11–20 of 100 posts
Given that Libra is not a real cryptocurrency (it requires trust), is this a way for them to plant FUD around bitcoin?
>is not a real cryptocurrency (it requires trust) Trustless is not a requirement for a cryptocurrency. PoS requires trust, but still would be a viable consensus mechanism for a cryptocurrency.
Since "people are excited about the project and cheering for it" is not newsworthy material, we get articles like this. An absolute waste of time.
What's a waste of time about this? It seems reasonably well balanced, facebook have an incredibly narrow line to walk launching this currency. Finance unlike the internet actually has regulation, and a negative view from a regulator has the potential to scupper the project. Everyone is cautious as a result. Its a chess match at this point.
Call me dumb for saying this, but I can go to a casino or chuck e. cheese and trade in USD for chips I use at their location. I could take those chips somewhere else if I wanted to and use them with anyone willing to take them. Why is Libra so upsetting? Isn't it the same thing? It seems to me like criticizing Facebook is just the fashionable response to it right now.
Perhaps mildly off-topic, but it looks like Google is not in on the project?
Why would they want to be in it?
More broadly, it seems that yet another media campaign to push Facebook's bowl over somehow is going on. Not a fan of the company by any means, but it does look like this project has merit and will happen whether the naysayers want it or not. Given this I would just assume that any big tech company would like to participate with their knowhow.
And yes, maybe it won't succeed, but it's hard to see how it wouldn't. I guess the regulators are the biggest possible obstacle.
Call me dumb for saying this, but I can go to a casino or chuck e. cheese and trade in USD for chips I use at their location. I could take those chips somewhere else if I wanted to and use them with anyone willing to take them. Why is Libra so upsetting? Isn't it the same thing? It seems to me like criticizing Facebook is just the fashionable response to it right now.
Casinos are highly regulated. If Facebook was under a similar degree of regulations I would be at ease.
Call me dumb for saying this, but I can go to a casino or chuck e. cheese and trade in USD for chips I use at their location. I could take those chips somewhere else if I wanted to and use them with anyone willing to take them. Why is Libra so upsetting? Isn't it the same thing? It seems to me like criticizing Facebook is just the fashionable response to it right now.
Casinos are highly regulated. If Facebook was under a similar degree of regulations I would be at ease.
"Your Libra wallet and funds have been permanently banned for violating Facebook code of conduct" read an email notification. Her crime? Clicking the "like" button on ...
What do you expect from a "currency" with the ethics of Uber, the censoring ability of PayPal and the customer service quality of Vodafone?
I even tried complaining through their website about my miserable failures in trying to buy stuff from them and their online complaints form returned an error when I submitted it - meaning that I ended up emailing them complaining about their complaints process!
Edit: Apologies for the off topic rant - but I saw "Vodafone" and "customer service" together and couldn't stop myself.
Call me dumb for saying this, but I can go to a casino or chuck e. cheese and trade in USD for chips I use at their location. I could take those chips somewhere else if I wanted to and use them with anyone willing to take them. Why is Libra so upsetting? Isn't it the same thing? It seems to me like criticizing Facebook is just the fashionable response to it right now.
Casinos are highly regulated. If Facebook was under a similar degree of regulations I would be at ease.
I could send someone an Amazon gift card or a Starbucks digital code as long as me and recipient agree on a common medium for such transaction.