BREAKDOWN: Why High-Profile Defections Aren’t Libra’s Biggest Challenge

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4.7 • 698 Ratings

🗓️ 22 January 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
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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