Is Facebook's Libracoin bad for crypto?
That depends, what is good and what is bad?
Facebooks Libra coin and their entrance into the cryptocurrency markets has many good qualities and many bad qualities and so it depends on what you're trying to optimize for. There are thousands of cryptoassets each with their own attributes, each aiming for different uses, in different parts of the market. Facebook coin appears to be optimizing for very specific attributes and I believe this can be very good for the cryptocurrency space but it can also be very bad.
Tune in and hear my case for good and for bad and let me know what you think
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