Tech Brew Ride Home (Bonus) CoinDesk's Brady Dale On Libra and the "Crypto Spring"
Jun 22, 2019
Brady Dale, a reporter from CoinDesk specializing in cryptocurrency, dives into the ramifications of Facebook's Libra initiative. He examines how the crypto community grapples with mixed feelings about Libra, questioning its impact on the financial landscape. Dale also discusses the varied governmental reactions to Facebook's bold move, emphasizing regulatory hurdles. Finally, he analyzes Bitcoin's recent surge towards $10,000, suggesting we might be moving out of the crypto winter and into a dynamic crypto spring.
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Crypto Community Reaction to Libra
- The crypto community's reaction to Libra is mixed, but broadly positive.
- Many see it as validation and a potential on-ramp for other cryptocurrencies.
Libra's Blockchain Nuances
- Libra isn't truly permissionless and doesn't use blocks like traditional blockchains.
- It employs a system of unspent transactions and achieves distributed consensus.
Impact on Existing Crypto Projects
- Libra's focus on payments might negatively impact projects like Stellar or Ripple.
- Libra's narrow focus and disciplined approach are seen as compelling.