News: Libra and stablecoins and FinCEN, China still hates crypto trading, Tether
And I’m doing another Intelligence Squared on Thursday 5 December — and this one’s free!
Tag: libra
Facebook Pay does 100% of the useful bit of Libra. Why do a cryptocurrency as well? I still don’t know the answer
Yes, Facebook Pay does international remittances precisely as effectively as Libra will.
News: Libra stumbles on, Bitmex leaks customer list, Crypto Capital Corp arrest and indictment, Tether appeal, Blockchain for China, Kleiman v. Wright settlement fails, Telegram tokens delayed, UK tax for cryptos
“BITCONNECT SAID TO EXIT LIBRA CONSORTIUM FOR FEAR OF BAD PRESS”
What I’m up to this week
I’ve taken a week off work specifically to write stuff — sit down, open laptop, don’t play Angry Birds. (Well, less Angry Birds.)
News: Tether sued, ether is a commodity, proof of work is still awful, IRS releases incomprehensible guidance
If you’re going to do crimes, don’t do them on a permanent immutable public ledger of all transactions.
Facebook and Libra’s terrible, horrible, no-good, very bad week — everybody’s left, Dave
“In a way it’s liberating” — David Marcus on almost all the payment companies leaving Libra.
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.
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.
News: Bitcoin crashes despite Bakkt, Crypto Rating Council, Libra, Tether stay, Kik shuts down Messenger, Craig Wright’s apparent plagiarism, CoinDesk shakeup
Watch me debate Bitcoin as a reserve currency tomorrow!
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.