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A comment on Facebook reveals its cryptocurrency Libra. Parent comment
Many financial clearing houses are mutualised across many more members. It’s still a centralised clearing house.
Facebook is launching a shadow bank. It’s an old and recurring idea. In 2007 it was hedge funds, in 2019 it’s Facebook. Same schtick, new players.
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Many financial clearing houses are mutualised across many more members. It’s still a centralised clearing house.
Facebook is launching a shadow bank. It’s an old and recurring idea. In 2007 it was hedge funds, in 2019 it’s Facebook. Same schtick, new players.