What is the difference between Libra and Bitcoin?

[sabbirahmed 1]

Actually that amount is a cumulative one so the only correct information is that you will be receiving 1000 satosi for 1 comment and maximum you can have 30 comments only in a day.

[teminalibug 309]

1 hour ago, Ultimate001 said:

Bitcoin works off a fixed supply of coins created during its inception a decade ago, and its price is not tied to any aspect of the traditional financial system. Libra,, on the other hand, is backed by a basket of fiat currencies and will always have exactly as many coins as its corresponding fiat pool's value.

Does that makes Libra such a bad coin or makes it potentially good? considering most crypto coins are extremely volatile and sometimes not good for business.

[Beromnia 733]

Welcome with me
On your subject, the Libra coin appears to be good in many respects, offering excellent services, and superior to Bitcoin
In addition, it is backed by 28 companies around the world unlike Bitcoin

[Crypto123 0]

On 3/15/2020 at 11:33 AM, Smiling_killer said:

The thing that matters is exceptionally clear, Bitcoin is a decentralized advanced cash while libra is concentrated and furthermore libra will likewise be more steady than libra

Libra is centralized and bitcoin is not decentralized Yes, but it will be a fixed currency, this is not necessarily and no one can know anything about that. Especially since Libra encountered many problems even before they appeared.

[BTC Future 3946]

We still wait for Libra release but I already think that it will be a success at least for the usecase of the facebook marketplace. I think this will be an opportunity to participate without much cost involved for fees and I would definitely begin using it. Although to be honest I wouldn't want to use Libra outside of facebook, and also I would probably hate to sent my private data to facebook. I will probably just do the minimum only if there is a possible profit from this.

[teminalibug 309]

10 hours ago, arshavin1984 said:

I will explain briefly, the difference clear from the price. Because bitcoin has a volatile price, which means it can change drastically in a fast time. And for libra the price will always be stable at $ 1, because it is stable coins.

There was no telling that the price of Libra will be one dollar, only that it will be stable but no one knows at what price.

[Crypto123 0]

5 hours ago, Naca2 said:

You mean, we have to distinguish between coins that already exist, such as crypto kings and coins that will not be launched?
Of course bitcoin is a very popular coin and as the king of digital currencies, this coin is decentralized.
While libra coins do not yet exist, so you only wishful thinking.

It is true that the libra coin does not exist yet, but nevertheless she got a very big reputation because its owner is the well-known Facebook company which is considered one of the largest companies in the world, so it is expected that this coin will be very strong.

[Saboor 511]

The best simple way to express the difference between libra and bitcoin is by saying bitcoin is still alive and active while libra is dead and not even dormant

[Crypto123 0]

23 hours ago, Peter Urban said:

Libra has center - Facebook. And also that Libra is backed up by some fiat currencies, but Bitcoin is backed up by its self. I will never buy Libra, cause I will never believe that project like Mastercard or Paypal. But I believe in Bitcoin.

Me too, my friend, I don't like central and controllable coins from companies like Facebook or others, the first reason I liked bitcoin is because it is decentralized and nobody can control it.

[Ms.o 3322]

They are both cryptocurrency but bitcoin is very successful,trusted by many and popular while libra is still nothing and it has nothing to prove yet. So i cannot exactly know what will be their difference as libra havent released yet but based on them libra is centralized while bitcoin is decentralized.

Edited March 24, 2020 by Ms.o

[Rendra808 92]

Bitcoin and Libra are  very one of a kind currencies even if they have some similarities, but Libra has not been officially released, so it cannot be used at all, while it is released maybe in 2020 it'll be a virtual currency that may be used for purchases and trades on facebook, WhatsApp and other fb affiliate agency.

[Saboor 511]

On 3/24/2020 at 10:37 AM, Crypto123 said:

Me too, my friend, I don't like central and controllable coins from companies like Facebook or others, the first reason I liked bitcoin is because it is decentralized and nobody can control it.

