Centralized models will never reach mass adoption.
Facebook's Libra Stablecoin Is Just the Beginning in the Digital Currency Race
The decor inside the offices on Facebook’s campus in Menlo Park, Calif., can best be described as “unfinished.” Steel girders crisscross overhead. Piping and air ducts pop out of plywood walls. Lighting, fire alarms, and support structures dangle from the underside of the floor above—all exposed to view. The state of incompletion is not for want of funds. Despite scandals, Facebook continues to post record profits—$6.1 billion in the most recent quarter. Rather, the inchoate quality intentionally reflects the design philosophy of Mark Zuckerberg, the company’s founder and autarch. Zuckerberg likes to say ... (full story)