This would actually be a hilarious result if it ends up being true to reality. The amount of illegal stuff that happens in private facebook groups is apparently quite high and it's relatively prolific to my knowledge, of course that may just be the media overhyping what is actually going on in these private groups. If this Libracoin starts getting used by these same groups, that could very rapidly get facebook in trouble. Now all we have yet to see is how Libracoin is actually valued and how well it's backing securities do. Sounds like USDT round two if I'm being honest, and I can already see the fees to buy Libra ranging in the 2-5% as a "service charge" for facebook and co. I don't think it'll get very far, although the variety of backing securities may give us valuable experience when determining how effective a multi-backed currency can be in the future.

Maybe I'll farm some Libra just to get the extra dosh for my portfolio lol.