Quote from: freedomgo on July 01, 2019, 10:59:21 PM

Once people will understand more about the project, they will realize it will not become a threat but instead a hep to help bitcoin and the entire market crypto. We just think that Libra is adding value to the market, the problem with some people are just so dumb enough to make easy conclusion even without researching first on what Libra can bring to the market, they think anything that would come would be a threat.

Libra cannot be considered a threat to Bitcoin and crypto, since it's centralized in every way. It's not even comparable towards traditional cryptocurrencies, since there's no censorship-resistance or immutability. Facebook will be considered the sole owner of Libra's blockchain ledger. This means, that it can do whatever it desires among people's transactions in a similar fashion as a traditional Bank.

Despite the facts, if Facebook's Libra cryptocurrency proves to become successful in the future, then it would bring a huge boost towards Blockchain adoption within the mainstream world. Libra won't be able to stand a chance against existent decentralized cryptos like Bitcoin and Ethereum, but it'll complement them in every way. This will bring some level of exposure towards people worldwide, allowing them to make better use of crypto and Blockchain technology.

Nonetheless, the existence of Facebook's cryptocurrency will be highly controversial as Banks and governments worldwide become threats of the same. They will not allow an alternative digital currency to take over Fiat anytime soon. Hence, Libra could just be an experimental ground for the world's upcoming global digital Fiat currency within the not-so-distant future. Just my thoughts Grin