My quick short view on Libra cryptocurrency

Facebook Libra

  • Facebook is full of crap and this privacy first play is just total bull. I don’t trust facebook, but to be fair I don’t trust my bank, however there business model isn’t completely at odds with my freedom as a digital citizen.
  • Cryptocurrency for the masses is not such a bad thing but theres so little information I can just imagine the headlines about being taken for their life savings.
  • A single global currency is a very very bad idea for many reasons not worth going into now.
  • I know Facebook is only spearheading the libra Association which is a not-for-profit organization but its FACEBOOK Remember! I don’t even really think the others are in it for anything more than a punt.
  • Calibra the tools facebook have built to work with Libra do not subscribe to the same ideas as the association and that might not be a bad thing in your book but it clearly points towards the endless dominance of facebook in this association.

Don’t get zuckered into this all, againglad others have push back hard.

Baby steps forward for e-Residents

It was Chris Hernon who first pointed me at the news I knew would come sooner or later.

Its becoming one step easier to setup a business in Estonia under the e-residency programme. A programme I signed up for and got the go ahead for just recently.

One of the biggest issues was having a bank account in another country which you are not formally a part of. I understand the reasons but as the e-residency is a real digital identity and banking (Fintech) goes through changes its self; it makes sense that the two trends will create something new and exciting

Business banking is radically transforming for almost everyone on Earth. Estonia’s e-Residency programme has now partnered with the Finnish fintech company Holvi to provide borderless business banking to the borderless digital nation. This means a complete EU company with complete EU business banking (& a payment card) can be established entirely online.

Although I’m not planning to setup a business in Estonia anytime soon, this is exciting news and I look forward to hearing what comes next.

I almost feel like a quote from the Hacker manifesto is almost apt here.