As is plenty evident with existing cryptos, the network effect is a huge part of a cryptocurrency's success (technically speaking, bitcoin is far from the best

As is plenty evident with existing cryptos, the network effect is a huge part of a cryptocurrency's success (technically speaking, bitcoin is far from the best crypto out there, but it's the most popular because it was first and is nowadays the most well known). Facebook's huge existing network will be a massive boon for Libra, however well designed it actually is from a technical standpoint: FB has direct reach into billions of people's daily life. Good or bad, it will become a strong contender in the crypto space, unless regulators get in the way.