Mitch Steves from RBC Capital Markets gives a great comparison between Libra and Bitcoin. The biggest difference is crypto being centralized and decentralized. If you already don’t trust Facebook with our personal data why give them more power over our money as well. Libra being centralized will have full power to stop a transaction and also they will need to approve new users to join their platform and in some countries, they are already banning Libra in India so the people of India will not be able to participate in these transactions. Now Bitcoin being decentralized transaction cannot be stopped by no one or government anyone can join the platform and regulations do not hinder anyone country to hold bitcoin.
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