/biz/ - Business & Finance

LIBRA :

LIBRA doesnt need LINK oracles : https://decrypt.co/25776/facebooks-libra-to-launch-stablecoins-for-each-major-currency?utm_source=reddit&utm_medium=social&utm_campaign=rdt

Read the NEW libra Mechanics section: it has 1:1 reserves of the cash and short term sovereign (A/AA+) debt for that particular denomination: so, for example, if there are 2 libra coins and each libra is backed by a basket of .5 euro and .5 dollar there are a dollar and a euro backing these two libra. Where is the oracle in this situation? FB chooses the ratio of currencies backing it as they see fit. Centralized. No need for data feeds, self contained.

Believe me, I’m pissed about it too, been holding since ICO and I thought libra was the best chance at massive enterprise scale demand for the network

‘Independent validator’ is a node. They have members in the libra community; they will run nodes. These members are things like banks.The nodes envisioned by calibra are for their blockchain. They validate changes to calibra. Not bring data onto it.


Calibra gutted any chance for speculative adoption. I’m pissed

CENTRALIZED SHITCOIN WILL NOT USE DECENTRALIZED ORACLE SOFTWARE STOP BEING FUCKING RETARDED FULL STOP