Is Libra Dead?

Social media giant Facebook recently released the white paper for the new cryptocurrency Libra two weeks ago and the token has received wide criticism since.

Shortly after the release, Ethereum’s Joseph Lubin slated Libra, suggesting that it is sinister and that the intentions might not be as pure and trustworthy as Facebook would like it to seem. Several other cryptocurrency and finance experts have expressed similar opinions, pointing to a lack of trust towards anything that Facebook is behind.


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