[bmdavi3]

Sure it'll be nice to make easy money off the interest on deposits. And it'll be nice to make money on the analytics that can be run on all the worlds' transactions. Great.

But the biggest pay off is that once consumers buy into Libra as a thing on its own, the policy can be changed to no longer link it to any basket of currencies, and it can then be issued without that annoying and expensive currency-buying-thing. Just pure profit.

What am I missing?

[mr_toad]

> it can then be issued without that annoying and expensive currency-buying-thing. Just pure profit.

https://en.wikipedia.org/wiki/Seigniorage

You can only do so much of that before you debase your currency.

[i_am_nomad]

You’re missing the part where Treasury agents swarm the Libra offices and arrest everyone for various flimsy charges. If there is one single thing that enrages the government more than anything else, it is denying it revenue.

[buboard]

libra is in switzerland