Seems like Zuck has a blunder

Receiving Wide Coverage ...

Ante up

Facebook has signed up more than a dozen companies, including Visa, Mastercard and PayPal, each of which is putting up around $10 million to back the company’s new digital currency, which is expected to be unveiled next week. “The money would be used to fund the creation of the coin, which will be pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies.

A basket of currencies is what bitcoin does, and baskets of currencies are not less volatile.

 

Try adding a S/L trading pit to the net.   Then, instead of a basket of currencies, add the transaction router between ledgers.

In other words, listen to me, not Zuck, he is still figuring  this out.