This would be such a "the world is an okay place" thing to happen the idea is actually terrifying. https://twitter.com/CaloriesProper/status/1184289356195889152 … ...
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... I'd have to re-brand as some kind of cheerful conservative.
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... "I always knew it was all going to be alright, son."
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Replying to @Outsideness
Apparently Bitcoin was actually their preference, but they were forced to roll their own crypto because Bitcoin wouldn’t scale for fb’s user base. Given Libra is entirely trusted however, I can’t see why they couldn’t have used BTC on a trusted L2.https://decrypt.co/9008/bitcoin-facebook-libra-abra-ceo …
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Replying to @rob_mose @Outsideness
But I suspect the real sticking point is that Bitcoin’s volatility just makes it a poor solution for payments, and that payments, rather than SoV or bootstrapping a new form of money, is facebook’s primary usecase.
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Bitcoin is volatile because the future of political economy is exciting. It endogenizes the regime risk that macroeconomics conjures into the wings.
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