David Marcus: How Libra Was Killed

- An incredibly grandiose claim that this would've "fixed global payments at scale"

- Complaints about the "slow play" as they have to comply with regulations that everyone else in that industry also must comply with

- A reason based entirely hearsay, yet with the bold claim it was "100% a political kill"

- The Fed didn't actually say that banks can't use the technology, but rather that they aren't comfortable with it

- The actual point of the post was to promote a new crypto startup

I don't walk away convinced that the big bad government killed innovation here; if the company with a $1.5 trillion market cap pushing this project really wanted to, they would've continued pursuing it.

There’s a parallel here ….. people, relationships, charisma and magic can make things happen. Steve Jobs wove a spell of excitement that people couldn’t help buying into, even when sometimes it wasn’t really in their interests so much.

Facebook, Meta, Zuckerberg and whoever else was involved with this thing didn’t weave any such magic.

Which the guy just states as if it's a fact.