It’s becoming clear that cryptocurrency is a real threat to major incumbents, and the reason corporations have signed on to Libra is to placate their shareholders who are asking them for a blockchain play.

The benefits of digital assets are obviously better than old-school pen and paper assets. The same arguments against the internet are being applied to blockchain, and blockchain is going to win just as the internet won.

Fiat currency inflates and is subject to the whims of government. Cryptocurrencies are managed by code. I prefer the code, and I imagine citizens of countries like Venezuela and Turkey would also prefer code over their corrupt governments.