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Given that Libra is not a real cryptocurrency (it requires trust), is this a way for them to plant FUD around bitcoin?

• codesushi42 7y ago
  >is not a real cryptocurrency (it requires trust) Trustless is not a requirement for a cryptocurrency. PoS requires trust, but still would be a viable consensus mechanism for a cryptocurrency.
  • foota 7y ago
    How does PoS require trust?
  • davidnoble12 7y ago
    eh. This is an oversimplification. I dislike the concept of trustless anyhow. It seems to be misunderstood and misused. Libra is not censorship resistant. This is the major problem with Facebook controlling a large swath of corpokleptocurrency.
    • codesushi42 7y ago
      Agreed on both points. The oversimplification was intentional, PoS is mostly theoretical right now. Regardless, Libra still qualifies as a cryptocurrency, even if it's not trustless.
  • magnamerc 7y ago
    delegated PoS requires trust. Pure PoS does not, which is analogous to PoW mining.