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David Marcus Testifies That Libra Will Not Offer Banking Services

All shitcoiners be so pissed rn buhahaha.. from CryptoCurrency

Meltem Demirors Weighs in on ‘Shitcoin’ vs. Bitcoin – for Congress

https://cointelegraph.com/news/key-comments-from-libra-hearing-at-us-house-of-representatives

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46 COMMENTS

  1. Exciting times indeed..but I need a bigger portion before I wish for the moon..if BTC mooned now I would be disappointed…I wanna 10x my position at least. I don't wanna be wealthy..I wanna be a WHALE

  2. I have a question for you Austin …. would like to have a currency that allows simple errors to result in massive financial loses, that allows fraudsters to keep hold of their illegal gains, that contributes to global warming, that is difficult to use, that doesn't allow stolen funds to be returned to victims … would you like to have a currency like this? I would like to hear your views on this.

  3. The most successful coins will be the most decentralized, otherwise there's no point you may as well stick with Fiat. Facebook coin is a shitcoin. Also important is; security, scalability, TPS, no fees etc. and on that front IOTA is on the road to absolutely killing it. If it all comes to fruition, I predict it being among the top three coins in years to come. Also Etherium when they introduce sharding later this year.

  4. I enjoy hearing your perspective, but you should maybe change your channel to Bitcoin daily lol. Honestly I don’t foresee the top coins going away rt along w/ BTC. I look forward to the day “shitcoin” values ultimately control their own value vs mimicking BTC…..Time will tell

  5. Bitcoin seems to have come out glowing compared to Libra! The amount of attention on Bitcoin atm is so good! Doesn't Bakkt launch July 22? bring on the rest of the year!

  6. Yep! It was a good hearing. Didn’t hear them mention the effects of the mining reward halvings though.

    Bitcoin and Łitecoin reward halving ‘supply shock’ coming down the track..?..?

  7. Melbourne Australia thinks your daily crypto updates are awesome. Keep up the great work. I must say I’m not a BTC maximalist but a diversified where crypto with great utility will thrive and survive

  8. Hey Austin, great content as always! I think it's important to clarify to your viewers that when Davidson asked Meltem Demirors about shitcoins, he wasn't asking a Facebook representative. Meltem is the Chief Strategy Officer for CoinShares, and throughout the hearing, shared critical remarks about Libra, and attempted to clarify that it's not a crypto currency, and that it is being fueled by private organizations looking to turn a profit.

  9. Libra could be huge for bitcoin if it fails. Teaching bitcoin to average people is tough and they likely won’t have enough interest to really listen. But if you make it a Facebook thing, then all the average everyday people, and more importantly young people, will likely listen and hopefully get educated on crypto. They will probably like the idea of it, and if Libra fails, they’ll look at Bitcoin and realize it’s better

  10. Libra could be huge for bitcoin if it fails. Teaching bitcoin to average people is tough and they likely won’t have enough interest to really listen. But if you make it a Facebook thing, then all the average everyday people, and more importantly young people, will likely listen and hopefully get educated on crypto. They will probably like the idea of it, and if Libra fails, they’ll look at Bitcoin and realize it’s better

  11. Good morning from LA! I just moved here a few weeks ago. And yoga is great man. One of the aspects I enjoy is that you can practice it anywhere or anytime, which is especially convenient when traveling.

    Congress discussing the virtues of bitcoin is surely a significant milestone. It’s going to be a wild ride, but I’m even more bullish on bitcoin now!

    I guess you could say I’m bullish on yoga and bitcoin. ?

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