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Because not everyone cares about "complete sovereignty"? There's a reason why all these companies are still successful, most people don't care that much about t

Because not everyone cares about "complete sovereignty"? There's a reason why all these companies are still successful, most people don't care that much about their privacy or other dignities if it means convenience.

snitko 7y ago
Then I see no difference from USD. What exactly is the point? Yet another payment method?
- Mengkudulangsat 7y ago
  Facebook is trying to create a common currency accessible to a global userbase whose transmission bypasses traditional banking rails. It'll be super convenient, even the USD can't do that. This combined with Whatsapp for Business is going to be game changing for SMEs in developing markets. Do I want to keep my savings in it? Probably not...
  - askmike 7y ago
    You mean like Paypal? It might be a great project, it just has very little to do with actual cryptocurrencies. It's great to be excited about it, the issue many people in this thread have the project being called a cryptocurrency.
turtlecloud 7y ago
Your ruler cares about sovereignty. If your national government cares at all about sovereignty, it will force you to use bitcoin by rule of law / force. Countries like Venezuela, Turkey, and Argentina with struggling currencies are under the mercy of the US petrodollar. A move to BTC would end their hyper inflation. Most people are too self centered to realize the political/ economical implications of BTC. The most likely case will be that nothing changes in our day to day, except that our currency is now backed by BTC instead of US debt.