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A comment on Facebook, Libra, and the Long Game. Parent comment

Re:Facebook, Libra, and the Long Game by geezerjay on Tuesday June 25, 2019 @01:27PM (#20276616)
> Now for the first time in history there is a form of money that you can prove in a matter of seconds that your money didn't move when you gave custody to the bank.

Why do you believe this has any relevance at all? People want to buy stuff, not exchange bill with serial number #abcxyz with stuff.

And from my example you can easily understand why your assertion is quite wrong to begin with.

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Re:Facebook, Libra, and the Long Game by Macross8299 on Tuesday June 25, 2019 @06:18PM (#20279618)
>Why do you believe this has any relevance at all? People want to buy stuff, not exchange bill with serial number #abcxyz with stuff.

Because it solves the double spend problem [0] associated with digital currency without use of a centralized database.

I think that matters to people trying to avoid onerous capital controls or a government printing 31% of the money supply in a week [1]

[0]: https://en.wikipedia.org/wiki/Double-spending

[1]: https://www.bloomberg.com/news/articles/2019-02-05/venezuela...

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Re:Facebook, Libra, and the Long Game by JoeSamoa on Tuesday June 25, 2019 @02:30PM (#20277320)
I care about my exact bills and your exact bills. I care. Maybe you don't, but I do and so does the person you replied to. That makes at least two of us.
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Re:Facebook, Libra, and the Long Game by codyb on Tuesday June 25, 2019 @03:26PM (#20277905)
You care about your exact bills? You actually take the time to look at the serial numbers of all the bills you use in a given day/week/month/year? For what purpose?

I check for cool serial numbers fairly frequently but I couldn’t say I care about the exact bills. A five’s a five. That’s why currency is great.

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Re:Facebook, Libra, and the Long Game by JoeSamoa on Thursday July 04, 2019 @04:26AM (#20352676)
If I was interested in financial forensics I'd be interested in the serials. Don't be dense.
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