59 — Libra: Forking the Fed
The Libra announcement is more than just a new digital currency
1 min readJun 21, 2019
David and Christian go through David’s most recent article “Libra: Forking the Fed”, and unpack how significant this is, not just for cryptocurrency, but for the world at large.
Article: Libra, Forking the Fed
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On the surface…
Libra seems to be Facebook’s new innovation and experimentation of new products. However after peeling back the layers, Libra has significant implications for the state of the world, and throws another curveball into already chaotic political and technological climate we find ourselves in.
Topics:
- Libra is a declaration of independence from Big Tech
- The finance structure of the Libra Association
- What will actually back a Libra?
- Owning the Libra Network
- Crypto vs. Libra vs. Nation States
