However, the historic series of tweets kangol hat that constituted the first-ever public comment on cryptocurrencies by a sitting U.S. president didn't seem to fit the same mold.The statement, seemingly uncalled for, came days before Libra's chief, David Marcus, was slated to face Congress in two back-to-back hearings. Earlier on the day, when cryptocurrencies incurred President Trump's wrath, Jerome Powell, the Federal Reserve's chair, admitted before the Senate Banking Committee that a globally entrenched cryptocurrency could potentially render existing reserve currencies obsolete.

The Verge's Elizabeth Lopatto questioned Trump's understanding of the subject matter altogether, I do not believe for an instant that the president could define a cryptocurrency, explain what bitcoin is, or even know what Libra (much less its Association) is supposed to be."Whoever had penned the hat women tweets, cryptocurrency prices took a tumble immediately, then bounced upward briefly before entering an even greater hit, flashing red signals all across the market.

Nigel Green, the founder and CEO of deVere Group, remarked that discarding digital currencies in the advent hat nike of the digital era is a questionable way to go.Unsurprisingly, the anti-Bitcoin rant cost Trump support of some of his former allies among crypto-loving libertarians and right-wingers. Gab, a social medium notorious for becoming a haven for public figures exiled from more mainstream platforms for the extremity of viewpoints they expressed, tweeted back at the president their defense of Bitcoin as "free speech money."

Rep. Jim Himes from Connecticut suggested that Libra resembles an exchange-traded fund ( ETF ), which is a kind of hat for women investment fund that is tied to the price of an underlying asset  a commodity, an index, bonds or a basket of assets  like an index fund and is traded on exchanges. Indeed, Libra will be backed by a reserve of assets ostensibly "designed to give it intrinsic value" and to mitigate volatility fluctuations. These assets consist of a basket of bank deposits and short-term government securities that will be held in the Libra Reserve for every Libra coin that is issued, according to the white paper .

In the world of startups, the "founder" is usually some person who is there when the project is founded. And the "management" is usually when the people make some management decisions on the project. Rather than when an person is hired months after the successful completion of token sale and successful launch of the network; hired on conditions nike hats of reaching some KPIs and get some bonuses for that; hired on a position of "community director"; and got fired a couple of months later, not ever reaching the KPIs.

While virtually half of the crypto projects are "look Ma I can transfer money from account to account", and virtually all the remaining half went just a bit further to "look Ma I can execute specifically written apps on a distributed virtual machine", this "dead-proclaimed" project managed to ignore both trends and to launch the smart contracts platform where the smart contracts are not just SMART but in fact really CONTRACTS.