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Facebook’s cryptocurrency Libra, explained

Facebook’s cryptocurrency Libra, explained

Move fast and bank things.

On Wednesday June 26, 2019, Elizabeth Lopatto at The Verge wrote:
Its fair enough to say this uses cryptocurrency technology, says Matthew Green, an associate professor of complaceer science at Johns Hopkins University.

That makes it more like a digital currency rather than a cryptocurrency, says Lana Swartz, an assistant professor of media studies at the University of Virginia whos studied the bitcoin community extensively.

Its genuine that the internet is, in some ways, decentralized since its not controlled by the government or a specific corporation. So maybe thats the reply: Starbucks launches StarBucks, its own branded cryptocurrency, and it just massacres Libra because we like and trust Starbucks, and we dont like or trust Facebook.

About the Author:

The Verge was founded in 2011 in partnership with Vox Media, and covers the intersection of technology, science, art, and culture. Its mission is to offer in-depth reporting and long-form feature stories, breaking news coverage, product information, and community content in a unified and cohesive manner. The site is powered by Vox Media's Chorus platform, a modern media stack built for web-native news in the 21st century. You can find more of Elizabeth Lopatto's content at theverge.com. Elizabeth Lopatto has recently written 2 articles on similar topics including crypto, facebook:
  • "Who needs comedy when we have cryptocurrency?". (July 15, 2019)
  • "Facebook is making promises that Libra can’t cash". (June 27, 2019)