Post
Topic
Board Altcoin Discussion
Re: Should we boycott the Facebook Coin (Project Libra)?
by
mickey_miner
on 12/09/2019, 21:24:49 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.

Boycotts will not help, because if the goals of the state coincide with the goals of Facebook, the state will help to do what is intended.