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Pretty interesting. It's good to see a deeper analysis of this. This part though: > ...while its members — who again, are the validators — do control the Libr
by jmull 7y ago
Pretty interesting. It's good to see a deeper analysis of this.
This part though:
> ...while its members — who again, are the validators — do control the Libra protocol, Facebook does not control the validators. Which, by extension, means that Facebook will not control Libra.
That's true, but from my point of view, that distinction isn't too important.
In either case, there are a relatively very small number of individuals who control Libra in an opaque way.
By spreading the control out a little, I think it reduces short-sighted and single-perspective thinking, which is good, but it's still going to be run in a self-interested way for the handful of companies that control it and the executives that control those companies.