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Look, it does not matter to me whether this uses blockchain or not. Such discussion won't even be productive. Facebook has not been the best steward for its ma
by ralphstodomingo 7y ago
Look, it does not matter to me whether this uses blockchain or not. Such discussion won't even be productive.
Facebook has not been the best steward for its main feature the News Feed, leading to fake news, mass misinformation, not to mention their heavy use of psychology to keep people hooked.
I refuse to trust them something similar won't happen with Libra.
- chris_wot 7y agoThis. Currencies only work if people have confidence in them. They also need to have confidence in the institution backing them. In no way should anyone have any confidence in Facebook. On top of this, in most economies, deposit taking institutions are backed by Reserve Banks. Facebook could die in 20 years. Do we want to trust it will still exist? If it collapses can you recover your money? There are so many issues, they haven’t even come close to addressing even a small portion of them. Caveat emptor!