Quote:
Originally Posted by Lune
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Stupid ass libertarians. These things are regulated for a reason. Facebook is going to sell your financial data to all the other corporations who will quickly gain an omniscient view into the financial data of everyone who uses their currency, including what prices they can afford, are willing to pay, etc, to better collude to fix prices, etc.
This is precisely why banks have been forbidden from participating in other forms of commerce for the last century in the US. Most people believe you shouldn't have to compete against your bank.
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Not saying that libra SHOULDNT be regulated fucktard. Im saying it WILL be: should or shouldnt is irrelevant. At the end of the day, Libra WILL be facebook's dollar-tethered digital gift certificate, and THEREFORE it will not and cannot usurp cryptocurrencies like btc, bsv, eth and the like.
Jesus, youre so eager to dive into the discussion with an argumentative approach its fuckung astounding. Living with you must be a real gem.