Bill Barhydt on Libra: The Dawn of Corporate Money
Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.
Location: Palo Alto
Date: Wednesday, 24th August
Role: CEO & Founder
Facebook announced in June that they would be launching Libra, with the mission of enabling a "simple global currency and financial infrastructure that empowers billions of people".
Libra proposes a permissioned blockchain, meaning that unlike Bitcoin it isn't a decentralised project as control over the network is governed by the Libra Association. With these unique properties, Libra doesn't fit into the government-issued fiat financial model or the decentralised and trustless Bitcoin model instead. Libra is the dawn of a new type of money, the dawn of corporate money.
Libra has not come without criticism, from central banks to governments to the cryptocurrency community and even the President of the United States, the announcement has ruffled feathers.
Following two days of hearings in DC, where the head of Libra faced questions from Congress, there is still regulatory uncertainty regarding the currency. Other governments have also been pushing back, and there are rumours that some of Libra Association Founding Members are backing out. Will Libra even launch? If so, will it revolutionise money?
To kick-off the What Bitcoin Did Libra series I am joined by Bill Barhydt, the CEO and Founder of Abra. We discuss why Facebook is launching Libra, why they didn't use Bitcoin and why Bill considers Libra as positive.
SUPPORT THE SHOW
If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:
Become a Patron and get access to shows early or help contribute
Make a tip:
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
Connect with Bill:
Connect with Abra
Mentioned in the interview:
Other relevant WBD podcasts:
A big thanks to my WBD Maximalist Patrons for helping support the show: JP Petit, Logan Shultz, Seb Walhain, Steve Foster, Tony, Gordon Gould, David Burlington, Jesse Powell, Bitcoin Tina, BitHyve and Wiel Menger.