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replied 2181d
Also, what incentive do wealthy users have for tapping #Libra? It appears facebook is targeting low end users. Am I wrong?
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replied 2181d
Another point is why would anyone trust Facebook / #Libra after all of their privacy violations? They were just fined $5 Billion dollars by the FTC. #Bitcoin is trust less for a reason
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replied 2181d
The point of #Bitcoin is that security is baked into the network. What #security does #Libra offer? To me it appears to just be a database.
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Barricade
replied 2181d
AFAIK, Libra network is something like XRP/Stellar. I expect collision between validations to be plausible.
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replied 2181d
But way more scammy and centralized. XRP/Stellar anyone can bring up a validator and anyone can pick which validators they use. For Libre, FB will own the validator list. Rent-seeking$
replied 2181d
That is correct.
Barricade
replied 2181d
Yes. In theory, in the future, Libra is planned to be more decentralized. I don't believe it will never be decentralized enough.
replied 2180d
The central planners plan to decentralize... at an unspecified point in the future. After the crisis is over. After everything is well under (their) control.
I've seen this movie.
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