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RE: The Countdown Is On: Steem Has One Year
Libra will not have any of the aspects of a crypto currency that matter. It will be entirely centrally held by Facebook. I'm not even sure why they feel the need to introduce a crypto currency except for buzzword compliance. They could centrally manage their own currency without using a blockchain.
I'm not completely sure about that.
If that is the case, it means that Facebook thinks buzzworld compliance is a good thing in this case. What that means is that Libra will be a good thing for the crypto sector as it will legitimize it in the eyes of the masses.
Yes, if it really is centralized. But then again STEEM is centralized, too. Steemit Inc still owns over 50% of the stake. In theory, our witnesses are their puppets.