{"product_id":"libra-shrugged-how-facebook-tried-to-take-over-the-money-paperback","title":"Libra Shrugged: How Facebook Tried to Take Over the Money - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eDavid Gerard\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom Libra to Diem\u003cbr\u003eSilicon Valley tries to disrupt the world - and the world says \"no.\"\u003c\/b\u003e\u003cbr\u003eFacebook: the biggest social network in history. A stupendous, world-shaping success. But governments were giving Facebook trouble over personal data abuses, election rigging and fake news.\u003cbr\u003eMark Zuckerberg wondered: what if Facebook could pivot to finance? Or, better: what if Facebook started its own private world currency?\u003cbr\u003eFacebook could have so much power that governments couldn't stop them. It would be the Silicon Valley dream.\u003c\/p\u003e\u003cp\u003eFacebook launched Libra in June 2019. Libra would be an international currency and payment system. It would flow instantly around the world by phone. It could even \"bank the unbanked.\" Libra could apparently do all this just by using a \"blockchain.\"\u003c\/p\u003e\u003cp\u003eBut Libra would also make Facebook too big to control- and to lead the way for Facebook's Silicon Valley fellows to swing the power of their money as they pleased. Facebook and their friends could work around any single country's rules. Libra could shake whole economies.\u003c\/p\u003e\u003cp\u003eAnd Facebook would become the \"digital identity\" provider to the world. If you wanted to use money at all, you'd have to go through Facebook.\u003c\/p\u003e\u003cp\u003eGovernments looked at Libra - and they saw another 2008 financial crisis in the making. Facebook's plan would have made the company even more entrenched - at the cost of broken economies worldwide. Starting with toppling the US dollar.\u003c\/p\u003e\u003cp\u003eLibra was as incompetent as it was arrogant - and the world stopped it in its tracks. But how did Facebook put forward such a bizarre and ill-considered plan, that left every regulator who saw it reeling in horror?\u003c\/p\u003e\u003cp\u003eAnd what happens when another company tries the same trick? Or when Facebook won't take \"no\" for an answer, and releases the cut-down version that they're already calling \"Libra 2.0\"?\u003c\/p\u003e\u003cp\u003e\"Libra Shrugged\" is the story of a bad idea.\u003c\/p\u003e\u003cp\u003eAlso covered: \u003c\/p\u003e\u003cp\u003e* Bitcoin and cryptocurrency: the source of all the bad ideas in Libra.\u003cbr\u003e* Central Bank Digital Currencies: digital versions of official legal tender, suddenly fashionable again because of Libra.\u003cbr\u003e* Facebook's early forays into payments, with Facebook Credits and Messenger Payments.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIntroduction: Taking over the money 7\u003cbr\u003eChapter 1: A user's guide to Libra 9\u003cbr\u003eChapter 2: The genesis of Libra: Beller's blockchain 15\u003cbr\u003eChapter 3: To launch a Libra: Let's start a crypto 19\u003cbr\u003eChapter 4: Bitcoin: why Libra is like this 25\u003cbr\u003eChapter 5: The Libra White Papers 33\u003cbr\u003eChapter 6: Banking the unbanked 43\u003cbr\u003eChapter 7: The Libra Reserve plan and economic stability 49\u003cbr\u003eChapter 8: Libra, privacy and your digital identity 61\u003cbr\u003eChapter 9: The regulators recoil in horror 67\u003cbr\u003eChapter 10: David Marcus before the US House and Senate 77\u003cbr\u003eChapter 11: July to September 2019: Libra runs the gauntlet 95\u003cbr\u003eChapter 12: October 2019: Libra's bad month 101\u003cbr\u003eChapter 13: Mark Zuckerberg before the US House 111\u003cbr\u003eChapter 14: November 2019: The comedown 123\u003cbr\u003eChapter 15: Central bank digital currencies 129\u003cbr\u003eEpilogue: Libra 2.0: not dead yet 141\u003cbr\u003eAppendix: 2010-2013: The rise and fall of Facebook Credits 149\u003cbr\u003eAcknowledgements 155\u003cbr\u003eAbout the author 157\u003cbr\u003eIndex 161\u003cbr\u003eNotes 167\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 182\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.39 x 8.5 x 5.5 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 29, 2020\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52483495985459,"sku":"9798693053977","price":31.28,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0300\/5595\/6612\/files\/WHZzSHg0QjVsaWtlUVJDSThHaElDQT09.webp?v=1759759087","url":"https:\/\/www.vysn.com\/en-ca\/products\/libra-shrugged-how-facebook-tried-to-take-over-the-money-paperback","provider":"VYSN","version":"1.0","type":"link"}