131–138 of 138 posts
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In October last year, Facebook hired Nick Clegg, former UK Deputy Prime Minister and well-known Europhile, as head of Global Affairs and Communications. So that's your years of relationship building, acquired in one go.
Nick Clegg isn't exactly well thought of. They goofed hiring him, which is great because the more Facebook fucks up the better the world becomes.
I put this in another thread but I've been shouting it far and wide today. I've lived in China and seen how this plays out. Facebook's new Libra Blockchain will be a centralized bank but way more dangerous. It will allow for a worldwide social credit system. If Facebook decides to remove you for wrong speak or wrong think, your money and many services will be inaccessible. Further, they have no mandate like the centr…
Please don't repeat comments in multiple threads. Repetition destroys curiosity and is therefore off topic here.
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Same thing in Scandinavia, but it's a cooperation between banks. Know someones phone number? Open the app "Swish" and send him money.
Why what is the use case here that bank transfers, cheques and cash don't already solve
It's just an ease of access / quality of life thing. Your question is more or less equivalent to: "What's the purpose of QR-codes? Just enter the URL!" - it's easy, fast, and frankly nice. A really really simple and great way to send small amounts of money between people.
>Parity with this basket of currencies will be reached via a redemption mechanism similar to other stablecoins such as Tether So.. no reliable way to actually get your monopoly money into USD? at least they don't falsely claim to have the USD sitting in a bank, that's a start i guess.
An article I read claimed exactly that, saying that the real money sitting in a bank would also be used for generating interest to pay back initial investors Can't find the source but it was reliable, Techcrunch or the New York Times I think
This is all a game. Bitcoin and other coins are currently available for use by anyone. Their value is decided on network effects or supply/ demand. It's not regulated and can facilitate global transactions (I.e if you have patience and time). For some people it's working well. What we will probably discover is as long as Bitcoin is difficult to use and targets people with niche requirements the government will look t…
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Isn't this a transfer of power over the movement of money away from the government, and to a corporate consortium? That’s kind of the point.
Massive power shifted towards corporate consortiums: Often this presages bad news on geopolitical scales.
Adding further support to my view that in today's world, (mainland) Europe is civilization's last hope.
Hey there, Republic of Ireland would like to have a word with you :)