Everyone has read and heard about Facebook coming up with LIBRA.
There is even an "official post" from Steemit inc in the form of a video from 
Now everyone is looking at this whole setup as an affront to cryptocurrencies as a whole because it is not one.
But I guess in the end they will either have to become one or shut it down. The whole idea of a coorporate world currency is the biggest nightmare of governments and regulators. Its almost as bad as a decentralised immutable currency like bitcoin.
Why?
Both take away the power of the government to print money. We already see the the reaction of France and J Powell from the FED among others.
Now the big thing the governments have is still physical force and judges.
So if all the 3 letter agencies decide that facebook cannot have their currency then Zuckerberg and co have 2 options.
which one of these do they think they will choose? They know they cannot win in a fight with the government because the government cheats. So they will have to make it so that they might found a crypto, just like steemit inc but they cannot shut it down, just like steemit inc.
If the government starts shutting down the witnesses in the US they will either move or another will take its place to continue to validate the network. If they buy the network so to speak we will just fork it and continue as before.
That is the only way that Facebook and Libra can win.
I guess that is why they have set up this foundation in Geneva and have stated that they are aiming for decentralisation. Because they already know they will have to. You can say a lot about these "big evil corporations" but you cannot say they are stupid.
So in the end the governments will regulate the Libra more into the direction of crypto just because they are who they are.
Do you agree or am I wrong here?
