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This is not another app. This is Facebook saying that they want to create a widespread currency, not just a payment system. And I don't need to use it to become
by gjulianm 7y ago
This is not another app. This is Facebook saying that they want to create a widespread currency, not just a payment system. And I don't need to use it to become affected by the monetary policy of the behemoth that Libra could become.
- buboard 7y agoAh, not in my backyard
- gjulianm 7y agoDo you care to expand?
- buboard 7y agoPeople having terrible economic backyards may want to move near you. Yet you say they should be stopped because they ll ruin your view. [it doesnt have to be facebook's currency, any cryptocurrency could have major monetary policy implications]
- gjulianm 7y ago>People having terrible economic backyards may want to move near you Nothing to do with that. Facebook is saying that they have a new lawnmower that could improve some lawns, and I'm saying to stop it because Facebook has shown that it does not care about anybody's lawns but their own, and their lawnmowers could very well accidentally release asbestos to screw users and non-users alike. >any cryptocurrency could have major monetary policy implications Yes. However, up until now no cryptocurrency has had the full backing of a behemoth such as Facebook. Facebook could very well use their power to act as a bank and as a financial actor bypassing regulations put in place to avoid problems.