Recently, Brad Garlinghouse, CEO of Ripple and Joseph Lubin, CEO of Ethereum, showed their vision regarding the appearance of Mark Zuckerberg, leader of Facebook, before the US Congress, ensuring in both cases that the big problem after Libra falls to the "lack of trust" that exists around Facebook, due to different circumstances that each indicated
Last Wednesday, Mark Zuckerberg, CEO of Facebook , faced the House of Representatives for more than six hours , who summoned the leader of the social media company, to give details regarding the role of the company after the Libra project , a digital currency that Facebook hopes to launch after having the approval of all US regulators, he said.
Zuckerberg's presence in Congress , with Libra in the public arena between regulators, governments, political leaders and the general public, did not leave the leaders indifferent after Ethereum and Ripple , Joseph Lubin and Brad Garlinhouse , respectively, who made their thoughts felt about the digital currency project and what it brings to the blockchain industry, both agreeing that Libra's main problem , part of Facebook's bad reputation .
Garlinhouse , in statements for Fox Business , said he shares the vision in which Zuckerberg demands the need for innovation, but notes that the technology he seeks "already exists in the market today , " taking Ripple as a great example of this. However, he said he agreed with Zuckerberg's vision although it differed in "the way to get there . "
The CEO of Ripple also mentioned that essentially the problem of Libra was a "question of trust" because of the history of Facebook , while questioned the words of Zuckerberg about the help you can bring Pound the financial leadership of the United States , recalling that the project center was installed in Switzerland, something that was also questioned during the Capitol Hill hearing .
Recently, Ripple showed its willingness to move forward in regulations, by becoming the first blockchain firm to open an office dedicated to crypto and blockchain regulation in Washington , dedicated to establishing direct ties and working with political actors.
Lubin is not convinced that Libra is not affected by Facebook
In an extensive thread of messages through his Twitter profile , Joseph Lubin, co-founder and CEO of Ethereum , dedicated some reflections on Zuckerberg's presence in Congress and Libra , ensuring that “the blockchain space benefits from experimentation, including that of the Libra project ” , but ensures that the harmful thing is “ a blockchain project led by Facebook, Facebook style ” .
Joseph Lubin
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@ethereumJoseph
First, some context: I think the #blockchain space benefits from experimentation, including the @Libra_ project. What does not benefit the space is a Facebook-led blockchain project, led in typical @Facebook style.
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17:22 - 23 oct. 2019
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Lubin, explica que «un proyecto y una tecnología como Libra no deberían ser controvertidos en la superficie», mencionando que existen compañías que ya están trabajando en iniciativas similares, poniendo a MakerDAO y JP Morgan como ejemplos, pero señala que la atención prestada se debe al nombre de Facebook, con su historial, y sus 2.300 millones de usuarios, que son un problema para Libra.
Seguidamente, Lubin afirma en varios mensajes:
Facebook deploys several aspects of advertising technology to exploit personal information and people's attention, and as a negative externality it has become a weapon of mass social manipulation (...) It is not exactly an antitrust problem, it is a problem of fighting humanity (...) Facebook has a great agenda here. They, together with the companies of the Libra Association, want to take advantage of their 2.3 billion citizens of the world in their own monetary and payment jurisdiction, a massive commercial and geopolitical opportunity
Similarly, Lubin continued to reflect on how financial and personal data can be exploited by Facebook. , through Calibra , a situation that classifies as "the central modus operandi of Facebook" , and complements:
Facebook unites people. It also gathers all your disparate data in a single profile that can be optimized optimally
Later, the CEO of Ethereum also questioned the way he looks for Facebook fulfill its promises through Libra, ensuring that “the way they propose to achieve that with a consortium of a few dozen megacorporations at the helm is less clear, not to mention of his own history with the rights of privacy and data of the public ” , adding:
Zuckerberg said nothing today to convince me that Facebook will not be affected by the Libra project, if it becomes a reality, or that they are doing something particularly novel to achieve their stated goals.
Lubin said that there are already projects with a "healthier" architecture than Libra in the Ethereum network , which seek to achieve the same objectives oriented to the financial system and how to help people, mentioned by Zuckerberg , and ends by asking the leader of Facebook , "why not work to contribute to something that thousands of people are already making progress?" .