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I agree, the article gradually became more incomprehensible but the core point seems to be that the author has realized that mainstream currency will become cry
by jonahss 7y ago
I agree, the article gradually became more incomprehensible but the core point seems to be that the author has realized that mainstream currency will become crypto with government/corporate backing and lose the anonymity.
which is true. It couldn’t have gone any other way, realistically.
I’ve made my peace with it, at least the we keep making tiny steps forward. It sure beats the credit card networks and paypal.
- patrickaljord 7y ago> It sure beats the credit card networks and paypal. The credit card networks and paypal are part of the Libra alliance. My guess is, Libra will have the same problems as the current solutions but it will make onboarding easier for unbanked people in other countries who just need a whatsapp account to start using Libra. But for countries where most people already have a Visa/Mastercard, it's kind of redundant. Kind of like bitcoin in fact without the censorship but with price stability.
- TACIXAT 7y agoI think (hope) the fees will be significantly lower for Libra than the credit and debit card networks. That is the biggest selling point for me.
- ficklepickle 7y agoSo MasterCard joined a consortium with the goal of destroying their existing lucrative business? I find that unlikely.