Welcome back to another Crypto Daily 3 at 3.

What's going on, guys?

I got to tell you, for a while I was thinking about not doing a 3 at 3 today.

It was quiet for a minute there.

It's Friday, October 11th, by the way, for those of you who are listening.

Yeah, it was quiet, quiet, quiet.

I could have just gone into more of the news and recapping DevCon and stuff, but I was like,

you know, maybe people don't want to talk today.

But then the Friday afternoon news dump happened.

One of my favorite shows growing up was West Wing, and they had a whole episode about

the Friday news dump and taking out the trash. and boy, oh boy, did that happen today. So just about

an hour ago, I saw on Joe, the stalwart's thread here, eBay to exit Facebook's Libra

Cryptocurrency, Stripe to exit Libra's Facebook, Libra Cryptocurrency. MasterCard is set to exit Facebook's Libra cryptocurrency.

And later we would get one more Visa is also leaving.

So that's five partners if you include PayPal last week.

So obviously bad, bad news for Facebook, right? So let's talk about a little bit

about the context. Obviously, Libra Association announced itself. They had all these banner partners.

Part of the whole idea was that the existing financial infrastructure would be kind of bought in.

And, you know, this is a real group effort in some ways right

this is about the creation of a new system together that benefits more people right it's not trying

to recreate things in ways that just enriched Facebook and a lot of that was hung on this association

what's more the association was meant to provide backstop against Zuckerberg, just

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