The representative of the Ethereum refused to communicate with cryptocurrency to from Facebook

One of the main representatives of the team of Ethereum and a member of the Ethereum Foundation Vlad Zamfir does not want to have anything to do with the project Libra from Facebook. The developer will work side by side with people who are engaged in centralized cryptocurrency company. According to Zamfir, his decision could deal a serious blow to his reputation, but he does not regret about it. Around of the project many misunderstandings that arise even on the basis of policy.

Zamfir vs Libra

Your opinion Vlad shared on Twitter. He is fully confident that in the future the adoption of the blockchain will grow at an accelerated rate.

I’m not going to work, or to make contact with anyone who supported the project Libra or OpenLibra. I’m sorry about the possible damage to my personal and/or professional relationship, which could be the result of these actions. Please understand this is a policy issue. The adoption of the technology will happen, no doubt. The question is, what will be the centralized Protocol of Facebook in the legal and political realities.

Note that while the problems with the reputation suffers and Facebook. On the launch of the Libra became known in June: since then, the company enlisted the support of 28 organizations, among which were even MasterCard, Visa, Spotify and Uber. After some time, the Association left PayPal a bit later of enterprises came Visa, MasterCard, Stripe, eBay, Mercado Pago and Booking.

In addition, Facebook suffered a huge loss in the case of Cambridge Analytica. The company is obliged to pay a fine in the amount of $ 5 billion. All this is not much inspires investor confidence in the future, Libra. Besides the reputation of the cryptocurrency hurt the scammers who try to extract money from unsuspecting victims before the start of the project. We wrote about the main reasons not to wait for the release of the Libres in a separate article.

The launch was planned to take place in 2020, but because of numerous difficulties it will have to be postponed. According to General Director of Ripple brad Garlinghouse, the start of Libra will take place no earlier than 2023. Until that time, Facebook needs to settle all disputes with financial regulators and demonstrate really attractive cryptocurrency, which they will use in all parts of the world.

So far the project is Zuckerberg serves as a convenient tool for dealers in illegal substances, lovers to launder money and other criminals. A similar view at a recent hearing, Facebook was voiced by Congressman brad Sherman. His other arguments — including with respect to threats to the dollar — is described here.

Source: ITC

Vlad’s position is that Libra is not a technology project, received support from many people. One of the commentators in his Twitter account said he was ready “to advocate for the minimization of Libra chances of success”. Although the overall cryptocurrency Facebook can still be considered as a bridge between ordinary people and these cryptocurrencies.

Will the future project as a competitor to Ethereum? Share your opinion on this matter in our cryptodata millionaires. Also we are waiting for you in Yandex Zen — to get exclusive articles that are not on the website.

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