i need an advice from the bitcoin-millionaires here
what about your bitcoins when libra is getting started? long or short?
i need an advice from the bitcoin-millionaires here
what about your bitcoins when libra is getting started? long or short?
Bitcoin is the gold of cryptocurrencies. Or perhaps more something like a gold-backed reserve currency for the whole cryptocurrency ecosystem. I haven’t checked out the technological specs of Libra, so I can’t say much about that. Cryptocurrencies have the big advantage that you don’t need to trust big governments or big corporations. Having a cryptocurrency effectively issued by a big corporation kinda undermines that advantage. I don’t trust Facebook very much. They have too much power and have shown that they are eager to abuse it.
If you are talking about comparing these two cryptocurrencies. From the point of view of anonymity and decentralization, Bitcoin is much better than libra. I advise you to read a review about stable cryptocurrencies in the world.
i wonder if the actual corona situation is favorable to libra?