Facebook denies reports it is backing away from Libra cryptocurrency

But those kinds of controls run directly counter to the decentralist philosophy of traditional blockchain-based networks. To stop misuse of the network, Facebook would need to vet everyone building an app or offering a payment service on the network. But adding this kind of red tape wasn’t going to help Facebook’s goal of making the network …But those kinds of controls run directly counter to the decentralist philosophy of traditional blockchain-based networks. To stop misuse of the network, Facebook would need to vet everyone building an app or offering a payment service on the network. But adding this kind of red tape wasn’t going to help Facebook’s goal of making the network …Read More