Re:Facebook’s Libra is still dead – Diem to be sold off for ...
by splintercell on Friday February 04, 2022 @08:14PM
(#30215976)
> Remember prohibition?
Yes, but I thought the whole point of prohibition (unless you're living in that weird period between 18th amendment and 21st amendment) is that it was a terrible idea, never to be repeated again.
> The minute the fed considers Bitcoin and crypto to be a risk, they'll axe it. Coinbase or not.
This doesn't make sense, you presume that Fed has zero understanding of consequences of their actions.
Fed may consider something to be a risk and yet not act on it. Just because they haven't acted on it, doesn't mean they don't consider it to be a risk.
Yes, but I thought the whole point of prohibition (unless you're living in that weird period between 18th amendment and 21st amendment) is that it was a terrible idea, never to be repeated again.
> The minute the fed considers Bitcoin and crypto to be a risk, they'll axe it. Coinbase or not.
This doesn't make sense, you presume that Fed has zero understanding of consequences of their actions.
Fed may consider something to be a risk and yet not act on it. Just because they haven't acted on it, doesn't mean they don't consider it to be a risk.