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Libra is not a cryptocurrency. It's a centralized payment processor owned by a group of banks. It's no different from any other company store scrip.

• Assossa 6y ago
  Depends on your definition of a cryptocurrency. Libra is a blockchain distributed across multiple separate entities. That fits the definition of a cryptocurrency for most people. If your definition of a cryptocurrency requires community control, then no, it's not a cryptocurrency.
  • jki275 6y ago
    It's a distributed ledger "distributed" among a permission group of owners. The real test is if you can just replace it with a database is it still relevant? In this case, you change nothing by just removing the "blockchain" and replacing it with a database server. Same thing with XRP, it's not distributed consensus in any meaningful way and thus is not a cryptocurrency by any accepted definition.
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• deleted 6y ago
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