New Libra Fork - OpenLibra - how does it sounds? - page 2.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Quote from: g4r1n1m on October 09, 2019, 06:26:38 PM

New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control

Thirty different blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra crypto project to build their own permissionless version, dubbed OpenLibra.

i read it on CoinDesk

what do you guys think about it??

i think that libra is an important project cuz it will bring a lot of new users into the space
and open libra is a good alternative for those (like me) who dont trust facebook at all
and i think that OpenLibra will face less problems with the LAW and SEC, since it has completely different business model..

Do we not have permissionless stablecoins already? I honestly do not understand how this will be permissionless and still be accepted by government/SEC? If for example they make using the permissionless stablecoin with kyc compulsory, is it still going to be considered a permissionless stablecoin?

CryptoBry

sr. member

Activity: 1008

Merit: 355

The original Libra has not yet been out of the regulatory woods and therefore could not guarantee that it will eventually be able to open its doors come 2020 and yet here we are offered a fork of Libra called as OpenLibra. How creative! How magnificent! I always value innovations and I admire people who are always looking towards introducing good changes but I am making an exemption with this one. Do we really need this OpenLibra and how will regulators will be reacting into this project? Personally, this is already bordering on a big joke. Please forgive me but I don't like this one...okay I know they don't need my approval for OpenLibra so I am just expressing my opinion here. Will there also be a second fork called as ClosedLibra?

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: g4r1n1m on October 09, 2019, 07:06:14 PM

yea, thanks for posting the source
i just didnt want to post a link :X

libra and openlibra should be some kind of stable coin i think
isn't it?

Libra is going to be a stable coin while this openlibra is going to be another shit coin because they are aiming to create a coin pegged by real libra.
simply said, it is like Litecoin when Bitcoin launched its first genesis block. This kind of coin is created as a supplementary of the real coin and empowering it,
and their website is terribly ugly, it's like they are doing it for fun.

joinfree

sr. member

Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

This is smart move but Open-Libra sounds interesting but i will not be surprise if we wake up one day to see announcement that Libra will no longer continue so open-Libra has over it. But question what is the usecase of this persmission-less stable coin because Libra stated their use-case for the Libra. I believe Facebook And It Libra Partners want to use this strategy for people to see how Libra blockchain may work.

goto22

jr. member

Activity: 56

Merit: 1

Quote from: g4r1n1m on October 09, 2019, 06:26:38 PM

New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control

Thirty different blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra crypto project to build their own permissionless version, dubbed OpenLibra.

i read it on CoinDesk

what do you guys think about it??

i think that libra is an important project cuz it will bring a lot of new users into the space
and open libra is a good alternative for those (like me) who dont trust facebook at all
and i think that OpenLibra will face less problems with the LAW and SEC, since it has completely different business model..

Good alternative for Libra, yes, but if Libra itself is nothing special, i don't see how the new coin would stand out from most other altcoins. The only advantage that Libra has over any crypto is a massive user base that Facebook can offer it to. Libra can increase awaareness, but other than that, it doesn't seem like anything special.

febriyana

sr. member

Activity: 432

Merit: 250

Febriyana Muhammad

So if i summary the OpenLibra is decentralized Libra.
That is great! But i see in crytocurrency is already much coin. If that is stablecoin, it will likely USDT.
Official site https://www.openlibra.io have not valid certificate ssl. I see use free ssl. Hope this is not joke coin Cheesy

I still don't have idea, what benefit to buy it in the future.

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

I conclude that Open Libra is like a new project and outside Facebook libra, although the two are still related,
because the article says what is in libra can be dragged and dropped into open libra,
and the difference between the two can be seen, because open libra will run atop Tendermint blockchain software, and of course this is very different from libra in my opinion.
but anyway, we just wait for libra and open libra, is it able to be the best as a newcomer.

g4r1n1m

full member

Activity: 238

Merit: 104

Quote from: hatshepsut93 on October 09, 2019, 06:59:38 PM

Source if anyone is interested: https://www.coindesk.com/new-libra-fork-will-create-permissionless-stablecoin-free-of-corporate-control

Even if this project will launch, it will be just another boring ETH/EOS/TRON -like coin, and we have a lot of these already. There's nothing revolutionary in Libra itself, so it won't shake the market too much, this open Libra will probably take place somewhere in top 10 or top 20 coins.

yea, thanks for posting the source
i just didnt want to post a link :X

libra and openlibra should be some kind of stable coin i think
isn't it?

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Source if anyone is interested: https://www.coindesk.com/new-libra-fork-will-create-permissionless-stablecoin-free-of-corporate-control

Even if this project will launch, it will be just another boring ETH/EOS/TRON -like coin, and we have a lot of these already. There's nothing revolutionary in Libra itself, so it won't shake the market too much, this open Libra will probably take place somewhere in top 10 or top 20 coins.

g4r1n1m

full member

Activity: 238

Merit: 104

New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control

Thirty different blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra crypto project to build their own permissionless version, dubbed OpenLibra.

i read it on CoinDesk

what do you guys think about it??

i think that libra is an important project cuz it will bring a lot of new users into the space
and open libra is a good alternative for those (like me) who dont trust facebook at all
and i think that OpenLibra will face less problems with the LAW and SEC, since it has completely different business model..

Topic: New Libra Fork - OpenLibra - how does it sounds? - page 2. (Read 271 times)