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.
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
