I saw the announcement from Binance as well and immediately shared it with a few of my friends who are into crypto. Fact is Binance is still rather early in this versus what Facebook Libra had proposed.
When Binance finally firms up the details, I am sure they will be going through the same level of scrutiny by regulators. Even though Binance is now HQ in Malta, they still require partners from US, Europe and China to get this project adopted. And the governments in these places won't go easy on them.
That being said, it's still an interesting development
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Hi @culgin
Of course you are absolutely right, that is why the ads are in the search for sponsors, unlike FAcebook that already has them.
Again we must continue waiting for the events.
Dear @culgin
Binance has one huge advantage: trust. Libra has everything else. Money, power, reach, userbase and again money.
I was wondering ... wouldn't you agree that Libra would do much better if this association would be lead by some more reputable corporation? Facebook is the worst option to be a face of this project.
Cheers, Piotr
Trust issues aside, I think Facebook has the widest reach and strong technical competency to make this a reality.
When we consider trust issues, I don't think any company can be fully trusted for such projects. When some don't even trust the government, why should they trust any company? That's why decentralization is such an appealing concept to many
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