Libra has brought the crypto-sector is again on the Agenda. Finally, the Facebook project found in almost all the major Newspapers and television programmes echo. For Bitcoin Libra is good news, because it legitimizes the attempt to separate money and state from each other. With Libra, the race for best money is likely to pick up further as a result of travel. At BTC, the Facebook will fail, to Coin however.
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22. June 2019BTC$11.066,00 13.32%part Facebook Twitter LinkedIn xing mail
Five reasons why Libra Bitcoin is.
1. Libra is a remote
to create Sufficient decentralization is non-trivial. One could argue that Bitcoin is currently the only truly decentralized crypto project in the world. Finally, most of the Altcoins foundations or companies that have a certain amount of overhang compared to the other network participants held behind the all.
beyond dispute, the centralized structure of the Libra Coins, however, is. Only 100 Validator Nodes there should be in accordance with the contents of the White Papers. For comparison, The Bitcoin network has to the editorial deadline of about 10,554 active Full Nodes.
2. Libra is not going to invest censorship-resistant
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The lack of decentralisation gives us then a number of sequelae. Above all, Libra is likely to be anything other than “permissionless”. Because of the centralized structure, governments have targets for regulatory intervention. You could commit to Facebook, for example, to lock at the request of authorities in certain Wallets in Libra.
Due to the economic sanctions against Iran, the Coin of the Persian Gulf is not likely to be available.
3. Monetary policy
On the concrete modalities of the Asset basket, the blankets, the value of Libra and stable to hold, not much is known. However, the cover suggests that through classical Assets like Fiat currencies, a direct dependence on Central banks. While bitcoin’s monetary policy is transparent and algorithmically, is Libras depend on the value that is important to the political decisions of the Central bankers. This is in diametrical contrast to the large Bitcoin Narrative as apolitical currency.
4. Libra is not a good store of Value
Furthermore, Bitcoin is proven to be almost. The Cap at 21 million Coins (of which an estimated four million are lost) in the source code of all Network participants to verify. Anyone investing in BTC, so white all the time how much percent of the BTC is the total supply in the own possession. This makes the crypto-currency no 1 to a good memory.
in contrast, the Facebook-Coin. Finally, the Coin is tied to Fiat currencies whose money is increased in quantity aware. Possible speculative gains, therefore, are not Bug, but Feature for Bitcoin.
5. Libra is not independent of
Should launch Libra successfully held Facebook the Status of a Central Bank. This gives the company a immense market power. He who believes in the idea of an independent and apolitical currency, and should therefore rely more on BTC.
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More on the topic:
G7 task force, founded in France, has crypto-The Pandora’s box: How Facebook’s Project Libra the Bitcoin Space changed French economy Minister Le Maire granted to Facebook-Coin rejection: “No sovereign currency”
