Mark Grabowski discussed Facebook's controversial new cryptocurrency known as Libra. He was quoted in a news story by CCN, a popular site for tech news, and in LeapRate, a site covering online trading.
A member of the European Central Bank recently warned about Libra, saying it's not decentralized like a bona fide cryptocurrency and would operate like an unregulated nation-state. Grabowski agreed: "Look at the way Libra is structured. It’s a complete contradiction to decentralization. Facebook can use all the cryptocurrency buzzwords they want, but it’s like putting lipstick on a pig."
Grabowski is a professor at Adelphi University, where he teaches courses on Cyber Law and Bitcoin & Blockchain. Additionally, he recently published a textbook on cryptocurrency with Routledge , titled Cryptocurrencies: A Primer on Digital Money.
A member of the European Central Bank recently warned about Libra, saying it's not decentralized like a bona fide cryptocurrency and would operate like an unregulated nation-state. Grabowski agreed: "Look at the way Libra is structured. It’s a complete contradiction to decentralization. Facebook can use all the cryptocurrency buzzwords they want, but it’s like putting lipstick on a pig."
Grabowski is a professor at Adelphi University, where he teaches courses on Cyber Law and Bitcoin & Blockchain. Additionally, he recently published a textbook on cryptocurrency with Routledge , titled Cryptocurrencies: A Primer on Digital Money.
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