https://libra.org/en-US/white-paper/
Found these points which I thought was interesting:
- It will be a stablecoin
But it is not said that it will be pegged to a basket of national currencies, or prices of consumer goods (which would be even more interesting).
- A blockchain will be used for reliability
which could be an improvemt to other payment systems.
- The reserve will be invested in low risk assets
Bank deposits and government bonds was mentioned, the purpose was to create interest. It was not clear to me if they would invest in other vehicles.
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there will be an Investment Token
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collaborating and innovating with the financial sector, including regulators and experts
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lower-cost
Nothing was said about the price of use, but if they aspire to replace the many mobile phone money systems, there is at least one example of such system being free for everything except withdrawal back to fiat. A user aquiring such money would hope to pay inside the system and never withdraw, a price policy that sucks in money to the system. Talking about money going into the system here seems correct (since that fiat money will be in the reserve), while in Bitcoin Cash no money of any other type goes into the system.
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the target launch in the first half of 2020
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our ambition is for the Libra network to become permissionless ... which will begin within five years of the public launch
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source https://www.reddit.com/r/btc/comments/c28tty/the_libra_whitepaper/
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