Tag:facebook

Libra before Libra — the rise and fall of Facebook Credits

Libra wasn’t Facebook’s first foray into payment systems. A decade ago, it set up Facebook Credits — to cash in on pay-to-win games.
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News: EOS settles with SEC, PayPal dumps Libra, digitised gold, Coinbase triples fees, Bitcoin Foundation is dead

PayPal “remains supportive of Libra’s mission” — so that’s nice.
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News: Bitcoin crashes despite Bakkt, Crypto Research Council, Libra, Tether stay, Kik shuts down Messenger, Craig Wright’s apparent plagiarism, CoinDesk shakeup

Watch me debate Bitcoin as a reserve currency tomorrow!
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News: Kleiman and Wright settling, Libra, Tether, Initial Sucker Offerings, enterprise “blockchains” as back-end datastores, Marshall Islands, Telegram TON software

Crypto in general is a complicated machine to funnel decreasing supplies of actual-money from retail suckers to about twenty guys.
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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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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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