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I'd rather have state control over money than for-profit megacorps, especially one with such an appalling reputation as "They 'trust me', dumb f---s" F--ebook.
by m-i-l 8y ago
I'd rather have state control over money than for-profit megacorps, especially one with such an appalling reputation as "They 'trust me', dumb f---s" F--ebook. This is one of the issues they're finding with the move to a cashless society in the Nordic countries[0], i.e. the monopoly over money moving from the state to the private sector.
[0] https://www.weforum.org/agenda/2018/11/sweden-cashless-society-is-no-longer-a-utopia/ https://www.weforum.org/agenda/2018/11/sweden-cashless-socie...
- thaumasiotes 8y ago> If facebook controls minting the coins but can't control transactions using the coins
- lawlessone 8y agoif only facebook can mine, then they choose do whatever they want, the blockchain just becomes a weird centralized database
- thaumasiotes 8y agoWhy? Creating coins and transferring coins are completely separate things. They're intertwined, in bitcoin, because bitcoins are created in transfers. But there's no fundamental reason for that to be the case.