David Gerard

David Marcus responds to nations’ concerns about Facebook’s Libra — with shallow platitudes

What are some of the ways things could go bad if Libra gets huge — even given Marcus’ responses?
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Andreas Hedqvist: Libra Path to Approval — a quick overview for crypto believers

One for crypto fans, but surprisingly good for a Kindle Unlimited quickie.
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Chris Burniske, Jack Tatar: Cryptoassets — telling retirees to buy into the Bitcoin bubble in October 2017

Burniske and Tatar published this book in the throes of a manic asset bubble, explicitly encouraging naive retail investors — retirees — to throw their savings into the bubble. Let’s see how it’s aged.
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France shuns Facebook’s Libra. How was Libra stupid enough to end up here?

When you take dumb ideas, but you put some serious real-world power behind them … they’re still dumb ideas.
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Switzerland’s guidance on stablecoins — what it means for Facebook’s Libra

FINMA published their guidance on stablecoins today — answering a request from Libra, but covering the stablecoin area more broadly.
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Your questions about Facebook Libra — as best as we can answer them as yet

I asked some crypto contacts what questions normal people have been asking them about Facebook’s whacky crypto-Bitcoiny thing — and any questions they had themselves.
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News: Tether clogs Ethereum, Quadriga venue move, KodakOne sends copyright-trolling email, Telegram TON proceeding, no official Chinese stablecoin, Lightning in decline, don’t be your own bank

Ethereum is the World Computer! As long as you don’t try to use it for any sort of real application.
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Wright loses big to Kleiman — judge rules Kleiman estate owns half the Satoshi stash

“Dr. Wright’s story not only was not supported by other evidence in the record, it defies common sense and real-life experience.”
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News: Craig Wright loses big to Kleiman, tokens from SAFTs are securities, Patrick Byrne, IOTA again

BITCOIN IS IMMUNE TO GOVERNMENT CONFISCATION! Except if you’re in real life.
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New York v. Bitfinex — “Fundamentally, Respondents misperceive the respective roles of the Attorney General and the Court.”

“Respondents’ contention that this proceeding should be dismissed because Petitioner failed to properly serve the April 24 Order is meritless.” This correctly translates as “don’t waste my time.”
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