Bitcoin entrepreneur and enthusiast Andreas Antonopoulos believes that Libra project will not be able to provide people who do not have access to banking services with such services.
Antonopoulos stressed in the interview that Libra project, developed by the social network Facebook, will become the first corporate cryptographic currency. At the same time, stealthcoin does not meet the characteristics that make bitcoin or coins on other public blocks so interesting.
"Is the system open? Is it open for access and participation? Can it be used in any country? Is it neutral for payments with different purposes? Is it not subject to censorship? Is it impossible to cancel transactions? Can they be checked at any time?" Antonopoulos asked.
He stressed that Libra does not meet any of these parameters. In addition, the project is centralized and therefore must meet the requirements of the regulators, which means it will not be able to provide financial services to people who do not have access to banks.
"You can't provide banking services in the current regulatory system, as this system has led to the fact that people do not have access to financial services," Antonopoulos said.
He concluded that the Libra sticky note could not be launched as it was presented by the creators of the White Book. However, it could be a notable success for a social network in the sense that it would provide a financial oversight tool for user spending.
Earlier, Antonopoulos said he did not see the success of any altokoyin in the foreseeable future. The coin can only be successful if the bitcoin and the airwaves are moved off the pedestal.
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