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Discussing the launch of Libra, "A new global currency"
Libra.org is now live.
"Libras mission is to enable a simple global currency and financial infrastructure that empowers billions of people."
This project is receiving a lot of attention, and is being described as "Facebook's crypto currency." Per TechCrunch, that's not necessarily an accurate description, though they were a primary backer of the project:
Facebook wont fully control Libra, but instead get just a single vote in its governance like other founding members of the Libra Association including Visa, Uber, and Andreessen Horowitz whove invested at least $10 million each into the projects operations.
I enjoy the writing of Fred Wilson from USV. Here is his post on the USV's involvement.
The Libra code is on GitHub: https://github.com/libra/libra
And they've also open-sourced a related programming language called Move: https://developers.libra.org/docs/move-paper
I think it's pretty easy to take a "Facebook is evil" and highly skeptical and pessimistic position. That position is totally justifiable given Facebook's track-record on privacy and a host of other issues. But I also think there's a reasonable case for optimism.
What do other people think?
Original Link: https://dev.to/peter/discussing-the-launch-of-libra-a-new-global-currency-o2b
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