Comment by basicplus2

<Reading through the publications released, it is clear there is a fundamental deception in the stated goal and implementation of the project. Put concisely, this project will not empower anyone. It is a pivot from a company whose advertising business is so embroiled in scandal and corruption that it has no choice but to try to diversify into payments and credit scoring to survive. The clear long term goal is to act as a data broker and mediate consumers access to credit based on their private social media data. This is such an utterly terrifying and dystopian story that should cause more alarm than it does.>

<The overhead from the consensus algorithm serves no purpose and will only limit throughput of the whole system, and appears to be there here no reason other than apparently cargo culting public blockchain technology which is not designed for this use case.>

<Libra has no transaction privacy>

<The system is designed to be a very large way of replicating transactions to a number of external parties who under existing European and US bank secrecy laws should not be privy to the economic details.>

<Libra HotStuff BFT is not capable of achieving the throughput necessary for a payment rail.>

<Libra’s Move language is not sound.>

<Libra’s cryptography engineering is unsound.>

<Libra has no capacity for consumer protection mechanisms.>