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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (169821)	3/22/2021 10:56:08 PM
From: TobagoJack	1 Recommendation Recommended By marcher Read Replies (1) \| Respond to of 217645

we love BTC for exactly the same reasons as enunciated by Taleb and Powell, that BTC is extremely volatile, not good for transactions except for very large items where the buyer has BTC and seller (of goods) wants BTC, and that the powers that be are dismissive, as they are of gold Reminds me of a near-money in another universe en.wikipedia.org

To: carranza2 who wrote (169821)	3/29/2021 8:05:16 PM
From: TobagoJack	Respond to of 217645

Re <<a proper currency shouldn’t be more volatile than the goods it purchases. This is a good point, but doesn’t take into account the fact that BTC is still in a period of price discovery itself.>> Nassim might be wrong about BTC as efficacious money. Maybe BTC is not supposed to be money whatever Satoshi might have intended. Perhaps BTC is just about transferrable- / teleportable- units of account. ... and more enablers and fellow- fellowette-travellers pile on bloomberg.com Digital Currencies Jump as Visa Pilots Crypto Settlement Jennifer Surane 29 March 2021, 17:00 GMT+8 Bitcoin and other cryptocurrencies rose after Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. As part of a pilot program, Visa is using USD Coin to settle transactions over Ethereum, with the help of the Crypto.com platform and Anchorage, a digital-asset bank, according to a statement Monday by the San Francisco-based payments giant. Visa will offer the service to more partners later this year. Bitcoin jumped by as much as 6.3% during the European session to climb back above $58,000. The wider Bloomberg Galaxy Crypto Index also advanced. What to know in techGet insights from reporters around the world in the Fully Charged newsletter. Traditional financial companies are beginning to embrace cryptocurrencies and blockchain projects more than a decade after the creation of Bitcoin in 2009. That comes even as some remain skeptical of mainstream adoption. Blythe Masters, a former JPMorgan Chase & Co. executive who is now chief executive of Motive Capital, said the token remains mainly a vehicle for speculation and is unlikely to displace alternative stores of value. Jack Forestell, Visa’s chief product officer, said the firm’s move is partly an effort to serve financial-technology companies. “Crypto-native fintechs want partners who understand their business and the complexities of digital currency,” Forestell said in the statement. “The announcement today marks a major milestone in our ability to address the needs of fintechs.” Read more: Morgan Stanley to Offer Rich Clients Access to Bitcoin Funds (Adds Bitcoin price, context) Before it's here, it's on the Bloomberg Terminal. LEARN MORE