I’m skeptical of libra, but I’ve been wrong before. Fb gives free internet here in philippines, and May have some deleterious effects.

http://nymag.com/intelligencer/2018/09/how-facebooks-free-internet-helped-elect-a-dictator.html

My biggest question is how can fb create stability if other central banks can’t peg to the dollar. Will fb have the ability to take out or increase libra coins as needed or what? Basically fb becomes its own central bank/central token issuer.