I’d enjoy understanding why you believe Libra is required to move the internet forward.
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Geoff, thanks for asking. There needs to be a way to instantly transact anyplace in the world. Cross border transactions today are fractured. The potential to embed a payment protocol into the Internet stack is vital. Nano and micro payments are needed to pay for content.
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Brian - when you have a moment - would love your POV on this list of possible objections for Libra. Which one has merit in your opinion?https://twitter.com/lawmaster/status/1140953009448525824 …
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Bernard, thanks for asking. You know from my perspective Libra is like any other proxy currency. More an American Express Travelers Check or Postal Money Order then it is Bitcoin. It just happens to borrow some minor aspects of Bitcoin. So Libra come with all these “features”.
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Brian, other than an aura effect on crypto in general in the short term what do you see as the longterm reason Libra as a separate coin would cause Bitcoin to rise?
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Alec, thanks for asking. Bitcoin was created to be an anchor point to the currencies of the world. It is not really designed for payment but permanence. The value of Bitcoin is that as other currencies lose buying power, Bitcoin sustains or grows in buying power.
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Any company that wants to compete in the new economy (~5 years) should create/join a "Libra equivalent" cryptocurrency. People may scoff at this statement, but in 5 years, just watch for press articles about "multi-currency corporate world". Losers and winners, big time.
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Curious on your take on effects Libra will have on XRP - both have some similar thinking/strategies behind them
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