News for hackers. Stuff that matters.

A comment on France and Germany Agree to Block Facebook's Libra. Parent comment

Re:France and Germany Agree to Block Facebook's Libra by HashThis on Saturday September 14, 2019 @04:22PM (#20973511)
Right now, they don't generate revenue when the basket is only: USD + Yen + Euros.

But it is designed so they can switch those out for Gov bonds, corporate bonds, real estate (REITs), etc.

[ Parent | on HN ]
Re:France and Germany Agree to Block Facebook's Libra by bobthepanda on Saturday September 14, 2019 @08:02PM (#20974652)
Gov bonds, corporate bonds, REITs, that today all pay USD, or Yen, or Euros, or what have you. So still based on fiat. Except this revenue basket just looks like an opaque, complex security, and we saw how well that turned out during the last financial crisis.
[ Parent | on HN ]