Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Facebook’s Project Libra


Can the Pax Dollar (USDP)  grow with Facebook’s Novi?

Novi is an app that allows any user to buy Pax Dollars (USDP) and send them to users in other countries. Currently, Novi is only available in the US and Guatemala. You can download Novi from the App Store and the Google Play Store. Users can sign up for Novi with their phone numbers. They are currently placing Novi users on a waitlist.

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Market Commentary

Square vs PayPal which is the better Investment?

Given these numbers, payment processors are a value investment because they are cash-rich. PayPal is a very cash-rich company now, but Square could grow into a cash-rich company.

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Is Cryptocurrency Really Money?

Libra could have an instant Coin Price of $182.44 or higher. To explain, that was Facebook’s stock price was on the morning of 15 July 2019.

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There is nothing original about Facebook’s Project Libra

The organization that will administer Libra, the Libra Association, looks like a central bank

To explain, a central bank issues currency, backs currency with a reserve, and regulates and administers the ecosystem that distributes the currency. Beyond that a central bank acts a a bank for other banks. I think the Libra Association looks like a Central Bank for global electronic payments systems like Visa and PayPal.

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