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But why would Libra increase rather than decrease interest in Bitcoin? Is there any actual rationale?
by msamwald 7y ago
But why would Libra increase rather than decrease interest in Bitcoin? Is there any actual rationale?
- mskvsk 7y agoBecause Libra is going to attract more people into the crypto industry and it doesn't compete with Bitcoin but rather complement it.
- lpasselin 7y agoI don't think it is linked to Libra. The price if Bitcoin has been slowly rising for a while now. During the last 3 months, when my stocks are red, Bitcoin is green.
- roboys 7y agoLibra is better than the dollar but still not as censorship-resistant as Bitcoin. Regulation in Libra will eventually push people to Bitcoin, or atleast that is the expectation.
- Lewton 7y agoBitcoin doubled in price in a month, before Libra was announced. Libra has nothing to do with the current rise. But because the media works the way it does, Libra will be used as an excuse to lure people in and thus ending up actually affecting the price Long term libra will be bad for bitcoin if it actually catches on imo
- vvpan 7y agoEverybody probably has their own opinion on this but it doesn't seem like Libra is in competition with Bitcoin (since it doesn't seem like payments is what keeps BTC going), but legitimizes the idea of crypto-currencies in general.
- atmosx 7y agoNo, but I always find funny that geeks are so excited about the technology behind bitcoin but at the same time remain largely clueless about what currencies are, why so they exist, what is the role of a central bank, how currency adoption works, etc.
- keiru 7y agoI'm not saying it's the reason for the current situation, but I can see Libra in the near future giving some credibility to the concept of crypto in general. What could get something out of the fringe faster than Facebook's endorsement?