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by xlc0212 2452 days ago
I don’t really care what Libra is on launch. What I really care about is the potential of the technologies behind Libra and what Libra can become.

The most decentralized and trussfree system right now is probably Bitcoin, which I wouldn’t say it is decentralized on day 1. But it is the fundamental of what we have today (which I admit it isn’t that much), and what we can achieve tomorrow. It is the potential excites me.

People doesn’t need to trust FB, or any other companies relates to FB. But you can audit the open sourced code and evaluate how much do you want to trust the code. This is simply not possible with traditional technologies. So I will say it is a net improvement. As long as it is not a regression, I want to see it happen.

1 comments

"People doesn’t need to trust FB"

They have an aspiration to decentralise it at some unspecified time in the future. So maybe you don't need to trust them then, (maybe we still will, the devil us in the detail). Up until that point, we do need to trust them.

I feel Facebook is a corporation with obvious bad motivations (trying to avoid the loaded word "evil" here) and should not be trusted with anything at all, they've repeatedly shown that "trust" means nothing to them.

The thought and implications of FB having any type of control over the financial system, the very foundation of our current society, are absolutely horrifying to me.