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Facebooks Libra platform has already been "forked"

Open Libra was just presented at Devcon. Includes a VERY fresh Github...

Quite a few names from Cosmos involved but one wonders what the point of this is, consdering the appeal of Facebook's version of Libra was their massive userbase...

In before OpenLibra starts trying to raise funds...

https://www.openlibra.io/
Wolf Crypto News
Facebooks Libra platform has already been "forked" Open Libra was just presented at Devcon. Includes a VERY fresh Github... Quite a few names from Cosmos involved but one wonders what the point of this is, consdering the appeal of Facebook's version of…
Just an FYI on this. One of the founders of OpenLibra is Lucas Geiger. Lucas raised $20M for an ICO called Wireline in 2018. Wireline have since failed to deliver a product or even distribute tokens, tokens which were promised in Q2 2018. Their Telegram group is dead and the team has stopped communicating to investors. Requests from investors regarding status updates on the project in their Telegram group are told to check Twitter instead. Their Twitter account is now shilling OpenLibra.

Don't you just love it when founders raise money for a project, don't deliver a product or a token and start working on another one? Like we said in the previous post, in before there is a raise for OpenLibra...
Sergey Nazarov from LINK at Devcon 5

Chainlink will be launching 7 new price reference data oracle networks on the Ethereum Mainnet for popular assets such as BTC, DAI, USDC, ZRX, REP, WBTC, BAT in addition to the already live ETH.

The new price reference data oracle networks are designed to give back to the Ethereum community & to grow the DeFi ecosystem by giving developers easy access to high-quality pricing data that has been verified by the most decentrally secure oracle network.

https://www.youtube.com/watch?v=eePZhhoNkY4
While BTC has been recognised as a commodity for some time, the CFTC is now saying the same of ETH, which considering the way it was created and distributed, via a public sale and minting of initial tokens, is pretty huge news in the scheme of things.

There's a precedent being set here in this quote -

Tarbert also gave insight on how he and the CFTC view coins created through initial coin offerings (ICOs). He believes it is possible for a new coin to start out as a security but eventually become a commodity. “You can have a situation where something in an initial coin offering is a security initially, but over time, it gets more decentralized, and there's a tangible value there, so you can have things that change back and forth.”

This leaves the door open for any shitcoin to eventually mature and become a commodity...
Wolf Crypto News
The OpenLibra website has already been updated! Yesterday it included a list of their "core team and community". Today all these names have been removed... Nothing suss here... https://web.archive.org/web/20191009060012/https://www.openlibra.io/ ht…
We breaking news on here before CoinDesk these days (not really a major feat considering CoinDesk is the gutter journalism of crypto journalism, but hey, small victories...)

Four individuals and organizations have disavowed the OpenLibra project, which was unveiled Oct. 9 at Devcon. Others say the extent of their involvement was overblown.

“I showed up to one community call for OpenLibra. I didn’t really do anything after that,”
Sunny Aggarwal, core developer at Tendermint Inc.

“I wasn’t asked before my name was used on the slides.”

Sounds like Sergey from ChainLink wasn't too keen on having his name attached to this project either...

This totally comes across as 2017 ICO tactics. How many times in 2017 did we find out an ICO had fake associations with team members, advisors and partners?

https://www.coindesk.com/members-of-openlibra-disavow-project-days-after-its-devcon-unveiling
“We allege that the defendants have failed to provide investors with information regarding Grams and Telegram’s business operations, financial condition, risk factors, and management that the securities laws require.”

Sounds pretty weak really...This doesn't seem to be halting the sale at all, which has already been completed, but the launch of the network itself.

What makes this extra interesting is that there is a clause in the TON SAFT that states Telegram must give back funds raised if they don't distribute the first batch of tokens by October 31st.

Pavel from Telegram has proven in the past to be quite happy to give a middle finger to governments worldwide. Considering they raised $1.7b and EOS recently paid $24m on their ~$4b raise, kind of expecting him to say fuck it, launch the network anyways and pay the relatively small fine after. What's the old saying? "It's easier to ask forgiveness than it is to get permission".

https://www.sec.gov/litigation/complaints/2019/comp-pr2019-212.pdf
The US Government (especially the SEC) is the Mafia of Crypto.

Pretty easy to see why companies are dropping out of the Libra Association when faced with such early pressure. It's not like they don't already have working business models that they'd be loath to risk...
Despite eBay, Stripe, PayPal, Visa and Mastercard quitting Libra, 21 inital members have signed the Libra charter today, making them official members of the Libra Association

https://twitter.com/Libra_/status/1183870017311510530
Big news for BNB, back on a run with upcoming IEO news and now exposure to the token on a traditional marketplace and traditional investors.

