New Libra Fork - OpenLibra - how does it sounds?

[Patrix_1]

Libra in general is very important for the whole industry. It will bring a lot of new audience to the crypto world, but I hardly believe that Libra will be a very popular payment system, because it is still centralised and controlled by Facebook.

[magneto]

I find it hard to imagine how this is going to work.

There is going to be a joint project involving 30 odd companies and somehow they have to keep the peg of this stablecoin perfectly to USD - all without a central party? It doesn't make any sense. There has to be some sort of central point here or there that is not mentioned.

It doesn't sound that intriguing, tbh. It might even be that they're just using Libra's name to create another reincarnation of the same old stablecoin.

[minairia3]

New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control

Thirty different blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra crypto project to build their own permissionless version, dubbed OpenLibra.

i read it on CoinDesk

what do you guys think about it??

i think that libra is an important project cuz it will bring a lot of new users into the space
and open libra is a good alternative for those (like me) who dont trust facebook at all
and i think that OpenLibra will face less problems with the LAW and SEC, since it has completely different business model..

What will be the difference of it, on other project? I like to emphasize that what Facebook Libra building could not be trusted by many since it involves accounts and vital security which we know Facebook is not good on keeping secret. I doubt there could be another incident like before, and now in crypto? Very risky.

[enhu]

I find it hard to imagine how this is going to work.

There is going to be a joint project involving 30 odd companies and somehow they have to keep the peg of this stablecoin perfectly to USD - all without a central party? It doesn't make any sense. There has to be some sort of central point here or there that is not mentioned.

It doesn't sound that intriguing, tbh. It might even be that they're just using Libra's name to create another reincarnation of the same old stablecoin.

I would however think the partners of Libra might just also join this fork if they get benefits through this fork. Making it popular will be difficult for them though, its facebook userbase is just too important factor for the partners.

The team behind Openlibra got funds from their investors to which this isn't the first project they propose. The issue that SEC could initiate for this project to be stopped will be another Gram situation because they got their fundings thru the Wireline proposal.

[alphaboon]

Paypal has gone, so has VISA and Mastercard.   I considered Libra a dead project, no use forking out of a dead project which cannot even start at all.  There are so many other projects more worthy and more active to be implemented than Libra.

[ivaf]

And I think that all these are rumors. Too much hype around a project that is not even known whether it will be launched (Libra). And the launch of some fork of an unreleased project (Open Libra). All this looks like ordinary fake news.

[Google+]

to be honest i have not been tretter with libra because i saw libra some time ago get a strong rejection of various platforms which in my opinion can influence the price of libra at the exchange place, i just see first how the development of libra, if it's good then i will go in and participate in trading on coin libra.

[Perfect35]

Libra itself is still looking forward to be lunched and the whitepaper is out. If it eventually launches and it is able, despite all odds, to gain the support it desires, then the fork by others might fail. Those who are trying to create the fork are only doing everything possible to use the popularity of Libra coin from Facebook, to rise up and gain the audience needed. Although, I might be wrong, I want this to be disproved.

[gunhell16]

I don't like LIBRA and therefore i have no interest in having this FORK or OPENLIBRA.
They might be worse than the other project they are competiting in now. they are just riding the hype and popularity of another project.
Worthless and not good!

[henmark]

It is insane to be planning a fork for a project that we are yet unsure if it will be successfully launched or not with all these issues that they are having with different government of the world, and even if there is going to be Libra coin, at least they should wait and see the performance of it first because to me, I don’t listen to all these hype again.

Most of these hype we are carrying about Libra coin might eventually come now and will amount to nothing, so it is better we do not even talk about the fork of Libra coin yet because Libra itself will be a shit coin, and you can now imagine the type of coin that will come from a shit coin like Facebook. I call it a misplaced priority. Better things to attend to than all these Libra shit project that will not make wave.