Centralized coin is the best in cryptocurrency, they have a good development and many partnerships, so you don't need to underestimate Centralized coins

[Rendra808 92]

I suppose the important difference between Libra and Bitcoin is Centralized and Decentralised. also Bitcoin is so volatile and libra may be a solid forex. it truly is all.

[Saboor 511]

14 hours ago, Rendra808 said:

I suppose the important difference between Libra and Bitcoin is Centralized and Decentralised. also Bitcoin is so volatile and libra may be a solid forex. it truly is all.

We can't determine how libra will become after listing in the market, are we expecting it to be volatile or not, we don't know the fate of it's volatility, so it is something else not to he discussed

[iloveyobit 6599]

Thank you for denying all the advantages of boring explanation, simply Bitcoin is a decentralized currency supported by traders and simple people, while Libera is a central currency unlike Bitcoin.

[Saj555 2250]

Bitcoin is the most decentralised coin in the market and with a highest value. This coin is traded as the number one most traded currency and also it is the only coin that is known to all. Libra is on the other hand is a social media coin. The libra is actually introduced by the facebook. But the coin is not enough popular in the trading world. Libra has a way to much to go. 

[Crypto123 0]

7 minutes ago, paulpogba said:

Yeah mate you make really best post about distinguish between libra and btc. Libra is centralized coins and having under control of authority but btc is the decentralized coin having more popular than libra coin. 

Yes, the main difference between Bitcoin and the balance is that Bitcoin is decentralized and the balance is centralized, although Libra is a giant Facebook company, but it will not be something besides Bitcoin's great popularity around the world.

[Saboor 511]

5 hours ago, Bitcoin93 said:

While it is true that Libra will be a central currency, it will not make Bitcoin any more stable, especially if the Libra is the light to see after the major problems we saw before the Libra project started, but I don't think it will be a competitor to Bitcoin either.

I have pondered about it and I was able to finalize that libra will be a sort of stable coins which can't even be a competitor to bitcoin, bitcoin is totally decentralized while libra is centralized

[magd 5231]

Yes, this is true, but despite that, we find that bitcoin has not achieved by Libra. Bitcoin is the main address of the crypto market. I will agree on an important point. Libra is not encoding in my opinion. It is a digital currency because it is supported by companies that have links with the central market.

[deepown 0]

On 4/5/2020 at 9:50 AM, lovecrypto19 said:

The difference is very far and we have not seen libra as a whole, because libra has not been released. so I don't know much about the project. for bitcoin, of course we already know it.

It is not released but all that is to know about this coin is already mentioned and explained in the white paper.

Edited April 20, 2020 by deepown

[deepown 0]

23 hours ago, lovecrypto19 said:

What do you mean not released? if it will never be released, it looks like the release news has happened before. as many people know that libra will be released mid of this year.

mid of this year means form may to july, it is  already april and we have not heard any knews, this is clear that it is not even clear to them.

[Saboor 511]

17 hours ago, juma1 said:

Yes there is a difference between them and  the difference is really huge and we should understand that there is alot that is entirely involved in this whole process without any challenges at all times 

So what differences can you enumerate between them and thr challenges that each of them has for us. Awaiting your reply soon

[deepown 0]

12 hours ago, lovecrypto19 said:

It should have been that month, but as you said. It is indeed not clear at all related to the Libra project. So surely many people are confused and confused for the problem of release.

I have heard that Twitter wants to create a coins as well that would be centralized, but now i do not hear about it anymore.

[deepown 0]

1 hour ago, lovecrypto19 said:

For Twitter related, I've heard that too. But did not pay much attention to it, only often heard the Libra project debate.

Libra was very trending but it is not talked about anymore, all these projects seems to have been ghosted.

[teminalibug 309]

On 4/22/2020 at 8:14 AM, UT2001 said:

One other thing I would like to mention is that libra operates on its totally own block chain designed for libra where as bitcoin operates on its native block chain.

I do not entirely understand what you mean, what is native blockchain in that matter?