4 ms·

It's a nice marketing twist, Libra but not managed by Facebook. Not sure that will be enough though. Looming at the repo this is implemented in Rust, along wit

It's a nice marketing twist, Libra but not managed by Facebook. Not sure that will be enough though. Looming at the repo this is implemented in Rust, along with Libra itself. Nice to see Rust being used on a big oroject like this.

cameronbrown 7y ago
Facebook's implementation of Libra used Rust too.
- StreamBright 7y ago
  Factually correct. not sure why this is being downvoted. https://github.com/libra/libra/blob/master/Cargo.toml https://github.com/libra/libra/blob/master/Cargo.toml
  - mkl 7y ago
    > Looming at the repo this is implemented in Rust, along with Libra itself. It seems to be just repeating something from the comment it's a reply to (though it is worded unusually, so I may have misunderstood in the opposite direction).
jimmaswell 7y ago
A misleading one because Libra is not managed by any one entity.
nordsieck 7y ago
> It's a nice marketing twist, Libra but not managed by Facebook. It's not possible to do Libra (or any other pegged currency) without really, really deep pockets. This will be DOA if it gets any traction at all.
- 1ba9115454 7y ago
  I didn't realise it was pegged. So agreed without deep pockets it will be difficult.
  - nordsieck 7y ago
    > I didn't realise it was pegged. So agreed without deep pockets it will be difficult. I did a bit of research just to make sure I wasn't mis-remembering > Libra would operate as a stablecoin. That means its value would be pegged to a basket of specific currencies and backed by assets denominated in those currencies. [1] I'm sure FB has good employees, but so did the Bank of England. [2] I just don't understand decisions like this. ___ 1. https://www.barrons.com/articles/facebook-libra-currency-will-be-tied-to-the-us-dollar-51569265722 https://www.barrons.com/articles/facebook-libra-currency-wil... 2. https://www.thebalance.com/black-wednesday-george-soros-bet-against-britain-1978944 https://www.thebalance.com/black-wednesday-george-soros-bet-...
    - eru 7y ago
      Libra is pretty vague about how they would peg. What's the connection to the GBP supposed to show? You can uphold a peg given the right setup, the pound just didn't have that. (And in this case, the British economy was better off with a cheaper pound.) Eg balances in my bank account are very successfully pegged to cash. Similar the HKD has been pegged to the USD without much issue for a few decades now.
est31 7y ago
Rust is really big in the cryptocurrency space. It stated with parity and then spread to many others.

cameronbrown 7y ago

Facebook's implementation of Libra used Rust too.

StreamBright 7y ago
Factually correct. not sure why this is being downvoted. https://github.com/libra/libra/blob/master/Cargo.toml https://github.com/libra/libra/blob/master/Cargo.toml
- mkl 7y ago
  > Looming at the repo this is implemented in Rust, along with Libra itself. It seems to be just repeating something from the comment it's a reply to (though it is worded unusually, so I may have misunderstood in the opposite direction).

jimmaswell 7y ago

A misleading one because Libra is not managed by any one entity.

nordsieck 7y ago

> It's a nice marketing twist, Libra but not managed by Facebook. It's not possible to do Libra (or any other pegged currency) without really, really deep pockets. This will be DOA if it gets any traction at all.

1ba9115454 7y ago
I didn't realise it was pegged. So agreed without deep pockets it will be difficult.
- nordsieck 7y ago
  > I didn't realise it was pegged. So agreed without deep pockets it will be difficult. I did a bit of research just to make sure I wasn't mis-remembering > Libra would operate as a stablecoin. That means its value would be pegged to a basket of specific currencies and backed by assets denominated in those currencies. [1] I'm sure FB has good employees, but so did the Bank of England. [2] I just don't understand decisions like this. ___ 1. https://www.barrons.com/articles/facebook-libra-currency-will-be-tied-to-the-us-dollar-51569265722 https://www.barrons.com/articles/facebook-libra-currency-wil... 2. https://www.thebalance.com/black-wednesday-george-soros-bet-against-britain-1978944 https://www.thebalance.com/black-wednesday-george-soros-bet-...
  - eru 7y ago
    Libra is pretty vague about how they would peg. What's the connection to the GBP supposed to show? You can uphold a peg given the right setup, the pound just didn't have that. (And in this case, the British economy was better off with a cheaper pound.) Eg balances in my bank account are very successfully pegged to cash. Similar the HKD has been pegged to the USD without much issue for a few decades now.

est31 7y ago

Rust is really big in the cryptocurrency space. It stated with parity and then spread to many others.