• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Facebook's Libra Yields Before Congress. Bitcoin Can Never Be Controlled.

Views:996
@ReasonVids

Alexandra Ocasio-Cortez will never get to interrogate Satoshi Nakamoto. That's one of many reasons bitcoin is so great.

------------------
Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at Apple Podcasts: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.

----------------

Satoshi Nakamoto is the pseudonym of a mysterious software developer who released a white paper describing a new peer-to-peer currency called bitcoin on an obscure mailing list in 2008, then disappeared two years later.

David Marcus is a Facebook executive who was grilled in two congressional hearings this week about a new digital currency project called "Libra," which the social media giant is billing as a less volatile version of bitcoin that can be monitored and controlled by governments.

"We are fully committed to working with regulators, here and around the world," Marcus said on Tuesday before the Senate Committee on Banking, Housing and Urban Affairs. "And let me be clear and unambiguous: Facebook will not offer the Libra digital currency until we have fully addressed regulators' concerns and received appropriate approvals."

The hearings were a useful reminder that one of the many reasons that bitcoin is a revolutionary technology with profound political consequences, and Facebook's Libra is a payment network with some interesting properties, is that Congress can never make Satoshi Nakamoto appear on national television to be grilled by lawmakers.

Written and narrated by Jim Epstein; Graphics by Austin Bragg and Meredith Bragg.

Alexandria Ocasio-Cortez Photo Credit: Stefani Reynolds - CNP / MEGA / Newscom

David Marcus Photo Credit: Bill Clark/CQ Roll Call/Newscom

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
david marcus
,
bitcoin
,
libra
,
alexandra ocasio-cortez
,
cryptocurrency
    Thumbnail for Why Elizabeth Warren's Wealth Tax Won't Work5:21
    Why Elizabeth Warren's Wealth Tax Won't Work
    ReasonVids
    1189 views
    Thumbnail for Minimum Wage: Bad for Humans, Good for Robots4:30
    Minimum Wage: Bad for Humans, Good for Robots
    ReasonVids
    774 views
    Thumbnail for 4 Loko Tacos & Other Illicit Foods - Kennedy w/ Keep Food Legal's Baylen Linnekin1:49
    4 Loko Tacos & Other Illicit Foods - Kennedy w/ Keep Food Legal's Baylen Linnekin
    ReasonVids
    928 views
    Thumbnail for A Milestone For Women In Politics: Libertarians Reflect on Hillary's Nomination1:01
    A Milestone For Women In Politics: Libertarians Reflect on Hillary's Nomination
    ReasonVids
    977 views
    Thumbnail for David Stockman on TARP, the Fed, Ron Paul and Reagan [FULL VERSION]42:06
    David Stockman on TARP, the Fed, Ron Paul and Reagan [FULL VERSION]
    ReasonVids
    1054 views
    Thumbnail for Why are libertarians so susceptible to infighting?2:27
    Why are libertarians so susceptible to infighting?
    ReasonVids
    965 views
    Thumbnail for Trump: "It's Not Been Easy For Me...My Father Gave Me a Small Loan of $1 Million"0:06
    Trump: "It's Not Been Easy For Me...My Father Gave Me a Small Loan of $1 Million"
    ReasonVids
    953 views
    Thumbnail for National Committee Chair Nicholas Sarwark on the Libertarian Party's Plan for 20168:52
    National Committee Chair Nicholas Sarwark on the Libertarian Party's Plan for 2016
    ReasonVids
    997 views
    Thumbnail for The Fog, parasites releasing parasites 0:56
    The Fog, parasites releasing parasites
    bestofupgoat
    243 views
    Thumbnail for Oi kunt! You will never be as limey as this 0:26
    Oi kunt! You will never be as limey as this
    bestofupgoat
    458 views
    Thumbnail for Noble Orange Kitty...0:13
    Noble Orange Kitty...
    AOUisgay
    587 views
    Thumbnail for Abolish Copyrights and Patents? A Soho Forum Debate1:29:58
    Abolish Copyrights and Patents? A Soho Forum Debate
    ReasonVids
    760 views
    Thumbnail for Feminist fakes being knocked out after getting slapped on her shoulder/arm0:29
    Feminist fakes being knocked out after getting slapped on her shoulder/arm
    AOU
    2729 views
    Thumbnail for Yellowstone Official Trailer | Paramount Network1:25
    Yellowstone Official Trailer | Paramount Network
    invidious
    218 views
    Thumbnail for Will California Legalize Pot? Q&A With Tom Ammaniano9:44
    Will California Legalize Pot? Q&A With Tom Ammaniano
    ReasonVids
    960 views
    Thumbnail for Federal Regulations and You: Partners in Democracy!1:17
    Federal Regulations and You: Partners in Democracy!
    ReasonVids
    930 views
    Thumbnail for Errol Morris on Donald Rumsfeld, The Unknown Known, and Evidence-Based Journalism41:30
    Errol Morris on Donald Rumsfeld, The Unknown Known, and Evidence-Based Journalism
    ReasonVids
    967 views
    Thumbnail for The Impact of Vergara v. California on the Future of Education - A National School Choice Week Event56:22
    The Impact of Vergara v. California on the Future of Education - A National School Choice Week Event
    ReasonVids
    945 views
    Thumbnail for Candidate Austin Petersen Says He's the "Bernie Sanders and Barack Obama" of the Libertarian Party6:59
    Candidate Austin Petersen Says He's the "Bernie Sanders and Barack Obama" of the Libertarian Party
    ReasonVids
    993 views
    Thumbnail for The Legal Way to Rig an Election: Filmmaker Bill Mundell on Gerrymandering9:23
    The Legal Way to Rig an Election: Filmmaker Bill Mundell on Gerrymandering
    ReasonVids
    1051 views
    Thumbnail for TV Reporter Has a Tucker Moment, Whispers Some Truth0:45
    TV Reporter Has a Tucker Moment, Whispers Some Truth
    bestofvoatxyz
    608 views
    Thumbnail for Weird Sniper Rifle Feature in Halo Infinite | StandardAce0:32
    Weird Sniper Rifle Feature in Halo Infinite | StandardAce
    invidious
    447 views
    Thumbnail for 'History's greatest comeback': Congratulations pour in for Trump's presidential win | The National Desk0:59
    'History's greatest comeback': Congratulations pour in for Trump's presidential win | The National Desk
    invidious
    230 views
    Thumbnail for 🔴 LIVE #ข่าวเช้าช่องวัน | 11 ธันวาคม 2567 | ข่าวช่องวัน | one312:10:30
    🔴 LIVE #ข่าวเช้าช่องวัน | 11 ธันวาคม 2567 | ข่าวช่องวัน | one31
    invidious
    153 views
    Thumbnail for Who's Lethal? Police or Tasers6:35
    Who's Lethal? Police or Tasers
    ReasonVids
    1093 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
david marcus
,
bitcoin
,
libra
,
alexandra ocasio-cortez
,
cryptocurrency
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle