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RE: LeoThread 2025-11-17 03-23

in LeoFinance15 days ago

Part 19/26:

Throughout the discussion, there's an acknowledgment of the moral implications of a tech giant like Facebook controlling money for billions. To address these concerns, they embraced the creation of Libra as a way to distribute governance—forming a Libra Association with 28 members, each with an equal vote, removing Facebook's direct control. The goal: to foster a decentralized issuance of the currency, although ultimate challenges—like stablecoins' susceptibility to runs—convinced them that only Bitcoin could offer the stability and censorship resistance needed.

The Evolution Toward Bitcoin