Facebook's Marcus Says He Would Accept His Full Pay in Libra

The transcript features a discussion on whether a company representative would accept their entire compensation in Facebook's digital currency, Libra. The conversation explores the trust in Libra, its purpose, and how it compares to traditional bank accounts. The representative expresses confidence in Libra, stating it is backed by a reserve, and affirms their willingness to accept compensation in this currency.

What is the main concern raised about Facebook's Libra currency in the first section?

• Its ability to generate interest.

• Whether the team would accept their salary in Libra.

• Its competition with other cryptocurrencies.

• The legality of using Libra.

How is Libra described in terms of its competition with bank accounts?

• It offers higher interest rates.

• It is designed to replace bank accounts.

• It provides better security than banks.

• It is not meant to compete with bank accounts.

What feature of Libra is highlighted in the second section?

• It offers cashback rewards.

• It is like digital cash.

• It is backed by gold.

• It is a physical currency.

Why does the speaker trust Libra with all their assets?

• Because it is backed one-for-one with a reserve.

• Because it is a popular currency.

• Because it offers high returns.

• Because it is regulated by the government.

What assurance does the speaker give about their trust in Libra?

• They would only partially trust it.

• They would not trust it at all.

• They would trust it only if it paid interest.

• They would trust it with all their assets.