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1/ There is quite a lot to digest around #LibraCoin. Much of the discussion so far has focused on the technology elements and the legal and regulatory and framework. I am more intrigued by the underlying economics.
2/ Because the Libra token will both be non-interest-bearing and broadly “stable” in value, there will be a strong economic disincentive to hold it for any period of time. In this respect, it will be similar to the many other “stable coins” already on the market.
3/ However, the stated mission of the Libra project is quite different from that of most other stable coins. From their whitepaper: “The mission for Libra is a simple global currency and financial infrastructure that empowers billions of people.”
