Topic: Facebook Libra, Why Not Bitcoin/Bitpay? Or is it a problem with scaling? POLL. - page 2. (Read 248 times)
October 23, 2019, 08:18:58 PM
Yeah it's the ability to fully control and freeze funds, issue them and have them be "real" by being backed by shitty fiat that they control and have in their liquid bank and borrow against creating interest and making money off of fees. They wanted to be making money coming and going and profiting off any fiat that they backed it against.
October 23, 2019, 04:27:52 PM
Reserved
October 23, 2019, 04:27:37 PM
On the whole Facebook Libra thing. Looks more than dead in the water to me. I still don't get why they simply did not
buy out BitPay and Facebook just does as it pleases with crypto transactions.
Is it:
1) Facebook prefers its own currency Libra for the power/control/data mining on personal info from users as a result of use?
2) Bitcoin can't scale enough for transactions maybe? Technical people help me here, please! Scaling up for that many users on Facebook using Bitcoin just not do'able?
3) The governments of the world would lose their frigging minds on such an effort, due to the decentralization and thus make Facebook's life hell? (Not really sure,
how that differs from today's hearings..but let's go with that anyway)
So, it seems to me, that Facebook could use Bitcoin using Bitpay like www.newegg.com and others without issue. Hell, even Opera is adding it to their Android Browser,
if I remember right.
So what am I missing here guys? Or am I just frigging clueless on the politics and big business on all this?
take the poll
later
Brad
buy out BitPay and Facebook just does as it pleases with crypto transactions.
Is it:
1) Facebook prefers its own currency Libra for the power/control/data mining on personal info from users as a result of use?
2) Bitcoin can't scale enough for transactions maybe? Technical people help me here, please! Scaling up for that many users on Facebook using Bitcoin just not do'able?
3) The governments of the world would lose their frigging minds on such an effort, due to the decentralization and thus make Facebook's life hell? (Not really sure,
how that differs from today's hearings..but let's go with that anyway)
So, it seems to me, that Facebook could use Bitcoin using Bitpay like www.newegg.com and others without issue. Hell, even Opera is adding it to their Android Browser,
if I remember right.
So what am I missing here guys? Or am I just frigging clueless on the politics and big business on all this?
take the poll
later
Brad
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