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

Re:Facebook, Libra, and the Long Game by codyb on Tuesday June 25, 2019 @03:29PM (#20277945)
I’m not sure why anyone would really want to go back to a fractured system (inherently unstable, and very dominant in the early years in America) unless they live in an already unstable system.

Universality of your currency is kind of the best selling point isn’t it?

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Re:Facebook, Libra, and the Long Game by buboard on Tuesday June 25, 2019 @04:01PM (#20278260)
Is it? i dont know. My understanding is that dominant coins exist to subsidize dominant armies, which then protect the dominant coin in a virtuous/vicious cycle.

Also, barter worked very well since forever, in which every product is a different "coin", it just doesnt scale physically, while digital currencies do.

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