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What is the difference between Libra and Bitcoin?

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8 hours ago, lovecrypto19 said:

Previously it was much talked about, but over time. indeed there are no more people who talk about it, do not know for sure for the problems that occur in this libra.

The problems are known, it is the governments that does not want LIBRA, some even see it as a bigger threat than bitcoin even though it is centralized.

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Thank you for sharing this information my friend it is very essential to understand about Libra and this is a great information that you have shared in this forum and I don't think that Libra will be launched

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13 hours ago, Sty1e said:

for me as a trader, the difference is that bitcoin is a famous top 1 coin that has the ability to grow,and gives a good income,and Libra is the ability of Facebook to occupy a free niche among the first and make an internal social crypto coin that does not have any meaning,such a coin is doomed to failure

Your words are true, Libra, even if it is owned by a famous company like Facebook but has major problems to overcome, many Facebook partners withdrew from the project even before its inception, including famous companies.

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On 4/20/2020 at 6:20 PM, deepown said:

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

True, libra has not yet been launched. Bitcoin and Libra are both cryptocurrencies. But Bitcoin is decentralized. Significant difference. Libra is XRP wannabe.

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3 hours ago, CrimBit2020 said:

Libra is not yet a coin, facebook want to create it to be used on facebook platform but it is a dangerous coin that many supported have moved away from. Not like the world helping bitcoin. 

Why do people and these companies thinks that Libra is a dangerous, what kind of threats does it present?

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18 hours ago, Nakamoto said:

True, libra has not yet been launched. Bitcoin and Libra are both cryptocurrencies. But Bitcoin is decentralized. Significant difference. Libra is XRP wannabe.

OMG! i hate centralized coins, is USDT/Tether centralized too? because it is one of the most important coins and it would such if it is centralized too.

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5 hours ago, deepown said:

OMG! i hate centralized coins, is USDT/Tether centralized too? because it is one of the most important coins and it would such if it is centralized too.

I guess USDT among the centralized ones. Because they can do whatever they like to the coin. The reason is to stabilize the price. I don't like it also because the coin is stable.

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6 hours ago, Nakamoto said:

I guess USDT among the centralized ones. Because they can do whatever they like to the coin. The reason is to stabilize the price. I don't like it also because the coin is stable.

We need  stable coins sometimes though, they are very important, i just hope there will ever be made a decentralized ome.

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On 4/26/2020 at 10:44 AM, deepown said:

We need  stable coins sometimes though, they are very important, i just hope there will ever be made a decentralized ome.

I find it difficult to create a decentralized stable coin. Or maybe you have an idea? Tell us a little how-to make the stable prices without controlling it?

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On 4/26/2020 at 3:01 PM, Summi said:

Yes it will be control that is the main problem and that is why they are stopping the launched of the coin.

Where did you see they stop launching it? I guess they have good hype for people around the world. When people type search about crypto they will see bitcoin on the first page.

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On 4/28/2020 at 1:44 PM, Summi said:

Am taking about Libra, there is no information about it and therefore assume that the launched is been stopped for the moment.

I'm talking about libra also what else? do you think bitcoin is not been launched yet lol? I guess you are not subscribed to their channel. The latest commit on their Github is 4 hours ago.

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On 4/28/2020 at 6:19 PM, deepown said:

I'm not a programmer but i think that it is possible because we already have decentralized stable coins such as terra, EOSDT, GEMINI dollar and many more.

You don't have to be a programmer to have an idea. I just know these coins from you. I will check them. Are you sure they are decentralized?

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On 4/30/2020 at 12:36 PM, deepown said:

Yes i'm pretty sure, you can read their white paper to verify that they are decentralized stablecoins, i was not sure myself.

I will read and watch them later. There are plenty of times to do that because BTC market is more interesting now.

Edited by Nakamoto
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On 4/30/2020 at 11:14 AM, Summi said:

But that was not the news to the people as the people doesn't know what Libra is going through for now.

If you subscribed to their channel then you will know the latest news. This is how you get news without having to search for the news. This valid for other projects also.

 

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On 4/25/2020 at 6:26 PM, deepown said:

OMG! i hate centralized coins, is USDT/Tether centralized too? because it is one of the most important coins and it would such if it is centralized too.

About everyone in crypto hates those centralized coins but there is no direct harm in investing on them, so they just use them we all use them.

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12 hours ago, deepown said:

Like you sid the harm is an indirect one and we would see all the negativity in the future, people can't listen to us, they need someone stronger to tell them the effects of using these centralized coins.

But then dude what are we saying here that crypto will end up been centralized the most part of it? because that is what i see we are agreeing on.

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On 5/6/2020 at 8:28 PM, Summi said:

Okay I will look up for their communication channel so that whatever I need I know it might be available to me on the platform hopefully.

Great. I hope you won't miss any news anymore, especially from the one that you have invested with your precious time and money.

 

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Well thanks for starting the topics and informing about but you should know that the libra project is facing so much problem and Facebook isn't really concerned about it and that's why I don't expect many things from the libra.


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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10 hours ago, Ridam said:

Well thanks for starting the topics and informing about but you should know that the libra project is facing so much problem and Facebook isn't really concerned about it and that's why I don't expect many things from the libra.

I lost hop too but reading the recent news seems like there is more hope in this coin than you ever imagined i heard about  a technical update and also i heard about they getting a new investments, i do not know the specifics but that much i know.

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On 4/28/2020 at 3:35 AM, Nakamoto said:

Where did you see they stop launching it? I guess they have good hype for people around the world. When people type search about crypto they will see bitcoin on the first page.

The launch of Libra Was planned for a long time, and test trials should have taken place a long time ago, but they were launched only in November 2019, no one stopped launching Libra.

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There are so many difference between this two coin.While the price of bitcoin is changing greatly everyday,libra is acting like a stable coin.We all know Bitcoin is a decentralized coin but libra isn't.

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7 hours ago, MCSGlegend said:

The launch of Libra Was planned for a long time, and test trials should have taken place a long time ago, but they were launched only in November 2019, no one stopped launching Libra.

The planning was long because the SEC did not allow the Library to be legalized as a coin that will be used on facebook platform and because many supporters left the project because they see it so dangerous in future as it will actually affect banks severely. Libra is not a good project. 

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9 hours ago, MCSGlegend said:

The launch of Libra Was planned for a long time, and test trials should have taken place a long time ago, but they were launched only in November 2019, no one stopped launching Libra.

There are no data on CMC concerning Libra no volume no price nothing, just the name, so how can it have been launched that long ago without anything been going on about it.

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3 hours ago, Jami273 said:

There are so many difference between this two coin.While the price of bitcoin is changing greatly everyday,libra is acting like a stable coin.We all know Bitcoin is a decentralized coin but libra isn't.

Even though they have those differences, they are not so difference, they way libra works is more like bitcoin works with a blockchain even though it is stable and centralized.

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I really wish that the libra could be released but with the setbacks and disagreement between some works bodies if it's actually release, publicity and usage,as coin which basically have so many functions as it's implementation of it being used as coin on payments in places like Uber, or maybe Uber eats

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