Post
Topic
Board Altcoin Discussion
Re: Will Libra Coin bring Down Bitcoin's dominance
by
owengtam09
on 03/10/2019, 06:28:24 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?

Facebook is powerful in terms of social media. They have the advantage to advertise their coin libra but I don't think it will take down bitcoin dominance market because, in my opinion, they are still relying on bitcoin because of bitcoin still the mother of all coins in cryptocurrencies.