I think given enough time, Libra project can succeed. But it has to jump through many hurdles. It will require a lot more investment than Facebook anticipate.

I advocate for a new type of crypto: digital native and decentralized stablecoin. By adding a constant inflation rate, coin price can become somewhat stable. The tradeoff is worthy for permissionless, digital native and decentralization. I outline the benefits of this new type of cryptocurrency in this article:

The Next Big Thing in Crypto: Using Inflation to Create Stablecoin

https://bitflate.org/post/2019/10/10/the-next-big-thing-in-c...