Bitcoin Q&A: Facebook's Libra Blockchain
Channel: aantonop
Date: 2019-06-11

Why is Facebook's Libra Blockchain neither a true cryptocurrency nor a threat to Bitcoin? What requirements and restrictions will GlobalCoin users have? Who will they compete against?

CORRECTION: At 4:58, I say that PayPal only serves twenty to thirty countries. They actually claim to be available in "in more than 200 countries/regions," but the point still stands about people in some countries have more limited access than others.
https://www.paypal.com/us/webapps/mpp/country-worldwide

Chapters
0:00 It's official, Facebook is giving us global coin early next year. Please put all our concerns to rest and remind us why this will only compete against central banks and FIAT currency and not be a threat to bitcoin
1:03 They can't be censorship resistant
2:47 They can't be borderless
3:22 They can't be neutral
5:14 They can't be public
5:41 They can't be open
6:02 They are not a cryptocurrency
6:23 Banks should be scared about this
7:38 Facebook's Libra can never be a cryptocurrency

This question is from the May monthly subscriber session, which took place on May 25th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

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