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Don’t get me wrong. Already had a lot of appreciation for bitcoin well before I started on this journey, but appreciation is growing :). Just not a good medium of exchange (yet?).
Bitcoin works infinitely better as a medium of exchange than de facto banned vaporware.
Hard to argue against that. Although it’s a tad more than vaporware...
Don’t threaten governments by pushing a new basket currency
Make Libra currency agnostic
Make the chain support multiple currencies (
)
Let users transmit any currency they choose
Gov’s will love you as you digitize their money & support instead of compete with them
PayPal et. al. already do this.
Very different. There's no way to transfer a PayPal digital dollar to Square Cash and then to WhatsApp or even an indie wallet.
What if you could take the Libra blockchain & replace the Libra basket currency w/ ?
Stablecoins for each currency could run on the Libra chain.
PayPal could easily put their own "money" into a blockchain database controlled solely by them and share it to be implemented by others. It's the same. The technology itself is nothing if not used well, you have to let it go. It's the 101 of crypto. Decentralize.
The point of Libra is it won’t be Facebook’s blockchain but rather one run by a consortium of 100 corporations and eventually one run by many individuals in a PoS system (at least in theory). This is nothing like your scenario.
The difference is you have to trust Facebook word on that statement. I just prefer not too. even if true, I prefer not to trust any of the 28 (now even less) companies. As they say, don't trust, verify. We now have the possibility to do it, like we never could in the past.
Not for the unbanked Nick. Still too costly and UX is horrible. My grandma can't use.
My grandma can.
People seem to have never read your teachings on the blog you write. If the @Libra_ project had read, it would know how to bypass the system by eliminating points of failure. #buybitcoin
The good thing the project Libra has left a large open source infrastructure to be explored.
Bitcoin is the worst medium of exchange. Pick any 2nd gen crypto.. And it'll scale, be cheaper and more efficient than BTC.
What happened to the sov meme?
Yes, crappy medium of exchange beats, non existent medium of exchange any day. And if Bitcoin ever does become a better one, it would be banned, regulated because of the dangers inherent for society.
True. It just needs an hour to settle (if lucky, read if blocks are not jammed up). 
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