Stablecoin battles / Trade Wars & Safe Havens / Berlin Blockchain Recap

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 23 August 2019

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Libra Association on the verge of losing members? That's the report from FT as members get spooked by EU antitrust proceedings. Over in the trade war, Trump ratchets up the rhetoric against China, and we explore both how it might drive Chinese innovation and what it means for the BTC safe haven narrative. Finally, we do a quick recap of Berlin Blockchain Week so far, including the anti-surveillance forces and furries alike. Watch: https://www.youtube.com/nathanielwhittemorecrypto

Transcript

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0:00.0	Where are you on Libra?
0:03.0	I have never understood.
0:05.0	I don't like it one bit.
0:06.0	I don't like it because it's centralized.
0:08.0	I don't like it because it's Facebook.
0:09.0	I don't like it's because it's, you know, everybody gets to keep the flowed.
0:12.0	I don't like it because it's like a debit card.
0:14.0	I don't like it because it doesn't have any inherent value.
0:17.0	I don't like it because it's not.
0:18.0	Welcome back to another crypto Daily 3 at 3.
0:22.7	Uh, kicking it off hot with Joe Squawk, Joe Kernan on Squawk box this morning, talking about all the reasons he doesn't like Libra.
0:31.8	Um, and so today we're going to start with the Stablecoin Wars, new information on the Libra front.
0:36.2	Second, we're going to talk about a little bit of a Berlin blockchain week recap.
0:39.9	And three, we're going to give you a little rabbit hole for your weekend to maybe dig deeper
0:44.1	into the trade war and some big kind of macro concepts that are going around right now.
0:49.3	But back to Joe Squawk and Libra and why he doesn't like it.
0:53.3	So the news out of the Libra camp this morning was that basically the tensions are rising
1:00.1	as the EU's antitrust action exploration, which we talked about earlier this week, starts to heat up.
1:09.1	It's making companies who are involved with the Libra
1:12.4	Association nervous, as you might expect. And so reportedly, this is according to the Financial
1:17.8	Times, three of the companies, unnamed sources, unnamed companies, are reportedly trying to back
1:27.1	out or interested in backing out because of all this tension.
	...

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