Token Daily

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oojacoboo 5 hs ago

BitPay is seriously concerned about their future prospects in the Bitcoin community as everyone has started turning against them.

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Kain_niaK Bitcoiner since $11 2 hs ago

/r/bitcoin does not represent the group of people that use Bitpay. 95% of Bitpay payments are BTC, 5% are BCH. /r/bitcoin is a censored shithole, there might be 100 posts of people being happy with Bitpay and 1 post of somebody being unhappy. /u/theymos will remove the 100 positive posts and only let the negative one show up. Because of politics.

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fapthepolice Platinum | QC: BCH 270, CC 61, TraderSubs 7 3 hs ago

everyone != a bunch of nolife twitter trolls with uasf hats I'm using BitPay at least once per month, and they have just welcomed thousands of new users.

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CryptoChief Ethereum fan 5 hs ago

ADOPTION

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AsysLabs Bronze 5 hs ago

Ya but who really wants to use bitpay anyways?

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Kain_niaK Bitcoiner since $11 2 hs ago

I use Bitpay when I am in Europe to buy food because there is 44 000 restaurants using Bitpay. I use it for my seedboxes and VPN's. I use it for my hosting at namecheap and I use it for my VOIP at voipbuster. Bitay is great, It's 100% compatible with my desktop Electron Cash wallet and Bitcoin.com mobile phone wallet. Even auto tags all your transactions, so you don't need to do anymore additional accounting. Paying with bitpay is less of a hassle then having to type in your credit card or fool around with a random reader, you click on the payment url, your software opens, you click send and type in your password. Done. All payments are instant.

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AsysLabs Bronze 2 hs ago

>Bitcoin.com There's the problem right there. Edit: of course Bcashers will shill bitpay

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Kain_niaK Bitcoiner since $11 2 hs ago

Their wallet is a version of copay their open source wallet which is a great mobile wallet. The most reliable mobile wallet so far, it also has by far the most users of any mobile wallet. I am not shilling anything. I am sharing my experience of using Bitcoin, something that you apparently completely lack. Go ahead and order some food at any of the 44 000 restaurants in Europe that work with Bitpay.

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AsysLabs Bronze 2 hs ago

Do they deliver to Canada? I also need my food to be hot when it arrives.

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Kain_niaK Bitcoiner since $11 2 hs ago

No, that's only europe. But you can buy VPN's, seedboxes, hosting, voip providers, porn, all kinds of stuff online in Canada using Bitpay. Have you ever bought anything with Bitcoin so far?

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AsysLabs Bronze 2 hs ago

I don't need that stuff tho. I need authentic European cuisine delivered right to my door.

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Kain_niaK Bitcoiner since $11 2 hs ago

Well maybe you should go out and find some Canadian companies and convince them to accept Bitcoin instead of commenting on the work of other people without doing anything yourself.

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AsysLabs Bronze 2 hs ago

I already spend Bitcoin on Canadian companies but anyone using bitpay is boycotted

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Kain_niaK Bitcoiner since $11 1 h ago

Which companies?

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addiscoin 3 hs ago

>who really wants to use bitpay anyways Here is a start: [BitPay Supports Over 100 Non-Profits Processing $37 Million in Donations Since 2017](https://bitpay.com/assets/non-profit-bitpay-press-release.pdf)

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linuxkernelhacker Crypto God | QC: BCH 55, BTC 31 6 hs ago

that took a while

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989x4000 Crypto Expert 8 hs ago

When does it get added to the bitpay wallet?

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Kain_niaK Bitcoiner since $11 9 hs ago

Way to go Ethereum! Now Ethereum becomes a little more usefull for everybody. For example in Europe there are 44 000 restaurants working with takeaway/thuisbezorgd/lieferando for deliveries and they are with Bitpay. This means that there will 44 000 restaurants in Europe that you can order food from for delivery and pay with Ethereum.

