Posted on 10/23/2018 6:46:47 PM PDT by MarchonDC09122009
The Fed has been working on this for quite sometime.
https://www.uscybersecurity.net/fedcoin-fedwire/
Cybersecurity and the Modern World Fedcoin: Should the Federal Reserve Have a Cryptocurrency?
Sam Mercaldo
Blockchain, Public Ledger, and Peer to Peer Sharing
Give this 10 years to grow and infiltrate economics then say goodbye to cash. Then you will be tracked and recorded every penny you make and spend. All you need then is a mark on the back of your hand, hmmm sounds familiar.
I assume so people who want to speculate on bitcoin or other CCs can trade in and out of dollars more easily. Right now to exit CC temporarily you have to sell them for real dollars with a high commission than trading CC for other CC.
Fiat backed by fiat. Blatant attempt by central banks to create their own crypto in hopes to skew the crypto markets.
LOL crinkle-cut!
is a transfer, peer-to-peer,
or is goldmansacks involved?
*****Blatant attempt by central banks to create their own crypto in hopes to skew the crypto markets*****
The central banks will control ALL of crypto faster than anyone thought possible. It will only happen because they have been able to prop up current fiat by debt for so long that people still trust the current fiat money. Now people(and banks) can plunge headlong into crypto. Try demanding total transparency of government transactions that will be demanded of individuals transactions since all transactions can now be traced. Good luck with that one.
Crinkle-cut and sandwich slices my friend, am I wrong?
Yeah, dill, right?
Great stuff.
I never really cared for sweet pickles. Must admit they worked on the $6 Burger at Hardee’s (Carl’s Jr. for some). (I think it was actually $3.99)
BUT I had them add regular pickles to mine.
I use those crinkle-cut dills on burgers, dogs, sandwiches.
Oh yeah.
*****The “CENTRE Consortium,” as it’s being called, will establish standards for listing fiat currencies in a digital form.
The group is aiming at mainstream adoption of cryptocurrencies known as “stablecoins,” which are backed by a government currency like the dollar.*****
Establish standards, backed by a currency “like the dollar”. You tell me if GS will be involved.
if its not peer-to-peer.
nobody will bother with it
I heard that gold is backed by gold
why not just buy real dollars instead and stuff them in your mattress instead of buying these fake 1:1 crypto dollar-backed thingies?
“Elimination of cash and US Federal Reserve DEBT note.”
wouldn’t it be kind of hard to eliminate the thing that “backs” crypto dollars 1:1?
besides, cash is already easily eliminated by those stupid enough to want that ...
You guys are missing the point by concentrating on the US. That isn’t what this is aimed at. This is to give people in countries with less stable currencies a chance to ditch their Bolivian or Angolan or Turkmenistani bills and do business in dollars, right down to taxi rides and burgers (or whatever the fast food is there). This is much like those countries which use US dollars now, or those that use French francs or pounds sterling, except without the paper currency.
In addition to adding stability to consumers in those places, it will undermine those countries with even worse budget habits than the US, forcing them to be more responsible. It also will make huge profits for the US banks doing it, at least until the foreign governments figure out how to shut it down.
The whole point of Crypto was to cut out the banks.
If I understand this correctly, this runs the risk of backfiring bigtime. A run on the crypto-bank could crash it just like a regular bank.
Hacked, scammed, on own: Cryptocurrency ‘wild west’...
.
They want to move you to digital currency so they they monitor literally everything you do... they can use fbook and google to monitor your spending habits ... they can implement negative interest rates... they can introduce minimum liveable wages ... and most of all they can hide the fact they stole all the social security money and they have no way to pay any of the unfunded pensions that are about to bankrupt 100 cities!!!!
When the currency reset happens... they need negative interest rates to be able to force you to spend... as everyone will naturally be hoarding money.
I thought the point of having a "crypto currency" was to keep Goldman Sachs out of it.
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