3 ms·
>That's the point of confusion. This is not an end around. Whether that's the intention or not doesn't matter, it has the potential to be and that is simply no
by Despegar 7y ago
>That's the point of confusion. This is not an end around.
Whether that's the intention or not doesn't matter, it has the potential to be and that is simply not acceptable.
When a developing world country like India needs to use monetary policy to stimulate their economy but those transmission mechanisms aren't working because a significant part of the economy is using Libra, that's a major threat to their sovereignty. It's digital colonialism.
https://www.washingtonpost.com/news/wonk/wp/2014/07/31/argentinas-insatiable-and-destructive-appetite-for-u-s-dollars/ https://www.washingtonpost.com/news/wonk/wp/2014/07/31/argen...
- dandandaml 7y ago>It's digital colonialism. Opposed to the European-originated paper trading system Libra isn't colonialism, it is competition.
- baq 7y agoIt's both. I'd compare it to what UK, France and Spain did in America. Competitive colonialism. Or you could say that all these European superpowers of the time competed with Native Americans.
- headsoup 7y agoWhat is the competition for? What outcome is Libra competing for?
- dandandaml 7y ago>What is the competition for? to get users >What outcome is Libra competing for? somebody creates money, zucc wants to be that guy