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Hang10Dude Low Crypto Activity | QC: MarketSubs 37 10 hs ago

Yuge.

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libertarian0x0 Platinum | QC: BCH 318, CC 78 11 hs ago

Congrats to the ETH crew!

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Coindumper Yesterday

Great, a company should not have the power over what you can say, read and who can use money at the same time... especially facebook who has shown its far left political tendencies... lets not go the road of a the socialist supercompany state distopia...

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JibjeResearch 2 days ago

But Switzerland embraces it; thus, the EU will be Libra's friendly ...

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Dezeyay 2 days ago

Switzerland is no full member of the EU. They don't participate in making policy, they just follow EU rules.

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JibjeResearch 2 days ago

If Libra is in Switz, it will make its way out ...into the surrounding area ... Finance transcends boundary .... lolz :)

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Dezeyay 2 days ago

Unless blocked by EU.

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JibjeResearch 1 day ago

... Libra will be all over EU lolz ahahahaha .... just like other cryptos

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QRCollector Yesterday

In case you haven't figured out why you get downvoted yet: Libra isn't like other crypto's. It's a centralized stable coin ruled by freaking facebook. They'd just need to sanction facebook.

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JibjeResearch Yesterday

I don't care about the voting ... it's not important .. What is important is ... that Germany and France are running for cover when Libra is not even alive ...yet ... Just imagine when Libra is out ... globally ... and Germany/France can't do anything about it ... lolz

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50-Foot-Taco 2 days ago

They will store it with their Nazi gold

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espacequantique 2 days ago

This is no cause for celebration if you are a libertarian.

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shonens Yesterday

Given that it may very well advance Tezos as a potential currency I’d think it would be....let the state/state-associated corps eat themselves to pave way

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50-Foot-Taco 2 days ago

But what if you are a xenomorph?

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BouncingDeadCats 2 days ago

Facebook is no friend of liberty. They’re just going to use Libra to collect more data on users anyway. Monitor their purchases, browsing history and personalize their ads. Then they’ll sell that data too. Fuck Facebook.

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espacequantique 1 day ago

The entire principle of libertarianism is personal choice and responsibility. Don't use Facebook's solution for your transactions if that's what you think about it. Wanting to have the State ban their solution (which they only do to maintain a monopoly on currency and not because of your privacy concerns) is paradoxical if you call yourself a friend of liberty.

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Strong__Belwas Yesterday

What doesn’t make sense is your idealistic and backward notion of what ‘liberty’ is. All libertarians want is for the profit seeking sector to administer the state. You want to replace one thing with another thing, only less democratic. It’s pretty ironic actually.

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espacequantique Yesterday

What many libertarians have historically believed, notable amongst them F. A. Hayek, is in the ability of corporations to issue money and then have these private currencies compete with each other. The assumption is that the best currency (-ies) will win, sort of what is happening in the cryptosphere with the everyday competition for market share. There is no particular reason why the state would be better equipped to design a currency than any private actor, be that Satoshi Nakamoto or Mark Zuckerberg. The state being aware of this problem is using ministerial directives (their legal monopoly) to block the writing of a software, which in the face of it should be troubling even for your ordinary democratic citizens (if they hadn't been infused with Pavlovian responses against the "profit seeking sector").

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BouncingDeadCats 1 day ago

I rarely use Facebook and only under an alias with max privacy settings. If I can pit the state against Libra to advance my libertarianism ideals, even better.

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50-Foot-Taco 2 days ago

They just cuck'd the Zuck!

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shonens 2 days ago

Blocked by the same finance ministry whose leader praised Tezos: https://reactcrypto.net/bruno-le-maire-praises-tezos-and-the-bank-of-france-tests-a-tezos-node/

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baptiste343 2 days ago

He praised because the founder is French. Otherwise the guy wouldn't have do it.

