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RE: Facebook's Currency Libra: Monetary Challenges

in #bitcoin5 years ago

I don't mind Libra if you're able to cash out into other cryptocurrencies and have your own keys but if not then I wouldn't touch it with a 10-foot pole. I think that it might do some good in terms of fucking with banks but other than that I just see it as a variation on what we already have maybe a bit faster. Hopefully, it's used as a necessary evil to transition people into the new economy

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I totally agree with you. I think it just a way for them to compete with banks and states without saying it out loud.
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