Crypto Daily 3@3 - 7.17 | Libra Hearings Day 2 Recap - House Financial Services Committee

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 18 July 2019

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Day 2 of Libra hearings, Facebook's David Marcus testified in front of the House Financial Services Committee. And boy oh boy, it could not have been more different than yesterday. Today was massively more substantive, thoughtful, and holy crap was there a lot of comparison between Bitcoin and Libra...with Bitcoin coming out on top again and again. This day will go down as one of the most significant in Bitcoin's history. Watch the video version at https://www.youtube.com/nathanielwhittemorecrypto

Transcript

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0:00.0	I highlighted a lot of background information about Bitcoin and about the, you know, immutable, distributed ledger and the benefits of that.
0:10.0	Decentralization versus centralization.
0:13.0	You know, a lot of people in this space will use a phrase that you may be familiar with.
0:19.0	There's Bitcoin and then there's Shikcoin.
0:22.4	Are you familiar with that phrase and what people might mean by that?
0:25.7	I am.
0:26.7	So could you elaborate on how people would differentiate the two?
0:30.3	Absolutely.
0:31.0	I think the idea here is Bitcoin has had a...
0:34.5	Well, welcome back to the Crypto Daily 3 at 3.
0:40.0	For our listeners who are joining us via audio,
0:43.5	what you just heard was Congressman Warren Davidson from Ohio
0:47.6	entering the word shit coin to the congressional record.
0:52.9	In the part two of the Libra, the Facebook Libra congressional hearings.
0:59.1	So, yeah, so we're back here again.
1:01.3	I wanted to do another quick recap, just like I did last night,
1:04.3	kind of just my summaries, my thoughts of what went down and what happened yesterday
1:09.2	or what happened today.
1:11.0	And so kind of I wanted to start with,
1:13.2	I think the big banner flag issue
1:16.9	before getting into a few of the key themes.
1:19.2	And that's where that whereas yesterday
	...

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