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Facebook Libra Denationalisation of Money PDF
Facebook Libra Denationalisation of Money PDF
Denationalization of
Money
Who am I?
◦ Tito Titov
◦ Bachelor in Computer Science
◦ Master of Business Administration
◦ Blockchain and Crypto enthusiast
◦ CEO of WeiDex
◦ The youngest member of Cobden Partners
Contents
Electronic payment
system based on Proof-of-Work
Transactions Timestamp Server
cryptographic proof (Miners)
instead of trust
Bitcoin Whitepaper
Immutable
Ethereum Smart
Contracts
Open source
Backed by a Network of
Stable digital
reserve of real exchanges buying
cryptocurrency
assets and selling Libra
GOVERNING ENTITY THAT IS NOT-FOR-PROFIT MEMBERSHIP
COMPRISED OF DIVERSE AND ORGANIZATION,
INDEPENDENT MEMBERS HEADQUARTERED IN GENEVA,
SWITZERLAND
Libra Association
INCENTIVES TO FOUNDING
MEMBERS
Technical improvements
Establishment of geographically
distributed and regulated group of
Future of libra global institutional custodians for
the reserve
Facebook is only one of the members, but owns Libra uses the blockchain technology, but only a
the whole userbase and controls the codebase few selected members and their nodes can
govern the network
Public vs ◦ Libra is permissioned blockchain
Private
◦ Libra blockchain can be censored
◦ Libra is not fully transparent
blockchain
◦ Libra cannot be a global currency, because
the governments will not allow it
◦ Libra is centralized and could be censored
◦ Libra is a double-edged sword
My Final
◦ It will be many attempts for Libra like
Thoughts
digital currencies in the following years