{"id":93919,"date":"2019-07-20T00:51:58","date_gmt":"2019-07-20T07:51:58","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2019\/07\/we-wont-control-libra-promises-facebooks-blockchain-boss"},"modified":"2019-07-20T00:51:58","modified_gmt":"2019-07-20T07:51:58","slug":"we-wont-control-libra-promises-facebooks-blockchain-boss","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2019\/07\/we-wont-control-libra-promises-facebooks-blockchain-boss","title":{"rendered":"We won\u2019t control Libra, promises Facebook\u2019s blockchain boss"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/we-wont-control-libra-promises-facebooks-blockchain-boss2.jpg\"><\/a><\/p>\n<p>David Marcus has <a class=\"\" href=\"https:\/\/www.facebook.com\/notes\/david-marcus\/libra-2-weeks-in\/10158616513819148\/\">written a post<\/a> intended to give \u201cclarity\u201d to the critics of Libra, the blockchain network Facebook is trying to seed.<\/p>\n<p>First, to those who say the system is not really decentralized: \u201cWe totally get the point,\u201d Marcus wrote in the July 3 post. \u201cBut it was important to start with trusted entities that could operate in a regulated environment and with the operational expertise required to ensure the integrity of the network in its foundational stage.\u201d<\/p>\n<p>He reiterated that \u201cwe\u2019re committed to gradually transitioning to a permissionless state in the years to come,\u201d and added that in the meantime, \u201cI\u2019d argue that one hundred geographically distributed, industry-diverse organizations is quite decentralized.\u201d ( <a class=\"\" href=\"https:\/\/www.technologyreview.com\/s\/613801\/facebooks-libra-three-things-we-dont-know-about-the-digital-currency\/\">There are only 28 so far<\/a>, however.) <\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Marcus has written a post intended to give \u201cclarity\u201d to the critics of Libra, the blockchain network Facebook is trying to seed. First, to those who say the system is not really decentralized: \u201cWe totally get the point,\u201d Marcus wrote in the July 3 post. \u201cBut it was important to start with trusted entities [\u2026]<\/p>\n","protected":false},"author":531,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318],"tags":[],"class_list":["post-93919","post","type-post","status-publish","format-standard","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/531"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=93919"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/93919\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=93919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=93919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=93919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}