| To me, the biggest roadblock to success is the number of corporate stakeholders. For this to succeed, the advantages of having that many stakeholders (big budget, large audience) must outweigh the disadvantages (two-dozen different and often conflicting opinions). I've never seen a large number of corporations collaborate successfully. A strategic partnership between two companies is hard enough. Two dozen? Good luck. Especially when some of the partners have a vested interest in this failing. (Visa, Mastercard, Paypal, Stripe.) My bet is on existing crypto-currencies solving this problem becuse they can focus on a solution without being constrained by corporate interests. If Libra launches, I predict the following: 1. It will be very, very delayed.
2. Facebook will take sole ownership and shed all the corporate partners.
3. At that point, they will give up on crypto and just build (or buy) a plain old peer-to-peer payment system. Alternative 3: They will piggy back on an existing crypto currency. |