[ilaksh]

They are going to get the regulators in their pocket and play ball with them. They will filter all transactions requested and provide a convenient place for governments to go for information or control.

Its a way for companies to capitalize on the cryptocurrency hype, without, ultimately, acting like a real cryptocurrency. Its going to be a giant bank that has government law enforcement and intelligence agencies as its clients and patrons.

This is sponsored by Visa and others. They are co-opting "cryptocurrency" for their own purposes. The goal is for this to become mainstream before real cryptocurrencies and take over before they can really get going for mainstream payments.

I filed a bug report. https://github.com/libra/libra/issues/41

[schoen]

Your bug report is amusing, but isn't it unnecessarily personal? Couldn't you file a similar bug against the project that makes the point more concretely without the personal attack?

[ilaksh]

If he feels like I really attacked him.. I mean I can't do anything to someone who has that kind of control over the Dark Side of the Force. I'm not a Jedi or anything like that.

I will probably make another issue that is just depressing and concrete about the project and features no characters but it will be easier for people to ignore.