Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.
Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?
https://elixxir.io/blog/is-libra-the-future-anyone-wants Libra is definitely not the future for cryptocurrencies that I would like to see. In general, the existence of such projects as Libra seriously undermines the very idea of creating cryptocurrencies. But unfortunately is a future that we cannot escape ...