TGIF Beautiful people! Wrapping up the week with 5 thoughts on Facebook's #LibraCoin. #Potus45 came out yesterday blazing away on twitter saying #Bitcoin wasn't money and FB would need to get a banking license if it wanted to doing banking.
What does this mean for the future of #LibraCoin and cryptocurrencies?
Here is my break down of Libra in 5 points. You can watch the full video here: https://youtu.be/PndHtMm0kvQ
1 Blockchain tech works. So lets skip HOW Libra works and focus on WHAT it disrupts
2. Privately minted money…good idea? Bad idea? Worse idea in history?
3. The #GoldenRule "he with all the gold makes the rules". Will #Facebook be a benevolent dictator?
4. Operational efficiency is code for let's get rid of SWIFT, Ripple, #Banks etc…
5. Why the The World Bank and #IMF care about #LibraCoin? Cause when you're the global fiscal bullies, who wants competition?
Last but not least here are the 3 positions every firm needs going into 2020:
#BlockchainNerdArmy #UNHBlockchainLaw #UNHBlockchain