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Seems to be an excellent breakdown of how the Libra Association (of which Facebook is an equal among many) would control Libra, but not Facebook alone. I think
by bhupy 7y ago
Seems to be an excellent breakdown of how the Libra Association (of which Facebook is an equal among many) would control Libra, but not Facebook alone.
I think the strongest argument towards the latter is the long-run aggregation theory one re: Calibra owning the most Libra users, and not having to own the underlying Libra system itself.
- carleverett 7y agoCorrect, my issues with Libra's centralization has to do with the Association, not Facebook alone. I see what you're saying though where Calibra could itself be used used as leverage by Facebook.