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Unless this whole project is one big conspiracy, I don't see how this is true. Libra will be governed by at least a couple of dozen big corporations, some of wh
by mrfenk 7y ago
Unless this whole project is one big conspiracy, I don't see how this is true.
Libra will be governed by at least a couple of dozen big corporations, some of which are in direct conflict with FB's agenda. FB will have to convince 67% of the nodes to make any non standard action and keep it a secret. That's a huge business risk.
And from my reading of the white paper I don't see how you can actually block an address from submitting or receiving transactions. Am I missing something?
- deleted 7y ago[deleted]
- drcode 7y agoIn the first release for 2020, it sounds like #corporatecoin will just be centrally run by one entity funded by FB- They "promise" in future versions to open it up to the full consortium.
- rphlx 7y agoThat may be the protocol at launch but the protocol can always be changed/hardforked, including (as an extreme example) to just centralize the system into VISA/MC style db at FB after achieving wide adoption. AFAICT power ultimately rests with whoever can modify the most widely-used consumer SW implementation, which would probably be FB here. Though Apple and Google may have considerable veto power over updates pushed through their app stores, iff FB makes this primarily a cell phone app instead of a web app.