Hacker News new | ask | show | jobs
by justapassenger 2443 days ago
Libra is nothing like bitcoin - it doesn't have investment potential - it's 100% backed by basket of fiat money.
2 comments

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.
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.
So it's like Tether?