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Here is the important thing to understand about the Libra Association: while its members — who again, are the validators — do control the Libra protocol, Facebo
by jshowa3 7y ago
Here is the important thing to understand about the Libra Association: 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.
But Facebook does control Libra just by virtue of providing infrastructure. They're also part of the consortium. So again, why is the author trying to make it seem like Facebook has no control?
- bongobongo 7y agoIt's a kind of mind-trick that only occurs in articles and white papers about cryptocurrencies and blockchain technologies. I've noticed that they often end up proposing a distributed private shared database controlled by a corporate cartel and call it "freedom."