France and Germany Agree to Block Facebook's Libra

Re:France and Germany Agree to Block Facebook's Libra by IGotThroughIt on Saturday September 14, 2019 @03:40PM (#20973226)

Indeedy. My country has 7% inflation. And that calculation is done by the very state that is responsible for inflation so their word on this only means so much. Any other currency or store of value that solves this is more than welcome.

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Re:France and Germany Agree to Block Facebook's Libra by twistiti on Saturday September 14, 2019 @04:53PM (#20973710)

Would it be a solution for you to buy foreign currencies with lower inflation amount (e.g. EUR)?

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Re:France and Germany Agree to Block Facebook's Libra by azernik on Saturday September 14, 2019 @07:30PM (#20974524)

"capital controls" generally includes foreign exchange controls, i.e. restrictions on conversion to foreign currency and local use of foreign currency.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

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Re:France and Germany Agree to Block Facebook's Libra by meschi on Saturday September 14, 2019 @09:02PM (#20974895)

And why should this be different for a private currency controlled by facebook?

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Re:France and Germany Agree to Block Facebook's Libra by austhrow743 on Saturday September 14, 2019 @10:34PM (#20975219)

It shouldn't. All capital control is terrible. It could be different though.

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Re:France and Germany Agree to Block Facebook's Libra by IGotThroughIt on Sunday September 15, 2019 @06:14PM (#20979770)

A lot of wealthy people do that. It isn't as straight forward though. It would be nice to be able to do so on the internet and for smaller amounts.

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