I saw a few articles this week on something from Facebook called 'Project Libra'. The gist from Bloomberg: "According to Facebook insiders, the blockchain group is developing a stablecoin, a type of digital currency pegged to the U.S. dollar or a basket of currencies, making it less prone to swings in price." I don't see anything good coming out of this. "It looks like the long-term vision is creating a sort of marketplace model within Facebook," said Harshita Rawat, a payments analyst at Sanford C. Bernstein & Co. This way we can get the same social responsibility and public good Facebook has provided to social networking in our financial markets - all closed withing Facebook's ecosystem. More: CoinDesk, Michael Spencer, The Block, Gizmodo, CoinTelegraph, etc.
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