does using Facebook currency for paying your bills means if you get in trouble with Facebook (which anybody now could by posting a wrong joke
Their official site says Libra has been set up as a subsidiary of Facebook and that it has it's own privacy policy, ToS, etc so I think there is some degree of separation there (not that I'd necessarily take FB at their word when it comes to this kind of thing).
That would really be tested when Al Qaeda opens the account there (and why won't they?) and start using it for money transfers. Imagine the press and the political pressure.
And once they have the solution to stop Al Qaeda, the same solution also works for stopping people from donating to a politician that Facebook doesn't like.
It's still a legitimate concern. If a person or entity does something that flagrantly violates Visa's terms of service, Visa can refuse to process payments to them. If that same entity gets 86'd by 2/3rds of the Libra Alliance, they could be blocked from participating in transactions, which would make their Libra balance essentially worthless.
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Their official site says Libra has been set up as a subsidiary of Facebook and that it has it's own privacy policy, ToS, etc so I think there is some degree of separation there (not that I'd necessarily take FB at their word when it comes to this kind of thing).
That would really be tested when Al Qaeda opens the account there (and why won't they?) and start using it for money transfers. Imagine the press and the political pressure.
And once they have the solution to stop Al Qaeda, the same solution also works for stopping people from donating to a politician that Facebook doesn't like.
It's still a legitimate concern. If a person or entity does something that flagrantly violates Visa's terms of service, Visa can refuse to process payments to them. If that same entity gets 86'd by 2/3rds of the Libra Alliance, they could be blocked from participating in transactions, which would make their Libra balance essentially worthless.