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Can't wait for a cryptocurrency with the ethics of Uber, the censorship resistance of Paypal, and the centralization of Visa, all tied together under the proven privacy of Facebook.
I've always said the thing that cryptocurrency was missing was consortiums of corporations fully invested in the existing financial sector.
Who, seriously, looked around the room and said, "shit, we really need to invite PayPal"
Do you trust 2/3 of paypal, visa, uber and facebook <insert other corps here> not to collude to publish contradictory checkpoints? What does byzantine consensus even mean in that scenario?
"Facebook won't control the coin" it will just develop the coin and then assemble the initial members of the consortium after which point the power will be distributed to the consortium members, that Facebook picked, and who are all large corporations.
See, decentralized.
See, decentralized.
In the future, Paypal will verify your transaction behind the scenes as you pay for your Uber seamlessly using your phone, just top up your Facebook Libre account with Visa or Mastercard. So much innovation.
