MIT's Blockchain newsletter takes a good look at Facebook and their activity with the Blockchain Libra. Also a pointer to Facebook's 29-page paper on the topic. Reading now. More is sure to follow. Again I recommend signing up for this newsletter to follow the rapidly evolving area.
MIT Technology Review
Chain Letter
Blockchains, cryptocurrencies, and why they matter
06.20: Move fast and break things
Welcome to Chain Letter! Great to have you. Today we'll be taking a good long look at Facebook's much-hyped foray into the digital currency realm.
We have lots of questions about Facebook’s new digital currency. What did Facebook just do? Officially, it launched a test network for its own digital currency, called Libra coin. But nobody—not even Facebook—seems to be sure what that fully means.
In a new white paper (PDF) describing the project, Facebook tells us that the goal is to build a “financial infrastructure that can foster innovation, lower barriers to entry, and improve access to financial services.” Beyond that, however, the situation is quite unsettled. .... "
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