Critics argue Stripe’s blockchain ambitions clashes with crypto decentralization
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 of decentralization is lost. Catalini used the example of Libra’s failure to demonstrate his point.
The failure of Libra—what really killed it
Catalini noted that in the tech and finance industry, being too early to the market is almost the same as being wrong. In his post, Catalini wrote:
“Looking back on Libra, the stablecoin project I helped design inside Meta, I can…
