Agree with you with the necessity of diversification.
The issue is not Facebook issuing its own crypto but rather the potential control we let it take over.
I believe that the same reason related to control that an entity can people on people (combined with the new technology) helped to originate bitcoin.
The need to ensure no one ( including governments) deciding people's life by manipulating own belongings (by tax or rates manipulation).
That's a the same anarcho- libertarian logic approach here. Anyone should be able to decide whether or not putting your eggs in the same basket.
By your logic, banning it through regulation decreases options and hence diversification.
Governments are not angels which seems to be an assumption in your and sibling replies. They're a bully who doesn't want someone else to get power.
I'm not being extreme, humor me. If the govt didn't want a monopoly, isn't it a hypocrisy that they themselves are one?
The proper thing to would've been to get closer to anarcho-capitalism, ie let there be govt currency and FB's libra. Let people decide what they want to use.
You speak as though corporations and democratic governments are the same thing. The government is (at least notionally) the will of the people. A corporation is unaccountable to anyone but it’s shareholders. It is folly to treat EU legislators the same as Zuck et al.
