Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$23,421.000.11%
  • ethereumEthereum$1,679.781.34%
  • xrpXRP$0.4162601.23%
  • bitcoin cashBitcoin Cash$139.371.37%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Libra’s Major Blemish Is Its ‘Walled Garden’ Design; Ripple Executive Says

John Wanguba by John Wanguba
September 27, 2019
in Crypto news, News, Opinion
Reading Time: 5min read
Rate this post

Ever since Facebook unveiled the white paper for its Libra project, it has faced unending opposition. Most authorities, governments, central banks, and regulators are worried that it might shake up their fiat currency economic dominance. Many are now speculating about the flaws that the stablecoin may have even before it is launched later in 2021.

According to Ripple’s senior vice president of customer success, Marcus Treacher, Libra’s major blemish is that it is a closed system. While speaking in an interview published on September 27, Treacher said that he believes Facebook’s planned cryptocurrency resembles a ‘walled garden.’

The ‘walled garden’ metaphor has mostly been used previously in reference to commercial strategies that were pursued by tech giants like Apple. This strategy involves entities who strive to retain total control over the apps, software, and accessories related to their proprietary devices. In most cases, such methods of doing things experience heavy antitrust pushback just like Libra has encountered.

That same strategy of doing things has come under heavy criticism in recent attempts to bring down these supposedly monopolistic practices by lawmakers and anti-trust campaigners. The implications for the large companies including Amazon, Apple, and Facebook, even ahead of its Libra project, are expected to experience overwhelming focus with the conclusion of a major US antitrust probe currently underway.

Treacher, in levelling his criticism against the Facebook stablecoin, alleged that his Ripple network, by huge contrast, has no parameter. It is proven to connect with all of the players that want to use its technology. However, he expressed his happiness saying that it is still a ‘really good thing’ that a Silicon Valley giant like Facebook had imagined itself in a major role in the digital asset world.

Libra not here to replace currencies

Treacher, just like many other analysts and commentators, believes that global regulators and governments are quite concerned about the potential threat that Libra has to national fiat currencies. That is the anxiety that the Libra Association led by its managing director, Bertrand Perez, are striving to quell.

While speaking on September 27 at a blockchain conference that took place at the United Nation headquarters in Geneva, he was quoted:

“We are not in the area of implementing any monetary policy with the [Libra] Reserve.”

Perez further alleged that the crypto project could greatly assist with the fulfilment of many UN sustainable development goals. Some of these goals include poverty eradication and reaching gender equality. That conference also featured speakers from the Swiss National Bank together with the International Monetary Fund and many others.

The head of Calibra at Facebook, David Marcus, has also recently opposed any prospective threat to sovereign monetary policy from Libra. He noted that:

“Each Libra is deposited one-to-one with traditional currencies and no new money is created. There is no impact on interest and yields. In this sense, the Libra reserve cannot disturb monetary policy.”

With these hiccups coming up every day, it is now not yet clear whether Libra will launch in 2021 as announced. Notably, Mark Zuckerberg, in a recent interview refused to commit to any timeframe for the release of the Libra cryptocurrency.

Like what you're reading? Subscribe to our top stories
Tags: CalibracryptocryptocurrencyDavid MarcusFacebookFacebook Cryptocurrencyfacebook LibraFacebook Libra NewsFacebook stablecoinLibra Associationlibra projectMarcus TreacherMark Zuckerbergwalled gardenwalled garden crypto

Related Posts

Crypto-Related Enforcement Actions By US States Increased Steeply In 2022 – Report
Crypto news

Crypto-Related Enforcement Actions By US States Increased Steeply In 2022 – Report

February 3, 2023
Alameda Research Wallet Gets $13M From Bitfinex And Other Sources
Crypto news

Alameda Research Wallet Gets $13M From Bitfinex And Other Sources

February 3, 2023
MEMAG Raises $2 Million In 3 Weeks – Buy Now Before Prices Spike!
Blockchain

MEMAG Raises $2 Million In 3 Weeks – Buy Now Before Prices Spike!

February 1, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.