News for hackers. Stuff that matters.

A comment on Facebook, Libra, and the Long Game. Parent comment

Re:Facebook, Libra, and the Long Game by bhupy on Tuesday June 25, 2019 @03:36PM (#20278015)
Seems to be an excellent breakdown of how the Libra Association (of which Facebook is an equal among many) would control Libra, but not Facebook alone.

I think the strongest argument towards the latter is the long-run aggregation theory one re: Calibra owning the most Libra users, and not having to own the underlying Libra system itself.

[ Parent | on HN ]
Re:Facebook, Libra, and the Long Game by carleverett on Tuesday June 25, 2019 @04:35PM (#20278642)
Correct, my issues with Libra's centralization has to do with the Association, not Facebook alone. I see what you're saying though where Calibra could itself be used used as leverage by Facebook.
[ Parent | on HN ]