Libra future
218900856
From Tether to Libra: Stablecoins, Digital Currency and the Future of Money
This paper provides an overview on stablecoins and introduces a novel terminology to help better identify stablecoins with truly disruptive potential. It provides a compact definition for stablecoins, identifying the unique features that make them distinct from previously known payment systems. Furthermore, it surveys the different use cases for stablecoins as well as the underlying economic incentives for creating them. Finally, it outlines critical regulatory considerations that constrain stablecoins and summarizes key factors that are driving their rapid development.
ArXiv
Alexander Lipton Aetienne Sardon Fabian Schar Christian Schupbach
199290892
Libra, une guerre des cryptomonnaies de plus ou une future devise internationale de facto
Le 2 mai 2019 a Geneve, Facebook participait a l'etablissement de Libra Networks, une association ayant pour objet de proposer un systeme de paiement global et des services financiers fondes sur la technologie blockchain capable de securiser les transactions en tracant les echanges. A l'annonce du lancement du libra la nouvelle devise de Facebook, prevu pour 2020 dans une douzaine de pays, les crypto monnaies actuelles ont soudain devisse fin juin, le bitcoin passait de 11 000 dollars.
Terminal
Dominique Desbois
203185233
Libra, another cryptocurrency war or a future de facto international currency?
On May 2, 2019 in Geneva, Facebook was involved in the establishment of Libra Networks, an "association" whose purpose is to offer a global payment system and financial services based on blockchain technology able to secure transactions by tracing exchanges. At the announcement of the launch of libra, Facebook's new currency, planned for 2020 in a dozen countries, the current crypto currencies have suddenly unscrewed. Can the banking market extend to new customers? Libra, poor man's currency or money laundering vector?
Dominique Desbois
150203929
Libra Subsea Achievements and Future Challenges
The paper uses a case study approach to present the challenges to develop a large and thick oil carbonate reservoir, full of opportunities but also of uncertainties. Additionally, Libra block development is under a Production Sharing Contract that was awarded to a Consortium where Petrobras is the operator in partnership with Shell, Total, CNOOC Limited and CNPC. This paper will present the main subsea technological achievements made during the execution of the Libra Extended Well Test (EWT) Project so far and also future technologies that will contribute to overcome the full field development challenges.
Day 1 Mon, May 06, 2019
Ricardo Toneto de Melo Tadeu Milao dos Santos Claudio J G M Valenca Leonidio Buk Jr Rafael Merenda Pereira Fabio Menezes Passarelli Fabio Rocha Hoelz
226268488
Comparative Analysis of Bitcoin, Ethereum, and Libra
In recent years, with the popularity of Bitcoin and other cryptocurrencies, the blockchain technology behind it has gradually become a research focus. After the official launch of Facebook's cryptocurrency project Libra and the publication of the Libra white paper, Libra triggered extensive discussions around the world. Libra has aroused the public's awareness of open finance and is deeply impacting the traditional financial system. In this paper, we systematically review and discuss the blockchain technology and summarize Libra's innovations in consensus algorithm, performance, and application scenario through a comparative analysis of Libra, Bitcoin, and Ethereum. Finally, we put forward the challenges that Libra will face in the future.
2020 IEEE 11th International Conference on Software Engineering and Service Science (ICSESS)
Wenzheng Li Mingsheng He
218928449
Potential negative implications of Libra cryptocurrency
Cryptocurrencies have been in the center of interest of both scientific and professional public for over ten years. Due to the volatile exchange rate against convertible currencies, investors predominantly use cryptocurrencies as an instrument of speculative investment, while their use in the payments is at a negligible level. On June 18, 2019, the Internet giant Facebook announced the creation of a consortium of financial and technology companies aimed at establishing a global cryptocurrency with stable value called Libra. It is planned to create an open blockchain through a new programming language, which will serve development teams in the future for creation of smart contracts. The subject of research in the paper will be the potential operational performances of Libra concept. The basis for the research will be a white paper published by Facebook and knowledge about the functioning of other cryptocurrencies, notably Bitcoin. The aim of the paper is to highlight the expected economic and security implications of Libra concept.
