Libra tries to balance the sides
Conceptually Libra is stuck between a rock and a hard place.
One one hand FB wants to claim it is not in control due to decentralisation over 18 platforms/hosts
On the other it is trying to convince the banking industry that they will follow KYC & other requirements.
No mention so far about the 1-2 billion fake accounts on FB, no mention of the security breaches either.
FB (prev known as Lifelog) was developed by the C_iA as a means to track and monitor all of our daily movements and connections.
It would seem that FB is currently in the position of taking down the global banking cartel.
How does one defeat an enemy? Simple Have the enemy turn on itself.
For those interested in Crypto, that is true crypto and the concepts of decentralisation, we should be supporting FB & libra, ramping it up and demanding it should exist & be rolled out. Because by doing so we are encouraging the enemy to destroy itself.
Time will tell
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