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A comment on Libra still needs more baking. Parent comment

Re:Libra still needs more baking by fnord77 on Saturday April 25, 2020 @10:44PM (#22983900)
we're in an age when big corporations are starting to wield more power than governments. And nobody elected them.

They'll have their own armed forces, soon enough

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Re:Libra still needs more baking by Hermel on Sunday April 26, 2020 @01:22AM (#22984719)
No, we're in an age in which innovative projects are suffocated by shady politics before they even onboarded their first user.

Remember the letter sent to Libra consortium members by US senators? [1]

They threatened Visa, Mastercard and Stripe with extreme regulatory scrutiny of all their payment business (not only Libra-related) in case they would stay on the project. The threat worked and the threatened companies left the consortium soon after.

This is right out of the playbook of despotic governance: create laws so complex that everyone is probably violating some of them all the time and then selectively enforce the law against those you don't like.

[1]: https://www.brown.senate.gov/newsroom/press/release/brown-sc...

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Re:Libra still needs more baking by searchableguy on Saturday April 25, 2020 @11:14PM (#22984053)
Samsung and few others already do.
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