Libra is the best way for payment middlemen and governments to combat cryptocurrency -- by creating something that looks like it and provides some convenience, but removes all of the teeth and allows them to continue to control and profit from it.

I am sort of hoping they won't figure that out. But it seems likely that eventually they will.

Maybe I should stop saying it's not a real cryptocurrency and stuff, because perhaps if they think it's real or could turn into a real cryptocurrency then many will be afraid of it and kill the project. And that could give time for Bitcoin and Ethereum scaling efforts to be deployed.

By the way, what are they all planning to do if the scaling efforts of real cryptocurrencies succeed and the dream of digital cash becomes a reality?