News: DeFi in full mania, Australian Senate fintech report, Bank of England on Libra, Care Bears on the blockchain
HOW TO DESTROY ETHEREUM: use it for something. This cripples it every time.
Tag: stablecoin
News: Blockchain handouts, Wirecard UK, WhatsApp Pay Brazil, 10 billion tethers
It’s right there in the white paper — cryptocurrency is about government handouts.
Libra book cutting room floor: Libra as “stablecoin”; the early history of stablecoins
I wrote a short history of stablecoins for the prospective Libra book, but decided it was a bit of a digression. So I’ve posted it to the blog for your amusement instead.
News: Cooking Mama and blockchain, the Halvening and Bitcoin Cash, Simple Assurance of Future Trouble, Kraken, Craig Wright: Craigness
Markets are completely screwed, nobody knows what anything is worth, and the hard problem is keeping everyone in basic food and shelter. Nobody cares about your novelty crypto collectibles.
News: Kraken trouble in Wyoming, Reggie Fowler plea deal, Australia clamps down on crypto exchanges
And so this is Christmas — and it turns out that banking commissioners take allegations of sanctions violations seriously.
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!
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.
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.