[Vervious]

Yes, I simplified a bit. But remember, they are each paying facebook at least $10 million, who for now controls the development. I would be very surprised, if somehow Facebook maneuvered themselves out of a position of power over the Libra Reserve.

Even if the private currency is controlled equally by these companies, I am still fear-struck. Do I want these companies to be setting global economic policy?

That implies financial regulation that is even less democratic than it is now!