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France Took One Look at Facebook's Cryptocurrency and Said, 'Hell, Non'

vice.com

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Re: France Took One Look at Facebook's Cryptocurrency and Said, 'Hell, Non'

#2
The concerns about Libra mentioned in this article don't seem like big ones to me.

during times of economic crisis, citizens may abandon national currencies in favor of Libra

But Libra's value is defined by a peg to a basket of national currencies. It's half dollars. Realistically, any country having trouble with their citizens abandoning their currency for Libra is going to have more trouble with their citizens abandoning their currency for dollars.

Watchdogs are particularly concerned about Libra’s possible use by criminals to launder money and finance terrorism.

Isn't Bitcoin going to be a lot better for this? Libra is going to be a lot more controllable by the government than Bitcoin.

I am not planning on acquiring any Libra, but it seems like it could be useful to some people. Basically if you want "Venmo but on Facebook", it could be possible that Libra would offer you a lower-fee way to do it.