by Max Barry

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Region: Hollow Point

Rigiaball wrote:And we're back this week with tech-oriented debate this time.
Also, if you didn't see last week's post, I would just like to offer my condolences to anyone who may have lost friends or family in the recent mass shootings in the US.

"Should companies be allowed to create their own currencies, digital or otherwise?"

BBC: https://www.bbc.com/news/business-49090753

The Washington Post: https://www.washingtonpost.com/outlook/2019/08/12/facebooks-libra-cryptocurrency-is-part-disturbing-financial-trend/?noredirect=on

I personally don't get the hype over digital currencies, such as Bitcoin and the proposed Libra. I'm rather old-fashioned in that I prefer physical things like paper/coin money and movie/video game discs/cartridges to digital downloads and money I can't withdraw from a bank.

I have no problem with a company like Facebook creating its own currency mainly because using it would always be optional. Yes, Facebook could theoretically force users to convert dollars/other currencies into Libra if you want to access certain services, but continuing to use those services is a consumer's choice.

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