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Bitcoin was Facebook’s first choice says Abra's CEO

• aazaa 7y ago
  > Barhydt said that Facebook had considered all the options, including Bitcoin’s scaling solution, the Lighting Network. Would be interesting to know what it would take Facebook to reconsider Lightning. The technology has been advancing very rapidly since early 2018. > But while Barhydt admitted that Libra may currently be little more than a private database, he said Facebook had future plans to create something akin to a “scalable Bitcoin.” But “you can’t go fully permission-less out of the gate.” The question seems to be whether it will ultimately be easier to scale a censorship resistant system (Bitcoin) or make a fast centralized system censorship resistant. My money is on the former because groups generally cling to power even if it sends them over a cliff. If Facebook really cares more about empowering users than controlling users they'll be back with Bitcoin eventually.