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This. 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 an
by chris_wot 7y ago
This. 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!