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fallingsaucer · 1764 days ago · link · · parent · post: "Any company big enough to start its own currency is just too big."
Stuck behind a paywall, but I’ll have to say I disagree with the conclusion. The idea that a company has to be any particular size to be able to start a block chain currency is bonkers. Also, it is supposed to be backed by the American dollar, so it’s really just a different way, a bit further removed, of competing with PayPal. Don’t get me wrong, Facebook starting up a pseudo decentralized cytocurrency puts up all sorts of red flags considering how much they care about privacy. Perhaps it will be a good thing that allows us to have a greater swath of the population exposed to the idea of crypto currencies. May be the users will switch over to a better, and more private currency later on.