The new Facebook cryptocurrency

Here is a thread on the new project from those running it, here is the White Paper (which I have yet to read).  Here is an FTAlphaville analysis of how it may not use a blockchain after all.  Note this:

Another important aspect of the Libra Blockchain is Move, its new programming language. This programming language will, says Facebook, allow users to define their own smart contracts in the future. Smart contracts are agreements written in code whose clauses are automatically enforced when a set of pre-determined criteria is met.

Any comments from the experts in the MR reading audience?  By the way, if you haven’t been paying attention the Facebook share price is up 44.2% this year.  Alphabet is up 4.7%.

Here is a further FTAlphaville analysis: “Managing a pegged monetary reserve system isn’t all that easy.”

Here is a Hacker News thread.