Re:Facebook urged to pause Libra crypto-currency project
by chris_wot on Wednesday June 19, 2019 @08:59AM
(#20222845)
Should be more highly rated than government bonds... wait, what? In no way would you ever say that a government is less secure than Facebook.
I predict that not only aren’t governments worried, but they will crack down hard on Facebook. In fact, if it ever happens I will personally write to the Australian Consumer Competition Council and ask them to make sure they don’t try third line forcing (forcing people to only pay with Libra-bucks or what they are called). EBay and PayPal tried that, and got smacked down very quickly.
I predict that not only aren’t governments worried, but they will crack down hard on Facebook. In fact, if it ever happens I will personally write to the Australian Consumer Competition Council and ask them to make sure they don’t try third line forcing (forcing people to only pay with Libra-bucks or what they are called). EBay and PayPal tried that, and got smacked down very quickly.