Re:Open Libra: An open platform for financial inclusion
by eru on Monday October 14, 2019 @04:40AM
(#21246216)
Libra is pretty vague about how they would peg.
What's the connection to the GBP supposed to show? You can uphold a peg given the right setup, the pound just didn't have that. (And in this case, the British economy was better off with a cheaper pound.)
Eg balances in my bank account are very successfully pegged to cash. Similar the HKD has been pegged to the USD without much issue for a few decades now.
What's the connection to the GBP supposed to show? You can uphold a peg given the right setup, the pound just didn't have that. (And in this case, the British economy was better off with a cheaper pound.)
Eg balances in my bank account are very successfully pegged to cash. Similar the HKD has been pegged to the USD without much issue for a few decades now.