Treasure of the Day
Friday, June 28, 2019!
WHAT IS TODAY’S TREASURE?
An article that compares Libra (Facebook’s new cryptocurrency) with Bitcoin and PayPal.
HOW’D YOU DISCOVER IT?
Come on, guys. Y’all can assume the Google News feed by now. Hahaha!
WHAT DO YOU LIKE ABOUT IT?
1. Succinct comparisons. The article does a good job of comparing Libra to Bitcoin and Paypal, all the while making it clear that Libra is kind of its own animal.
2. Good use of visuals. I really, really liked the visuals showing how each (Libra, Bitcoin, and PayPal) work from start to finish. I could’ve looked at these visuals by themselves and understood the differences.
HOW MIGHT THIS BE USEFUL FOR ME?
I think awareness is the main thing. At this point, I’m not sure if I would adopt Libra into my life. However, things change. At the very least, I want to be informed about how Libra works.
I think the article is also useful on the basis of understanding that although Libra is a cryptocurrency, it has some fundamental differences compared to Bitcoin. For example, Bitcoin is decentralized and Libra is centralized.
ANY FINAL COMMENTS?
Given that a handful of corporate partners (e.g., Mastercard, Visa, PayPal, Coinbase, Spotify, etc.) have already jumped on the Libra ship, Libra could have a significant impact in our society in a short amount of time.
“I think the article is also useful on the basis of understanding that although Libra is a cryptocurrency, it has some fundamental differences compared to Bitcoin.”