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Crypto isn't the reason why Libra is dangerous, Facebook is. If Facebook was launching their own business-controlled currency that was backed by an SQL databas
by danShumway 7y ago
Crypto isn't the reason why Libra is dangerous, Facebook is.
If Facebook was launching their own business-controlled currency that was backed by an SQL database, you'd see the exact same reaction. The crypto part is just an implementation detail, what people are actually upset about is corporations trying to seize control of our currency.
- antpls 7y agoCorporations are subjects to local laws, so what's the issue ? It seems people are afraid of the unknown more than Facebook. My personal questions : If anything goes wrong with the Libra scheme, who will be responsible ? Who would be fined / sent to prison ?