Stripe’s Tempo Blockchain Faces Criticism Over Centralization Concerns

Christian Catalini, co-creator of Meta's defunct Libra project, has publicly criticized Stripe's Tempo blockchain for abandoning crypto's foundational principle of decentralization. His critique, delivered via social media platform X, suggests that Tempo's potential success would mark a departure from the original ethos of the cryptocurrency movement.

Catalini draws parallels to Libra's failure, attributing its demise to premature market entry and Silicon Valley's regulatory naivety. "We weren't just early; we were comically, spectacularly wrong," he admits, highlighting the project's fatal combination of poor timing and technological hubris.

The commentary challenges conventional wisdom about Libra's collapse. Contrary to popular belief, Catalini asserts regulatory compliance wasn't the primary obstacle. Instead, he points to Facebook's aggressive promotion strategy, which inadvertently galvanized opposition to the project.