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 There's been a lot of speculations about Libra Coin on what and what not it can do to the industry, I'm not a big fan of those Facebook projects, there's a lot of advantages and disadvantages on their project, but we need to see first what will weigh the advantages or disadvantages and we will only know this after Libra Coin launch.
- If we were early bitcoin users, libra really could not create us too much excitement and admiration because except for the advantage of strong media, advertising and assurance, most of the features in libra are quite detrimental when the government can interfere with investors. However, one issue we cannot deny is that the media coverage of libra is too good, it also contributes to polishing the name of bitcoin in the market, so whether we like it or not, libra needs to appear and become our future to increase the growth of this market.