> That's just part of the bootstrapping process, to avoid volatility in the short-term.
How would you stop pegging libra to a currency without destroying or distorting enormous values of libra that existing owners have and therefore permanently destroying trust in libra? I don't see any real substance to this sort of vague cynical claim that "they're just biding their time".
> And how do you suggest they'll do that?
By applying the same transaction reporting laws to libra (which have equivalent currency value) that already apply to bank-to-bank transactions. The key validators in libra transactions are legal corporations unambiguously within government jurisdiction.
For the time being. That's just part of the bootstrapping process, to avoid volatility in the short-term.
> Governments can still regulate transactions that cross borders
And how do you suggest they'll do that?