Caitlin Long on Why Facebook's Libra Coin is Good for Bitcoin

Interview location: Skype

Interview date: Monday 17th Jun, 2019

Company: Wyoming Blockchain Coalition

Role: Co-FounderFacebooks venture into cryptocurrencies raises many questions. Will Libra coin lead to mass financial surveillance? Will Facebook share our data with governments? Will Libra be a net benefit for Bitcoin.While many Bitcoiners are understandably cautious:

- Facebook has a long history of abusing privacy

- Libra is a centralised coin and likely not censorship resistant

- The goal is to educate people about Bitcoin, not a proxy dollar coinStill, the introduction of Libra does present an opportunity to further the growth in adoption of Bitcoin:

- Over 2 billion people will be introduced to the term cryptocurrency

- The Libra/Bitcoin chart will likely highlight the value of Bitcoin rising against LibraLibra comes with much regulatory uncertainty, but it is also could be a tool for good in developing countries with poor fiscal discipline. Also, it is an opportunity to increase the reach and education of Bitcoin.In this interview, I chat with Caitlin Long, co-founder of the Wyoming Blockchain Coalition, about Facebook’s venture into cryptocurrencies. We discuss interest payments, regulations, and why Libra will be good for Bitcoin.-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:

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