6 votes

Everyone says Libra, Facebook's planned cryptocurrency, should be heavily regulated. But nobody seems to know how - including Facebook.

Posted by spit-evil-olive-tips
Tags: cryptocurrency, facebook, libra, regulation
https://www.wired.com/story/everyone-wants-facebooks-libra-regulated-but-how/

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Title
Everyone Wants Facebook's Libra to Be Regulated. But How?
Authors
Gregory Barber, Matt Laslo, Nitasha Tiku, Klint Finley, Evan Ratliff, Guillaume Chaslot
Word count
1792 words

1 comment

  1. stu2b50
    Link
    I think an important technical detail to libra is just how it works. Unlike Bitcoin or Ethereum, it uses neither proof of work nor proof of stake. Instead, it's just byzantine fault tolerance with...

    I think an important technical detail to libra is just how it works. Unlike Bitcoin or Ethereum, it uses neither proof of work nor proof of stake. Instead, it's just byzantine fault tolerance with agreed validators. Which makes sense; PoS is still shaky in its foundations, PoW has it's obvious issues, and I doubted a company like FB wanted to deal with either. So unlike either, which promise complete decentralization (though, how true that is for either is up for debate, considering Ethereum devs rolling back hacks), Libra doesn't.

    1 vote