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How many of those are backed (edit: created and fully controlled) by a foreign company with 2.4 billion active users and extremely questionable privacy track re

• ipsum2 7y ago
  > backed (edit: created and fully controlled) by a foreign company This is factually wrong. Facebook controls a very small portion of Libra (<1/10): https://libra.org/en-US/partners/ https://libra.org/en-US/partners/
• bko 7y ago
  As another commenter noted Facebook does not control it. But you're right that the token is backed by something, mainly one to one reserves of currencies and government bonds. So you're okay with bitcoin, that has a market cap of over $100bn that's backed by nothing, but someone creates a cryptocurrency that's backed by one to one reserves of the safest investments in the world and that's somehow extremely questionable.
  • Spearchucker 7y ago
    It's not questionable at all. It's undesirable.
  • tradertef 7y ago
    Libra is not cryptocurrency. It is digital currency.