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Maybe we can store libra in some sort of institution that would provide some guarantees, like returning your libra if they get stolen. They could make money by
by anchpop 7y ago
Maybe we can store libra in some sort of institution that would provide some guarantees, like returning your libra if they get stolen. They could make money by investing the libra they hold and keeping the interest.
- the_duke 7y agoYes, that is a novel and brilliant idea. Since this is something similar to a old school money lenders table over which exchanges took place, we shall adopt the Old Italian word for table, banca, and call it a "bank"!
- skohan 7y agoMight not be enough: what if this institution fails? It would be even better if governments could ensure deposits in such an entity (up to $100k worth or so might be sufficient) to stabilize the Libre economy in the worst-case scenario.