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RE: Facebook's GlobalCoin To Charge 10 Million USD To Run A Node
I don't think they could've done anything better, obviously this payment system will only be used for a bit before people click on that it's nearly as a bad as fiat.
Free publicity.
I might make the argument that it's even worse than fiat. After all, it piggybacks off of fiat to maintain the peg and there are more ways for it to fail.
Free publicity indeed.
But blockchain is more robust to attacks and international remissions will be faster. Hence why they chose the name Global Coin (lol)