Facebook’s New Currency Has Big Claims and Bad Ideas

Mon, 1 Jul 2019 02:38:55 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://foreignpolicy.com/2019/06/24/971554-facebook-bitcoin-libra-crypto-bad/>

"On June 18, Facebook finally released details of Libra, its
long-anticipated cryptocurrency. But the project, as well as having
regulators up in arms, is fundamentally misconceived. Absolutely
everything Facebook described in its press conference on Libra last
Tuesday could have been done on a conventional financial computer
network system — and better."

David Gerard on Facebook’s new financial amibitions.

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net                   Andrew Pam
http://www.xanadu.com.au/                 Chief Scientist, Xanadu
http://www.glasswings.com.au/             Partner, Glass Wings
http://www.sericyb.com.au/                Manager, Serious Cybernetics

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