CNBCのインスタグラム(cnbc) - 7月11日 21時33分

Federal Reserve Chairman Jerome Powell just poured cold water on Facebook’s plans to launch a cryptocurrency.⁠
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Powell said that he held “serious concerns” about Facebook’s planned digital currency, and also called for a halt to the project until regulators’ questions about Libra are addressed. The Fed has set up a working group aimed at examining Libra, he added.⁠
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Bitcoin was sliding on the news — it fell 12% to about $11,450 on Thursday, according to CoinDesk data.⁠
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Bitcoin is still up about 200% since the start of the year, buoyed by activity from big companies in the crypto space.⁠
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jc101224 @wk_advisory real money? Fiat is an illusion, it’s not backed by anything aside from “trust” in a government and historically nations collapse, so it’s not hard money. Fiat gets printed as you’ve seen, this is why the purchasing power of the dollar continues to go down. BTC is a hard asset because it’s set at 21M BTC. Libra is somewhat useless because it’s not any better than Venmo. libra has to abide by government regulations and we continue to see government tantrums where if a government says u can’t conduct business (sanctions), then Libra has to listen to them. So if u bank with Libra but a country gets sanction, u lose whatever u had in there. This is why BTC is hard money, because no government or company can take it or tell you can’t transact with another individual. But hey, GL in trusting FB. Cuz we’ve seen how they’re “not watching ur data” but they really are because it has to abide by regulations ??‍♂️

wk_advisory @jc101224 I disagree. I think Facebook's plan with Libra is create a digital currency that will include everyone both the banked and the unbanked in several countries around the world. Facebook won't be running the platform for this digital currency. Libra platform will be run by a non profit organization, the Libra Organization, so Facebook will not even have access to customers data of the customers that use libra. Also libra will be backed by real money while bitcoin isn't.

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british_mod why doesn't the insider slimebag go after most of the American big banks instead? I would trust Facebook who is far more transparent than any of the banks after all the congressional committee meetings, I have yet to see them investigate the banks so vigorously.

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jc101224 @wk_advisory also when u say BTC isn’t backed by anything.. neither is gold or silver.. it’s only backed by a market of buyers and sellers.. so is BTC so DYOR

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