Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed.
Speaking in an interview with Asia-based news outlet Nikkei on Sept. 26, Zuckerberg appeared to show a rare display of fear in the face of mounting regulatory scrutiny of Libra.
Facebook's digital currency has come under fire from governments worldwide since its whitepaper appeared several months ago.
High-profile regulatory hearings have so far failed to quash the negative reactions; governments fear Libra will undermine fiat currency systems.
"Part of the approach and how we've changed is that now when we do things that are going to be very sensitive for society, we want to have a period where we can go out and talk about them and consult with people and get feedback and work through the issues before rolling them out," Zuckerberg told the publication.
Coinbase calls criticism "Odd and misguided".
Preemptively solving aspects of Libra critics find unappetizing strikes a notable contrast to fiat alternatives such as Bitcoin, the founder of which, Satoshi Nakamoto, simply released the code and let the network grow organically.
Cryptocurrency sources have also cast scorn on authorities keen to stifle any innovation Facebook is attempting to introduce.
"Libra is one of several important crypto projects on the horizon with the potential to improve the world. Whether it works or not still remains to be seen, but I find the backlash to it a bit odd and misguided," Coinbase CEO Brian Armstrong tweeted on Wednesday.
When pressed by Nikkei Zuckerberg stopped short of committing to a timeframe.
Zuckerberg: 'Sensitive for Society' Libra Crypto Has No Launch Date
pubblicato su Sep 26, 2019
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.