There are many hype around Facebook project and launching its shitcoin whereas there are some "experts" who do mean that Libra cause the bitcoin growth? How is that possible?
What has not yet been lunch should not be referred as shitcoin in my opinion because you can tell what its market value will eventually turn to at the end of the day. But its may likely create more awareness for bitcoin and crypto currency in general and people's believe in crypto currency.
some things don't have to be launched for us to know what they really are!
in this case something that has copied the technology that bitcoin introduced but implemented it in a centralized manner, also has a closed source code and on top of that a private blockchain and to top it all it is owned by a company that is known to be the enemy of its user's privacy and abuses their personal information. don't you think their coin is the exact definition of a shitcoin?