ChinkyEyes
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June 21, 2019, 04:12:38 PM
Merited by Phil_S (1), d_eddie (1), micgoossens (1)

So I'm thinking this libra nonsense will get heavily regulated, the states would be insane not to. And that will then be used as an excuse to regulate crypto in general, and bitcoin especially. It might be a good time to get around to moving elsewhere for those planning to do so.

Zuckerberg is not going to compete against the Federal Reserve.. only collaborate with the NSA. There isn't going to be competition against it all of a sudden. Only Bitcoin can survive in the wild doing it's own thing. A private centralized company like Facebook cannot ever issue their own money, they will use whatever US government allows.

This is another digital USD "stablecoin" thing. Nobody cares. It is either neutral or bullish for Bitcoin as it once again gives it free publicity and makes its case even more obvious for the idiots that still don't get it. Just wait for their Libra wallets to shrink every time they make the wrong political opinion on social media.

I think Libra will be the most convenient stablecoin. With a BTC/Libra pair, you can easily use your BTC trading profits to order a taxi with uber/lyft, renew your Spotify subscription or book a hotel on booking.com. There is no need to sell your BTC for usd/euro and then withdraw from exchange to your bank account which takes what? 2-3 business days?

Libra is what all those shitcoins/tokens have tried to accomplish for 2-3 years now by making a crypto card that allows you to easily spent your crypto on goods and services. If it works well and is convenient to use it will make the lives of Bitcoiners easier, if you are willing to sacrifice some of your privacy.


His chart from December is still in play. He has us hitting ~$13-14K in July.

It's going to be a great summer! Grin