[warp_factor]

That's the way they marketed it. They know they had to do this little concession in order to get Libra to pick up so that people would repeat tirelessly that it's not controller by Facebook and therefore it's good.

But it's controlled by Facebook and friends and the influence they would get over any decision is absolutely huge

[scarface74]

Do you have any citations that contradict the article?

The Validators Who, then, are the validators? Well, Facebook is one, but only one: currently there are 28 “Founding Members”, including merchants, venture capitalists, and payment networks, that meet two of the following three criteria:

More than $1 billion USD in market value or more than $500 million USD in customer cash flow Reach more than 20 million people a year Recognition as a top-100 industry leader by a third-party association such as Fortune or S&P These “Founding Members” are required to make a minimum investment of $10 million and provide computing power to the network. In addition, there are separate requirements for non-profit organizations and academic institutions that rely on a mixture of budget, track record, and rankings; a minimum investment may not be necessary. Libra intends to have 100 Founding Members by the time it launches next year.

[warp_factor]

They are the ones selecting the "members" and they will have a huge influence on any updates or any controversial topic or potential fork.

Don't fool yourself, this whole thing has been carefully orchestrated to look like if it was an open community but it is very tightly controlled by Facebook and friends.

I will not touch this with a 100 foot pole.