Libra still needs more baking

Re:Libra still needs more baking by garmaine on Sunday April 26, 2020 @02:47AM (#22985103)

Bitcoin isn’t meant to interface with existing financial institutions.

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Re:Libra still needs more baking by fidelramos on Sunday April 26, 2020 @04:39AM (#22985602)

Correct. It's actually in the first line of the Bitcoin whitepaper's abstract:

> A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

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Re:Libra still needs more baking by ac29 on Monday April 27, 2020 @12:33AM (#22992908)

Sure, but effectively 100% of the world's economy takes place via fiat currencies. One could remain anonymous by accumulating a bunch of cash (or gold, or some commodity, etc) and never spending it as well.

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