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Perhaps a cryptocurrency is unstoppable, but Libra is the same as Visa. Banning Libra is like banning a company like Visa, it's not anything like banning Bitcoi
by lucb1e 7y ago
Perhaps a cryptocurrency is unstoppable, but Libra is the same as Visa. Banning Libra is like banning a company like Visa, it's not anything like banning Bitcoin which would be very hard indeed.
> Libra will not rely on cryptocurrency mining. Only members of the Libra Association will be able to process transactions via the permissioned blockchain.
(From Wikipedia)
It's just a payment processor. I don't know why it's called cryptocurrency. If the bar for that is "it uses cryptography" then Paypal is a cryptocurrency because they use HTTPS.
- igammarays 7y ago> “banning Bitcoin would be very hard indeed” It’s hard to take crypto enthusiasts seriously because of delusions like this. Banning bitcoin would be trivial: no legitimate business would accept it, making it useless except to fringe outlaws.