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Not only the legal gray line, but also the equally important moral gray line. Good riddance.
by apazzolini 7y ago
Not only the legal gray line, but also the equally important moral gray line. Good riddance.
- mumblemumble 7y agoDevil's advocate: Pretty much every fiat currency out there is also backed by an entity with an ethical checkered past. That's one of the major political motivations behind cryptocurrencies.
- meesles 7y agoSo why repeat the same failures? IMO one of the promises of cryptocurrency was a federalized system where it was owned by the people, not a single entity. No matter the marketing, if Facebook is making a cryptocurrency it will have the opportunity to abuse it and change the rules whenever they want. I'd much prefer a foundation made of a group of industry, political, and technical experts that can at least pretend to be impartial.
- jplayer01 7y agoExcept countries have an existential interest in ensuring their citizens are, to a certain degree, well off. Facebook has no such incentive or interest or even responsibility.