Post
Topic
Board Altcoin Discussion
Re: Should we boycott the Facebook Coin (Project Libra)?
by
kaya11
on 24/06/2019, 23:21:40 UTC
Facebook is the antithesis of everything Satoshi stood for.

Should we, as the crypto community, boycott their effort?

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

It wouldn't be the first time that a company had engaged in lobbying and rent-seeking to harm competitors.


I think it wouldn't go beyond that point, maybe they will play by the rules and if their coin failed, I think they would stop and do something else aside from making a new coin, it's either upgrading their app or things that are related to it. Now we can't really easily boycott something that is so famous and without prior reasons. especially facebook is a tool used by billion of users around the globe.