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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.
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.
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.
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Why would they want to be in it?
facebook would not want to invite google, since facebook's biggest competitor is google (advertising wise).
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.
- financial data: who will own it. Governments want access to it first hand. - monetary policy: governments want to be able to define the circulating amount.
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.
In real life if a casino doesn't think you got a chip from them directly as part of gaming at that casino they won't pay out on it. That actually happens with some regularity.
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Casinos are highly regulated. If Facebook was under a similar degree of regulations I would be at ease.
I don't think using chips is why they are regulated though. It is more the gambling with chips or actual dollars that causes the regulation.
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Why would they want to be in it?
Well, it seems like if the biggest social network is initiating currency project then rather have a foot in than out, no? 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 compan…
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.
I won’t call you dumb, but you can only stretch an analogy so far. And some weirdos trading pizza arcade tokens like they are real money is not at all the same as one of the richest companies in the world trying to disrupt the global currency market for gain. Since you asked—that’s the difference, that’s what has got people “upset.”
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What do you expect from a "currency" with the ethics of Uber, the censoring ability of PayPal and the customer service quality of Vodafone?
Regarding Vodafone - I think it takes some special kind of talent to be so utterly and consistently awful across all channels for customer service. 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: Apo…