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Armalioga Yesterday

Do you know the guy personnaly ? please stop acting like a french cliché guy. If lemaire has said good thing of tezos, maybe it's because it's french, but for sure it's not the main reason. There is no particular interest to date for him to say Tezos is good. He is well inform about the blockchain technologies, he has met several times the principals french stakeholders, startups, etc. He knows his topic.

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shonens 2 days ago

Not sure you can have evidence for that claim

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Crypto_To_The_Core 1 h ago

“The ‘mining’ industry of virtual currency belongs to the pseudo-financial innovation unrelated to the real economy, and should not be supported.

China’s state planner said it wanted to eliminate crypto mining throughout the country for the concern about energy usage and environmental pollution

Yep, MASS ADOPTION aaaaaannny second now ....

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Crypto_To_The_Core 1 h ago

60% of global mining happens in China, and that Sichuan alone produces 50% of global hashrate

DECENTRALISED !!!

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UnfairFisherman 10 hs ago

Sichuan generated 90% of all electricity with renewable energy, by contrast, Xinjiang generated 23% of its electricity with renewables, and Inner Mongolia generated only 16% of its electricity with renewables in 2017.

miners used to opportunistically relocate their mining device in Sichuan to Inner Mongolia/Xinjiang once the wet season (from May to September) in Sichuan comes to an end.

Oh wow, turns out the claims about the bitcoin mines in Sichuan using clean renewable hydro power were slightly exaggerated, what a shocker.

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fungwah 8 hs ago

No it’s ok they’re just using the coal no one was going to burn otherwise, trust me

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Cthulhooo 8 hs ago

They linked that coinshares research, this is good to know: >We currently estimate that 60% of global mining happens in China, and that Sichuan alone produces 50% of global hashrate Time for clean up in Sichuan too :D

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Darxchaos 3 hs ago

You know, this brings up an interesting point that butters always dismiss as fake news. <60% global mining happens in China. <China has over 50% hashrate, therefore Bitcoin is effectively controlled by China. <Bitcoin is supposed to be a currency no nation can control. Stateless currency of the future right here, guys!

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thehoesmaketheman 12 hs ago

The ‘mining’ industry of virtual currency belongs to the pseudo-financial innovation unrelated to the real economy, and should not be supported. The Development and Reform Commission, the Public Security Department, the Department of Industry and Information Technology, the Financial Office and the Big Data Bureau decided to carry out a clean-up and rectification of such enterprises and have them orderly exit from the region.”

Pseudo-financial innovation unrelated to the real economy! Lol! Nailed it. Otherwise known as a financial scheme or a pyramid-like.

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SnapshillBot 14 hs ago

We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin.

Snapshots:

Not even China is okay with bitcoin... - archive.org, archive.today

I am just a simple bot, not a moderator of this subreddit | bot subreddit | contact the maintainers

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coinval_co 9 hs ago

It's not a real crypto anyway, https://www.youtube.com/watch?v=FRT6t4862ww

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Trinkelfat Yesterday

People still using Facebook should be punished. They are a literal blight on the face of the Earth. It's good that their data is stolen, but when they compromise others who don't even use that shit, alarm bells are ringing. Fuck facebook users.

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ElGovanni Yesterday

That's why UK is leaving EU. This two guys decide and now whole EU have to accept it.

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SlantViews Europe Yesterday

And you'd rather see Facebook assume sovereign powers reserved for nations just to prove that point. That's why most people are happy dunces like you are leaving the EU. Bye now!

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Powerpuff_Rangers Yesterday

While I am happy that Facebook's shit might get blocked, I am afraid that similar measures will be used against non-corporate cryptocurrencies in the future.

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giraffenmensch Yesterday

Good. We don't need corporate currencies in Europe. Let Americans do this if they think it's a good idea. Actual free and decentralized cryptocurrencies are still completely legal here and France has just decided on a very fair way to tax them.

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Evil_ivan Yesterday

And they are entirely right. Running a currency is WAY too much power in the hands of an unaccountable corporation.

