Re:France and Germany Agree to Block Facebook's Libra
by Swizec on Saturday September 14, 2019 @12:21PM
(#20971787)
There’s a big difference between a local currency in a small region, or even a distributed crypto like bitcoin, and someone like Facebook. When Facebook starts pushing in a direction towards being an independent state-like power, you have to remember they have a “population” of 2.1 billion (daily active isers)
Facebook if it were a country would literally be bigger than China. Their political power is fast approaching that of a nation state, they can already impact elections, have shitloads of money, etc.
When they do anything that smells even remotely like moving towards sovereignty, yeah you bet countries are gonna take notice.
Re:France and Germany Agree to Block Facebook's Libra
by Swizec on Saturday September 14, 2019 @02:00PM
(#20972554)
Perhaps not physically, but having influence over 2 billion minds grants a lot of power should you want to use it. All political action starts with an idea.
Facebook if it were a country would literally be bigger than China. Their political power is fast approaching that of a nation state, they can already impact elections, have shitloads of money, etc.
When they do anything that smells even remotely like moving towards sovereignty, yeah you bet countries are gonna take notice.