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I think Libra is a fine digital currency. It explores semi-centralized/semi-decentralized category. The main problem with Libra is its timing. It's too early. I
by dnprock 7y ago
I think Libra is a fine digital currency. It explores semi-centralized/semi-decentralized category. The main problem with Libra is its timing. It's too early. I don't think the market is ready for it.
Most people think Bitcoin is working as a digital native currency. In reality, Bitcoin is not doing anything much. Bitcoin community is sticking with digital gold, Store of Value narrative. That makes Bitcoin uninteresting. Normal people cannot really use it.
There is a big gap between digital native crypto like Bitcoin and government issued currencies. The market needs to evolve to fill in the gap before we can use a currency like Libra.
I outline the problem I see in the below article. I think we need a digital native stablecoin to connect Bitcoin to the real world.
https://bitflate.org/post/2019/08/26/bitcoin-missing-link-to-the-world.html https://bitflate.org/post/2019/08/26/bitcoin-missing-link-to...