RE: The Idea Of Alternative Currency Is Spreading
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I think this is what people fail to understand, they think decentralised coin is the danger to fiat currency or the USD and others. Truth is, this keeps crypto a little bit in the deep without the needed exposure or traction it should have. I don't know what happened with Libra but then I'm glad it wasn't as successful as it might have turned out. Facebook already is a huge entity, controls people lives and data. Imagine if it Libra sets it successfully.
We need the Audience, imagine BTC having the global audience Facebook has
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Facebook got some blowback and many of the initial companies who signed up as block validators pulled out.
I figure the project will be going forward. We need to keep attacking Facebook and chipping away all that we can.
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It might have been a force to reckon with had the initial companies who signed up as block validators stayed in. Oh my!
The challenge is many who signed on, such as Visa and Mastercard, have businesses that rely heavily on the present financial system and did not want to risk blowback from the regulators if they participated in the Libra project.
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