, 3 tweets, 1 min read Read on Twitter
This is a telling Tweet from Facebook: Library is a "currency" rather than a "cryptocurrency". It has little in common with Bitcoins and more in common with traditional financial products.
As far as I can tell, all the technical "cryptocurrency" features are nonsense. On one hand, they claim payments can be done like any cryptocurrency, just transfer to a pseudonymous address a priori, without the recipient having ever interacted with the system.
In practice, you need to sign up with a government issued ID before you can send or receive anything.
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