Well China and the Koreans might not have an issue since they've banned Facebook in the first place. Inasmuch as I don't like the concept of Libra I feel the whole situation is just a paradox on its own. Facebook is censoring most crypto posts but if Libra isn't a form of crypto then what is it? I still feel it'll be manipulative and it'll control people's life. Banks and institutions would definitely not like the concept
Posted Using LeoFinance Beta
Libra is likely to end up as a digital currency that is controlled. After all the advantage to DLT is that anything that happens cannot really be changed. The immutability of it is amazing.
However, with this, I have a feeling the validators will be able to alter the system how they see fit.
Posted Using LeoFinance Beta
A digital currency that's controlled. It already sounds bad, I mean imagine this going through all these companies using people's data via Google and Facebook how they could literarily turn it to something must would need to spend. Lol like the literal mark of the beast hahaha maybe I'm just exaggerating.
Posted Using LeoFinance Beta
It is bad. Obviously they showed the inclination to shut off that which they disagree with. So imagine being able to stop transactions or close down accounts for, say, gun dealers, the RNC, or religious organizations.
Of course, they could turn on the DNC, the banking system, or pot dealers.
It is all up to them and they answer, basically, to nobody.
Posted Using LeoFinance Beta
Exactly, they could totally shut off deals they disagree with and give petty excuses since it's not something you can take them to court for. Their platform, their currency and one's just a passerby. This might become Centralisation 2:0 in a much more different light.
Posted Using LeoFinance Beta
With their inclination to censor, ban, and close accounts with social media, why do we think they will be any different when it comes to financial matters.
Think of it this way: Dan got his twitter account closed down because they didnt like what he was posting. Imagine if that was his money.
Posted Using LeoFinance Beta