Reddit Gold works on Reddit, and that's it. Libra pretends to be an actual currency, with which you can buy things.
There's also the issue of scale. Facebook is everywhere, if it controls our money it can become more powerful than governments.
There's also the issue of scale. Facebook is everywhere, if it controls our money it can become more powerful than governments.
We've probably crossed that bridge already, but this would certainly speed up that outcome.
Hmm I see why this might sound scary but I don't get why this is a bad thing, it might be the competition we need against governments to improve monetary systems across the planet.
Also, I disagree with the part about a corporation being "elected". If you don't like how your schools run, for example, you can vote for a different government, and at no point you will lose the schools for voting differently. If you don't like how Facebook is run (or any other company for that matter) the only way to "vote" is to be ready to stop using Facebook. In other words, the cost of having a say in how a company is running a service is possibly losing access to the service, and therefore the company has far more power over you than the one a "government" would have running the same service.