This seems like nothing but fearmongering. We don't any reason to expect that libra is going to displace "real" currencies.
Why the hell would the governments of the world give up their power over currency? It is a huge power they hold that they do not want to lose.
Have you ever heard the term "legal tender"? You are legally required to accept USD as payment in America, and every country has a similar law. The government can literally force you (with guns if need be!!) to use their currency. Is that better than what FB is doing?
Sometimes I think people get so wrapped up in dystopian fear mongering they don't analyze the current situation.
Why the hell would the governments of the world give up their power over currency? It is a huge power they hold that they do not want to lose.
Have you ever heard the term "legal tender"? You are legally required to accept USD as payment in America, and every country has a similar law. The government can literally force you (with guns if need be!!) to use their currency. Is that better than what FB is doing?
Sometimes I think people get so wrapped up in dystopian fear mongering they don't analyze the current situation.