4 ms·
but it is pegged to other central banks, what kind of central bank is that? The only positive that i see about Libra is that it will (hopefully) be exchangeable
by buboard 7y ago
but it is pegged to other central banks, what kind of central bank is that? The only positive that i see about Libra is that it will (hopefully) be exchangeable for some real uncensorable coin.
- jayd16 7y agoIt's only pegged as much as they so choose. If you can change your own exchange rates day to day, the consortium can buy and sell fiat currency in such a way as to cause inflation or deflation. It's all the same power without a physical mint, is it not?