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6 tweets,
2 min read
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On some level, it's hard to overstate what a big deal this is. Who knows if this will end up going anywhere, but Facebook attempting to launch a new global cryptocurrency is just a massive endeavor either way libra.org/en-US/
"The Libra Blockchain is pseudonymous and allows users to hold one or more addresses that are not linked to their real-world identity." libra.org/en-US/white-pa…
"The assets in the Libra Reserve will be held by a geographically distributed network of custodians with investment-grade credit rating to provide both security and decentralization of the assets."
This is key:
"While the network is open and accessible to everyone with internet access, the network's main endpoints, in the form of exchanges and wallets, will need to follow applicable laws and regulations and collaborate with law enforcement."
libra.org/en-US/about-cu…
"While the network is open and accessible to everyone with internet access, the network's main endpoints, in the form of exchanges and wallets, will need to follow applicable laws and regulations and collaborate with law enforcement."
libra.org/en-US/about-cu…
Thread here from the key executive behind Libra
Great thread here.
