Re:Paypal Withdraws from Facebook's Libra Cryptocurrency
by jklein11 on Friday October 04, 2019 @08:46PM
(#21163109)
The difference is that Airbnb and Uber has a lot less to lose. If they got shut down by the govt they could just lose some VCs money. Facebook has a lot more on the line.
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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency
by adventured on Friday October 04, 2019 @09:33PM
(#21163277)
Further to that point, Airbnb and Uber are primarily dealing with issues related to local laws, for example in New York City or San Francisco.
New York City shutting down Airbnb doesn't shut them down in the thousands of other cities they're active in. If Boise Idaho restricts Uber, that doesn't suddenly restrict them in Chicago.
The US Government has an entirely different kind of power and when it comes to protecting the global reserve currency, the one guarantee is that they will use it.