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Well he should have. Or maybe it's just for show. Libra can be a great tool to control the rising markets in africa. Perhaps this will end with a compromise th
by buboard 7y ago
Well he should have. Or maybe it's just for show. Libra can be a great tool to control the rising markets in africa. Perhaps this will end with a compromise that gives Fed control over the network.
- bilbo0s 7y agoI don't know man? There are things happening in Africa right now that make me think FB won't be a major player in Africa in the future. The Africans have been smitten by the Chinese protectionist model. That new free trade agreement they have actually specifically excludes your company from benefiting if you're using goods or services from outside the zone where options exist inside the zone. Don't misunderstand me, I get it, they need to get their economies going. Get jobs for their people. Etc. Just pointing out that this stipulation has some obvious consequences for companies outside the zone. And it's not just Africa, I'm betting the future will see a balkanization of the internet. I could be wrong though? But I doubt it. A lot of corruption in Africa and everywhere else, and corrupt people are exceedingly greedy. I think we can count on them taking the whole pie wherever possible. As well as aggressively working to expand the number of places it's possible to take the whole pie.
- buboard 7y agofacebook doesnt have to be in africa for Libra to succeed. Although i think it's pretty popular there anyway. And, no matter how tempting the chinese influence is, the Dollar is still a lot more attractive , and by extension Libra, which is backed by US companies mostly.
- hardlianotion 7y agoFacebook is a major player in Africa right now.
- bilbo0s 7y agoSure, now. All I'm saying is that after reading through some of those regs, clearly it'd be prudent to bet on African properties for those playing the long game.