Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy

Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors. Money raised by selling the Libra Investment Token is said to…

‘Crypto Twitter’ anxiously awaits white paper for Facebook’s Libra cryptocurrency

Tomorrow, Facebook is expected to release full details of its new “cryptocurrency” project Libra — as always, Twitter has lots to say. Few concrete facts about Facebook‘s Libra (formally known as GlobalCoin) have been made public so far. Reports indicate the likes of Mastercard, Visa, Stripe, and PayPal have already paid a $10 million fee to become validators…