Facebook's Libra cryptocurrency loses backing from PayPal
  • watching governments/traditional financial entities freak out at the thought of a SERIOUS competitor to their monopoly on financial transactions has been amusing.

    they know the significant costs, and legal roadblocks, they erect around transmitting value are completely artificial. facebook has taken on some serious enemies with this project, and is about to find out first-hand the power nation-states wield, and what happens whenever their control is challenged.
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