Facebook is backpedaling from its ambitious vision for Libra
The architecture of the original version was sandbox, auto trading inside with fast liquidity. Like sand box, the idea was to do regulation on entry and exit.
Sandbox will win this debate, the central bank cannot compete with paper trails. uck is just staying even with everyone else, until the rules change.
AppleID changes all this, secure ID is imperative because of data theft, and the Apple solution automatically spawns enforceable contracts. We need to create a better picture of the regulation environment, the tech is break even, this is no arbitrage net and scofflaws who are not maximum entropy get spotted sooner than later.
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