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kleinbl00 · 1980 days ago · link · · parent · post: "Any company big enough to start its own currency is just too big."
1) "Matt Stoller is a fellow at the Open Markets Institute." 2) A nobody with no money has no influence over anyone. The product has to sell itself. Bitcoin has. 3) Banks created currency for governments. You're describing scrip, which is of limited purpose. Libra is scrip, not currency, but Facebook intends to use it as currency above and beyond the currencies in its native targets (India, Nigeria, etc). 4) Governments have power over banks. Nigeria, India etc. do not have power over Facebook.