David great insights that go deeper than the media PR.
A few comments regarding the LIBRA reserve (`the appreciation of all Libra-held securities, and the interest generated by all Libra-held money (USD, Euro, Yuen…) adds to the value of Libra’s assets, `)
The white paper says that the LIBRA reserve will be a mix of currencies and short term government debt (like Tbills and the such). If we see that this mix is tilted towards debt rather than currencies, then we have to call it out. If the debt is more than 20% of the reserve, then the Financial Inclusion BS and the noble causes that members of the LIBRA association, go out the window.
In my opinion, we already have to watch closely the governance of the LIBRA association because as a Swiss Association they have no obligation to report anything and are not supervised by any body.
Read more in my post here
and watch my short videos on LIBRA here