Facebook Libra: Bear-hugging blockchain and banking

Crypto maximalism, the sweet spot, and disruption obstruction

Anthony Bardaro
Jul 10, 2019 · 32 min read
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👆choose GREEN to annotate this article or PINK to get a summary👆
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Founding members of the Libra consortium (prima facie)

The Endogenous Transaction Loophole and maximalism

Libra’s incentive problem and tax solution

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Cash under-the-table
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Can’t put this genie back into the bottle

Incumbents and the status quo

Bear-hugging disruptive innovations

The Prisoner’s Dilemma Wedge

The zero marginal cost flow state

Stablecoin tradeoffs and false narratives

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Percent of global sovereign debt with negative yield
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The business of Libra wallets

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Fractional reserve banking
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The “Libra Day” airdrop op

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Operation Airdrop

The Fat Wallets/Protocols/Dapps Trilemma

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Live look at Libra bear-hugging disruption

En brief

A working example of mutually-assured incentives

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All signal. No noise.

Adventures in Consumer Technology

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