What is the Libra Association going to do, really?

TechCrunch | 6/26/2019 | Staff
maddyb7 (Posted by) Level 3
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When Facebook unveiled Libra a few days ago, the company also announced the Libra Association, a not-for-profit that will oversee all things Libra. Facebook wants to make sure that everyone is aware that Libra was created by Facebook but isn’t controlled by Facebook.

And yet, given Facebook’s reputation, it seems useful to evaluate the project and the company’s promises — should we trust Facebook?

Details - Facebook - Promises - Privacy - Facebook

Before going into technical details, let’s start with Facebook’s promises when it comes to privacy. Facebook launched a subsidiary called Calibra that is responsible for its cryptocurrency projects. It’s a separate company with a separate team.

In addition to contributing to the development of the project at the protocol level, Calibra will release a wallet and build an integration with WhatsApp and Messenger. In other words, you’ll be able to tap on a button to launch a Calibra menu. You’ll then be able to send and receive money through the Calibra wallet.

Separation - Sign - Way - Regulation - Anything

While a clear separation is always an encouraging sign, it could be seen as a way to deal more effectively with regulation more than anything...
(Excerpt) Read more at: TechCrunch
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