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> strong possibility of it succeeding in the developing world and failing in the developed world It could work pretty well in the developed world, too, if tran

> strong possibility of it succeeding in the developing world and failing in the developed world It could work pretty well in the developed world, too, if transactions are instant and cheaper than credit cards or PayPal. But whether it succeeds or fails as a payment system has nothing to do with any blockchain tech, or whether they call it a cryptocurrency. This is not a competitor to Bitcoin, because it cannot be what Bitcoin is -- open, borderless, neutral, censorship-resistant, and public. Maybe it will be better at buying coffee than Bitcoin. I couldn't care less, because buying coffee isn't the purpose of Bitcoin.

dwild 7y ago
It can still be "open, borderless" though. I can't use Venmo. Even if I would like to, I simply can't. I can have a Libra wallet though and even if Visa, Mastercard, Paypal and Stripe decide that my market isn't big enough to sell me some Libra directly, I can still have that wallet and find others means to fill it. That fit both the open and borderless nature of it. I'm not saying it will be cheap, and surely filling it would require an intermediary (like in every single others cases), but at least that intermediary can be anyone that have a Libra wallet. That person could simply be someone that does wire transfer to someone that can purchase Libra, don't care, but it's now possible. Sure having them behind make it not possible to be "neutral, censorship-resistant, and public", but at the end of the day, does it matters to me that just want to pay? Nope. Would it matter to me if I want to give money to Wikileak, sure most probably, but that's not why I want it. Like you said, that's not its purpose.