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RE: Crypto is for everyone! (Even Facebook / Megacorps)
Libra is actually not a blockchain because it doesn't have blocks. It does have to transactions committed to a Merkle tree but they do not make up blocks to be signed. So, technically, it's not a blockchain. :)
See:
https://onezero.medium.com/thoughts-on-libra-blockchain-49b8f6c26372
I appreciate knowing the technicalities, but it really doesn't matter if it's a blockchain or not. What matters is Facebook now has gathered and united the entire corporate world against the banking sector. The power of this forged consortium is a force to be reckoned with.
You can tell by their attitude: they know they have the upper hand. Libra is being positioned not behind Facebook, but behind all 100 corporations. Regulatory agencies have less power than what they are trying to regulate, and everyone knows it.
Absolutely. This is the beginning of showdown between Wall Street and Silicon Valley.
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