Facebook is already too big and too powerful, and it has used that power to exploit users’ data without protecting their privacy. We cannot allow Facebook to run a risky new cryptocurrency out of a Swiss bank account without oversight. https://t.co/IjZOFNai3r
“The end goal of any monopoly is to become ‘Too Big To Fail.’ Libra is how Facebook plans to become the latest vampire corporation in modern capitalism. Libra represents Facebook and Silicon Valley taking a major step towards becoming a sovereign state.“ ~ Will Martino, Kadena
I've often made the point that everyone on twitter is just (poorly) repeating decade and century old arguments about economics.
David here actually has a novel, useful contribution to the semantics of time preference. 👏👏👏
@tradewizard123@saifedean@pierre_rochard While we are on the topic, semantics issue with HIGH and LOW Time preference. Why can't it be just LONG or SHORT time preference? I always forget what high / low directionally means, but LONG time preference would be analogous to long term thinking.
I will save everyone from more commentary on Libra. I honestly don't know what else to say other than that it is freaky to think people with so much money can have such a poor understand of what money actually is. Perhaps I'm the fool for not getting it.
Facebook's Libra will distance itself from BTC and have deals with traditional banks and authorities, said head of blockchain at Facebook.
So, what do you think, guys? Is this the end of decentralization?
Hard to say🤔
Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows
Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits…