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I’m not sure it follows that people thought “Libra/Diem/Novi” would be a threat to the payments business. Personally at the time I thought having payments be at

I’m not sure it follows that people thought “Libra/Diem/Novi” would be a threat to the payments business. Personally at the time I thought having payments be at the mercy of a ruthless data monetization cartel seemed like a terrible idea, and it could be it was shut down for reasons along those lines.

matthewdgreen 4y ago
When you use the phrase “having payments be at the mercy of [Facebook]” you’re pretty much granting the premise that the project could have seen major adoption -- and that's significant given that its sole justification was to provide an alternative to legacy payments tech. If everyone thought Libra/Diem/Novi was going to crash and burn, there wouldn’t have been so much emphasis on preventing its launch (over perfectly reasonable concerns.)