Day 51 of the Portland riots is underway.
[but why]
https://twitter.com/stillgray/status/1284681130478694400
If it was dismantled, how is it that these guys are still raking in the dough on go-fundme?
https://www.gofundme.com/f/support-seattle039s-protest-bike-brigade
Facebook (Libra) Working with the World Economic Forum on Central Bank Digital Currencies
There was a curious talk at the World Economic Forum, held in Davos, whose topic was titled Creating a Credible and Trusted Digital Currency. The discussion tied together insight from policymakers and leaders in the digital currency field. Digital fiat, or central bank digital currency (CBDC), was the theme. The panel agreed that innovation should be encouraged – but must be enforced by regulatory rules. The group said stablecoin competition and proliferation is a risk. Public use requires new regulations and faster payment systems. The feeling among the speakers supported study and innovation but cautioned against unknown consequences.
The members assembled represented different groups, some with a profit motive, and others from a policy and regulatory duty. Sheila Warren (Blockchain Lead for the World Economic Forum), moderated the talk. The speaker panel included Tharman Shanmugaratnam (Senior Minister and Chairman of the Monetary Authority of Singapore), David Marcus (Head, Calibra, Facebook Inc.), Valdis Dombrovskis (Executive Vice-President for the European Commission), Benoît Coeuré (Bank for International Settlements (BIS)), and Neha Narula (Director, Digital Currency Initiative, Massachusetts Institute of Technology (MIT)).
The idea of CBDC in place of fiat currency is gaining attention. Bitcoin itself has created a niche industry. The advent of stablecoins, primarily Libra, has caused concern from regulators and bankers. The discussion consensus was that public policymakers, bankers, regulators, and private industry need a new approach fostering innovation but managing risks. The ideas are not new. Similar points were mentioned in several 2019 year-end bank speeches. But the assembly at Davos delved into further detail that suggests 2020 and beyond will see more digital currency policy published by authorities.
What about stablecoins vs. CBDC initiatives? How do we make sense of a world with a multitude of stablecoins?
CBDC would take the form of digital fiat currency, but stablecoins reference an underlying asset or currency, a collateralized token. More collateralized coins are entering the marketplace, Libra being a famous example.
https://www.forbes.com/sites/robertanzalone/2020/01/28/crypto-thoughts-from-davos-encouraging-but-beware-unintended-consequences/
Chicago Riot tonight
"They all have riot gear, batons, squad cars everywhere, SWAT’s here."
https://twitter.com/Diego4Change/status/1284695901626408960