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> The "crypto" part seems like an implementation detail but otherwise irrelevant. Nail on the head. The innovation with cryptocurrencies is decentralized byza
by lawn 7y ago
> The "crypto" part seems like an implementation detail but otherwise irrelevant.
Nail on the head.
The innovation with cryptocurrencies is decentralized byzantine fault tolerance, using unknown actors. Libra is based on BFT where all parties are known, which has been a solved problem way before Bitcoin. The "crypto" part is irrelevant.
- ineedasername 7y agoYeah, there's no reason they need crypto to offer some type of scrip that is backed by a basket of currencies in the same way... what does crypto really add to this situation? Blockchain transparency? Frankly I don't want all of my transactions transparently available.