Brian Armstrong @brian_armstrong Co-founder & CEO at @Coinbase Co-founder @GiveCrypto Building an open financial system for the world. Join us: coinbase.com/careers Oct. 04, 2019 1 min read

Now that China is looking into creating a stablecoin, I wonder if the U.S. will reconsider it's ridiculous response to Libra.

There are many cryptocurrencies, and Libra is just one of them. But the way the U.S. government reacted it's like they almost want to be left behind.

The way for countries to remain relevant over the long term and continue to have high economic growth is to invest in science, technology, and innovation.

If the government can help here, even better. But first it needs to do no harm.

The best first step is often just to stay out of the way. Innovation often looks counter-intuitive and disruptive. Government is prone to being co-opted by special interests/incumbents that will play on fears and try to block innovation here.

Especially if there aren't technologists who deeply understand this ethos in government. (China has a history of putting technologists in office much more than the U.S., even if they don't share our other values.)


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