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Title: [2020-04-25] Facebook’s Libra Has Changed... Post by: snipie on April 26, 2020, 01:37:11 PM Facebook’s Libra has changed. Having been roundly criticized after its unveiling in June 2019, it has now updated its white paper in a bid to placate regulators and governments.
Most notably, the new look Libra gets rid of any intention to move to a permissionless ledger. It also introduces a range of stablecoins pegged to single national fiat currencies, in addition to the multi-pegged Libra stablecoin itself... https://cryptonews.com/exclusives/facebook-s-libra-has-changed-but-it-still-might-be-a-win-for-6394.htm (https://cryptonews.com/exclusives/facebook-s-libra-has-changed-but-it-still-might-be-a-win-for-6394.htm) The most important points discussed imo are: KYC multi-pegged single stablecoin –> lots of single-peg stablecoins = digital dollar/euro/sterling... permissionless, open system —> private, permissioned database Personally I think Libra will attract more people to cryptocurrencies, it will be a serious competitor to stablecoins and may destroy it but for Bitcoin it may affect it a little in the first months but I think the number of adopter will increase once they start discovering the crypto world! Title: Re: [2020-04-25] Facebook’s Libra Has Changed... Post by: Vishnu.Reang on April 26, 2020, 01:58:57 PM LOL... I am hearing about Libra after such a long time. Anyway good for Zucker. Despite all the dirt thrown upon him by the Senate committee, he didn't shelved the project. But with the new KYC requirements and such, I am afraid that Libra has hardly anything to do with cryptocurrency. It has now become a digital version of fiat currency, similar to PayPal or Skrill.
Title: Re: [2020-04-25] Facebook’s Libra Has Changed... Post by: snipie on April 26, 2020, 02:36:54 PM LOL... I am hearing about Libra after such a long time. Anyway good for Zucker. Despite all the dirt thrown upon him by the Senate committee, he didn't shelved the project. But with the new KYC requirements and such, I am afraid that Libra has hardly anything to do with cryptocurrency. It has now become a digital version of fiat currency, similar to PayPal or Skrill. Yeah that Libra thing draw too much attention and kind of drama lolI feel like Zuckerberg is trying to become the head of the world treasury bank with such step :P |