• About
  • FAQ
Newsletter
BlockBar
  • Home
  • About
    • Advertise
    • Contact Us
    • FAQ
    • Sitemap
  • News
    • Blockchain
    • Bitcoin
    • Ethereum
    • Business
    • Guides
  • Bitcoin
  • Blockchain
  • Business
    • Press Release
    • Market
    • Exchanges
    • Regulation
  • Ethereum
  • Press Release
  • Sitemap
No Result
View All Result
  • Home
  • About
    • Advertise
    • Contact Us
    • FAQ
    • Sitemap
  • News
    • Blockchain
    • Bitcoin
    • Ethereum
    • Business
    • Guides
  • Bitcoin
  • Blockchain
  • Business
    • Press Release
    • Market
    • Exchanges
    • Regulation
  • Ethereum
  • Press Release
  • Sitemap
No Result
View All Result
BlockBar
No Result
View All Result
Home Blockchain

The Idea of Libra Suspected of Plagiarizing an Famous Dissertation

Mo Chou by Mo Chou
July 28, 2019
in Blockchain, Business, News, Regulation, Reviews
0
The Idea of Libra Suspected of Plagiarizing an Famous Dissertation
194
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

(BlockBar) MIT scholars accuse Facebook of plagiarizing the results of their dissertation on Libra’s design.

The globally encrypted currency project “libra” that the social networking company “Facebook” is promoting is strikingly similar in several respects to what was envisaged in a paper published last year in the Royal Society’s Open Science Publication.

Related articles

Bakkt Tests Its Bitcoin Future Contracts and Expected to  be Online by September

Bakkt Tests Its Bitcoin Future Contracts and Expected to be Online by September

August 1, 2019
The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

August 1, 2019

For example, the Libra White Paper proposes a digital currency whose value is stable because it has a basket of sovereign currencies and short-term debts to support it. This is similar to the paper published by Alex Lipton, Thomas Hardjono and Alex “Sandy” Pentland of MIT in July 2018, which describes a supranational digital token, Tradecoin, supported by assets. (Of course, the assets they propose are commodities such as oil or crops).

Libra is a group of 27 financial, technological and venture capital firms dedicated to the development of the libra project, similar to the alliance that mentioned in the above paper to manage Tradecoin. To be fair, Libra’s economic design, as stated in its white paper, is designed to complement existing infrastructure; as the Libra Association says, they do not want to infringe on the authority of the Central Bank. Tradecoin, by contrast, can be seen as a real-world challenger, allowing “small countries, sovereign wealth funds and pension funds to be treated fairly in the world financial system, rather than being ignored or exploited by large central banks,” as the author pointed out in a recent paper. Both tokens are designed to simplify domestic and cross-border payments and, at a higher level, to extend financial services to areas where banks are inadequate. Of course, Libra and Tradecoin both use distributed accounts.

The scholar of Connection Science from MIT said: “The actual structure of Libra almost completely copies the papers I published last year with Sandy Pentland and Thomas Hardjono.” Lipton sounded a little angry. He said that Libra’s papers did not mention the contributions of these scholars at all, but what was even more irritating was that the paper was part of the Royal Society’s scientific research which was completely free.

Lipton pointed out that the paper he co-authored with Pentland was the cover article of Scientific America on the future of currency. “The Libra team can’t say they haven’t read this book. Or, if they hadn’t read that article, they probably shouldn’t have done what they were doing in the first place. However, Facebook declined to make a comment towards it.

Mo Chou

Weekend is the most representative female writer in the blockchain industry. She is known for her keen news capture ability and is good at English writing of blockchain news in the Chinese region.

Tags: Libra; Facebook; plagiarize; Royal Society
Share78Tweet49

Related Posts

Bakkt Tests Its Bitcoin Future Contracts and Expected to  be Online by September

Bakkt Tests Its Bitcoin Future Contracts and Expected to be Online by September

by Mo Chou
August 1, 2019
0

(BlockBar) The Bakkt, a Bitcoin Futures Exchange, is now testing Bitcoin future contracts and is expected to be officially online...

