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Dead on Arrival: Cofounder of Facebook’s Libra Departs

Dead on Arrival: Cofounder of Facebook‘s Libra Departs



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  1. Facebook together with Uber and Paypal plans to release a digital currency This tweet describes it the best:

    “Can’t wait for a cryptocurrency with the ethics of Uber, the censorship resistance of Paypal, and the centralization of Visa, all tied together under the proven privacy of Facebook.”

  2. Kevin Weil, a Facebook executive and a leader of Diem, the company’s digital currency initiative, announced on Thursday he is leaving in order to join a satellite firm.

    The news appears to be another setback for Facebook’s crypto ambitious, which the company unveiled with considerable fanfare in June of 2019 but have since stalled amid regulatory headwinds.

  3. tldr; Kevin Weil, a Facebook executive and a leader of Diem, the company’s digital currency initiative, announced on Thursday he is leaving in order to join a satellite firm. The news appears to be another setback for Facebook’s crypto ambitious, which the company unveiled with considerable fanfare in June of 2019 but have since stalled amid regulatory headwinds.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. Think of how easy this could’ve succeeded. Take whoever is designing it have them create it and tell the crypto community “we’re the team behind Libra a crypto that hopes to do this that and the other we’ve got some big partnerships in the works”.

    They get crypto community to invest and then slowly announce they’ve partnered with Uber, then PayPal then Facebook.

    This would’ve been a top coin in no time. Luckily for us they’re idiots and we’re like “Facebook make own money you like now?”

  5. They could be smart about it and integrate an actual independent crypto,

    But offcourse they wanna dominate the world with their own shit coin, as if we didn’t already have enough of those.

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