The difference between bitcoin and Facebook's Libra

The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years.

"Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history," said Spencer Bogart, of Blockchain Capital to CNBC over email.Bogart explains that Libra is a medium-of-exchange where users can send money and house transactions. Bitcoin, while it attempted to became a platform for facilitating transactions, has been regarded as more of an investment and store-of-value.

"There's [a] good opportunity to get a lot of adoption…whereas bitcoin was a grass roots experiment that is still in development," said Michael Graham, analyst at Canaccord Genuity to CNBC. Libra's low fee transaction should incentivize customers to use the token to send money, analysts said. Bitcoin, on the other hand, got more expensive and slower in conducting transactions.

"Libra is meant to be built from the ground up to be fast and inexpensive to transact with…huge difference because it still costs a lot to trade bitcoin, said Graham.Since bitcoin is not owned or governed by any central party and lives on a decentralized network, it is vulnerable to bring price swings."Libra is a stable coin, backed by a basket of currencies and debt securities. Bitcoin is a hypervolatile crypto-currency," said Tom Lee of Fundstrat Global Advisors to CNBC.

The other one is centralized( Facebook's board of directors) while the other is still hodLing it's own

Libra is a fantastic idea for FB

one is a bankster coin, the other one is censorship resistant. The propaganda is reaching new levels LMAO

END OF BITCOIN ERA ! LIKE INTERNET IN 90 S !! OLEEE BYE BYE TETHER MANIPULATION !!

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