Today’s show is all about the Libra crypto currency and eco system announced by Facebook this week. The White Paper on this is, truly, a chilling document.
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This is the extract from the Libra White Paper I read:
As we embark on this journey together, we think it is important to share our beliefs to align the community and ecosystem we intend to spark around this initiative:
- We believe that many more people should have access to financial services and to cheap capital.
- We believe that people have an inherent right to control the fruit of their legal labor.
- We believe that global, open, instant, and low-cost movement of money will create immense economic opportunity and more commerce across the world.
- We believe that people will increasingly trust decentralized forms of governance.
- We believe that a global currency and financial infrastructure should be designed and governed as a public good.
- We believe that we all have a responsibility to help advance financial inclusion, support ethical actors, and continuously uphold the integrity of the ecosystem.