|
Title: [news] Calibra executive: Why Facebook's Libra needs a blockchain Post by: bbc.reporter on September 17, 2019, 02:06:54 AM Can anyone tell me how Facebook's Libra blockchain is not controlled by a single entity without mining? The skeptical me is speculating that Calibra COO Tomer Barel might be adviced by some of the cryptospace's old altcoin scammers hehehe.
https://core0.staticworld.net/images/idge/imported/article/ctw/2014/05/08/apple_and_wearable_computing-_its_the_software_stupid-100388743-orig.png Why does Facebook need a new cryptocurrency when it could have used traditional payment networks? asked interviewer Ouriel Ohayon, CEO of ZenGo, a crypto wallet that is building on Libra. Barel said that fiat money is broken and "that for a currency to be successful, it cannot be controlled by a single entity. This is what blockchain brings us.” He added that it also needs to be transparent and, crucially, secure—which, he said, are features of a blockchain. Read in full https://decrypt.co/9257/calibra-executive-facebook-libra-blockchain |
