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One issue with Libra was Facebook. FB has the user numbers and money to roll out a potentially successful cryptocurrency that's marketed as a currency. Regulato
by exdsq 5y ago
One issue with Libra was Facebook. FB has the user numbers and money to roll out a potentially successful cryptocurrency that's marketed as a currency. Regulators got scared and it got critiqued/shut down across almost every market.
- MuffinFlavored 5y agowhy would a successful cryptocurrency scare regulators? bitcoin is "successful". coinbase and popular wallets are "regulated" (reported to IRS, etc.)
- arlcode 5y agoFacebook controlling what is equivalent to a central bank is scaring regulators. No one wants Mark in charge of the money supply. Partnering with a project that isn't Facebook helps with that (at least a little bit)