Bart Smith, Susquehanna International Group head of digital assets, joins ‘Squawk Box’ to discuss how Facebook’s digital token Libra is changing the game for bitcoin.
source
Bitcoin's rise to 11,000 wasn't all due to Facebook's Libra, says Susquehanna's digital assets head
Bart Smith, Susquehanna International Group head of digital assets, joins ‘Squawk Box’ to discuss how Facebook’s digital token Libra is changing the game for bitcoin.
source
we're going down like a submarine!!!
You guys are so late, Tron is up next , learn how to trade on my Facebook page @ Crypto trading
This guy in the whit shirt sound like a fool
A store of value is something that RETAINS purchasing power
Bitcoin is not a store of value, it is too volatile
Why is this lie continuously perpetrated?
Speculative value is not equal to store of value
The main reason Bitcoin is so popular is the blind faith that it 'cannot' be compromised. The fact that China can in one hour destroy Bitcoin, is the equivalent of a nuclear bomb in Washington.
China can commandeer their top 4 mining pools and order a 51% attack.
Controlling a mining pool means you can control its hashrate. If you control more than 51% of the hashrate, you can double-spend
https://arxiv.org/pdf/1810.02466.pdf
https://bitcoinmagazine.com/articles/report-links-74-bitcoin-mining-china-sees-threat-network
http://galgitron.net/Post/How-China-Can-Kill-Bitcoin
Only 21 million people could own one Bitcoin. That's the latest sales pitch.
Only 21 million people could own 4761 XRP. And that's assuming all 100bill we're available!
Think about it.
https://xrpcommunity.blog/holycrypto/
Bitcoin mempool (unconfirmed transactioms) backing up. Now well over 40k. Train-wreck commencing
150k is going to be very interesting.
Long delays and super high fees. Bitcoin will effectively stall
It can't be resolved. The Bitcoin bubble has to burst, and we will probably take a beating (Alt Coin) , but the baby teeth have got to go
Crushing reality is going to pop the Ponzi
The Sheeple are incapable of understanding the tech. Sucker born every minute.
I cant believe people that have been in this industry for years cant see it – Its a refusal to acknowledge in public – and that makes them no different from the people they were trying to run from originally
It is simply not realistic to think that as the world slowly begins to understand and use blockchain in their everyday lives, they will choose the slower option, Bitcoin, over currencies that are faster.
https://www.blockchain.com/btc/unconfirmed-transactions
speculative investment.
“We might end up finding that bitcoin is the Napster of digital assets,”
Don't believe all this crap that Bitcoin is 'digital gold', or that it will evolve past these scaling issues. It's not like gold because gold can have low popularity and still have value. Bitcoin needs a lot of popularity to keep it secure. If it loses popularity, miners drop off, it becomes exposed to double-spend, and then sudden catastrophic failure. But they'll never tell you this, they'll just keep feeding the Bitcoin hopium to you until you OD on lambo ads.
https://youtu.be/_j3ZrS5xirw
http://galgitron.net/Post/The-Myth-of-Store-of-Value
https://youtu.be/_j3ZrS5xirw
Wanna hear something messed up. The first customer of mtGox was the Dept of homeland security and bitcoin was created by the FBI to trap online criminals to their IP addresses.
why is the first IP associated with MtGox owned by THE DEPARTMENT OF HOMELAND SECURITY? Isn’t that odd?
From the internet archive:
Jan 6, 2007
204.251.15.185
Reverse DNS: sbcp5.dhs.gov.
Reverse DNS authenticity: [Verified
The main reason Bitcoin is so popular is the blind faith that it 'cannot' be compromised. The fact that China can in one hour destroy Bitcoin, is the equivalent of a nuclear bomb in Washingtoin.
China can commandeer their top 4 mining pools and order a 51% attack.
Controlling a mining pool means you can control its hashrate. If you control more than 51% of the hashrate, you can double-spend
https://arxiv.org/pdf/1810.02466.pdf
https://bitcoinmagazine.com/articles/report-links-74-bitcoin-mining-china-sees-threat-network
http://galgitron.net/Post/How-China-Can-Kill-Bitcoin
It is simply not realistic to think that as the world slowly begins to understand and use blockchain in their everyday lives, they will choose the slower option, Bitcoin, over currencies that are faster.
Check this HUGE problem
https://www.blockchain.com/btc/unconfirmed-transactions
How could an asset be down 75%-80% if it wasn’t fundamentally broken and that just like silly.
crypto-assets are, the price movements are logarithmic meaning you get these 10 x advances. You get these 80% collapses interest, it’s just a hyper volatile asset that’s not unique to crypto, you see the same in any kind of hyperbolic speculative asset.
The fundamental difference between cryptocurrencies and equities is that there is no liquidation value in crypto, this is kind of bad. As Bitcoin falls lower in price, it is less valuable, adding that there would be less liquidity, less useful as a medium of exchange and as a store of value.
This would also lead to less security and hashpower would be tied to the price. The hash power falls gradually along with the price which would mean it is less secure network and valuable.
Elongating block times, greater risk of 51% attack, and potentially a death spiral, exaggerated risk that is very unlikely to cause the death of Bitcoin. Nonetheless, it could definitely result in 40 minute block times and rise in the transaction fees, which is fundamentally a less valuable network.
BTC you are in serious troubles. HUGE troubles
BTC is perfect for the system. They love it. The fact that every single transaction is compiled, cataloged and tracked in the blockchain "ledger.
It is perfect for the establishment.
On top of this, nearly all major international banks are ingraining blockchain tech and BTC, plus other cryptocurrencies into their business models, including globalist foundation banks like Goldman Sachs. Goldman Sachs LOVES blockchain technology; they even refer to it as the "new technology of trust." Just take a look at their rave reviews on how it will change the world.
They trick the liberty movement into helping them while letting us think we are poking them in the eye.
advancement of cryptocurrencies into mainstream consciousness has been helped expertly by the corporate media, which frankly, does not make sense if they are a real threat to the central banking monolith. As they say, when the real revolution happens, it will not be televised. Bitcoin is televised everywhere.
Bitcoin is the reason fb is getting into blockchain fb has nothing to do with bitcoins recent pump
Very bad answers. He should have said when people will hit the wall with KYC they will go for alternative and thats where Bitcoin will come in. Sure the wallet wont support Bitcoin now but people will be more open for the idea of downloading other wallets that do. Thats a game changer. Facebook makes crypto more legitimate, specially for people who do use Facebook and are afraid of crypto.
Bank the non banked… But the non banked don't have any money! I don't care about African wealth – they don't have any.
Hahahaha ! Get your terms straight.
Digital tokens are cryptocurrencies. Cryptocurrency is a superset of coins and tokens
show me the charts i'll tell you the news…. cnbc covering up the insiders front running the cftc news since April 1st???… corporate news is very untrustworthy
He sounds like an older Morty from Rick and Morty…
Bitcoins name is certainly going to come up when Mark Zuckerberg meets with congress about Libra which will be televised, this will bring even more attention to Bitcoin.
X R P
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not shit… I’d argue it had close to fuck all to do with it…
Epic rant begins here: 01:07
Zuckerbucks! Wheeere doo I sign up! lol