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FED President Jay Powell on Digital Currencies and Libra in Zurich – Sept 6th 2019

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own
https://cointelegraph.com/news/fed-chair-says-agency-monitoring-crypto-but-not-developing-its-own

JUSTIN SUN MAKES A MEAL OF REARRANGING $4.6 MILLION BUFFETT LUNCH

Justin Sun Makes A Meal Of Rearranging $4.6 Million Buffett Lunch

Apple exec: ‘We’re watching cryptocurrency’
https://edition.cnn.com/2019/09/05/tech/apple-pay-vp-jennifer-bailey-table-interview/index.html

Ethereum Picks Early October for Testnet Activation of Istanbul Hard Fork
https://www.coindesk.com/ethereum-picks-early-october-for-testnet-activation-of-istanbul-hard-fork

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22 COMMENTS

  1. 1:50 "what happens with banks is people deposit their money and banks lend the money out"
    This asshole has to be kidding… banks haven't done that in over a decade, now it's you put your money in and we "loan" it out 10X over what you deposited. That's why the banks are in such a mess right now, you can't duplicate money by having a bank hold it, massive over-lending leads to massive inflation. You're basically taking the amount of dollars in the system and multiplying it by 10, it goes back to supply and demand – an over supply leads to less demand, so value of the dollar drops in the form of inflation.

  2. The cognitive dissonance is real with this idiots. The future is digital currencies and they know it. They're just too greedy n stupid to admit it. In their mind, the status quo has to be maintained. However, Bitcoin doesn't really give a shit.

  3. I did notice the issue of lending. How will lending be handled if we move away from fiat currency? My guess is the market will control interest rates. As it is right now, the central banks control interest rates which might be another reason they are not interested in digital currently that is decentralized….no money in it for them.

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