The Good Face of Facebook’s Libra Currency

TL;DR: Despite the unprecedented fierce wave of criticism to Facebook’s new cryptocurrency Libra, I argue Libra and near future Alt-Libras will go mainstream.

I came across dozens of blogs that criticized Facebook’s new maneuver on Libra—look them up. Although the criticism is partially justified and expected, I wanted to be fair and cover the filled half of the glass. Honestly, my opinion here predated the release of Libra, and the moment I’ve read their white paper, it made a lot of sense to me given what they promise and their argument. …