So to summarize, the Facebook plan might look like this: (IANAL, so please correct me)
- Create a global currency that can only be used by FB users and through FB apps.
- Invest a billion in pegging the currency to make it stable and position it as the unchallenged WorldMoney™, but it will eventually carry its own weight in the long term.
- Collect direct purchase information like crazy, their ultimate wet dream (I know GDPR is not circumvented by the taxes thing, but it's as simple as asking "Can I track your purchases?" and people will simply say yes.)
- Implement this scheme as a blockchain to dodge antitrust laws (or whatever applies when you become a worldwide financial entity) by distributing the operation/management/governance among interested parties.
- Even receive some millions from said companies to hold that power in the first place.
- Still hold the real power over the implementation at the end of the day, but not the accountability.
- Dodge taxes like crazy wherever you can, charge fees whenever you want, etc.
- Make users comply to whatever conditions you want because at some point it will become mandatory to have a FB account.
Am I missing something?
EDIT: - Pay their employees and finance their worldwide operation with monopoly money.
- Create a global currency that can only be used by FB users and through FB apps.
- Invest a billion in pegging the currency to make it stable and position it as the unchallenged WorldMoney™, but it will eventually carry its own weight in the long term.
- Collect direct purchase information like crazy, their ultimate wet dream (I know GDPR is not circumvented by the taxes thing, but it's as simple as asking "Can I track your purchases?" and people will simply say yes.)
- Implement this scheme as a blockchain to dodge antitrust laws (or whatever applies when you become a worldwide financial entity) by distributing the operation/management/governance among interested parties.
- Even receive some millions from said companies to hold that power in the first place.
- Still hold the real power over the implementation at the end of the day, but not the accountability.
- Dodge taxes like crazy wherever you can, charge fees whenever you want, etc.
- Make users comply to whatever conditions you want because at some point it will become mandatory to have a FB account.
Am I missing something?
EDIT: - Pay their employees and finance their worldwide operation with monopoly money.