How Stripe's Tempo and Circle's Arc Fail the Decentralization Test, Explains Libra Co-Creator

How Stripe's Tempo and Circle's Arc Fail the Decentralization Test, Explains Libra Co-Creator

A Libra co-creator explains why the success of Stripe’s Tempo and Circle’s Arc may reveal something troubling about crypto’s future.

Critics argue Stripe's blockchain ambitions clashes with crypto decentralization – MAXBIT

Christian Catalini, co-creator of Meta’s now-defunct Libra project, took to X to explain how Stripe’s Tempo blockchain fails one of the basic tenets of the crypto movement: decentralization. In fact, Catalini believes that if Stripe’s Tempo succeeds commercially, it would mean that early crypto idealists will have to embrace a future where the original ethos...

Stripe's Tempo Blockchain Is a 'Referendum on the Ghost of Libra,' Says Libra Co-Creator

Christian Catalini, co-creator of Facebook’s Libra project, warned on Friday that Stripe’s Tempo and Circle’s Arc could succeed commercially but at the cost of crypto’s decentralization ideal. Launched in 2019, Libra was Meta’s bold bid to create a global digital currency backed by a basket of stabl...