I laid out my theory on Facebook and Libra on the orange site, for the ritual great downvoting. I think it's fundamentally about the weird situation of having an autocrat in charge of a $500B company. When Pharaoh develops a hobby, the Empire must follow. https://news.ycombinator.com/item?id=20320516 …
I argue vanity project because of Facebook's unique ownership structure. Zuckerberg has absolute power with no way to take it from him.
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I guess I just see it as trying to beat the Singaporeans to developing markets: https://web.archive.org/web/20190129113314/https://gcox.com/about …
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It's not like Libra exists in a vacuumhttps://twitter.com/HarperMitchell/status/1147465924750053376?s=19 …
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