I said it is not fully decentralized, FB and their Associate's are spinning it to be..............
"Take Bitcoin, for example.
It’s incredibly hard to regulate and control by its very design. It’s decentralized with no one entity able to exert control over its blockchain, or the transactions that take place on it. Libra is described as a “permissioned” network, which validates nodes and at this time, requires financial investment from them, to be considered.
Where Bitcoin was designed to remove the gatekeepers from the financial world, Libra just makes Facebook and its association the only gatekeepers that matter. Their collective power makes them the only ones who can mint new Libra tokens, or burn (destroy) existing ones. With a two-thirds
majority of association members voting on it, they could even theoretically lock people out of their Libra wallets, or block transactions from taking place entirely."
Posted a similar link in another thread:
https://www.digitaltrends.com/computing/facebook-libra-cryptocurrency-disney-dollar
The below is an extract from their own whitepaper:
"Blockchains are described as either permissioned or permissionless in relation to the ability to participate as a validator node. In a “permissioned blockchain,” access is granted to run a validator node. In a “permissionless blockchain,” anyone who meets the technical requirements can run a validator node. In that sense, Libra will start as a permissioned blockchain.
To ensure that Libra is truly open and always operates in the best interest of its users, our ambition is for the Libra network to become permissionless. The challenge is that as of today we do not believe that there is a proven solution that can deliver the scale, stability, and security needed to support billions of people and transactions across the globe through a permissionless network. One of the association’s directives will be to work with the community to research and implement this transition, which will begin within five years of the public launch of the Libra Blockchain and ecosystem."