The point of the cryptocurrency was to decentralize Libra amongst several actors... | Hacker News

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antpls on Oct 5, 2019 | parent | context | favorite | on: Paypal Withdraws from Facebook's Libra Cryptocurre...

The point of the cryptocurrency was to decentralize Libra amongst several actors, such as Visa, Master Card, Paypal, etc

If done, Libra would have been the common interest of all those actors. That was the goal of the project.

dao- on Oct 5, 2019 | [–]

That doesn't seem to contradict what I said? Sure, PayPal wanted a stake in this assuming it would become a success that they couldn't stop... but they may still be better off if Libra doesn't become a success in the first place.

Traster on Oct 5, 2019 | [–]

So the plan was to form a cartel in public?

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