NOTES / 2025.03.09 · 3-post thread · 23 likes
Bitcoin Is the Ultimate Libra Basket
No need to reboot Libra. We once believed we could engineer a flawless currency-weighting scheme — bold, elegant, and ultimately naïve.
There is no need to reboot Libra, because Bitcoin is the ultimate Libra basket. x.com
We once believed we could engineer a flawless currency weighting scheme—balancing store-of-value with low volatility for everyone. Bold, elegant, and ultimately naïve! In truth, governing those weights is as mythical as achieving true decentralization with stablecoins.
Like the internet, Bitcoin’s adoption is a messy orchestra of choices. Individuals, firms, and even nations decide how much to participate, crafting decentralized, permissionless, but perfect Libra weights.
Originally published as a thread on X.