Facebook Being The Real Power-Wielder

[Paglamon]

I know that,
While discussing hard challenges faced by Libra, you need to note that the consensus algorithm of Libra prefers BFT (Byzantine fault tolerance) where decentralization is being traded for efficiency and scaling. The members who are invited by Facebook have the only right to have authority over the chain. Libra aims to function as a permissionless chain. Here anyone can vouch on the chain by carrying Libra coins, which states to the fact that rights of the network will be favoured by eminent companies. Or you can say that the Libra association members and Facebook are the actual power holder of the chain.

[masterrex]

Thats because Libra was the brainchild of Facebook CEO Mark Zuckerberg the title and control also remain on Facebook, correct me if I'm wrong But I don't understand why some people are against the Libra project, What about China's Digital Yuan it's also a centralized project now where are those people who said that Facebook's Libra is crap, for me the Facebook Libra, Chines Digital Yuan, and all cryptocurrencies can co-exist only some people are giving nonsense comments let the community decides.

[damsix]

Similar to Ethereum which has Samrtcontracts for all tokens and wherever the tokens are, they are still owned by EThereum.
As is the case by sending the token it must use EThereum for its GAS.

I think LIBRA also aims to do the same thing Ethereum does and can say Libra plagiarized from the tricks done by EThereum. LOL

[Noverteno]

For too long, we have been discussing the future impact of a stable coin that does not yet exist. Various changes continue to be made to the Libra project due to pressure from regulators and it is still difficult to imagine what will happen to it in the final version. Against the backdrop of the emergence of stable coins of various states and the refusal of the European Union countries to support this coin, Libra is unlikely to have a great influence on the global financial market. However, in any case, we first need to wait for the appearance of this coin.

[Cryptoz]

Libra is now being promoting again their project after having negative issues some months ago. The CEO of Libra himself states that Libra can boost the use of Facebook Adds. This may be good because many people use FB ads for online marketing. So, if there is no negative issues again, Libra may be acceptable again.

[Senin]

Scales could turn out to be a global stable coin, as was originally calculated. It is precisely because the huge financial power would have concentrated in the hands of Zuckerberg in this case, the world states sharply rebelled against the appearance of Libra. Now that the states themselves have begun to actively work on the creation of their national stable coins of central banks, the relevance of the unreleased Libra is gradually falling.

[IyemRoker]

Now that the states themselves have begun to actively work on the creation of their national stable coins of central banks, the relevance of the unreleased Libra is gradually falling.

Why could it decline because the country was able to create something new, namely stable coins which are more valuable than LIBRA.

We can imagine with a simple and easy, for the GBPT coins (Great Britain Pound Sterling Token) is a stable coin from the UK which is integrated with cryptocurrency.
So whether the British country will choose LIBRA for their stable coins?
I am sure it will not be because LIBRA is beyond the reach of their countries and Britain already has GBP projected 1:1 to GBPT.

[MrSpasybo]

Like USDT depends on Bittrex or XRP depends on Ripple, Libra also depends on Facebook & its association. However, this is not a matter of concern, I want to see this token issued, then we will know whether the community is ready to receive it or not. Anyway, there is one undeniable truth, that if successful, Libra will achieve tremendous achievements in connecting crypto to the economy.

[aiviaa485]

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I think this drama will continue, where LIBRA will be checked in various countries according to the regulations made.
Then LIBRA tried to find a gap for something new so that it could be accepted in various countries and it was certainly a struggle and time needed by Mark Zuckerberg.

Hsail finally LIBRA lanuching and it is certain that the dram will be repeated again. LOL

[Nostoman]

Yes, Facebook is a very popular medium for business. Here decentralization is being traded for efficiency and scaling. I think members invited by Facebook have the right to dominate this chain. The goal of this amount will be to restore order without permission. libra may proceed in this case. libra is a huge part of the Facebook chain can act as an energizing part.

[ashraf786100]

As the original calculation was done, the trajectory could be a global issue. This is because of the fact that in this case, Zuckerberg's would have been marked by a lot of power, the world's kingdoms against his zeal. Now that the state has started working on the facial tor of its own national bank - it is national must-have, it has become a bit of a nightmare compared to Libra.

[JacobMichael]

Libra and Facebook association members are real power holders of the chain because anyone can confirm the chain by carrying Libra coins, which confirms the fact that the rights of the network will prevail. by well-known companies

[GeorgeReece]

Just as USDT depends on Bittrex or XRP depends on Ripple, Libra is also dependent on Facebook and its association. Libra is currently moving back on their project after having had negative issues a few months ago. The Libra CEO himself claims that Libra could push the use of Facebook Adds to new heights.