after I saw the video about a little difference from these two types of crypto.
Libra :
1. dollar digital
2. using Whatsapp
3. transactions of goods and services are more priority on facebook
4. verification by consortium members.
Bitcoin:
1. digital gold
2. without special short message applications
3. without a third party verification process.
and if you all have other analysis, please share your knowledge here about Libra and Bitcoin.
I will prepare capital to buy Libra in 2020.
Digital dollar would be one the many dollar pegged altcoins, such as Tether. Libra is "backed" by a group of fiat coins, not just USD, so digital dollar it isn't. Maybe digital "something" resembling that group of coins if there was one (if you believe their promise, which i don't).
Whatsapp is garbage, who cares? Even Telegram has a higher chance with their coin, or Line in Japan; KakaoTalk in Korea, Wechat in China. Worldwide whatsapp is lagging behind many others. Wechat alone probably has the most users worldwide anyway, even if we never use it here.
So Facebook wants to become ebay? Good luck... I doubt it has anything to do with what it was intended for.
Consortium members?, the two or three guys willing to spend 12million to run a node?... I wonder how many will even bother. Few nodes, means weak, weak means it will go down often, and if the code is subpar (which probably is) even worse things may happen. I expect hacking and reversals, giant no-no.
Finally its an US company, subject to US laws, including the infamous NSA. That's assuming he can
somehow overcome congress opposition to it.