Imagine companies starting to pay worker salaries in currency they control so workers can buy affiliated and approved products. That's a straight highway to a dystopian future.

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Theolos 1 day ago

I dont get why people are afraid of corporations more than governments, can anyone explain?

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MightyButtonMasher Yesterday

The people (at least indirectly) influence who's in power in government. For corporations, it's just shareholders and market forces.

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Theolos Yesterday

Arent shareholders indirectly influencing who’s in power in a corporation?

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RdPirate Bulgaria Yesterday

And when did YOU elect those shareholders?

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Theolos Yesterday

You can become one

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RdPirate Bulgaria Yesterday

And how many billions do you have wage slave? Cause I doubt you will be in the top few %.

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Theolos Yesterday

Your vote doesn’t weigh that much either, what is your point?

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RdPirate Bulgaria Yesterday

Politicians atleast have to make it look like they care so they generally don't try to skin you for all you are worth. Companies only care about what is in your pocket and not if you will eat tomorrow.

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joh_hectic 1 day ago

What is Facebook's motive here? Are they making money from this somehow?

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IsstDoenerImFlixbus Yesterday

They want to establish a currency that they control and encourage using it in the real world. That way, they can get a percentage off every purchase from the seller, and they could also buy stuff for themselves with currency they can create out of thin air.

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Evil_ivan Yesterday

Running a currency without any accountability is an enormous power in itself. For example they could start a cartel of corporations that start paying their workers salaries in Libra so the workers are forced to buy into a list of approved products from one of the cartel member. It's easy to imagine entire parallel economies developing from there, completely unchecked and completely unaccountable.

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Romek_himself Europe 1 day ago

block complete facebook ... save the kids!

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Romek_himself 1 day ago

block complete facebook ... save the kids and olds!

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zam0th 1 day ago

Look at this from another perspective: "nations", or more accurately - national gouvernments, do as they please with monetary politics and their currencies (€ in this case) and the only loosing party in that are peoples of those nations.

Imagine what those fat cynical capitalists will do to you and your money with the "free" currency that isn't backed by anything but promises and pieces of paper that are their inflated stocks and isn't regulated by the market, but only by whims of those copropations.

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isisishtar 1 day ago

I'm happy to see this proactive blocking move against the pseudo-crypto Libra currency. There are already a hundred perfectly useful cryptocoins out there already; we don't need one that's geared to gather data.

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sluggathugga Canada 1 day ago

Great.

Here's the problem: France and Germany are going to block Libra. Yet France and Germany are in a monetary union that extends to most parts of the EU. So if the financial asshole of the world, Luxembourg, figures "hey we can fuck-fuck ourselves some money by fucking over our neighbours by allowing Libra to Euro trades we can fuck-fuck ourselves a fuckton of money".

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PoliticsModsFail 1 day ago

no private entity can claim monetary power, which is inherent to the sovereignty of nations

So who wants to uses this legal argument to go after EA and Ubisoft, etc., for their in-game currencies?

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russian_hackers 1 day ago

You think in game currencies are money? American public school educated I presume

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SlantViews Yesterday

In the same way the Democratic People's Republic of Korea is a democracy, I suppose.

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PoliticsModsFail 1 day ago

If Libra is money, then in game currencies (i.e., the ones you buy for real money to buy lootboxes, such as coins in fifa 2019) are money.

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russian_hackers 1 day ago

You really are american public school educated...

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PoliticsModsFail 1 day ago

You keep saying that, and yet you can offer not substantive reason why I'm wrong. Funny that.

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[deleted] 1 day ago

[removed]

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PoliticsModsFail Yesterday

>Any idiot knows that if you can't buy real things with your currency, then its not a real currency First, you can cash out the currencies I described and thus all of them can be used to buy real things. Second, from a legal POV (in the US, UK, France, and Germany) you are wrong as to your definition of currency. You couldn't fail any harder at this if you were trying.

