Jack Dorsey has some thoughts on Libra. Namely, it's bullshit.
Speaking at today's Twitter News Summit in New York City, the pro-Bitcoin CEO took Facebook's so-called cryptocurrency project to task for being, essentially, a gimmick. He insisted that Libra isn't even a real cryptocurrency, and that his company will have nothing to do with it.
Dorsey's comments, in response to the question if Twitter would ever join Libra, were captured by CNN media (and ex-Mashable) reporter Kerry Flynn.
"Hell no," said Dorsey. "Nothing within Libra had to be a cryptocurrency to do what they want to do. They use that label liberally. It’s completely incorrect."
Tweet may have been deleted
Dorsey didn't stop there, implying that Libra's association with cryptocurrency stinks of a marketing stunt.
"I don’t know if it’s a gimmick," he told the crowd, "but cryptocurrency wasn’t necessary to make that thing work."
Importantly, Dorsey's not the only one who thinks Libra's cryptocurrency claims are a bit of a stretch. Riccardo Spagni, noted cryptocurrency expert and lead maintainer of Monero, told Mashable over Twitter direct message that calling Libra a cryptocurrency is "intellectually dishonest and decentralisation theatre, at best."
Spagni wasn't finished.
SEE ALSO:Jack Dorsey is recruiting his own personal bitcoin posse"Not to put too fine a point on it, but from a technical perspective there is little difference between Libra's consensus mechanism deciding if your transaction is worthy of inclusion, and Visa alone deciding if your transaction should be processed," explained Spagni. "It’s central banking by another name, a permissioned central banking committee instead of a government-appointed one."
Facebook, it would seem, still needs to win over more than just Congress if Libra is ever to gain widespread acceptance.
TopicsFacebookTwitterCryptocurrency
(责任编辑：百科)
Australian football makes history with first LGBT Pride Game
Chatbot offers free legal aid to the homeless
Kim Kardashian still doesn't consider herself a feminist
Hulu's TV service is comingNate Parker is finally thinking about the woman who accused him of rapeOne of the most controversial power struggles in media comes to a close
One of the world's biggest media companies has been embroiled in a complex personal and professional
...[详细]Hulu's much-anticipated online TV service just added a big partner.Time Warner announced on Wednesda
...[详细]How social media helps bring shelter animals out of the shadows
While social media may often be more chore than reward for humans, it's changed the lives of thousan
...[详细]Apple introduces its first security bounty program
Apple is launching its first security bounty. The news comes on the heels of a presentation from App
...[详细]Old lady swatting at a cat ends up in Photoshop battle
We all have that relative who gets annoyed with the cat. 。This timeless photo of an old woman shooing
...[详细]Amazon reveals more details about Woody Allen's new series
BEVERLY HILLS, California -- That Woody Allen series is finally coming to Amazon in September, the s
...[详细]Kanye West keeps canceling on James Corden's Carpool Karaoke
To be stood up by Kanye West is an honor and a privilege, as James Corden acknowledges.The Late Late
...[详细]'Chronicles of Narnia' franchise will return with 'The Silver Chair'
Remember the Chronicles of Narniafranchise with the lion, the witch, the wardrobe and all that jazz?
...[详细]Satisfy your Olympics withdrawals with Nike's latest app
Following in the footsteps of last year's successful launch of Nike's Tech Book is back in its secon
...[详细]Man quits job in the best way possible
Even people who love their jobs have daydreamed of different ways they would quit. Some fantasize of
...[详细]J.K. Rowling makes 'Harry Potter' joke about Olympics event
Amazon reveals more details about Woody Allen's new series