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by Hermel
2243 days ago
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No, we're in an age in which innovative projects are suffocated by shady politics before they even onboarded their first user. Remember the letter sent to Libra consortium members by US senators? [1] They threatened Visa, Mastercard and Stripe with extreme regulatory scrutiny of all their payment business (not only Libra-related) in case they would stay on the project. The threat worked and the threatened companies left the consortium soon after. This is right out of the playbook of despotic governance: create laws so complex that everyone is probably violating some of them all the time and then selectively enforce the law against those you don't like. [1]: https://www.brown.senate.gov/newsroom/press/release/brown-sc... |
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