Waiting to read WP to see what's different about Libra's design vs
Quote Tweet
this is exactly what @terra_money is doing in Asia. coindesk.com/report-uber-pa
1
Conversation
I think the major difference is that Libra is backed by fiat money, and Terra is not backed by fiat but depends on the algorithm to maintain its stability.
1
Correct. And not having to be fully fiat-backed gives us access to seigniorage, a key adoption driver for Terra payments (see below)
1
Thanks for ur explanation. But I don’t understand Korean. And I still don’t understand that who is paying for the discount on Terra Payment?
1
Seigniorage. It's a core part of our protocol.
This Tweet was deleted by the Tweet author. Learn more
This Tweet was deleted by the Tweet author. Learn more
Possible! Several validators, including our own, are submitting moving average votes, thus smoothing out volatility. But you are right liquidity needs to be improved.