4 ms·
That’s a very typical German mindset. You implicitly assume that nothing good can come out of Libra so it should be banned from the beginning. The pragmatic app
by Hermel 7y ago
That’s a very typical German mindset. You implicitly assume that nothing good can come out of Libra so it should be banned from the beginning. The pragmatic approach is to wait and see what happens. Most likely, it won’t be as successful as you assume it will be. Also, there are plenty of other forms of private money out there that you don’t seem to have a problem with (e.g. credit cards), as well as foreign currencies. Why do you think using Russian rubles for payments should be perfectly legal but using Libra for payments is completely evil? It does not make much sense to me.
- blackbrokkoli 7y agoSorry, no. This is just reckless. I'm trying hard to assume good faith here. "Wait and see" is a good approach to see whether your new electric city bus line is working or whether people prefer your website logo in red. You can never, ever take back what became basic necessities on a nation level while being even remotely democratic. Once people have it, they won't give it back. And you seriously think Facebook is to be given any such power, even after Cambridge Analytica? We're talking about currency, and billions of people. Lifes are very much at stake. But sure, let's wait until Facebook uses Big financial data to get some populist party manipulated into power and a mere few thousand people die from the consequences, than be all enraged on reddit for a week and unable to change anything? I'll keep my typical German mindset, thanks
- jimmaswell 7y agoI could say it's hard to assume good faith from you. You're making ridiculous leaps. We'd be stuck still riding horses and buggies if people had your mindset in the early 1900's.
- Hermel 7y agoWhy are you so convinced that everyone would immediately want to use Libra? Do you think the Euro is such a mess? If that’s really the case, wouldn’t some people using an alternate currency be a step forward? If Libra is going to be more economically than a typical bank, that will take many years and give plenty of time to react in case of problems. Also, it should first be up to the people for themselves to decide what means of payment they are using. The government should only intervene when the market fails.
- TheKarateKid 7y ago> Why are you so convinced that everyone would immediately want to use Libra? In the beginning, it will be optional. But if/when everyone starts using it, most people won’t have a choice.
- ThomPete 7y agoCA was not facebooks making and favebooks own algorithms are far superior to CA. Crypto currencies are not going away and both Getmany and France are hurting their own entrepreneurs.
- samizdis 7y agoIf that is a typical German mindset it bodes well for the world. You make your points well.
- drstewart 7y agoSomehow, that typical German mindset doesn't extend to banning VW after its proven to be acting in bad faith. How come? Ah, nevermind -- HQ: Wolfsburg, Germany. Exempt from regulatory action.
- Faark 7y agoYou're making his point for him... waiting isn't helpful, since it either won't work out (and little value would have been lost if banned) or you'll end with regulatory capture and loose your ability to regulate/ban.
- drstewart 7y agoBecause VW is so much more powerful than Google? Well, at least Germany can get a jump on banning automated driving development. Hopefully BMW, MB, and VW are all banned from working on it since it's still early enough to prevent bad things from happening.
- Moru 7y agoGermans seem not to like credit cards either. Most people pay with cash at the store.
- lostjohnny 7y agoWe do in Italy too. Protesters in Honk Kong did that too, to not be identified and tracked. Protesters is US did that too to buy subway tickets, again, to avoid being tracked. It's ok to pay in cash. It's not that we go around with leather suitcases full of cash to buy tons of cocaine...
- qubex 7y agoIf they just took the “wait and see” approach and some fraction of the population took it up, they’d find themselves fighting against a group of citizens with vested interests, and the corporations would say “you can’t take this away from these people” much like the gun lobby does in the USA. The real “wait and see” approach is to prevent it get a foot in the door, see what happens elsewhere, and then perhaps repeal the decision in the future.
- kortilla 7y agoA classic reactionary approach