Post
Topic
Board Altcoin Discussion
Re: Will Libra Coin bring Down Bitcoin's dominance
by
jajorforce
on 01/10/2019, 23:52:02 UTC
I would like to play devil's advocate
From this article I read
Quote
“Unlike the volatility seen around other cryptocurrency’s in the past, we believe that Libra’s focus on creating a stable, low inflation currency backed by a reserve or real assets is a differentiator. Further, unlike other stablecoins, Libra will not be pegged to one currency but instead a basket of assets ranging from bank deposits to short-term government securities.”
https://www.cnbc.com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.html

Will Libra Coin bring Down Bitcoin's dominance in the market, your thought?

This is not possible, Libra isn't much accepte yet. In USA already 9-14 percent people have idea about Libra coin. European some country doesn't support Libra coin especially French. Could be down dominance of Bitcoin, when Ethereum 2.0 will arrive and Libra coin will launch.