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| October 16, 2019

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TMZ

49ers’ D.J. Jones Proposes To Girlfriend On Sideline Before Browns Game

October 8, 2019 |

No matter what happens on “Monday Night Football” … 49ers D-lineman D.J. Jones is still winning — ’cause the guy proposed to his GF before the game — AND SHE SAID YES!!! The scene was amazing … just an hour or so before Jones’ Niners squared…

TMZ.com

U.S. proposes more tariffs on EU goods, escalating Airbus-Boeing subsidy dispute

July 2, 2019 |

The U.S. added more European Union products to a list of goods it could hit with retaliatory tariffs in a long-running transatlantic subsidy dispute centered on Boeing Co. and European plane maker Airbus.

The Office of the U.S. Trade Representative published a list Monday of $ 4 billion worth of…


L.A. Times – Business

Trump administration proposes easing rules on genetically engineered crops

June 6, 2019 |

The Trump administration would exempt many new genetically engineered crops from regulation by the U.S. Department of Agriculture under a broad overhaul of biotechnology rules announced on Wednesday.

The overhaul, which the department said would cut the cost of developing genetically engineered…


L.A. Times – Business

Fiat proposes merger with Renault in latest auto industry jolt

May 27, 2019 |

Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving.

The transaction would be structured as a 50-50 ownership through a Dutch holding…


L.A. Times – Business

Bernie Sanders proposes U.S. education overhaul in appeal to black voters

May 20, 2019 |

Bernie Sanders proposes U.S. education overhaul in appeal to black votersDemocratic presidential hopeful Bernie Sanders unveiled an education policy proposal on Saturday designed to pump billions of dollars into the public schools system, in a bid to appeal to black voters who shunned the U.S. senator during his previous presidential run. The 10-point plan Sanders detailed in a speech in South Carolina aims to end racial disparities in the public education system. America’s education policy debate has long been steeped in discussions of race and racial discrimination.



Yahoo News – Latest News & Headlines

Maxine Waters proposes consumer-friendly overhaul of credit reporting industry

February 27, 2019 |

Rep. Maxine Waters on Tuesday called for a consumer-friendly overhaul of the nation’s credit reporting system as she brought the chief executives of Equifax, Experian and TransUnion to testify before her House committee about what she called a “broken system.”

The heads of the three leading credit…


L.A. Times – Business

Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

January 13, 2019 |

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the recommendations.   

Also read: Tron Can’t Handle Bittorrent’s Transaction Volume, Former Exec Claims

Russia Recommends Traditional Economic Reforms

The Russian Federation has taken steps to help its strategic South American ally to overcome the deep economic and financial crisis. A high-level delegation visited Caracas in November and delivered a plan to improve Venezuela’s economy. Moscow’s ideas were recently made public by Russian media. It turns out the petro is not part of the Russian strategy.

Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

The group of Russian government experts, headed by deputy finance minister Sergei Storchak, gave Venezuelan authorities a list of economic measures. It’s now up to Nicolas Maduro’s administration to implement them. He recently won the presidential election and officially took office last Thursday, starting a new six-year term as head of state of the impoverished country. Maduro was reelected despite the 1.3 million percent inflation last year which forced 3 million Venezuelans to emigrate from their homeland to neighboring countries.

The economic recovery plan contains five key recommendations. The first measure proposed by Russian economists is to introduce unconditional basic income for the suffering Venezuelan households, Russian news outlet The Bell reported. The money can be provided by revoking the fuel subsidies currently paid by the Venezuelan government.

The second advice is to “shut down the money printing press,” – in other words stop financing the budget deficit with newly printed money. In August last year, Maduro’s government deleted five zeros to redenominate the national fiat currency. However, with no efforts to cut the deficit, the “sovereign bolivar” lost 95 percent of its value against the U.S. dollar.

Russians Advise Caracas to Focus on Indirect Taxes

The Russian delegation urged Caracas to conduct a tax reform. The Moscow emissaries told Venezuelan authorities they should follow Russia’s example and focus on indirect taxation instead of relying on direct taxes. They also advised Venezuelan officials to increase oil production and diversify the country’s exports.

Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Probably out of diplomatic courtesy, the Russian representatives gave a positive assessment of Venezuelan attempts to solve the problems with hyperinflation and foreign sanctions using the oil-backed national crypto, the petro. But according to the Russian press, they also told their Venezuelan colleagues that Russia is not ready to accept the digital coin as a unit of account in bilateral trade.

