Facebook's Libra - A New Global Currency

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.”

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They’ll shake up the global remittance market big time, currently $600B.

Alphaville are fans then -

Here’s the BBC’s coverage -

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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.

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didn’t take long

https://www.bloomberg.com/news/articles/2019-06-18/france-calls-for-central-bank-review-of-facebook-cryptocurrency

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Not had much of an impact of Facebooks share price

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It will do when it’s launched. If I had the money I’d be purchasing some shares now, then wait for the payday :grinning:

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