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So... I’ve not had time to read the whole paper, but my initial impression is that this is not really worth consider as a “cryptocurrency” - instead, it’s a lim
by LyndsySimon 7y ago
So... I’ve not had time to read the whole paper, but my initial impression is that this is not really worth consider as a “cryptocurrency” - instead, it’s a limited application of “blockchain” to what amounts to a multi-party private currency.
That in and of itself isn’t a terrible thing necessarily, but I guess I’m failing to see the utility it provides.
OTOH, Facebook is big enough to push this into much larger adoption than existing cryptocurrencies have managed. If they do that, and if Libra is eventually opened enough that it can be traded on the open market without a “trusted” intermediary, then we might at least see the infrastructure, public acceptance, and public understanding of what cryptocurrencies are significantly improve. That could lead to a stronger ecosystem in general.
Personally, I’m trying to figure out if I can have an “account” that is truly anonymous. If so, then I’ll pay attention and study it more. If not... well, then I’ll ignore this unless and until that is possible.