[snip]
Facebook might be a healthy competition between decentralized currencies, but it should not be compared to existing cryptos like
BTC, ETH, LTC and etc, while its focusing and has large threat to banks or even central banks itself.
I dont really see to be a competition against BTC and other altcoins in the market yet this is most likely to be similar with those stable coins we have seen in the market.OP is definitely talking about Libra and we have seen how this token is being stopped or being blocked by the government or lots of critics and problems been faced yet they do saw for this project to be a threat to them.Anything that cant be controlled by the government would really be always getting different treatment.We know on how big facebook is and so as with the government.