Facebook Untrustworthy, Libra 'Never Going to Happen': Gerber

The transcript discusses the hearings on Capitol Hill, focusing on Facebook's Libra project. It criticizes Facebook's trustworthiness and questions the feasibility of launching a new currency. The discussion highlights Facebook's need to innovate despite scrutiny and compares Libra to Bitcoin, emphasizing the challenges of gaining global approval for a new currency.

What are the implications of governments having control over their own money as discussed in the text?

Why does the speaker believe that Libra will not succeed?