> There's nothing holding them to this promise. There may be, the exact terms aren't clear yet. Of course the terms might just say "you have no rights whatsoev

> There's nothing holding them to this promise. There may be, the exact terms aren't clear yet. Of course the terms might just say "you have no rights whatsoever". The market will price those terms in. > It may well be the same situation as tether (or worse). I don't think that's a good argument against Libra. Tether is still trading around 1.00$, despite its reserves being at best 74%. The market is pricing the risk of ending up as bagholder as next to nothing. Nobody is arguing that holding large amounts of Libra as a "store of value" is a wise thing to do. Neither is storing large amounts of cash under your bed.