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Facebook's Libra Will Do For Blockchain What America Online Did for the Internet
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Blockchain has been compared to the internet in 1995 for as long as I care to remember. Well, Facebook's Libra coin represents a move toward the late 90's. The internet in 1995 was immature, the web/html was just beginning to spread, adding attractive graphics and GUI UX's to what had previous been a cluster of disjointed, mainly text based interfaces. It was still the realm of nerds and early adopter's, Mom and Dad and Grandma and Grandpa didn't care about it much even if they had heard of it. Then, something happened, AOL began putting disks in every American's mailbox. The way they were used to interacting with the rest of the world. It was easy to use and a familiar experience for anyone who could already use a Window's PC as their super fancy typewriter. People began using email, and consuming the gobs of information newly available to them. Slowly they began to discover that there was even more out there beyond the walled garden AOL presented to them, there was the internet! It was wide open, no barriers, no artificial limits, it was amazing! That is what Facebook's Libra will be for crytpo currencies, a catalyst to adoption that will introduce Facebook users in a very gentle way to crypto currencies and their potential. Then users will discover they don't need Facebook's leashes, they can operate freely without the glare of big brother's omni-present eye and eventually Facebook's network will fall into disuse the way AOL has while truly open blockchains flourish.

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5 years ago