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Discussion on: Discussing the launch of Libra, "A new global currency"

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Theo

I am certainly skeptical of this new platform and it will no doubt be successful as so far crypto currencys have been seen as a pretty hard to use and not for the general public.

While it is true they (Facebook) get as many votes as any other backers on the board this isnt strictly true as they have invested a great deal more in the company so have more influence over decisions. While you can argue this isnt true, and it certainly isnt on paper. Te fact is they have more inluence as the other backers dont want them pulling out of the project for instance.