The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

by Mo Chou
August 1, 2019
0

(BlockBar) Bitcontinental's head of operations in Russia says the waiting time for Bitmain’s hardware increased this year, with the launch...

Monetary Authority of Singapore Warns of New Bitcoin Scam by Forged Statement

Monetary Authority of Singapore Warns of New Bitcoin Scam by Forged Statement

by Mo Chou
August 1, 2019
0

The monetary authority of Singapore (MAS) has been alerted to an online bitcoin (BTC) scam that offers bitcoin investments using...

Ripple Asks US Congress to  Treat Cryptocurrency Industry Fairly

Ripple Asks US Congress to Treat Cryptocurrency Industry Fairly

by Mo Chou
July 31, 2019
0

(BlockBar) On July 28, Ripple, the Block Chain Payment Network, submitted an open letter to U.S. regulators, hoping to hold...

Based on FISCO BCOS, WeBank Comprehensively Displays Distributed Commerce with Blockchain Technology

Based on FISCO BCOS, WeBank Comprehensively Displays Distributed Commerce with Blockchain Technology

by Mo Chou
July 31, 2019
0

Summary: On the basis of FISCO BCOS, WeBank has laid a comprehensive commercial map of block chain and upgraded from...

Load More
  • Trending
  • Comments
  • Latest
Andrew Yang Pro Crypto

Presidential Contender, Andrew Yang States Crypto Framework In The U.S. Is Unclear, Unfair

May 17, 2019
Trump’s Advisor Is Urged to Promote Blockchain

Trump’s Advisor Is Urged to Promote Blockchain

June 1, 2019
David Schwartz Defends XRP Over Bitcoin, Drags Into An Online Debate

David Schwartz Defends XRP Over Bitcoin, Drags Into An Online Debate

June 10, 2019
Bitcoin Futures

Vancouver Puts A Ban On Bitcoin ATMs

June 10, 2019

A Major Vulnerability Has Frozen Hundreds Of Millions Of Dollars Of Ethereum

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Bakkt Tests Its Bitcoin Future Contracts and Expected to  be Online by September

Bakkt Tests Its Bitcoin Future Contracts and Expected to be Online by September

August 1, 2019
The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

August 1, 2019
Monetary Authority of Singapore Warns of New Bitcoin Scam by Forged Statement

Monetary Authority of Singapore Warns of New Bitcoin Scam by Forged Statement

August 1, 2019
Ripple Asks US Congress to  Treat Cryptocurrency Industry Fairly

Ripple Asks US Congress to Treat Cryptocurrency Industry Fairly

July 31, 2019
BlockBar




Blockbar specializes in blockchain and cryptocurrency related reports, and our goal is to become the world’s leading news gateway for blockchain cryptocurrencies.





News Categories

  • Banking
  • Bitcoin
  • Blockchain
  • Business
  • Education
  • Ethereum
  • Exchanges
  • Guide
  • Market
  • News
  • Opinion
  • Politics
  • Press Release
  • Regulation
  • Reviews
  • Security

Got a tip? Feel free to let us know!

Newsletter

  • About
  • FAQ
  • Contact Us

© 2019 BlockBar. All Rights Reserved.

John Danie
John Danie

John Danie is a highly experienced marketing strategist and businessman in the blockchain industry who likes the pace of the development of cryptocurrency, especially in blockchain technology where it can move so fast. Being a fintech writer and crypto reporter with a fascination for tech and a passion for starting interesting conversations, he seeks to create authentic news stories in the industry.

No Result
View All Result
  • Home
  • About
    • Advertise
    • Contact Us
    • FAQ
    • Sitemap
  • News
    • Blockchain
    • Bitcoin
    • Ethereum
    • Business
    • Guides
  • Bitcoin
  • Blockchain
  • Business
    • Press Release
    • Market
    • Exchanges
    • Regulation
  • Ethereum
  • Press Release
  • Sitemap

© 2019 BlockBar. All Rights Reserved.