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Libre Not Libra: Facebook’s Blockchain Project

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In this talk, Andreas answers the burning question… has he tried haggis? Just kidding. What should we make of Facebook’s Libra whitepaper? Will it survive to become a production network? Why is Silicon Valley coming for banking? Does it change anything about the regulatory environment faced by open public blockchains?

0:00 Introduction
1:37 Facebook launched Libra
2:52 Facebook released a whitepaper
10:50 Three-body problem
13:21 Is Facebook’s Libra a cryptocurrency or not?
14:46 The era of internet currency
16:58 The first to be affected by this are retail banks
18:48 Facebook is now going after central banks
21:03 Special drawing rights
22:30 The power to control money
24:02 The fundamental principles
39:30 As a technologist, I’m excited to see how technological systems change the world. As a human being, I am horrified.

This talk was delivered on June 19th 2019 for the Scottish Blockchain Meetup at Craiglockhart Campus in Edinburgh, Scotland.

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in BitcoinBitcoin1$ 57,664.770.18%-6.01%-15.89%details. He is the author of “Mastering Bitcoin,” “The Internet of Money” series, and “Mastering Ethereum.”

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