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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 powerapple on Sunday September 15, 2019 @02:41AM (#20975910)
Is it just another kind of foreign currency, not controlled by German government. The reason why bitcoin is popular is that people believe governments and central banks cannot be trusted, and they are evil anyway.

I understand why the governments do this, because they fear losing control.

[ Parent | on HN ]
Re:France and Germany Agree to Block Facebook's Libra by w1nst0nsm1th on Sunday September 15, 2019 @03:28AM (#20976041)
That's for the theory. In practice, Bitcoin is popular because it allow you to speculate on an instrument easy to manipulate if you have enough funding and because it allows you to buy drugs on dark markets. Beside that, due to the volatity of Bitcoin, it has no practical use.
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