Abra’s CEO Just Put 50% of His Investment Portfolio Into ...

On-Chain Bitcoin Scaling En Masse Requires Bigger Blocks, Abra CEO Says

Bill Barhydt, CEO and founder of the Abra digital finance wallet and exchange app, said he sees Bitcoin’s (BTC) blockchain struggling when it comes to on-chain mass adoption of the asset as a store of value, given the asset’s current technology.  “Bitcoin can certainly scale ‘off-chain’ today via third-party custodians such as exchanges and wallets […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Abra CEO Agrees With Bitcoin's Role as Digital Gold

After changing roles several times since its 2009 launch, the current line on Bitcoin (BTC) calls it a store of value comparable to gold — a status with which Abra CEO Bill Barhydt agrees.  “Today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.

*Open Bazaar was crossed-out after their S2X support retraction, see edit at bottom.
These guys have deep pockets, but as you will see below, they are funded by even deeper pockets.
We can't leave this to chance or "the markets to decide" when there is such a malicious intent to manipulate the markets by those powerful players. So that's why all the people saying: "Don't worry, S2X won't happen" or "S2X is DOA" need to stop, we are at a 'make-or-break' moment for Bitcoin. It's very dumb to underestimate them. If you don't know yet who those malicious players are, read below:
We need to keep exposing them everywhere. Using Garzik as a pawn now, after they failed when they bought Hearn and Andresen (Here are the corrupted former 'good guys'), they are using the old and effective 'Problem-Reaction-Solution' combined with the 'Divide & Conquer' strategies to try to hijack Bitcoin. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
Public pressure works when your profits depend on your reputation. The social media criticism worked for companies like Open Bazaar, which after weeks of calling them out on their S2X support, they finally withdrew it.
Please contact the companies on these lists if you have any type of relationship with them, we have just a few days left until the fork:
Regarding OpenBazaar:
* openbazaar (OB1) developer appears to be spreading pro s2x fud. someone needs to fork their project
* PSA : Open Bazaars latest investment round was for 200K from Barry Silberts DCG (Digital Currency Group)
(See edit at the bottom)
B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly these crooks and the people they bribed that are working for the Corporations/Bankers against Bitcoin:
Brian Armstrong, Winklevoss brothers, Bobby Lee, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team)(see edit at the bottom), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins (Federal Reserve Board of Directors), Bill Barhydt and Jiang Zhuoer.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of the S2X or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Blythe Masters:
Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.
https://en.wikipedia.org/wiki/Blythe_Masters
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistant in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
Did we just spend so much time fighting and bickering with core that we totally missed the REAL takeover of Bitcoin, happening right before our eyes, by the likes of currently serving Federal Reserve Bank of New York Board Members?
And before you dismiss all those hard and documented facts as just a 'conspiracy theory', think about this:
Of course, who thought that the ones holding the centralized financial power today (famous for back-door shady plots to consolidate even more power and control), would sit on their hands and let Bitcoin just stroll in and easily take that power away from them?
So, it is not a crazy conspiracy theory, but more like the logical and expected thing to happen. Don't let it happen.
Edit: Formatting.
Edit 2: Brian Armstrong taken out of the 'bad guys' list.
Edit 3: Welp, Brian Armstrong back on the blacklist for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
Edit 4: Due to Brian Hoffman just issuing this excellent and explicit S2X/NYA support retraction, I created this post to apologize for my previous posts (calling them out for the S2X support) and I will be editing my posts to reflect this positive change. I'm gladly back to being a supporter of the great and promising project that OpenBazaar has proven to be.
Edit 5: Added Blythe Masters (How could we leave her out?).
Edit 6: Added links to lists of companies supporting S2X/NYA.
submitted by readish to Bitcoin [link] [comments]

Can we talk about "Abra" again?

