Mark Zuckerberg has offered many reasons for Facebook’s pursuit of Libra, its attempt at a global cryptocurrency. From banking the unbanked to maintaining America’s economic dominance, he’s presented the digital currency as a noble effort. There are fundamental limitations inherent in blockchain technology, which restrict the viability of cryptocurrencies for public use. Read More...
Facebook is beating a dead horse with Libra
Mark Zuckerberg has offered many reasons for Facebook’s pursuit of Libra, its attempt at a global cryptocurrency. From banking the unbanked to maintaining America’s economic dominance, he’s presented the digital currency as a noble effort. There are fundamental limitations inherent in blockchain technology, which restrict the viability of cryptocurrencies for public use.
