Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fillippone]

Libra whitepaper:

https://libra.org/en-US/white-paper/

DAMN! beaten again! I rushed this time!

So libra will use investor and user funds to buy low risk assets like securities and debts.

Interest from above will pay investor dividends and ongoing expenses.

They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.

I would pump and dump the shit out of it if it wasn't 1:1 with USD

it is not pegged 1:1 with USD, but with a not better specified basked of currencies. As it is intended to be a global payment processor Libra (the currency) will be pegged to various securities chosen to minimise volatility and reflect users adoption (i guess bigger EUR weight on reserves if more users are buying Libra vs EUR etc...).
But in the end yes, a stable coin not subject to pump and dumps.

[gentlemand]

Our dear friend and cheerleader Izabella Kaminska is not impressed - https://ftalphaville.ft.com/2019/06/18/1560848464000/Alphaville-s-Libra-cheat-sheet/

[machasm]

At what point are the general public going to wake up and realise that any “crypto” based on a centralised system is no better than the current FIAT system?
Sheesh.
Oh well, at least it is raising awareness of crypto in general I guess.
But with so many “solutions” in place I fear that they may not be able to see the wood from trees.

[Last of the V8s]

^^ https://archive.is/YIu9J
archive of izzy's post https://ftalphaville.ft.com/2019/06/18/1560848464000/Alphaville-s-Libra-cheat-sheet/

https://www.thecourier.co.uk/news/uk-world/917090/everything-you-need-to-know-about-facebooks-cryptocurrency/
Dundee Courier spreads the news

it's all over my news feed thinger - never seen one story dominate like this


this is good news for Bitcoin.

[fillippone]

At what point are the general public going to wake up and realise that any “crypto” based on a centralised system is no better than the current FIAT system?
Sheesh.
Oh well, at least it is raising awareness of crypto in general I guess.
But with so many “solutions” in place I fear that they may not be able to see the wood from trees.

I like the idea FIAT money has competition.
Comeptition pushes markets to the better.
If bitcoin fails because FIAT money get ultimately fixed,well, I have no problem with that

Mind: blown.
Only way Governments have the possibility to beat Bitcoin is getting their FIAT money ass good as Bitcoin, not banning it, there , they are only making the case to use Bitcon better.

So, this is what i like Libra: at the end we(money system users) win.

[LFC_Bitcoin]

Facebook coin is probably a good thing for bitcoin, it’ll make average joe more aware of cryptocurrency in general & possibly give him the shove he needs to pile into bitcoin.

I certainly don’t see Facebook coin as a bad thing for us.

They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.

I would pump and dump the shit out of it if it wasn't 1:1 with USD

This was my first thought when I saw they were bringing out their own coin.

[bitserve]

I am somewhat neutral (leaning on positive) about Facebook coin. I see pros and cons. Anyway, it was a natural thing to exist and good or bad Bitcoin will have to cope with it. We will see.

Exciting times are coming to crypto along the next few years.

P.S.: I am eager to see how facebook solves the "tax issue"... I mean, even just buying one single facecoin and using it to buy something would be a taxable event and most countries do NOT have any amount exempt. Of course I do not expect anyone to fill taxes on that just for a few tens of $ but it will be interesting if/when facebook claims to have millions of users of their coin and almost no one filling tax reports on it.

Which reminds me that if this crypto thingie continues adoption it is tax agencies which will have to adapt to the new paradigm and not the other way. We will see.

[Syke]

ROFL that's brilliant

lol, it keeps going.

https://twitter.com/Cryptolete1/status/1139725294657556480

[Heater]

Interesting discussion on the Libra shitcoin announcement over at HN:

https://news.ycombinator.com/item?id=20210976

   
baby 30 minutes ago:

I'm biased as I'm working on this project. But I'm super happy it's finally out there There's a lot of really cool cryptography and tech on this project and there's still a lot for people to discover!

reply:

mw 24 minutes ago:

There's a lot of interesting physics in building thermonuclear weapons. Doesn't mean you should do it.
Your talents could be used to help the world. Instead, they are being used to enclose common spaces and pull apart the fabric of society. Get a better job?

