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Facebook reveals its cryptocurrency Libra

decrypt.co

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Re: Facebook reveals its cryptocurrency Libra

#12

Post by ilaksh »

It says testnet only until early 2020. Coincidentally, Ethereum recently announced Ethereum 2.0 releasing in early 2020.

I consider Libra Coin an effort to cash in on the cryptocurrency hype with a type of bank, before real cryptocurrencies can scale and become mainstream and therefore block such an effort.

So I see it as a moral imperative for developers to try to kill the project. The fact that they are making it open source could help in that regard.

Re: Facebook reveals its cryptocurrency Libra

#15

Post by VMG »

buboard wrote: post #8
VMG wrote: post #3

can anyone tell me if people in Iran can use it? this doesn't really answer my question: https://libra.org/en-US/security-privacy/#overview > Working with Law Enforcement > As with any currency or financial infrastructure, bad actors will try to exploit the Libra network. While the network is open and accessible to everyone with internet access, the network's main endpoints will need to follow applicable laws and reg…

It's based in Switzerland. So maybe yes?

So is Libra following Swiss law?

Does US law not apply to Libra?

Can Facebook still be associated with it then?

Re: Facebook reveals its cryptocurrency Libra

#16

Post by prepend »

“Moreover, Marcus insisted that the $10 million buy in would not grant validators exclusive access to users’ transactional data.“

So they don’t get exclusive data. That’s an odd statement, it just means that data can be sold to others as well.

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