Facebook’s Libra has changed. Having been roundly criticized after its unveiling in June 2019, it has now updated its white paper in a bid to placate regulators and governments.
Most notably, the new look Libra gets rid of any intention to move to a permissionless ledger. It also introduces a range of stablecoins pegged to single national fiat currencies, in addition to the multi-pegged Libra stablecoin itself...
https://cryptonews.com/exclusives/facebook-s-libra-has-changed-but-it-still-might-be-a-win-for-6394.htm
The most important points discussed imo are:
KYC
multi-pegged single stablecoin –> lots of single-peg stablecoins = digital dollar/euro/sterling...
permissionless, open system —> private, permissioned database
Personally I think Libra will attract more people to cryptocurrencies, it will be a serious competitor to stablecoins and may destroy it but for Bitcoin it may affect it a little in the first months but I think the number of adopter will increase once they start discovering the crypto world!
