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How so? The Libra proposal kept its value constant with respect to a basket of currencies.
by aazaa 7y ago
How so?
The Libra proposal kept its value constant with respect to a basket of currencies.
- kazen44 7y agobecause the german example is tied to the currency used by germany (and the eurozone as a whole).
- pjc50 7y agoNot quite the same kind of inflation hedge as "free floating" limited-issue cryptocurrencies then? (This is one of the things that confuses me about Libra's target market; if you believe the cryptocurrency marketing about privacy and permissionlessness and inflation-hedging, then Libra is terrible at those things. If you don't, and you're in Europe, you just use SEPA.)
- raverbashing 7y agoYou can only keep the value of something "constant" (or pegged to something) if it's not non-freely negotiable and you can tightly control it.