Re:France and Germany Agree to Block Facebook's Libra
by r00fus on Saturday September 14, 2019 @12:57PM
(#20972093)
mrb's comment that "we will block Libra and we will not block Bitcoin* as some sort of tacit approval is bullshit.
Bitcoin is tolerated because it's not centralized, and no one (obvious) entity is controlling it. If the EU governments could, they totally would ban Bitcoin.
Libra, on the other hand, is a power grab by someone they can regulate, so they will.
Re:France and Germany Agree to Block Facebook's Libra
by mrb on Saturday September 14, 2019 @01:25PM
(#20972325)
Bitcoin being "tolerated" is more accurate than "approved of". That's what I mean.
And again, if they didn't tolerate it, they could ban/outlaw it, just like China did.
Re:France and Germany Agree to Block Facebook's Libra
by Erlich_Bachman on Saturday September 14, 2019 @01:06PM
(#20972178)
So you're basically agreeing with the parent comment? (Just have some disagreement about governments underlying motivations?)
That is exactly the point. That would be a threat as they see it (just from reading the statement even). That's why bitcoin which is not a private entity, is not seen as a threat at this time.