Ouch!


(Edit the main thread is here: https://news.ycombinator.com/item?id=20210791)

[gentlemand]

I am somewhat neutral (leaning on positive) about Facebook coin. I see pros and cons. Anyway, it was a natural thing to exist and good or bad Bitcoin will have to cope with it. We will see.

Exciting times are coming to crypto along the next few years.

P.S.: I am eager to see how facebook solves the "tax issue"... I mean, even just buying one single facecoin and using it to buy something would be a taxable event and most countries do NOT have any amount exempt. Of course I do not expect anyone to fill taxes on that just for a few tens of $ but it will be interesting if/when facebook claims to have millions of users of their coin and almost no one filling tax reports on it.

Which reminds me that if this crypto thingie continues adoption it is tax agencies which will have to adapt to the new paradigm and not the other way. We will see.

It feels a little like the original vision for Paypal which was pretty darned far out. Then real life got its claws in and it was brought to Earth, and to heel.

Facebook and friends obviously have far more clout than the original Paypal crew but it's telling there are no proper financial institutions involved.

[bitserve]

Nothing. In fact I do despise Islam.

I despise all major monotheistic religions with the exception of Pastafarianism. Islam is just doing what Christianity was doing a few centuries ago: mass "conversions" and suppression of internal dissent. As for Hebraism, they didn't get a chance for several reasons. They basically got the wrong end of the stick and never had an army until the 20th century.

I don't despise all or at least not to the same degree. My level of despise is mainly based on the level of radicalism their followers show. All, or most, religions have a reason to exist in its origin but when someone takes some "words" or "guides" to an extreme because of "god's word" then deep shit happens.

Islamist (most) are a clear example of taking it too far... but of course they are not the only ones and there are extremist in EVERY religion even if at a different ratio.

Also polytehists religions are not free from radicalism/extremism, like at all.

[redsn0w]

https://twitter.com/Pangu_exe/status/1140923233576849411

[Globb0]

Oh it’s proof that the UK is going to the hounds. I took the photo in Trafalgar Square a couple hours ago.  It’s two green men holding hands. Even the pope would be upset.

OK, I have to admit that is one of the moist RETARDED things I have ever seen.

The solitary “green man”, who has been featured on UK traffic lights since 1969, has now been joined by a male partner or replaced with two green women holding hands.

https://www.express.co.uk/news/uk/706789/Gay-traffic-lights-leave-pedestrians-confused-Trafalgar-Square

From the article:

Mr Smith, of Preston, Lancashire, said: “When the light went green I saw the two female symbols and I thought, ‘Oh right, so my missus can cross with my little girl but what do me and the boy do?’

“This wouldn’t work up north. If you introduced this in Preston people wouldn’t know what you were going on about. I think it’s just a London thing really.”

There are all sorts of things that don’t work up North. Most of the population, for starters.

Its most likely linked to the gay pride marches in London and showing "solidarity"

[bitserve]

Oh it’s proof that the UK is going to the hounds. I took the photo in Trafalgar Square a couple hours ago.  It’s two green men holding hands. Even the pope would be upset.

OK, I have to admit that is one of the moist RETARDED things I have ever seen.

The solitary “green man”, who has been featured on UK traffic lights since 1969, has now been joined by a male partner or replaced with two green women holding hands.

https://www.express.co.uk/news/uk/706789/Gay-traffic-lights-leave-pedestrians-confused-Trafalgar-Square

From the article:

Mr Smith, of Preston, Lancashire, said: “When the light went green I saw the two female symbols and I thought, ‘Oh right, so my missus can cross with my little girl but what do me and the boy do?’

