Libra - A ton of information on their website. A very interesting set of Founding Members.
FT Alphaville is doing a series on Libra coin, starting with Facebook’s Libra: blockchain, but without the blocks or chain, the introduction is funny “This is just one of a series of Alphaville posts on Libra coin, which we are calling Breaking the Zuck Buck, in which we will seek to show how nonsensical, pointless, stupid, risky, badly thought-out and blockchainless the whole thing is.”
I wonder what the Winklevii think. Ben Mezrich ( Accidental Billionaires ) author wrote a new book on them. It’s a bit hyperbolic but still a good account of how they ended up with 1% of Bitcoin.
I’m still not clear what Libra offers over and above crypto or fiat. It’s almost the worst of both worlds. No privacy, regulated but not legally backed, value will still move based on the basket currencies, and “better payments” how?
I can actually see some governments being interested if they can prevent it being spent with on/with unauthorised things/entities.