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Sorry, 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 i

Sorry, 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 ago
I 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 ago
Why 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 ago
CA 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 ago
If that is a typical German mindset it bodes well for the world. You make your points well.
drstewart 7y ago
Somehow, 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 ago
  You'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 ago
    Because 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.

jimmaswell 7y ago

I 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 ago

Why 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 ago

CA 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 ago

If that is a typical German mindset it bodes well for the world. You make your points well.

drstewart 7y ago

Somehow, 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 ago
You'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 ago
  Because 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.