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How is this going to fly with the constant flood of (justified) hate that Facebook is receiving the past year? Apart from the technology, I feel like they have
by rollulus 7y ago
How is this going to fly with the constant flood of (justified) hate that Facebook is receiving the past year? Apart from the technology, I feel like they have more chance if they'd brand it without the Facebook name on it.
- gopher2 7y agoGood question. I think it will get plenty of hate, but most countries don't have the level of Facebook hate that the USA/Europe has, and lots of people don't particularly care about the crusade against Facebook. It would probably get a lot less hate if they weren't involved, but here we are? NYTimes takedown coming in hot!
- loceng 7y agoWell, if an army of HODLers develops who buy into this Facebook coin think they can make profit off of holding it - then there will be a growing body who promote it and speak positively of it, and not care about Facebook's other wrongdoings because money. Those big name brands also already buying into it means quite the global powerhouse of marketing ability to onboard people into something that is relatively unknown of what could unfold. It should be democratic governments working together to develop this and not private entities who aren't elected and are known to lobby and influence politicians/policy for their own good. There's a reason financial regulations developed, and because they're poorly enforced currently doesn't mean the solution is abandonment.
- bradenb 7y agoLibra is a stablecoin, holding it isn't going to make you rich.
- karlmcguire 7y agoI think you're underestimating the cryptocurrency "hodl" hysteria...
- loceng 7y agoIt's not necessarily that straight-forward - and people shouldn't blindly trust Facebook and the other unelected global brands with 'voting rights' to make decisions related to the function of such a monetary system.