> It is a facebook-controlled private currency
Can you clarify? Isn't the currency going to be owned by a consortium of various global businesses [1]? Are you unaware of that?
Can you clarify? Isn't the currency going to be owned by a consortium of various global businesses [1]? Are you unaware of that?
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!