But pay attention here:
Keep in mind that the purchasing power of $1.00 in 1913 (the Federal Reserve System was established) is now about 3 1/2 cents. Central planning and control always leads to catastrophe because it is always corrupted by greed, incompetence, and a lust for power. Human nature never changes.
Is Crypto Superman’s dog’s name ?
"I don't like you crypto types "
She looks like she's past her expiration date.
ECB’s Lagarde Urges Immediate Crypto Regulation To Stop Putin Evading Sanctions
https://redstatetalkradio.com/ecbs-lagarde-urges-immediate-crypto-regulation-to-stop-putin-evading-sanctions
She's probably thinking, "We need a good war to show these crypto punks who's boss."
Will BRIC still be tied to the petro dollar after this all shakes out?
Ah, no. The Bidenists and SJW types are not referring to oil when they say that cryptocurrencies and blockchain systems are “bad for the environment.” They don’t think that far ahead.
They are literally complaining about the increased electricity consumption of computers/servers that are dealing with crypto and blockchain - those require much greater CPU activity than normal.
However, it’s not a significant problem in reality - not compared to their desire to overload the grid with electric cars.
Read their own claims here:
https://www.pcmag.com/how-to/what-is-the-environmental-impact-of-cryptocurrency
https://www.newyorker.com/news/daily-comment/why-bitcoin-is-bad-for-the-environment
They are literally freaking out about electrical consumption, where most people using cryptocurrencies will *never* make their power draws the media is predicting.
There, fixed it.
> “The executive order would also mandate government agencies investigate the possibility of launching a central bank digital currency (CBDC) issued by the US Federal Reserve.”
Beware the CBDC will be able to throttle us, turn us off and on, by controlling whether and what we may buy and sell.
End times?
The stupid “mining” of Bitcoin alone takes a large amount of energy to run the computers cranking away. That’s what they’re referring to, I presume.
The environmental issue with bitcoin is that:
- anyone can create a new bitcoin by doing a complex calculation, and
- the complexity of the calculation increases with each new bitcoin created.
This limits the number of bitcoins by making it uneconomical to spend more energy on the calculation than the next bitcoin is worth. Currently you need a specialized computer system and a source of cheap electricity to make it economical to compute new bitcoins.
This is similar to the situation with gold, where obtaining a new ounce of gold requires a very expensive mine and a lot of energy to extract the gold from tons and tons of rock.
Ping to the FR Crypto List!
To be added or leave, pm me.
Send crypto with your request to be added more quickly!
Ping
“Beware the CBDC will be able to throttle us, turn us off and on, by controlling whether and what we may buy and sell.”
That’s affirmative. We are about to learn all about CBDC “built-in burn,” where your magic bean digital bank dollars can disappear overnight. Where your savings can be raided by big government. Where access to your account can be shut down by fascist bureaucrats who don’t like you.
CBDC is far more important than screeching like trained monkeys over Ukraine.
The current war that has the potential to expand dramatically provides a justification to attack crypto. Watch for it.