Meet The New Global Superpower: The Libra Association

Banks and Governments must act now, or their control will crumble

Prof Bill Buchanan OBE FRSE
The Dark Side
Published in
8 min readJun 22, 2019

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This week, perhaps, is the real start of the tokenized economy. There will be a time before Libra, and the time after it. In fact, it could be one of the most fundamental changes that we have ever seen in our world. In fact, it finally shows Tim May’s vision of a world driven by public key encryption is coming true:

These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation.

And where he outlined the fundamentally change our finance infrastructure:

Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions.

The whole concept of money is thus likely to change because of Facebook Libra [here]. In fact, the whole concept of…

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Prof Bill Buchanan OBE FRSE
The Dark Side

Professor of Cryptography. Serial innovator. Believer in fairness, justice & freedom. Based in Edinburgh. Old World Breaker. New World Creator. Building trust.