Following the meetings with the Russian delegation, President Maduro, who also recently visited Moscow, stated that his country relies on Russia to ensure its economic independence. Venezuelan officials have not yet commented on their readiness to implement the Russian recommendations but Caracas has already managed to secure economic aid from Russia. Moscow will invest $ 5 million in its oil industry and provide 600,000 tons of grain. That’s on top of the $ 17 billion in loans that, according to Reuters, the Russian government and the state-run oil company Rosneft have given to Venezuela since 2016.

What is your opinion about the economic measures proposed by Russia? Do you think Venezuela will implement the reforms? Tell us in the comments section below.


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The post Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It appeared first on Bitcoin News.

Bitcoin News

French Government Proposes Tighter Anti-Rioting Laws

January 9, 2019 |

The French government will take new measures to deter violence against police and damage to property as it seeks to corral the ‘yellow vest’ movement, Prime Minister Édouard Philippe said on Monday.
WSJ.com: What’s News Europe

Chatter Report: Troutner Proposes Stablecoin on BCH, Sztorc: Austrian Economics ’Unnecessary’

December 31, 2018 |

Troutner Proposes Algorithmic Stablecoin on BCH, Sztorc Believes Austrian Economics Unnecessary to Understand Bitcoin

In today’s roundup of crypto chatter, Chris Troutner and Andreas Brekken play around with the idea of building an algorithmic stablecoin on BCH. Vin Armani debates with Painted Frog on Bitcoin’s similarities to Visa. Also, Paul Sztorc thinks that understanding Austrian economics is not that important to comprehend Bitcoin.  

Also read: Developer Paul Sztorc Launches the First Version of Drivechain

Building an Algorithmic Stablecoin on BCH

Recently Shitcoin.com CEO Andreas Brekken took to crypto Twitter to wish everyone a happy new year. In his tweet, Brekken casually mentioned algorithmic stablecoins, an idea that Bitcoin.com senior developer Chris Troutner picked up on.

Troutner queried Brekken for alternatives to the DAI, but the latter was not familiar with the field. Brekken then explained that he was optimistic about the technology, even though many academics and maximalists don’t believe algorithmic stablecoins are possible.

In response, Troutner called for the BCH community to bring DAI’s algorithmic technology onto BCH. He suggested using the Wormhole JavaScript SDK at developer.bitcoin.com to create an ERC20 token on the BCH blockchain. Instead of ETH, BCH would serve as a collateral asset. Even lead developer of Bitcoin ABC Amaury Sechet jumped into the thread, as he was positive on the idea.

Bitcoin More Similar to Visa Than Gold

Recently, CTO of Cointext Vin Armani had a debate with his followers on what the catalyst for Bitcoin mass adoption would be. Armani argued that those who stand to gain financially from bitcoin usage are the ones most likely to increase Bitcoin adoption.

Not everyone responded well to Armani’s theory, as commentator Painted Frog argued that Bitcoin is intrinsically valuable like gold. Since society didn’t need to be convinced to use gold in the past, Bitcoin like gold, will eventually be used everywhere.

Armani responded by explaining that Bitcoin is more similar to Visa because both are systems and networks. On the other hand, gold is simply a shiny rock and an inert element.

The Importance of Austrian Economics In Bitcoin

Austrian economics has always been a huge part of the Bitcoin community, and the growing popularity of Bitcoin has sparked a revived interest in Austrian economics. This was pointed out by the President of the Nakamoto Institute Michael Goldstein on social media. Some like cryptocurrency pundit Murad Mahmudov agreed with Goldstein and tweeted that cryptocurrency community members who understand Austrian economics have an edge over those who don’t.

However, director of research at Tierion Paul Sztorc and bitcoin pundit nic__carter both argued that the importance of Austrian economics is highly overstated in the cryptocurrency space. While nic__carter confessed that he had never read any books on Austrian economics, Sztorc explained that he was very familiar with the Austrian school of thought.

Despite a thorough understanding of Austrian Economics, Sztorc insists that only a brief understanding of how the government prints away purchasing power, also known as inflation tax, is enough to understand Bitcoin.

What do you think of an algorithmic stablecoin built on BCH? Let us know in the comments below.


Images courtesy of Shutterstock.


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The post Chatter Report: Troutner Proposes Stablecoin on BCH, Sztorc: Austrian Economics ’Unnecessary’ appeared first on Bitcoin News.

Bitcoin News

TMZ

Terrence Howard Proposes to Mira Pak Three Years After They Divorced

December 25, 2018 |

Terrence Howard wants another go-around at marriage life with his ex-wife, Mira Pak … so he proposed to her over the weekend and she said yes!!! Sources close to the situation tell TMZ … the “Empire” star popped the question Sunday…

TMZ.com