Re:Open Libra: An open platform for financial inclusion
by eru on Monday October 14, 2019 @04:44AM
(#21246236)
What are you trying to accomplish?
If you want to pay people a basic income, then lets pay people a basic income. No need to sneak than in via the money we are using.
And why force shops to accept any currency? If anything, legal tender laws should be abolished.
(Though in practice, they don't have much bite most of the time, because the shop can just set the official dollar price for a banana at 1 Million USD, and give you a 'discount' if you pay in their preferred currency, be that Euro or Cowrie shells etc.)
FDIC was also a mistake, but let's not get there just now.
If you want to pay people a basic income, then lets pay people a basic income. No need to sneak than in via the money we are using.
And why force shops to accept any currency? If anything, legal tender laws should be abolished.
(Though in practice, they don't have much bite most of the time, because the shop can just set the official dollar price for a banana at 1 Million USD, and give you a 'discount' if you pay in their preferred currency, be that Euro or Cowrie shells etc.)
FDIC was also a mistake, but let's not get there just now.