Kariuki Posted April 20, 2020 #1 Posted April 20, 2020 Bitcoin and Libra are two very different crypto, this is according to me. Libra is the kind of a rich kid, while bitcoin is the self made, the guy who hustled, tried a 1000 times and made it, this is the reason why bitcoin must not play the kid who had its stuff stolen, it must work hard to be better. How ever Libra is better in all ways and when you look at the point at which bitcoin has been able to succeed, its to convince people that block chain is something fresh and we should use it, but Libra on the other had has made it better, " Look.bitcoin is great but expensive and slow, and everybody cannot access it". so Libra comes out as a better version of crypto . what really scares every other , even the traditional financial institution is the backing of Libra, Libra has about 2.5 Billion people backing it, I mean the idea of Libra is to have it integrated to every Facebook account and when that happens, am sure everybody will just accept it . And this is what scares so many people because then it would really be miles ahead as compared to any other, and the fiat nation might also feel scooped off their market. Thats the reason why most organizations are leaving the libra project. I believe Libras luck is Facebook and that is what it should hold on the negotiation table. Tell everyone, I have this , am gonna use it and its better you join me or it might affect you.
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