Is Mark Zuckerberg's new cybercurrency the start of the return to feudalism?

The potential is there that he will pay staff in his currency which they can spend at his associated shops, and if you try to spend elsewhere it will need to be approved by his bank- maybe one of those banks in trouble will be bought by him in some bailout arrangement where people's homes and mortgages will be part of the purchase equation, and all you do will be at the behest of your new 'feudal lord'.

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Andy72 · M

I think you are correct.
A currency that is so potentially limited is going to be undervalued, and no doubt you will need to exchange at one the associated banks. The return is unlikely to be parity.
If it became a mainstream currency then things may improve.

Mahdkvp · 26-30, F

@Andy72 the currencies have all been undervalued through quantitative easing!

Andy72 · M

@Mahdkvp this is how the landowners used to work even after feudalism