[eugeniub]

> considering how popular it is

Excuse me, popular with whom?

[MereInterest]

Popular with people who are looking for another pyramid scheme to invest in, perhaps.

[justapassenger]

Libra is nothing like bitcoin - it doesn't have investment potential - it's 100% backed by basket of fiat money.

[jameslevy]

It does have some potential to act as a hedge against USD. It will probably produce some small amount of capital gains (or losses) for its users.

[whoanow]

I don't think so, there is no way it would achieve mainstream adoption if there was a potential tax liability for users spending their after tax dollars.

[kardos]

So it's like Tether?

[asveikau]

Second most popular currency in Menlo Park, California.

[kache_]

Maybe it's not in use, but it's been getting a lot of press. It's on people's radar and that's valuable in and of itself.

[whoisjuan]

The only press coverage I see about Libra is how governments are not gonna let this run and a bunch of other negative remarks (possibly drawn from the fact that this is a Facebok project which is seen as am evil company by many).

I don’t understand how is that valuable? If that’s valuable then all companies with bad press would increase their valuations. Unlike the popular saying there’s actually such thing as “bad press”.