Libra.org is now live.
"Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people."
This project is receiving a lot of attention, and is being described as "Facebook's crypto currency." Per TechCrunch, that's not necessarily an accurate description, though they were a primary backer of the project:
Facebook won’t fully control Libra, but instead get just a single vote in its governance like other founding members of the Libra Association including Visa, Uber, and Andreessen Horowitz who’ve invested at least $10 million each into the project’s operations.
I enjoy the writing of Fred Wilson from USV. Here is his post on the USV's involvement.
I think it's pretty easy to take a "Facebook is evil" and highly skeptical and pessimistic position. That position is totally justifiable given Facebook's track-record on privacy and a host of other issues. But I also think there's a reasonable case for optimism.
What do other people think?
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