Quote from: Haunebu on September 23, 2019, 06:23:29 AM

I disagree. When Libra was officially announced, the whole world noticed and it was all over the news and it obviously has a direct relation with BTC. BTC too had a high chance of failing initially, until it took off later on which is why Libra could become a strong contender to BTC in the future.

Only the idea was published, do you know how complex it is to launch such a project? It is completely unrealistic to expect that FB can get all the necessary licenses to run its own currency, and US policy made it clear that it would defend the dollar at all costs. If Libra does not get the green light in US, we can say very clearly that this is a failed project. Libra and Bitcoin never had anything in common, direct relation some people see is only the result of their ignorance.

Your opinion that something which does not exist at all ( and maybe it never will) can become serious competition to Bitcoin is at the very least ridiculous. How any stable coin pegged with fiat currency can be competition to Bitcoin which is a decentralized cryptocurrency?

Quote from: The Pharmacist on September 22, 2019, 06:42:04 PM

I don't know if bitcoin is actually going to change hands or if it's all going to be done through derivatives.

Bakkt is about Bitcoin futures that are physically deliverable, and that means that the payments will be made in Bitcoins. But it seems that they had filled their bags long before, so the effect of the launch itself means nothing in terms of price.

https://www.cnbc.com/2019/09/23/nyse-owner-ice-launches-deliverable-bitcoin-futures-contracts.html