Libra First Impressions

Part 1: Smart Contracts are not created equal

One of the most anticipated tech stories of the year is Facebook’s cryptocurrency — the Libra project. On June 18th, 2019, Facebook released the Libra white paper with the first iteration of the project source code and a technical white paper. With a goal of a denationalized global currency (Hayek 1976), Libra project has ambitious cryptoeconomic designs, governance rules, and an impressive coalition of partners.

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