BREAKDOWN: Why High-Profile Defections Aren’t Libra’s Biggest Challenge
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 22 January 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
News broke yesterday that the Libra Association had seen it’s eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues that Association members are far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the US’s fear of a Chinese digital currency.
Also in this episode, Square Crypto announces its plans for a 'Lightning Development Kit' while Square also announced a new patent that could make crypto easier to use. In regulatory battles, meanwhile, both the Blockchain Association and the Chamber of Digital Commerce have filed amicus briefs around the SEC-Telegram lawsuit.
Topics Discussed
Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association
Square Crypto Is Creating a 'Lightning Development Kit' for Bitcoin Wallets
Jack Dorsey's Square Wins Patent for Fiat-to-Crypto Payments Network
Blockchain Association Sides With Telegram Against SEC, Says Grams Are Not Securities
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Transcript
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| 0:53.8 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:04.0 | The Breakdown is distributed by CoinDesk. |
| 1:08.0 | Welcome back to The Breakdown. It is Wednesday, January 22nd. And today we're going to kick |
| 1:15.8 | off by looking at the latest high-profile defection from the Fledgling Libra project and what it |
| 1:21.8 | means for Facebook. Second, we're going to be looking at Square Crypto, which has just announced |
| 1:26.9 | a new lightning-related |
| 1:28.1 | project, as well as breaking news of a new patent that has implications for their efforts |
| 1:33.8 | with crypto. |
| 1:34.9 | And third, and finally, we'll be looking at some interesting legal intrigue around Telegram's |
| 1:40.1 | case with the SEC. |
| 1:42.3 | Yesterday, Vodafone became the latest company to leave the Libra Association, and in fact, |
| 1:48.1 | the eighth overall to leave the association. |
... |
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