Biden’s Crypto EO Weighs Climate Change, Ponders Digital Dollar

The Epoch Times ^ | March 10, 2022 | Nathan Worcester

[E. Pluribus Unum]

President Joe Biden’s Wednesday executive order on cryptocurrency outlines a range of new policy objectives and measures, including language on the climate-related effects of cryptocurrencies and on the potential for a U.S. central bank digital currency (CBDC).

“We must take strong steps to reduce the risks that digital assets could pose to … climate change and pollution,” the executive order states; “climate change and pollution” come at the end of a long list of prospective dangers.

Section 5 of the EO, “Measures to Protect Consumers, Investors, and Businesses,” includes a subsection, (b) vii, telling the Director of the White House Office of Science and Technology Policy (OSTP) to lead work on an interagency report examining climate and energy concerns around cryptocurrency.

The OSTP is currently led by Alondra Nelson, a social science professor at the Institute of Advanced Study with a doctorate in American studies, who has been a member of the World Economic Forum’s Network on AI, IoT, and The Future of Trust.

Biden’s EO asks the OSTP-led group to consider “the potential for these technologies to impede or advance efforts to tackle climate change at home and abroad” as well as “the effect of cryptocurrencies’ consensus mechanisms on energy usage.”

The two main consensus mechanisms used to validate cryptocurrency transactions are proof of work (PoW) and proof of stake (PoS).

[mylife]

you mean this bs is centric to Ukraine and other corrupt places?

[mylife]

what gobbeldygook.

[Huskrrrr]

More One Weird Order.

[tomkat]

We must take strong steps to reduce the risks that digital assets could pose to … climate change and pollution

What utterly clueless @holes.

[Lurker]

They’re not even going to bother actually printing dollars anymore.

L

[laplata]

It’s a given that this EO which Biden’s puppet masters put together for him to sign is not good for America.

[packagingguy]

Validating cryptocurrency will cause the world to heat up? Ok, so why would a central bank digital currency not do the same thing?

[Dogbert41]

We’ll put a stop to all those selfish people pulling their money out of banks!

[rigelkentaurus]

Digital Currency, the stuff totalitarians dream about. The ability to control people, especially those who oppose you, with a simple command entered into a master Fed computer. Turn off all currency in the possession of and disallow any new currency to be added. Or, maybe you would like this one. Instead of the Fed keeping interest rates at zero for 15 years, maybe a negative interest rate would be even better!! It's simple with digital currency, a command to automatically subtract a given percentage of all funds held by each person each month! Oh, let's disallow the purchase of beef! No problem, a couple of lines of code into the Fed computer and poof! Digital currency is invalid for beef purchases and sales. Want to end sales of gasoline - simple with digital currency. Digital currency is lots of fun, for the WEF!!!

[lgjhn23]

Everything these demonic SOBs touch turns to crap.
This will be no different.

[butlerweave]

Digital Dollar = power to turn off your money at anytime

[PistolPaknMama]

I guess the crypto causes solar flares. Only thing I can figure. Nothing makes sense with these people.

[mylife]

♫ with a jackass here and a jackass there... EIEIEO....

[Wildbill22]

I think Climate Change hysteria will be proven to be the biggest scam in history. A historical example of Chicken Little.
-if there is history. The communism that is the end goal will put an end to history.

[servantboy777]

Digital USD. Got’cha right where they want’cha.

[Wildbill22]

Digital Dollar = power to turn off your money at anytime

---

Exactly. It is ultimately about power and control, over us. A social credit system and it will not be complete without leftist Karens brow beating us about every stupid cause and leftist belief.

[Bonemaker]

“....including language on the climate-related effects of cryptocurrencies...”

What about the climate related effects of Biden being an Olympic class asshole?

[DoughtyOne]

They just can’t help themselves can they.

If you have to put safety measures into effect (and I’m by
no means convinced of that), then do it and quite bringing
in every other topic to banter around and defraud the public
about.

[laplata]

Yep. And they could concentrate on us. All conservatives are in numerous data bases.

Social Security and pensions also comes to mind.