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Facebook reveals its cryptocurrency Libra

decrypt.co

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Re: Facebook reveals its cryptocurrency Libra

#83

Post by lukevdp »

ilaksh wrote: post #12

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 o…

What makes a cryptocurrency “real”?

Re: Facebook reveals its cryptocurrency Libra

#84

Post by ymolodtsov »

muratgozel wrote: post #51

"it will be backed by a collection of low-volatility assets, such as bank deposits and short-term government securities in currencies from stable and reputable central banks." from the whitepaper: https://libra.org/en-US/white-paper/#the-libra-currency-and-... It's like one to one copy of the traditional monetary system with speed of transactions improved. The volatility of low-volatile assets still contradictive in…

They replace the incumbents in the industry by providing a faster and more consumer-friendly solution.

Re: Facebook reveals its cryptocurrency Libra

#85

Post by imw »

Kiro wrote: post #72
imw wrote: post #37

Earlier quoted context omitted.

There's a lot of interesting physics in building thermonuclear weapons. Doesn't mean you should do it. Your talents could be used to help the world. Instead, they are being used to enclose common spaces and pull apart the fabric of society. Get a better job?

I can't believe the amount of "you are a horrible human being for working at Facebook" comments I keep seeing as soon as someone says they are working there. HN is great because you normally get comments straight from the source, but I'm worried we will inevitably shame Facebook employees into not posting here at all.

To be clear, I don't think parent commenter is a horrible person. I think they are misapplying their talents and hurting society.

I do understand your concern. Dialog is critical. But dialog only seems worthwhile if it is honest and open.

Re: Facebook reveals its cryptocurrency Libra

#86

Post by ymolodtsov »

imw wrote: post #37
baby wrote: post #21

I'm biased as I'm working on this project. But I'm super happy it's finally out there :) There's a lot of really cool cryptography and tech on this project and there's still a lot for people to discover!

There's a lot of interesting physics in building thermonuclear weapons. Doesn't mean you should do it. Your talents could be used to help the world. Instead, they are being used to enclose common spaces and pull apart the fabric of society. Get a better job?

"pull apart the fabric of society” The fact that you made yourself believe this doesn’t make it true.

Re: Facebook reveals its cryptocurrency Libra

#89

Post by b3lvedere »

imw wrote: post #37
baby wrote: post #21

I'm biased as I'm working on this project. But I'm super happy it's finally out there :) There's a lot of really cool cryptography and tech on this project and there's still a lot for people to discover!

There's a lot of interesting physics in building thermonuclear weapons. Doesn't mean you should do it. Your talents could be used to help the world. Instead, they are being used to enclose common spaces and pull apart the fabric of society. Get a better job?

So hire her/him.
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