Re:Facebook reveals its cryptocurrency Libra
by bongobongo on Tuesday June 18, 2019 @07:20PM
(#20219440)
No, we really don’t need to question that. Financial laws exist for a good reason. Nor should some private company have more power than a sovereign nation just because.
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Re:Facebook reveals its cryptocurrency Libra
by lacker on Tuesday June 18, 2019 @07:45PM
(#20219588)
No, we really don’t need to question that.
The main reason we do need to ask the question is that Bitcoin is currently effective at preventing governments from blocking Bitcoin transactions. Even if financial laws exist for a good reason, they don't supercede the "natural laws" of cryptography that determine which actions are possible. So the question isn't whether Facebook should have the power to do X. The question is whether Facebook should be allowed to do X, given that Bitcoin is already permitted to do so.
Re:Facebook reveals its cryptocurrency Libra
by stale2002 on Tuesday June 18, 2019 @07:46PM
(#20219592)
Would you say the same thing about privacy, or speech?
It is bad that there are private companies, that allow me to engage in free speech, anonymously, without the government knowning my every move?
Re:Facebook reveals its cryptocurrency Libra
by bongobongo on Thursday June 20, 2019 @10:49AM
(#20233452)
No I wouldn’t because that would be dumb
Re:Facebook reveals its cryptocurrency Libra
by camjohnson26 on Tuesday June 18, 2019 @07:28PM
(#20219502)
Assertions aren’t proof, and no one said there shouldn’t be any financial laws. Do you have anything to add other than an unsupported opinion?
Re:Facebook reveals its cryptocurrency Libra
by bongobongo on Thursday June 20, 2019 @10:54AM
(#20233508)
Nope, I feel that my opinion reflects both the conventional wisdom and the expert consensus, which would be a waste of my time to reiterate. It’s the people arguing a multinational corporation ought to be able to circumvent the laws of sovereign democracies that have ‘splainin to do