Bitcoin Analyst: Beware of Facebook’s ‘Crypto’, Big Trouble for Major Banks, Authoritarian Regimes and the Financial Services Industry

Bitcoin Analyst: Beware of Facebook’s ‘Crypto’, Big Trouble for Major Banks, Authoritarian Regimes and the Financial Services Industry

In a Bitcoin Q&A on Facebook’s GlobalCoin, computer scientist and Bitcoin advocate Andreas Antonopoulos maps out how Facebook’s upcoming stablecoin, which will be used to send money across borders, will disrupt banking, and why it is not a true cryptocurrency. He argues that there are “five pillars” that define a true cryptocurrency – public, open, […]

The post Bitcoin Analyst: Beware of Facebook’s ‘Crypto’, Big Trouble for Major Banks, Authoritarian Regimes and the Financial Services Industry appeared first on The Daily Hodl.

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