In reading more, I'd like to see an example of a $100 card transaction vs. a $100 Libra transaction showing which parties get what. It feels like between arbitrage (who defines this) and varying "Gas Prices", there are just as many fees in play.https://twitter.com/BrianRoemmele/status/1140983269300682753 …
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Finally 5. The presence of a transferb (synchronous transfer) implies that there will be blocking . 6. This is not a leaderless platform (like
@hashgraph ) therefore it would be subject to DDOS attacks@ManceHarmon , I would love to get valdiation from you on this.. -
That's correct. Their tech is not Asynchronous BFT. It is BFT, but more of the flavor of Cosmos' Tendermint. It is technically vulnerable to DDoS attacks that exploit the fact that there is a leader, which in this case rotates from validator to validator.
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2. The coalition is HQ'd in Switzerland, I believe this validates
@PaultheBanker point that they knew they were going to stir up trouble 3. Presumably this will be funded by the float,with the idea of keeping money in a account somewhere that will be a one for one with the coin -
In addition, I believe that Facebook knows that their current mode of revenue generation, advertising, I topping and will eventually wane as other platforms vie for those dollars. This is their answer on how to monetize their platform and its users.
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OK so here is what I think I know so far .. I want to see if you agree. 1. This is a private permissioned network in the sense of the actual systems that are running on it. You can be a validator, but not a processor.. They have stated they are interested in permissionless...
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4. The use of the term "Gas" seems like a nod to the etheruem platform, but it is really a part of the eco system in terms of who get's paid . See the pic from their glossarypic.twitter.com/Fd1Q42ytDA
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OK I just did a quick video on it, how to set it up and my thoughts. I will post tomorrow (need to look at it one more time but after I get some sleep)
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Facebook would have run into the political buzzsaw no matter what day they announced it. The issues they have had over the past few years guaranteed that. This is a wake-up call to banks, fintechs and regulators that business as usual has left the building.Transformation is here.
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