Libra

Facebook Libra - opportunity you didn't read about at launch

(Prologue - I am a public Facebook skeptic due to their numerous privacy and security shortcomings. See my #DataResponsibility blog. However I am encouraged by the steps Facebook’s Calibra Team outlined in the design of their first token offering)


The highly anticipated announcement (not launch) of "Facebook's Blockchain" focused on the many sides of its payment features. Serving the under-banked, removing payment friction for those with credit, tackling global crypto governance, domestic & international regulatory tangents, will all dominate Libra discussion for the foreseeable future. But those topics merely hint at its potential for both good & evil. This key paper of the Libra announcement indicates where the hidden majority of opportunity & risk actually lies.