3 votes grimlok — 3 votes, 4 commentsSource

the social network says it has “no special role” in governing and will manage equally with a group of big companies

“a group of big companies” governing a currency. What could go wrong?

Update: Europe doesn’t like this idea: https://www.bloomberg.com/news/articles/2019-06-18/france-calls-for-central-bank-review-of-facebook-cryptocurrency

The idea of for-profit entities controlling a monetary system doesn’t give me ANY good feelings.

I have a hard time taking seriously any new software that is described with “blockchain”.

How is that complementary currencies are illegal, but when Facebook makes them they are not?