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Of course FB has ways to use most of what they announced with Libra and most of that would be fine. The problem with Libra is its core, the fact that it's an al
by gjulianm 7y ago
Of course FB has ways to use most of what they announced with Libra and most of that would be fine. The problem with Libra is its core, the fact that it's an alternative currency backed by a company that can reach almost everybody. Other companies develop other coins but they do not have the influence FB has and so it gives legislators time to regulate it.
Sovereign monetary policy goes out the window if Libra takes a serious hold in society. The only solution to that is a decisive ban on it.