{"id":14573,"date":"2019-09-15T20:01:44","date_gmt":"2019-09-15T20:01:44","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=14573"},"modified":"2019-09-15T20:03:46","modified_gmt":"2019-09-15T20:03:46","slug":"andreas-hedqvist-libra-path-to-approval-a-quick-overview-for-crypto-believers","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2019\/09\/15\/andreas-hedqvist-libra-path-to-approval-a-quick-overview-for-crypto-believers\/","title":{"rendered":"Andreas Hedqvist: Libra Path to Approval \u2014 a quick overview for crypto believers"},"content":{"rendered":"<ul>\n<li>Andreas Hedqvist: <em>Libra Path to Approval: The new corporate digital currency<\/em> (self-published, August 2019 \u2014 <a href=\"https:\/\/amzn.to\/2AjoWuY\">UK<\/a>, <a href=\"https:\/\/amzn.to\/2LvpNz9\">US<\/a>)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2019\/09\/15\/andreas-hedqvist-libra-path-to-approval-a-quick-overview-for-crypto-believers\/libra-hedqvist\/\" rel=\"attachment wp-att-14575\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2019\/09\/libra-hedqvist-221x300.jpg\" alt=\"\" width=\"221\" height=\"300\" class=\"alignright size-medium wp-image-14575\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2019\/09\/libra-hedqvist-221x300.jpg 221w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2019\/09\/libra-hedqvist.jpg 360w\" sizes=\"auto, (max-width: 221px) 100vw, 221px\" \/><\/a>The story of Libra is still unfolding \u2014 but there&#8217;s already tremendous public interest, leading to a flood of slush on Amazon Kindle. This is one of the pile of Libra books I read on Kindle Unlimited <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2019\/09\/10\/your-questions-about-facebook-libra-as-best-as-we-can-yet-answer-them\/\">last weekend,<\/a> and it&#8217;s the only one so far that&#8217;s worth any time.<\/p>\n<p>Hedqvist is a Bitcoin believer, and the book is very much written from a crypto perspective, for crypto people \u2014 a general public reader would have trouble understanding where it&#8217;s coming from. (Nobody who reads this blog will have any trouble.)<\/p>\n<p>The writing is very stilted, and rambles at times \u2014 Hedqvist is not a native English speaker. The book really needs an editor, or a collaborator to re-render it in clear and idiomatic English.<\/p>\n<p>But Hedqvist knows his material, and covers all the areas you&#8217;d expect. He tries to give a decent overview of Libra, given what little solid information there is.<\/p>\n<p>A lot of the content is condensed versions of source documents from banks, regulators or the Libra site. Hedqvist does an okay job of this \u2014 his explanation of the Libra consensus mechanism gave me a much better overview than the official developer documents, for instance.<\/p>\n<p>Sometimes there&#8217;s an impression he just threw things in that looked relevant \u2014 it&#8217;s like the book was quickly assembled from the chapter list downwards.<\/p>\n<p>I could argue a lot of Hedqvist&#8217;s interpretations of what it all means, particularly the weird crypto-economics in chapter 6 \u2014 but he clearly knows the area.<\/p>\n<p>Hedqvist&#8217;s forecast for Libra&#8217;s release is 2021 or 2022 \u2014 he&#8217;s pretty sure they won&#8217;t have anything that will even do the job technically out by 2020, let alone satisfy regulators. But he thinks Libra will be a &#8220;historical milestone&#8221; that will take cryptocurrency mainstream.<\/p>\n<p>If you&#8217;re into crypto and sling the jargon, reading this won&#8217;t feel like a waste of your time. It&#8217;s a bit expensive to buy, given how short it is \u2014 but it&#8217;s well worth a skim on Kindle Unlimited.<\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>One for crypto fans, but surprisingly good for a Kindle Unlimited quickie.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[1456,152,444,1328,1455],"class_list":["post-14573","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-andreas-hedqvist","tag-book","tag-facebook","tag-libra","tag-libra-path-to-approval"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/14573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=14573"}],"version-history":[{"count":10,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/14573\/revisions"}],"predecessor-version":[{"id":14584,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/14573\/revisions\/14584"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=14573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=14573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=14573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}