Lol remember Libra?pic.twitter.com/enoHvEZifB
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Facebook's stated aim was to create a currency to rival the dollar, and I guess step 1 of that is to tether it to the dollar, so the dollar can't escape.
A more serious question is why Zuckerberg's grandiose projects continue to get taken so seriously. Curing all disease, replacing the dollar, running-not-running for President, all these received massive amounts of press coverage unaffected by the many previous failures.
The Facebook Oversight Board should be seen through the lens of this serial grandiosity. The company is cosplaying a state—it wants its own currency, its own Supreme Court, its own Maximum Leader. (To their credit Facebook has so far stayed out of the plutocracy space race)
I assume you know the answer: killing it outright is too embarrassing so they need tp transmogrify it into vaguely more plausible before killing it
No, I hadn't thought of it, but of course that makes perfect sense. My brain unfortunately is dead from thinking about bitcoin
You don't have to trust FB. You just have trust the validators.
Just obfuscated enough from company store cash for regulators to let them Do Things
The irony is a functional payment system that worked through Facebook messenger would be amazing. Do what wechat has done and make it trivially easy to send money to your contacts
i think it's called rocks- or leveldb, but I've never considered FB an IT powerhouse
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