It’s Not About The Benjamins

A new cryptocurrency powered by Facebook seeks to establish the company as a global financial powerhouse.

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Image by Gerd Altmann from Pixabay
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Image by David Mark from Pixabay

Worth your wait in history

The name, Libra, refers to an ancient Roman unit of mass, and is, in fact, the word for pound in several languages. This reference to the most powerful and influential empire in history is no accident and is indicative of the ambitions that the leaders of Facebook have for the new currency.

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Image by Christian Bueltemann from Pixabay

Power to the powerful

If the Libra is created, it will put unprecedented power into the hands of Facebook and Mark Zuckerberg. This gives many lawmakers pause, along with the fact that Libra has many moving parts, and thus much can easily go wrong.

I can already hear the conspiracy theories

Of course, Facebook expected such a response, and so the answer has already been provided in the form of the Libra consortium.

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Image by Michael Knoll from Pixabay

Written by

Couldn’t deal with the stress of bartending so went into Finance & Marketing. Founder of The Blunt Ogre. Prof. France. www.joshuadopkowski.com www.bluntogre.com

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