> Some senior engineer or manager says "I want to work on blockchain projects", invents a reason to do that within Facebook, or maybe their boss really wants to

> Some senior engineer or manager says "I want to work on blockchain projects", invents a reason to do that within Facebook, or maybe their boss really wants to keep them there, and somehow they get enough buy-in to create Libra. Now they have a blockchain project. This is pretty much how it happened. A Bitcoin fan started at Facebook, started from "how do we use a blockchain here" then came up with something to use a blockchain for, and recruited some executives who thought similarly. Most of what's weird and dumb about Libra/Diem is because it was started by four bitcoiners, from bitcoin ideas. It turns out that ideas from a cryptocurrency that was started in order to evade government control don't play well in the heavily regulated environment of Other People's Money.