Facebook is working on their own currency: a stablecoin, pegged to a mainstream currency. It will likely get rolled out first to users of WhatsApp, which could use this currency to send money to friends and family instantly. But will the currency they ultimately use have any value outside of the platform?
Don’t fall for Initiative Q, the newest ‘get rich quick’ scheme making the rounds on the Internet
Maybe you‘ve seen these get-rich-quick messages from a number of friends on social media. They’re giving you one of their few invites to something called “Initiative Q.” It’s often with a link they want to tell all their friends about. If you share to Facebook, it automatically has “you” say this mouthful, word-for-word: “Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it’s ready they are allocating Qs for free to people that sign up now…
Keeping your cool after losing $2.5 million: Ian Balina talks to Modern Consensus
One amazing thing about crypto culture is that there are few heroes and many villains. People have muted feelings towards Satoshi Nakamoto and Bitcoin Pizza Guy yet they make memes about how much they hate Roger Ver, a guy who actually spends time working on the blockchain. To make sense of this, we sat down with one of crypto’s most successful—and controversial figures—Ian Balina. Non-traders might recognize Ian as the guys who got $2.5 million stolen from his account in the middle of his own livestream. Until then, Balina had been so successful that he was known for “The Ian Balina Effect” for the success that followed him. This is…
Craig Wright goes ‘full billionaire mode’ and doesn’t care what you think: The Modern Consensus Interview
On November 15, 2018 the biggest names in crypto will square off over how Bitcoin Cash (BCH) will operate going forward. While it’s not surprising that Dr. Craig Wright would step into the ring: it is surprising that he would Skype with us for the afternoon and let us ask anything we wanted. Since Satoshi Nakamoto released the original Bitcoin white paper in 2008, arguably no one has been more involved than Wright. Many documents show that if Nakamoto does exist, then he worked closely with Wright both before and after the launch. But if Nakamoto does not exist, then he might be a creation of Wright and/or his early…
