Libra And The Internet Of Money

David Galbraith
Jun 19 · 5 min read
Owned by a consortium isn’t quite the same as decentralized
More of a reaction to WeChat than a validation of blockchain technology


A negative cost of capital, like Berkshire Hathaway. In the 2018 Berkshire Hathaway annual shareholders meeting, Charlie Munger identified WeChat as one of the few potential competitors to Visa, Mastercard and American Express

The last decentralization wave resulted in massive centralization. Sean Parker, the founder of the most famous decentralized file-sharing platform, Napster, ended up becoming President of Facebook

Image result for token
Tokens have paved the way for Facebook in how to navigate between security laws and anti-trust

The US internet model is based on ads, whereas the Chinese one is based on transactions

Anthemis Insights

Thoughts on the future of financial services from the Anthemis ecosystem

David Galbraith

Written by

Architect: I used to design buildings, now I design companies. http://davidgalbraith.org

Anthemis Insights

Thoughts on the future of financial services from the Anthemis ecosystem