Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted that when central banks are so aggressive, Bitcoin starts to look more attractive, while whistleblower Edward Snowden warned the crypto community that the next big bank is not what the world needs. Are they right?
Staking Isn’t Just a Way to Earn Crypto Money – And It Shouldn’t Be
Staking is getting attention for all the wrong reasons, and it’s time to re-examine its role, argues Decred’s Jake Yocom-Piatt.
CoinDesk
Facebook’s Crypto Libra Shouldn’t Become Sovereign Currency, Blasts French Finance Minister
By CCN Markets: Facebook’s unveiling of Libra, its cryptocurrency project coming in 2020, has caught the attention of many, including the French Finance Minister. Bruno Le Maire, speaking on French Radio, has said that this new cryptocurrency cannot operate as a sovereign currency. Facebook’s Libra project intends to introduce a digital currency for usage on its platforms. However, this is raising several economic issues. Concerns on its regulation, and the status of this currency, are up for debate with Le Maire giving some stern warnings. Stern Libra warning With its reach of over 2.3 billion users, Facebook’s cryptocurrency could well call
Razer Wants Gamers to Mine Cryptocurrency Using their Idle GPUs — But You Probably Shouldn’t
Gamers invest considerable sums in the GPU chips that power their computers. However, even the most hardcore “Fortnite” player will leave his or her gaming rig on idle for a significant chunk of each day while they go to work, attend school, or — at the very least — sleep. Hardware manufacturer Razer says that
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Why You Shouldn’t Fear the Blockchain Regulators
Calls for regulation do not represent the end of cryptocurrency innovation; they signal blockchain’s ongoing maturation, a legal expert argues.
CoinDesk
Here’s Why You Shouldn’t Brag About Your Bitcoin Successes Online
Bragging about your Bitcoin successes online is bad, and there are two big reasons for this. First of all, show some modesty, nobody likes a big head! Secondly though, and most importantly, making your Bitcoin fortune clear online makes you a far more attractive target for hackers. It’s something you might not have really considered before but now, the head of Google’s fraud team has spoken out to reiterate why it is important to remain modest about your Bitcoin fortune online.
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Commissioner: SEC Shouldn’t Hold Back in Approving Crypto Products
The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products … Continued
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