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The Bitcoin Group #202 – Trump on Bitcoin – Golden Cross – Facebook Libra – Hash Rate ATH

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Featuring…

Joshua Scigala ()
Ben Wales ()
and Thomas Hunt ()

THIS WEEK:

Donald J. Trump on Twitter: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….”

Yahoo Finance on Twitter: “Highlight: “We haven’t seen widespread adoption [of cryptocurrencies]… really almost no one uses bitcoin for payments… it’s a store of value… like gold,” says Fed Chair Jerome Powell. “That’s not to say we won’t see it.” … ”

Bitcoin’s Price Charts Point to an Impending ‘Golden Cross’ – CoinDesk

Bitcoin Price Drops $2K in 24 Hours But Bull View Still Intact – CoinDesk

Mark Cuban calls Facebook digital coin Libra a ‘big mistake’

Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class – CoinDesk

The real risk of Facebook’s Libra coin is crooked developers | TechCrunch

Facebook’s Libra Coin: Initial Reactions Mixed | Cointelegraph

Bitcoin Mining Industry Is Booming as Difficulty Soars 14% to New High

Jim Bouton Opened Up the Major Leagues to Everyone – The New York Times

Tallycoin is a Bitcoin fund raising and crowfunding platform.

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6 thoughts on “The Bitcoin Group #202 – Trump on Bitcoin – Golden Cross – Facebook Libra – Hash Rate ATH

  1. 0:48 Trump on Bitcoin – Ben Wales
    3:10 Trump on Bitcoin – Christian Rotzoll
    3:49 Trump on Bitcoin – Cryptoraptor
    6:21 Trump on Bitcoin – Josh Scigala
    8:05 Exit question – Will Trump change his mind?
    12:52 Golden Cross – Christian
    14:05 Golden Cross – Ben
    15:18 Golden Cross – Cryptoraptor
    16:08 Golden Cross – Josh
    17:24 Exit question – Price next week?
    18:56 Facebook Libra – Cryptoraptor
    20:50 Facebook Libra – Josh
    22:07 Facebook Libra – Ben
    25:05 Facebook Libra – Christian
    28:36 Exit question – Facebook coin or ripple?
    31:30 Hash Rate ATH – Josh
    33:27 Hash Rate ATH – Ben
    39:09 Hash Rate ATH – Christian
    41:32 Hash Rate ATH – Cryptoraptor
    53:08 Exit question – Does the price follow hashrate?

  2. No worries Donald, they’re just electronic tokens, just weird ethereal stuff – Ether, ZuckBucks, Ripples, Bitcoins, Satoshis, and thousands more. They’re all over the place, like casino tokens, you know. Some of these things might be better than others, but who cares?
    The USD is indeed GREAT! – so well-managed by you, the Fed, the banks, your rich friends… How can the USD possibly be bothered by such air-based (as you say) stuff? Right?
    Don’t listen to your stupid advisors – but maybe consider taking some of these tokens as payment in your hotels, just in case…

  3. Ben is the first I know of who actually listened to the exact words Trump used. Others just made up stuff that was never said.
    I’m sure every bitcoiner had the same thoughts when they first heard of it: “where is the value coming from”, “if I’m not a criminal, why would I use it”.. etc etc.. Then the education process starts, which usually takes over a year. So, just be patient. He’s not against it, he is just “not a fan”, which seems very reasonable.

  4. I thought the best part of the show was when you talked about Bitcioners changing their habits to conserving and not buying new things all the time. I noticed I have started to think that way since getting into Bitcoin a few years ago.

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