The best thing about Facebook’s proposed digital currency isn’t its BTF consensus algorithm, account-based data model or single Merkle tree structure. No, the greatest thing about Libra has to be the triggered reactions from politicians and bankers who can sense the rug being pulled from under their feet, threatening their hegemony and upending their world view. Here are eight memorable quotes from incensed officials.
Project Libra Has the Elite up in Arms
“Big tech in finance: opportunities and risks,” a report by the Bank for International Settlements (BIS):