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FB is going up against governments. I'm not sure they will win. Currency is one of a few key tools a government needs to control it's economy in many different
by rafiki6 7y ago
FB is going up against governments. I'm not sure they will win. Currency is one of a few key tools a government needs to control it's economy in many different ways. What I am loving about this though is that all of these experiments are forcing us to have a discussion about what a currency is and maybe even redefine money. Bitcoin didn't quite succeed in the way the creator imagined (at least what "he" publicly said was "his" goal). But it has succeeded as competitor to precious metals, and really made markets think about what a cryptocurrency means. Maybe this FB currency will eventually force us to have the hard conversation about what an electronic world wide currency truly means in practice and that's good.