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russian_hackers Yesterday

It looks like you even flunked your american public school education If you have to cash out your currency to buy things with the cash, then you literally can't buy things with the currency... I'd tell you to stay in school, but that won't help you I won't be waste anymore time with you

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PoliticsModsFail Yesterday

>If you have to cash out your currency to buy things with the cash, then you literally can't buy things with the currency... That statement is self-contradictory. You've departed fail for the pastures of epic fail. You're a seriously bad troll.

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25521177 Yesterday

Take the L and move on dude. You lost this one

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MildlyDisturb3d 1 day ago

e-coin anyone?

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Dankmaster619 Yesterday

Can know about it [here](https://www.e-coin.com/)

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eliminating_coasts 2 days ago

I CLAIM MONETARY POWER

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tmpxyz 2 days ago

France and Germany need to be careful of black ops from Trump.

You cannot predicate what dirty tricks he's going to use.

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Trinkelfat Yesterday

Pfft. What's he gonna do? He doesn't seem to understand that other sovereign nations are absolutely not under the control of or at the behest of the US. We've already seen oil traded in non-US dollars - and that was supposed to be some big deal... Keep spreading those "forces" thinner and thinner. See how much clout you end up having. America can't fight everyone, no matter their bluster. Trump will learn, sooner or later.

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[deleted] Yesterday

What the fuck does Trump have to do with libra? 🤦‍♂️

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bsmdphdjd 2 days ago

Isn't it true that the vast majority of 'money' is created by privately owned banks making loans?

So making money is clearly NOT "inherent to the sovereignty of nations".

How is Libra different from individuals making private contracts and agreeing to accept some arbitrary object (eg cowrie shells) as the unit of exchange?

That said, I think anyone would be stupid to put their money in the control of Zuckerberg.

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lollygagme 2 days ago

I'm gobsmacked that people even have to think about this. It's Facebook.

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Trinkelfat Yesterday

The fact idiots are still using it speaks volumes.

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kamchii 2 days ago

Governments can decide to ban it all they want, but at the end of the day most of these currencies are opt-in at an individual level and they cannot prevent it.

The reason Facebook is trying to lead the charge, for better or worse, is because if they don't do it another company will beat them to the punch. The amount of money companies can save by cutting out the banking and payment services is enormous.

It's coming in one form or another.

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user_48217 2 days ago

Um, haven't private currencies been perfectly legal in most of the world for a long time now? Seems like blatant lies.

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AwsumO2000 2 days ago

so you try to block my stoyle, ééh?

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dataflexin 2 days ago

Amazing. Good to see Europe standing up for what they believe in!

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mrnotoriousman 2 days ago

I seriously cannot believe anyone in their right mind would ever even consider purchasing Libra. It feels like some shit to prey on grannies with.

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wrainedaxx Yesterday

As a Canadian, I certainly wouldn't, but if I lived in Venezuela or Zimbabwe I could certainly see the appeal of a stable currency I could use to pay for things.

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FriendlyPolitologist 2 days ago

I think the fact that Libra is being branded as "facebook currency" is a psy-op. Firstly, check what are the other organizations that form part of libra association. That list is nightmare fuel. Secobdly, think about how facebook has already become a "necessary evil" in the eyes of most people. It's "kewl" to be woke enough to know it's a shitty social network but "muh keeping in touch" or "muh job requirements" kick in, so nobody deletes their account. The same thing will happen to Libra. "Yeah, I know it's shit, but I still need to use it because everybody else does/services I use do".

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Tamos40000 2 days ago

The first people they're targeting are from developing countries with no stable currencies (think Venezuela). They have already announced that was the plan. This will give them more power than the government of these countries.

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lamiscaea 1 day ago

Oh no, now those poor people dont have to run around with wheelbarrows full of cash to buy a loaf of bread. How horrible!

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