What’s more, [Facebook] targeting people in developing nations [for its digital scrip, Libra] sounds noble and could be genuinely useful, but it also smacks of neocolonialism. What happens if this currency fails to gain adequate traction? What happens if it succeeds in gaining traction, and now small, local economies in developing nations are dependent on venture capital firms and credit card companies in the United States for their functional base of trade?
I get the eagerness to disrupt something as big as the global financial system. But you don’t have to trust the system to worry about a small consortium of mostly-American companies inventing a private and poorly regulated psuedo-currency.
Nick Heer on company worlds.
So in my Space Demons book (that I’ll totally get around to posting soon I swear), one of the little bits of side-fluff is that every galactic megacorp has its own “in-game currency”, i.e. a digital token that’s used on its worlds, and… well.
(Also, for those of you paying historic attention, what Facebook is proposing is essentially just a digital version of a company script, which is nothing new…)