
Libra Shrugged — Chapter 6: Banking the unbanked
A book excerpt! Cryptocurrency promoters never detail how they’re actually going to “bank the unbanked.” What would they need to do?
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
A book excerpt! Cryptocurrency promoters never detail how they’re actually going to “bank the unbanked.” What would they need to do?
You may be on Facebook lots — but would you trust Facebook with your money? For most people, the answer was “no.”
As soon as a blockchain scheme gets in front of the adults — it’s dead.
“Craig Steven Wright is a liar and a fraud. He doesn’t have the keys used to sign this message.”
Revamps are in the air, because Libra still can’t get its bad idea past the regulators — the same ones who said “LOL, what on earth, absolutely not” within hours of Libra’s initial announcement last June.
The Bitcoin white paper’s elegant simplicity only exists in a perfectly spherical monetary system in a vacuum at absolute zero.
“BITCONNECT SAID TO EXIT LIBRA CONSORTIUM FOR FEAR OF BAD PRESS”
PayPal “remains supportive of Libra’s mission” — so that’s nice.
What are some of the ways things could go bad if Libra gets huge — even given Marcus’ responses?