Why is Facebook’s Libra Blockchain neither a true cryptocurrency nor a threat to Bitcoin? What requirements and restrictions will GlobalCoin users have? Who will they compete against?

CORRECTION: At 4:58, I say that PayPal only serves twenty to thirty countries. They actually claim to be available in “in more than 200 countries/regions,” but the point still stands about people in some countries have more limited access than others.

This question is from the May monthly subscriber session, which took place on May 25th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

Facebook Coin and JPM Coin – https://youtu.be/Plseqktm3G4
Measuring Success: Price or Principle – https://youtu.be/mPMsbgWl9p4
Bitcoin and the Banks: Five Stages of Grief – https://youtu.be/43Ucj6_Erb0
Escaping the Global Banking Cartel – https://youtu.be/LgI0liAee4s
Money as a System-of-Control – https://youtu.be/FyK4P7ZdOK8
What is Consensus: Rules without Rulers – https://youtu.be/2tqo7PX5Pyc
Bitcoin Security: Bubble Boy and the Sewer Rat – https://youtu.be/810aKcfM__Q
Why Open Blockchains Matter – https://youtu.be/uZPIz3ArQww
Why permissioned blockchains fail – https://youtu.be/GEQzlJ_WL-E
How to avoid re-creating systems of control – https://youtu.be/EfoGnDoaBL8
The QuadrigaCX scandal and counterparty risk – https://youtu.be/xsrF0szpS0I
Do “crypto-banks” threaten hard money? – https://youtu.be/Ps78g2_3_6o
Governance and social attack immunity – https://youtu.be/PjOHatoX6Fk
Privacy experimentation and the luxury of laziness – https://youtu.be/4GoPRNFr2YQ
State-sponsored digital currencies and trust minimization – https://youtu.be/dSpFbg7jlDw

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)