I know there are a lot more interesting things going on at the minute but I feel the need to bring up Abra again.
As a skeptic since I heard of Abra before it launched I'm even more skeptical after a conversation I had with Abra CEO Bill Barhydt. However I'm not here to make claims against Abra or disclose what was said in that conversation.
I bring it up again as while it has raised $20m to date its gearing up for a series B soon with a much higher valuation which I believe to be valued on incorrect information.
I want to find out how much the bitcoin community here knows,
-About Abra
-How it works
-Personal opinions on it
I'm trying to get a feel for how the community feels about Abra before I state my issues with it in a long form medium article.
submitted by MatthewFoxAF to Bitcoin [link] [comments]

Speculation about the Launch festival 2015 overall winner ABRA. What technology stack will they be using?

The founder and CEO Bill Barhydt mentioned it will be on bitcoin/blockchain and the value will be stored in a combination of btc + derivative smart contracts. I really hope they would use counterparty for this. What other likely possibilities are there for them to use? The app is great, and seems to be something which could really bring the blockchain for mainstream use.
submitted by skratth to counterparty_xcp [link] [comments]

MIT Bitcoin Expo 2019 - Abra's Crypto Collateralized Contract Technology The Best Mobile Crypto APP - Bill Barhydt - ABRA WALLET (2.3.2019) E809: Bill Barhydt's Abra is 1st global wallet w/20 crypto 50 fiat / ICOs, bitcoin euphoria/crashes DashCast Ep. 15  Bill Barhydt (Abra, Bitcoin Protocol, Equities) Bitcoin: A buyer's and seller's guide  Bill Barhydt

It’s Day 17 of the Crypto World Cup and our second day of the round of 16! Charlie Lee faces off against Bill Barhydt, plus Tyler Winklevoss takes on CryptoYoda. It was two wild games today, with some pretty surprising results. Let’s dig in! If you missed it, here’s the summary of who’s playing in the round of 16. Over the past month, bitcoin has entered something of a bearish state, and has been struggling heavily. The currency initially reached the $12,000 line in August and had most traders excited for the future. Sadly, it looks like the currency has hit something of a snag ever since, and ultimately lost more than $2,000 from that price. While the currency has recovered somewhat and is now trading ... Bill Barhydt, CEO of Abra, Now Has 50% of His Net Worth in Bitcoin. Commenting on Twitter, Barhydt, who used to work at the CIA and NASA, said that 50% of his investment portfolio is now in Bitcoin: “A few weeks ago, I increased my ownership of #Bitcoin significantly and it’s now 50% of my investment portfolio. Quick take. 1 minute read. Bill Barhydt shows his bullish attitude towards bitcoin. Is it truly the best investment opportunity right now? Bill Barhydt, the co-founder and CEO of the crypto company Abra sent out a tweet last week claiming that he has significantly increased his holdings in bitcoin in October.. In an episode of “money talks“, the CEO talked in more In-depth about his ... Bill Barhydt: We need real-world applications, ABRA, for example, scaling infrastructure, the picks and shovels businesses all to kind of work in concert so that they’re adding complementary value. ABRA doesn’t have a plan B. We’re all in on Bitcoin, right? Peter McCormack: Mm-hmm (affirmative)-Bill Barhydt: So we need the core roadmap to ...

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MIT Bitcoin Expo 2019 - Abra's Crypto Collateralized Contract Technology

Bill Barhydt is the Founder & CEO of Abra. In this conversation, Bill and Anthony Pompliano discuss Abra's recent announcements, the need for better banking globally, how Bill sees Bitcoin ... Looking to file your crypto taxes? Check out TaxBit! https://app.taxbit.com/invite/DataDash/ Today, we're talking to Bill Barhydt, the founder of Abra, a new... Bill Barhydt (Founder & CEO, Abra) discussing the contract design underlying Abra's operation as a non-custodial crypto-collateralized investment application at the 2019 MIT Bitcoin Expo. In this interview, I am joined by Bill Barhydt, the CEO and Founder of Abra. We discuss and debunk Goldman Sachs' arguments against Bitcoin as well as the reasons behind their lazy research. Bill from Bull Flag Group interviews Bill Barhydt from ABRA to discuss all things Crypto! Abra is a mobile app which allows users to buy, hold and sell 30 different coins and tokens. The users are ...

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