"By listing the BNB ETP on the SIX Swiss Exchange, the world’s tenth-largest exchange, clients can add BNB exposure to their stock portfolios as easily as buying a share in any company, in a traditional manner using a brokerage firm or bank."

https://www.binance.com/en/blog/390697438246342656/World-First-Amun-and-Binance-Launch-first-BNB-ETP-on-Swiss-Stock-Exchange-Ticker-ABNB
⭐️ COTI AMA 17/10/19 8am EST, 1pm CET ⭐️
Time until AMA - https://bit.ly/33yHYu2
Submit a question for the COTI team - https://forms.gle/1wGS2ytyzFUQujzG6

🎙 AMA is in our public channel https://news.1rj.ru/str/WolfCryptoPub, so please join before we begin. 🎙

🗣 Summary -

COTI is a blockchain 3.0 Proof of Trust DAG, Internal Exchange & Payment dApp. COTI aims to be the payment platform of choice for consumers, merchants & enterprise, bridging the gap between traditional and crypto payment platforms.

The COTI Trustchain consists of three main components, the Proof of Trust (PoT) Algorithm, Double Spend Protection (DSP) and Buyer Seller Protections.

COTI-X is an internal interoperability exchange and settlement layer, enabling cross currency payments, direct transfers of one currency to another and ensuring liquidy on the COTI platform.

COTI Pay is the payment dApp built on the COTI platform. COTI Pay offers a payment app and virtual debit card for consumers along with a POS software suite for merchants, including processing tools that allow a merchant to accept and mange payments from COTI Pay wallet holders.

COTI have also built a whitelabel solution for enterprise, allowing developers and organisations to issue their own branded tokens, payments apps and tools on top of the COTI platform along with a Universal Payment System that reconciles the functionality of PayPal and other online payment gateways with that of the cryptocurrency world. COTI’s UPS provides a comprehensive payment solution that combines all existing support systems of traditional payment processors with the added value of digital assets.

🔥More Info:
⚡️- https://medium.com/cotinetwork/coti-universal-payment-system-ups-8614e149ee76
⚡️- https://youtu.be/7v_ruHS483g
⚡️- https://medium.com/cotinetwork/introducing-cotis-global-trust-system-gts-an-advanced-layer-of-trust-for-any-blockchain-7e44587b8bda
⚡️- https://medium.com/cotinetwork/coti-opens-full-node-registration-and-reveals-staking-model-800bfcfdbe8a
⚡️- https://medium.com/cotinetwork/introducing-the-coti-multidag-b353793cf582

👨‍👩‍👧 Team:
- Shahaf Bar-Geffen - Serial Entrepreneur - https://www.linkedin.com/in/shahafbg
- Dr. Nir Haloani - Former Head of Research IBM - https://www.linkedin.com/in/nir-haloani-324876
- David Assaraf - Chief Internal Auditor HSBC - https://www.linkedin.com/in/david-assaraf-54656a150
- Eli Hallufgil - Master of Mathematics - https://www.linkedin.com/in/eli-erol-hallufgil-970847104
- Yoni Neeman - Computer Science - https://www.linkedin.com/in/yoni-neeman-64672247
- Anton Suslonov - Applied Mathematics - https://www.linkedin.com/in/anton-suslonov-558587103

- Full Team - https://coti.io/en/team.html

👨‍👩‍👧 Advisors:
- Dr. Matt McBrady - Former CIO BlackRock - https://www.linkedin.com/in/matt-mcbrady-387471
- Greg Kidd - CRO Ripple Labs - https://www.linkedin.com/in/gregkidd
- Stas Oskin - WINGS Foundation Co-founder - https://www.linkedin.com/in/stasoskin
- Nimrod Lehavi - CEO Simplex - https://www.linkedin.com/in/nimrodlehavi

👉 COTI links:
- Website - https://coti.io
- Twitter - https://twitter.com/COTInetwork
- Telegram - https://news.1rj.ru/str/COTInetwork
- Github - https://github.com/coti-io
- Technical Whitepaper -https://coti.io/files/COTI-technical-whitepaper.pdf
- COTI Pay Overview - https://coti.io/files/COTI-Pay-Overview.pdf
- COTI Token Economy - https://coti.io/files/COTI-Token-Economy-2019.pdf
See the panel of Nouriel Roubini, Craig Wright, Brock Pierce, Bobby Lee and Tone Vays in the video below...

Looks like a look of love don't you think?

https://twitter.com/i/broadcasts/1ynJOwPqBYZJR