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Search - "facebook libra"
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Anyone who creates a Facebook Libra account and puts money in it and uses it to buy stuff/for transactions should have their fucking voting rights removed and be submitted to a mental health institution.
Just my personal opinion.27 -
Is it by design or Facebook devs made a mistake?
https://github.com/libra/libra/...
In short, power is centralized, protocols can be changed at any given time --> Coins issued can be manipulated, revoked, increased by that centralized power holder3 -
According to the report of Reuter on Geneva-based Libra Association : Facebook's Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent. "I don't think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it," Ueli Maurer, who is Switzerland's finance minister and outgoing president, told Swiss broadcaster SRF.
"The project, in this form, has thus failed," he added in an interview.
Libra did not immediately respond to a request for comment.1