Nenad Zoran Tomic Violeta Todorovic
225811440
Cutting the network? Facebook's Libra currency as a problem of organisation
This essay explores the organisational character of Facebook's Libra currency by undertaking a critical reading of documents published by the Libra Association. Drawing on the conceptual work of Marilyn Strathern and Michel Serres, it illustrates how ownership cuts the network and encourages parasitism as a means of driving future profit. Central to this is the claim that Libra is not an exercise in democratising money, but rather, the opposite: Libra is run as a club, for the benefit of club members. The conceptual theme of 'cutting' is used to organise the argument. Rather than a cutting edge technology, Libra's true innovation is organisational and consists in overturning the decentralised character of blockchain, such that distributed ledger technology is re centralised by big tech firms. Outsiders are thus cut off from Libra; only those inside the club have the right to participate in Libra and its governance. This position also affords members an exclusive capacity to take a cut of the profits generated through Libra. As a private organisation, members have sole rights to future profits generated from the Libra ecosystem and are in this way incentivised to create new product opportunities over time.
Daniel Tischer
229078833
Facebook's Libra: The Next Tax Challenge for the Digital Economy
In 2019 Facebook announced its plan to launch a cryptocurrency within the coming year, with the express goal of extending past its existing user base to those who lack access to traditional banking services. The prospect of Facebook enabling millions of global transactions outside of the (highly regulated) conventional banking system prompted scrutiny, most immediately in the area of financial services regulation. But it should also heighten the sense of urgency to reconstruct prevailing global tax rules to ensure that highly digitalized businesses pay an appropriate amount of taxes wherever they carry out business activities and create value. This paper lays out Facebook Libra's original design concept, the problems it sought to solve, and the potential implications its successful launch would have on the redesign of the global tax system that is already in progress. The paper concludes that the current global economic turmoil makes for an uncertain future, but one that will clearly require a coherent strategy for taxing high tech firms and innovations with global scope, with Libra a prominent case.
Allison Christians Mahwish Tazeem
220884857
Toward Emancipatory Currencies: A Critique of Facebook's Libra Cryptocurrency and Ideas for Alternatives
Money underpins everyone's daily life. Possible solutions for the global problems fail if there is not enough money. Yet changes to our monetary system are rarely included in the discussion. Against this backdrop, cryptocurrencies create important new precedents regarding how money can be created. Libra is a recent cryptocurrency project launched by one of the dominant social media companies, which has been the subject of intense international discussion. Because the details of Libra are not yet fully specified, we present different scenarios of how a successful Libra currency might play out and some of the problems that might follow. These scenarios include the monetization of the payment infrastructure, (ab)use of sanctioning power, a reduction of the reserve ratio, and an abandonment of reconvertability. These problems suggest a number regulatory strategies in response. Finally, we describe values and design requirements that might help guide future cryptocurrency innovation and provide ways of evaluating their success or failure.
ICT4S
Marvin Auf der Landwehr Volker Wulf
227499347
Quantifying dementia prevention potential in the FINGER randomized controlled trial using the LIBRA prevention index
Individuals in early dementia prevention trials may differ in how much they benefit from the interventions depending on their initial level of dementia risk. Using a composite risk score comprising health and lifestyle factors (i.e. modifiable dementia risk) might be useful to better target future interventions and to monitor intervention effects during study execution. The present study examines whether the effects of a multi domain lifestyle intervention on cognition differ across baseline modifiable dementia risk, and to investigate the potential use of a modifiable dementia risk score as an outcome measure in intervention studies.
Kay Deckers Sebastian Koehler Tiia Ngandu Frans R J Verhey Miia Kivipelto Alina Solomon