The Verge depicting the demise of decentralised cryptocurrency with Facebook’s entry into that realm with Libra.

theverge.com

Facebook will run every aspect of the cryptocurrency, wrote the blockchain to support it, will only allow certain people to do the “mining,” &c.

If it is successful, then cryptocurrency becomes the realm of one of the most powerful corporations on the planet (hardly “decentralisation” promoted by libertarian cryptocurrency proponents).

On the other hand, trust is a big part of cryptocurrency, and Facebook is about as trustworthy as Roger Stone.

The article describes Facebook’s new project (just released) and what it means for the cryptocurrency world.