Great observations. Our political & regulatory systems work very differently than you were taught in civics class. Good analysis of why Libra failed would pierce many of these illusions, but is unlikely: fintech fictions are a much better anti-depressant than Prozac.https://twitter.com/collins_belton/status/1182763283956162560 …
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Thank you, I appreciate it. I've been amazed at how quickly and often we humans can shift from a principled stance to cheering for the benevolent authoritarian that champions "our team". Scary because I can feel the sway of that siren song myself.
The world is full of people playing the pathological game of using regulators to kill competitors, so it's sad but inevitable that some HODLers would play that game too. But vastly more of that was coming against Libra from central banks and financial industry dependent on them.
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