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Agree with you with the necessity of diversification. The issue is not Facebook issuing its own crypto but rather the potential control we let it take over. I b
by flashyfaffe 7y ago
Agree with you with the necessity of diversification.
The issue is not Facebook issuing its own crypto but rather the potential control we let it take over.
I believe that the same reason related to control that an entity can people on people (combined with the new technology) helped to originate bitcoin.
The need to ensure no one ( including governments) deciding people's life by manipulating own belongings (by tax or rates manipulation).
That's a the same anarcho- libertarian logic approach here. Anyone should be able to decide whether or not putting your eggs in the same basket.
- thecrazyone 7y agoBy your logic, banning it through regulation decreases options and hence diversification. Governments are not angels which seems to be an assumption in your and sibling replies. They're a bully who doesn't want someone else to get power. I'm not being extreme, humor me. If the govt didn't want a monopoly, isn't it a hypocrisy that they themselves are one? The proper thing to would've been to get closer to anarcho-capitalism, ie let there be govt currency and FB's libra. Let people decide what they want to use.
- suthakamal 7y agoYou speak as though corporations and democratic governments are the same thing. The government is (at least notionally) the will of the people. A corporation is unaccountable to anyone but it’s shareholders. It is folly to treat EU legislators the same as Zuck et al.