? Share them ! Quote Share this post Link to post Share on other sites
williamsh 291 #2 Posted June 24 I don't see cryptos as competing against each other. For example, I don't see see USD and GBP competing. Some people own one or the other becasue of where they live, as an investment etc. I think the same applies to crypto. Quote Share this post Link to post Share on other sites
UltraChief 1,279 #3 Posted June 24 Centralized shitcoins cannot be compared to decentralized ones. Libra is backed by the mainstream conglomerates of the world and soon their users will become crazy about it forgetting that they are giving away their own privacy in the name of coins which are ultimately worthless. Quote Share this post Link to post Share on other sites
sheenlove 5 #4 Posted June 24 All I can see is if theres a free libra in a form of airdrop or any task like bounty people will take opportunity on it in able to collect libre to exchange or sell it in Bitcoin 😁😁 Quote Share this post Link to post Share on other sites
Kate 278 #5 Posted June 24 38 minutes ago, UltraChief said: Centralized shitcoins cannot be compared to decentralized ones. Libra is backed by the mainstream conglomerates of the world and soon their users will become crazy about it forgetting that they are giving away their own privacy in the name of coins which are ultimately worthless. Yeah true but look it at this way they are saying that many major companies will accept them as a form of payment on their site so that tips it on the side on Libra by a little. Quote Share this post Link to post Share on other sites
UltraChief 1,279 #6 Posted June 24 3 minutes ago, Kate said: Yeah true but look it at this way they are saying that many major companies will accept them as a form of payment on their site so that tips it on the side on Libra by a little. I have heard the same old story for every other shitcoin out there. End of the day all are the same. Everyone is ready to suck the money of investors. Paying off your own privacy is thing that people dont care about today or are least interested in. Quote Share this post Link to post Share on other sites
MrNice23 401 #7 Posted June 24 (edited) Well , i'm not sure that libra can compete with Bitcoin , they're not playing in the same category , libra is centralized and BTC is decentralized added to that crypto community want to keep their privacy , they don't trust much Facebook. However , Libra has many chances to become mainstream , so to create a huge exchange volume .... Edited June 24 by MrNice23 Quote Share this post Link to post Share on other sites
rembo2 263 #8 Posted June 24 To compete with Bitcoin is hardly. I think this is not the coin that can compete with Bitcoin. Bitcoin is too strong and is not going to give up their positions. It seems to me that they themselves spread these rumors. Quote Share this post Link to post Share on other sites
DreamStage 138 #9 Posted June 25 (edited) Well Doug Polk just made a video about a comparison on both currencies: Just check it out and let me know what you think He basically said the same things i said some days ago here on the Forum. Edited June 25 by DreamStage Quote Share this post Link to post Share on other sites
Dboyeric 243 #10 Posted June 26 Libra is centralized and it only threatened xrp or ripple, it has no effect on bitcoin. Quote Share this post Link to post Share on other sites
sheenaz.bay 398 #11 Posted July 1 The presence of "Libra" Cryptocurrency is a new competitor for Bitcoin. Libra money from Facebook will be stored in a "Calibra" Virtual wallet and can be used for transactions between fellow users, shopping online and offline. Unlike other crypto currencies, for Libra the value is pegged to a number of real assets. In contrast to Bitcoin and other cryptocurrency whose values fluctuate because there is no guarantee. Quote Share this post Link to post Share on other sites
Bimfo 128 #12 Posted July 1 Libra can never have anything on bitcoin. Libra will definitely be the opposite of bitcoin because of its creator and owner doesn't have any respect for privacy. He loves when he intrudes into people's privacy and uses the information he gets for his own benefits and monetary gain. Libra will be able to traced and tracked and it will be able to be controlled and all these is against the dream of Satoshi. It is the exact opposite of the dream of satoshi, so why would people want to accept that type of coin? And it will now make people use it than bitcoin? Quote Share this post Link to post Share on other sites
cryptonesiac 0 #13 Posted July 1 It all depends if Libra will be seen as a crypto and for example added to coinmarketcap... If so, it will automatically 'compete' and will be top 10 for sure. If it's seen as some sort of PayPal money, then probably not Quote Share this post Link to post Share on other sites
