Visa, Mastercard, Others Reconsider Involvement in Facebook's Libra Network
Libra feels to me as a step towards big companies trying to break free from governments. If they control the money supply the long term effect would most likely be that they have the control of everything.<p>I think Libra is very frightening and I hope it fails. I have nothing against decentralized systems, but centralized ones that is controlled by a few companies is very scary.<p>I cannot read the article, since it's locked but you can get the gist of it and if companies are leaving the coalition it's probably for the best.