The cryptocurrency world is reeling this week from the white paper of Libra, a coming cryptocurrency with so much corporate buy in, it threatens to change the payments industry.
Most people are saying this is a Facebook Coin, but that's not how Facebook wants it to be seen. To businesses, Facebook is a somewhat tacky brand, known as a vehicle for fake news, and selling people's data for money, and for all its users being dumb fucks. So although Facebook incubated the project, and will provide the initial users, Libra is a separate entity controlled by many multinational corporations. The...