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Facebook: Meet "Libra" and "Calibra" - Now Diem and Novi ...

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  1. #11

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    Quote Originally Posted by shri:
    If their tax departments and lawyers allow it.

    No one "has to" do anything.
    Nope, but many already do accept cryptocurrencies

    https://99bitcoins.com/bitcoin/who-accepts/

  2. #12
    Quote Originally Posted by East_coast:
    Nope, but many already do accept cryptocurrencies
    Not if you ask Rubini - about 20 minutes in - he gets quite agitated.

    https://www.youtube.com/watch?v=NtLkVgzI_RY

    No goods or services are priced in bit coin or any other shit coin

    it's not a store of value

    it's not a means of payment

    you trade one shit coin for another shit coin
    East_coast, GeoTommy and mrgoodkat like this.

  3. #13

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    No goods or services are priced in bit coin or any other shit coin

    it's not a store of value
    Bezos needs to troll him and rename Amazon Gift certificates to "AmazCoins". Backed not by real money, but by inventory in their warehouses.

  4. #14
    Quote Originally Posted by East_coast:
    Nope, but many already do accept cryptocurrencies

    https://99bitcoins.com/bitcoin/who-accepts/
    If that's the full list of companies accepting bitcoin then the correct description is "insignificantly few" rather than "many." Further, I've never heard of most of them and there are only two with which I have transacted business in the last few years.
    East_coast likes this.

  5. #15

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    Quote Originally Posted by traineeinvestor:
    If that's the full list of companies accepting bitcoin then the correct description is "insignificantly few" rather than "many." Further, I've never heard of most of them and there are only two with which I have transacted business in the last few years.
    Bitcoin has never gained traction as a small value transactional currency and I doubt it ever will without a Tecent or Apple guiding development and distribution of POS apps.

    https://coinmap.org/#/world/16.80454108/-6.67968750/2

    Cryptocurrencies have the potential for a secure Store of Value
    Apps backed by social media giants are successful as a Medium of Exchange (WePay, Alipay)

    Can Facebook combine these two on a global scale? That is the question
    Coolboy likes this.

  6. #16

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    Bitcoin is the next bubble ready to burst. The trick is to make the money before it does -


  7. #17

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    Facebook responds to “Why was Rust chosen for Libra?” in congressional hearing
    Such a technical question coming from a US Congressman. The rest of the representatives in the room must be so confused.

    This is the guy, previously in the Air Force and NSA:

    https://en.wikipedia.org/wiki/Denver_Riggleman

  8. #18

    Regulators mount up!

    https://www.ft.com/content/05be7adc-c4c1-11e9-a8e9-296ca66511c9


    Two of the project’s founding backers told the FT they were concerned about the regulatory spotlight and were considering cutting ties. Another backer said they were worried about publicly supporting Libra for fear of attracting the attention of agencies who oversee their own businesses.

  9. #19

  10. #20

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    And Temasek is in... I think India's Reliance Group should also be in the consortium given Facebook's recent investment.

    https://twitter.com/mjruehl/status/1261256218531688448