Facebook's Libra is a Banker's Nightmare and the Banks Will Fight Back

Bitcoin is a currency beyond the control of the central banks. Bitcoin’s value is determined by supply and demand and not a centralized controlling authority. In July 2015, Vitalik Buterin created a brand-new economic model for the world: ICOs – Initial Coin Offering. There are over 86,000 active blockchain projects world-wide (at the time of publishing). There is an insatiable appetite for products and services beyond what banks are offering today. In April, 2018, JP Morgan issued a report “Blockchain and the Decentralization Revolution”