Nothing makes sense about Libra. You're shifting control of a decentralized currency to the power of technocrats. You've literally swapped one evil for another. China is trying to do it because if you control the blockchain, and build in enough bugs, you create a permanent transaction record for every single citizen who uses your stuff. In fact, by knowing the blockchain addresses of a dissident you can effectively shut off their ability to function in the economy with a button click. The problem gets worse when you realize the transaction history would be historically permanent. Imagine you like expensive whisky and a teetotaler gets into office. They instantly look up the transaction history of everyone who bought whisky and ban you from the market. How about a previous smoker? Insurance companies mine the blockchain for ex-smokers and charge them exorbitant rates, effectively cutting off there ability to receive even a simple check up. A trackable blockchain is frightening. This makes it no better than a debit card, and some form of "crypto cash" will be necessary to circumvent this. Tumbling really doesn't solve the problem long term. Bitcoin was more of an intellectual project than an actual solution. There will be more coins, and eventually one of them will do it right. Obviously this will take longer than average because you don't have high profile economists working on the problem (governments really, really don't like cryptocurrencies).
BFX is a good platform and still a better operator in the space. However due to their closeness with Tether, their hands aren't clean as opposed to say Gemini.
Real assets? You mean pieces of paper with a number on it? Or a number saved in a bank's database? LOL. Halloween's over you can take off the Joker costume.
My DCA is/was <$300. That was my largest add, however. A buddy of mine from ET got me interested. Old threads on here as well when it was trading $12. I didn't buy any under $80, however.
I don't see a solution.... no matter how you cut it... the currency either starts with proxy of the USD, in that case the 'evil' still is the same.... or it doesn't start as a proxy.. e.g. bitcoin... then you have the problem I stated before - the early adopters paid pennies... late comers paying $1000s. agreed on the China thing..
backed by a basket of international currencies... so it has digital capability, but does not change the wealth distribution as is. look at bitcoin... early adopters paid pennies... remember tha pizza lol.... late comers paying thousands of dollars.
" ... a number saved in a bank's database?" Yeah ... you mean ... Like Crypto-currencies? Oh wait! That's right ... Crypto-currencies are NOT in a regulated Bank or Regulated Exchange database ... with layered counter-parties who have to pony up to prove they can play in the game! THATS right! It's in some jerk-offs database, that he's running in his basement ... steals all of what one's THOUGHT they had (and that con has been played about 3,000 times, and as the OP points out ... has done so .... AGAIN) and since he calls it "RIPTO-CURRENCY EXCHANGE" ... morons line up saying: I have my Con-Coin-Crypto at an "Exchange"!! As I have said a million times. Crypto-Currencies solve problems, that I do not have. I already have mutiple Digitial Currencies I can use. USD's, CAD's, EURO's, Yen, Swissy, etc.
Oh you do so admit cash/currencies these days are in fact not real physical assets but a number in a database. So you contradict yourself and backtrack. So let's say I have crypto on the main chain and not on an exchange, tell us on whose database does the main chain run on? Careful! Don't think too hard! Your brain has a double digit limit!