Quote from: nutildah on June 21, 2019, 08:48:25 AM

I was about to merit this but unfortunately you missed out on the fact that Libra is being launched as a stablecoin.

From Reuters:

Quote

Like a variety of altcoins known as stablecoins, Libra will be backed by a reserve of real-world assets, including bank deposits and short-term government securities. This should make it more stable than other cryptocurrencies.

While it won't be tied to the value of 1 USD or 1 EUR (as most stablecoins are), it will be tied to the overall value of its assets.

Sorry for mis-reading, I edited OP.

In my opinion, despite the fact the Libra is a stable coin, the biggest thing crypto world gets from Libra is from now on, crypto currency has become more popular term for people globally. In some nations, due to intentional distractions and distortions from local governments, crypto currencies called as virtual currencies, that more relating to shady and negative things. Local governements don't want their locals understand rightly about crypto currencies.
With the effects from Facebook and Libra, from now on, more billiions Facebookers understand more what are crypto currencies.

To sum up, there are two main things we get from Libra:
- More exactly understanding on crypto currency term, globally, and the wrong term - virtual currencies - will be eliminated.
- Massively effects on social media platforms.
- Facebook and Libra have run free marketting for the whole crypto currencies.