PayPal “remains supportive of Libra’s mission” — so that’s nice.
What are some of the ways things could go bad if Libra gets huge — even given Marcus’ responses?
“Hey everyone. Is it normal and safe to buy bitcoin by mailing envelopes full of cash to someone? Let me know.”
Perhaps iFinex can argue that two plus two only appears to make four, when actually it makes three, or five, or six hundred and sixty-six.
I’d question even calling this a “bubble” — because there’s no evidence of an influx of retail get-rich-quick dreamers. The only visible cause is manipulation.
You can say “crypto” all you like — but if you’re dealing in actual money, you have to work to the rules of actual money.