[tempodox]

> It's a way to get more data from people.

Owning other people's money and controlling where it can and cannot flow is way more than a way to get more data.

[sdan]

Although I don't know all the aspects around the Libra protocol, I'm fairly sure that FB is only making the Calibra App. The (stablecoin) Libra should be able to be accessed through other wallets overtime (given it is a cryptocurrency).

Since it is a cryptocurrency, the whole point is to allow people to send money w/o censorship.

[lawn]

It's not a cryptocurrency though. It even says in their white paper that it's a permissioned system. Calling it a cryptocurrency is just marketing to ride on the hype train.

[baby]

There are permissioned and permissionless cryptocurrencies. Otherwise what is the point of creating such a nomenclature?

The whitepaper also says that Libra will launch permissioned and transition to a permissionless cryptocurrency.

[lawn]

Obviously the point is to ride on the hype train by redefining the original meaning. It's similar to a "democracy with a dictator", it just doesn't make sense.

Yes, and Facebook hasn't lied to us before? They don't have an actual plan on how to accomplish this transition, which necessarily includes completely redefining the whole system Libra is based on.

[krageon]

It is not a good idea to take what Facebook says at face value. It is worth examining anything they say in an extra critical and sceptical way because of their (at this point) well-documented willingness to lie and bend the truth.