small words, but if that is the case, then would/could Libra replace Bitcoin as a store of value coin also?
In real life, with Gold, there is nothing can replace gold, for thousands of years. In digital assets, there is nothing can replace Bitcoin, that is a King and a backbone of crypto currency ecosystem. Libra, is a stable coin, so its price does not change too much, like what we saw with Tether USD, or USD coin (nearly unchanged), but Libra holders might have passive rewards that paid via Libra (I guess so). Therefore, investors can get small profits from Libra, not too much, in my opinion. Therefore, to maximize profits from investments, I don't choose Libra.
I certainly hope you are correct. I just can't help that the powers that be (centralized entities like facebook, banks, gov't, etc) are just letting Bitcoin off 'too easy'.
I suspect that if/when Libra, the facebook coin, is allowed, after jumping through a lot of 'regulatory hoops' in the United States and other countries.
The 'other shoe' will fall.
I just can't see them letting go of replacing Bitcoin at some point in the future as an attempt. It is too tempting to just tweak their Libra protocol and allow staking or something
else to go for it. There is no downside that I can see for them to add such to the protocol to try. Worst that would happen if they fail, with the status quo just staying with
Bitcoin. But that is my prediction, once Libra gets its 'feet under itself' and launches, they will make a run, in some manner, I'm not sure how to replace Bitcoin as also a store
of value coin. I just can't see them letting that go, even if it is a down the road 'hail mary' pass like in American Football. Might be low odds, but if they could pull it off they would
be golden.
Brad