“This wouldn’t work up north. If you introduced this in Preston people wouldn’t know what you were going on about. I think it’s just a London thing really.”

There are all sorts of things that don’t work up North. Most of the population, for starters.

Its most likely linked to the gay pride marches in London and showing "solidarity"

It's ridiculous. You can't just change official traffic signs with random shit. What's next? Ads on it? Oh... wait!

[bitserve]

If you can do something to keep realr0ach out of here then I am sure you will receive an overwhelming support. Other than that it is not such a big issue.

Read my personal text. That will explain why mr. r0ach is still allowed to be around. ¯\_(ツ)_/¯

That confirms my point: No amount of "flagging" would do shit to SOLVE the real problem so it is useless and irrelevant in its current state and only serves the purpose of raising the levels of (meta) drama... for nothing.

[El duderino_]

Former UEFA president Michel Platini arrested over corruption in connection with 2022 World Cup in Qatar.

What a surprise.. 

What took so long....

If I would steal a soda they come with sirens to my doorstep, the less serious the faster they come?

[realsteelboy]

Oh it’s proof that the UK is going to the hounds. I took the photo in Trafalgar Square a couple hours ago.  It’s two green men holding hands. Even the pope would be upset.

OK, I have to admit that is one of the moist RETARDED things I have ever seen.

The solitary “green man”, who has been featured on UK traffic lights since 1969, has now been joined by a male partner or replaced with two green women holding hands.

https://www.express.co.uk/news/uk/706789/Gay-traffic-lights-leave-pedestrians-confused-Trafalgar-Square

From the article:

Mr Smith, of Preston, Lancashire, said: “When the light went green I saw the two female symbols and I thought, ‘Oh right, so my missus can cross with my little girl but what do me and the boy do?’

“This wouldn’t work up north. If you introduced this in Preston people wouldn’t know what you were going on about. I think it’s just a London thing really.”

There are all sorts of things that don’t work up North. Most of the population, for starters.

Its most likely linked to the gay pride marches in London and showing "solidarity"

It's ridiculous. You can't just change official traffic signs with random shit. What's next? Ads on it? Oh... wait!

It’s just a bit of fun surely.

Like painting the red postboxes near Olympic gold medal winners gold.

Just puts a smile on someone’s face.

[El duderino_]

Btw, good late already little after noon good morning ??

Damn had to say goodbye to the misses as she left to Vegas for 10 days ....... R0ach any lecture for me about what I should do etc, I always think of you as a wise man when it comes to the female companion mates....

[VB1001]

Let’s stop the Libra FUD

If you do decide to use Facebook’s Calibra wallet then there are no guarantees. And I wouldn’t trust Facebook with my financial data. The statement on Calibra’s website reads:

“When you authorize a payment, we share data with third parties necessary to process that transaction. We also share Calibra customer data with managed vendors and service providers — including Facebook, Inc. — that support our business (e.g., to provide technical infrastructure or direct payment processing). In both cases, we share only the Calibra customer data that is necessary for completing the defined activity or service”

https://www.theblockcrypto.com/2019/06/18/lets-stop-the-libra-fud/

Another shitcoin.

[d_eddie]

Our dear friend and cheerleader Izabella Kaminska is not impressed - https://ftalphaville.ft.com/2019/06/18/1560848464000/Alphaville-s-Libra-cheat-sheet/

+1 WOsMerit

^^ https://archive.is/YIu9J
archive of izzy's post https://ftalphaville.ft.com/2019/06/18/1560848464000/Alphaville-s-Libra-cheat-sheet/

https://www.thecourier.co.uk/news/uk-world/917090/everything-you-need-to-know-about-facebooks-cryptocurrency/
Dundee Courier spreads the news

it's all over my news feed thinger - never seen one story dominate like this


this is good news for Bitcoin.

Thank you, V8! I was going to ask gentlemand for an unwalled link, but you beat me to it.

+1 WOsMerit