Close to 1,000 Libra related names registered in last 7 days

So there is a lot of discussion everywhere about Libra, Tech Crunch wrote an all you need to know, including the following: Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and … [Read more...]

 

There are close to 80 live trademarks for Libra in many different classes.

 

Thanks. I was unable to find one that would interfere with the new crypto currency called Libra. The Libra crypto currency is being touted as a decentralized and open source currency. Meaning it's not controlled or owned by one entity.

Clearly there is lots of factors unrecognized as the details are just emerging. From what I am gathering early on is the term Libra, in crypto, could be fair game to anyone such as developers and enterprising projects.

Disclaimer: This is not legal advice.There is lots of information to sift through as details are just being released.

 

"pseudonymously"

 

Libra is not fully decentralised, they will not even begin looking into making it more decentralized/permissible until 2025 - supposedly.

I for one will not be getting involved with any Libra names not out of any moral reasons, good luck to them and anyone who has the relevant names. I personally think there will be only be a very very few names that have any resale value and also i don't want to take any risk pissing of Facebook and all their "associates" and
I also missed the boat on the good keywords

Maybe LibraDapp, LibraChain, LibraBlock, LibraDev, LibraDeveloper etc etc but random keywords and numbers for me hold no value, might be proven wrong it is very early in the game but with over 1000 in a week registered I can't see the majority going anywhere except the drop list - just my opinion.....

 

Yes I agree on not decentralized, and I think that was part of the plan. From the INC article:

1. Libra Is Not Decentralized Like Bitcoin

Libra will look like Bitcoin. You'll buy it on an exchange such as Calibra and send it across the Web. There won't be any Libra notes or coins that you can leave in your wallet or lose down the sofa. It's all digital. But the infrastructure is very different. Bitcoin is decentralized. Thousands of Bitcoin miners group together transactions into blocks and battle to add them to a chain in return for a reward. But a lot of nodes means slow processing. Bitcoin can only perform about seven transactions per second. Visa performs about 24,000 transactions per second.

Facebook has brought together a group of 27 partners including Visa, Uber, Ebay, Andreessen Horowitz, Spotify, and a host of others to manage the network. Their "permissioned" infrastructure will be more vulnerable to attack, and more prone to the possibility of censorship. There isn't one central authority, like a fiat currency, but Libra will be more controlled than Bitcoin. It will also be faster than Bitcoin's network and cheaper too, with fees as low as a fraction of a cent for each transaction. And because it has big backers who have to invest $10 million to join the program, it's also relatively safe. If someone hacks your Calibra or other wallet, and takes your Libra, the network will pay it back.

https://www.inc.com/joel-comm/3-thi...oks-new-cryptocurrency-libra.html?cid=sf01001

 

It is going to make a lot of money and also it is great news for the wider Crypto and DeFi space as it will give a lot of people an introduction to these types of markets....

 

I like this content written in coin bank (dot) com
"Let’s cut to the chase, Facebook (and Libra’s supporting corporations which include eBay, Visa, Uber and PayPal) are doing this for one reason and that’s data. It will be spun as banking the unbanked, revolutionizing payments and connecting the world, but don’t be fooled, this move into the murky world of cryptocurrency is about tapping new wells of data, the modern day oil."
Pretty much nails it on the head. What do you think? About 2 years before we here that FB Libra blockchain network has been hacked?

 

good point, but in the mean time watch the dollars roll in........

 

Libra is decentralized. There are reporters trying to spin it as not, but that is untrue. Here is a quote from the Libra whitepaper:

"The Libra Blockchain is a decentralized, programmable database designed to support a low-volatility cryptocurrency that will have the ability to serve as an efficient medium of exchange for billions of people around the world."

Source:
https://developers.libra.org/docs/the-libra-blockchain-paper

 

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."

 

Putting Libra into Uniregistry where it shows all the extensions available and taken. It's now taken in 151 extensions.

 

We can debate the technical details, but the point to be made, for domaining, is that Facebook does not own or control Libra. In fact, the Libra Association encourages third party developers. In that sense it is decentralized and open source.

 

we will agree to disagree.....all good

 

And 200 domains qualify as Premium 😁

 

went to the Libra site

Right clicked, view page source

4th set of keywords = reinvent money

Registered reinventmoney.com.au & created a sales lander

Cheers
Corey

 

nice thinking I like it

 

Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee is requesting that Facebook halt development on its cryptocurrency, the Libra, as reported by CNN Tech Reporter Brian Fung in a series of tweets June 18.

In her statement, Rep. Waters explained:

“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action”

In response, Rep. Patrick McHenry, also of the Financial Services Committee, said the following:

“It is incumbent upon us as policymakers to understand Project Libra. We need to go beyond the rumors and speculations and provide a forum to assess this project and its potential unprecedented impact on the global financial system.”

The implications of these statements remain unclear, as does their significance for Facebook and Project Libra.

https://cointelegraph.com/news/chai...tee-requests-halt-on-facebooks-crypto-project

 

Nice article........

"Essentially, the Libra Association is now in charge of a quasi-fiat currency and will face a ton of challenges on the regulatory front. It comes down from its governance structure and technical implementation."

https://techcrunch.com/2019/06/19/l...re-like-a-fiat-currency-than-a-cryptocurrency

 

yes，i bought the domainname
（Ldollar. com），just think as libra dollar！

 

Some of the libra domains are worthless .

 

Yeah they were freaking out in Europe as well. Finance ministers worried about it becoming a sovereign currency.

 

The banking clans of Europe and the credit companies in America are going to push back hard as it will undoubtedly bite into their marketshare.

Facebook is among a handfull of companies able to scale quickly. Why they are shaking in their boots.

 

Resistance is a must. This is not a surprise to facebook and the other big boys. They are prepared for this.
I just think we are in a time where these changes in currency and other things are inevitable....
Resistance won't stop it..no matter how much news you hear.

 

207 taken now