Libre Not Libra: Facebook's Blockchain Project

In this talk, Andreas answers the burning question... has he tried haggis? Just kidding. What should we make of Facebook's Libra whitepaper? Will it survive to become a production network? Why is Silicon Valley coming for banking? Does it change anything about the regulatory environment faced by open public blockchains? This talk is featured in The Internet of Money volume 3, which can be purchased in multiple languages in paperback, ebook, or audiobook: https://aantonop.io/tiomv3ebooks/ Chapters 0:00 Introduction 1:37 Facebook launched Libra 2:52 Facebook released a whitepaper 10:50 Three-body problem 13:21 Is Facebook's Libra a cryptocurrency or not? 14:46 The era of internet currency 16:58 The first to be affected by this are retail banks 18:48 Facebook is now going after central banks 21:03 Special drawing rights 22:30 The power to control money 24:02 The fundamental principles 39:30 As a technologist, I'm excited to see how technological systems change the world. As a human being, I am horrified. This talk was delivered on June 19th 2019 for the Scottish Blockchain Meetup at Craiglockhart Campus in Edinburgh, Scotland: https://aantonop.com/event/community-... RELATED: Facebook's Libra Blockchain -    • Bitcoin Q&A: Facebook's Libra Blockchain   The Five Pillars of Open Blockchains -    • The Five Pillars of Open Blockchains   Why Open Blockchains Matter -    • Why Open Blockchains Matter   Blockchain versus Bullshit -    • Blockchain vs. Bullshit: Thoughts on the F...   Measuring Success: Price or Principle -    • Measuring Success: Price or Principle   Bitcoin's Origins and the Genesis Blockade -    • Bitcoin's Origins and the Genesis Blockade   Security versus Complexity -    • Security vs. Complexity   Decentralised Globalisation -    • Decentralized Globalization: Cryptocurrenc...   Investing in Education instead of Speculation -    • Investing in Education Instead of Speculation   Beyond Price: Bitcoin's Impact on the Future -    • Beyond Price: Bitcoin's Impact on the Future   Decentralized Globalisation -    • Decentralized Globalization: Cryptocurrenc...   Black Markets, White Markets: A False Narrative -    • Black Markets, White Markets: A False Narr...   Escaping the Global Banking Cartel -    • Escaping the Global Banking Cartel - Bitco...   Money as a System-of-Control -    • Cryptocurrency Explained: Money as a Syste...   COMMENT below and let us know what you think of the video. Post your follow-up questions there too! SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications:    / @aantonop   JOIN this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks:    / @aantonop   BECOME a Community Builder:   / aantonop   LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop You can also learn from one of aantonop's many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter. About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission. **Learn More From Andreas* Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8 Audible: https://www.audible.com/author/Andrea... E-books & Merch: https://aantonop.io/shop Patreon:   / aantonop   Website: https://aantonop.com Workshops: https://aantonop.com/workshops **Connect with Andreas on Socials** Facebook:   / andreasmantonopoulos   Instagram:   / amantonop   LinkedIn:   / aantonop   Twitter:   / aantonop   Thanks for watching, sharing, and subscribing! Music: "Unbounded" by Orfan (  / grassfedbitcoin  ) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/) Join the aantonop Channel: https://aantonop.io/joinaantonopyt #Cryptocurrency #CryptocurrencyEducation #Facebook