Re:Libra, 2 Weeks In
by whateveracct on Monday July 08, 2019 @09:01PM
(#20388137)
Assuming adoption - It exists in the world and has all the influence an adopted currency has. Influence controlled by Facebook.
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| on HN ]
This seems like nothing but fearmongering. We don't any reason to expect that libra is going to displace "real" currencies.
Why the hell would the governments of the world give up their power over currency? It is a huge power they hold that they do not want to lose.
Have you ever heard the term "legal tender"? You are legally required to accept USD as payment in America, and every country has a similar law. The government can literally force you (with guns if need be!!) to use their currency. Is that better than what FB is doing?
Sometimes I think people get so wrapped up in dystopian fear mongering they don't analyze the current situation.
> You are legally required to accept USD as payment in America
Accepting a currency doesn't force a customer to use it.
> Accepting a currency doesn't force a customer to use it.
Only accepting a certain currency does force a customer to use it, which is the case 99.99% of the time.
Re:Libra, 2 Weeks In
by BurningFrog on Monday July 08, 2019 @09:49PM
(#20388353)
As someone who exists in the world - existing in the world is not a crime!