# In a video interview, Professor David Yermack explains how Facebook's Libra differs from Bitcoin

1 Faculty News October 25, 2019 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](https://www.youtube.com/watch?v=vPu4kn5GN5M) -- "It's very different than cryptocurrency like bitcoin or ether, which is decentralized, has no leadership, and relies on a community of people who compete to build the blocks that update the transactions. Because of the design of something like bitcoin, it really can only accommodate a small amount of traffic. But something with central management like libra could really grow to almost any size that you wished.'"

[Watch More](https://www.youtube.com/watch?v=vPu4kn5GN5M)