Why isn’t this on page 1?

[Anonymous No.18041044]

https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/#423c61bd4bea

[Anonymous No.18041065]

>>18041044
You need to start a thread with the picture of a tranny to get any responses here.

[Anonymous No.18041068]

SWIFT= the financial military branch of the US government.

We are the marines.

[Anonymous No.18041071]

>>18041065
this
>he

[Anonymous No.18041079]

>>18041065
fpbp

[Anonymous No.18041095]

SO THIS IS WHY BTC PUMPING HOLY SHIT

$100K EOY

[Anonymous No.18041120]

Wow, this place really is a forsaken shithole.

Is everyone really just poor college retards trying to trade stupid options on robin hood?

[Anonymous No.18041124]

I wonder if FED coin will need an oracle to link it to other blockchains and payment ui's?

WE ARE UNIRONICALLY, UNEQUIVOCALLY, and without Disputability GOING TO FUCKING MAKE IT LADS

[Anonymous No.18041128]

>>18041095
US "digital" Dollar will absolutely destroy BTC and most of crypto

[Anonymous No.18041147]

>>18041120
Yes.

[Anonymous No.18041149]

>>18041128
Not so. How u gonna buy stuff w/o the govt knowing unless u have crypto? Possession of physical cash is now a felony.

[Anonymous No.18041151]

>>18041128
Retard alert! Retard Alert!

[Anonymous No.18041153]

>>18041120
Your expectations are too high. It's nothing but a collection of autistic NEET, underachieving retards that have their 4 figure net worth in LINK or some other scam shitcoin.

Saying faggots use Robinhood here is a compliment

[Anonymous No.18041156]

>>18041065
Alternatively, you're a goddamned pervert.

[Anonymous No.18041171]

It cannot be based on the blockchain. China owns BTC.

[Anonymous No.18041180]

>>18041044
Checked

Most people wouldn’t know how to use it. But necessity is the mother of all great inventions
>>1804106
Kek

[Anonymous No.18041195]

>>18041120
i'm not even in college yet

[Anonymous No.18041219]

Don't see why I should care about this at all. I can already spend USD digitally, why the fuck would I need "digital USD"? My online bank account is digital USD

[Anonymous No.18041221]

>>18041149
Bingo. Bitcoin = gold+cash+safe haven against typical central government games.

[Anonymous No.18041224]

>>18041156
is that mickey rourke?

[Anonymous No.18041236]

>>18041153
We used to be a legion of 50k+ Link holding activists.

[Anonymous No.18041248]

>>18041224
Sometimes.

[Anonymous No.18041258]

>>18041219
Wow. The retardation here is incredible. This is amazing.

[Anonymous No.18041269]

>>18041219
Nothing gets by you fren

[Anonymous No.18041337]

>>18041258
Give me a single reason why I should give a fuck? They can already print infinite money. Who fucking cares if now it's "crypto". Wow this changes everything

[Anonymous No.18041372]

>>18041337
Flush yourself down the toilet.

[Anonymous No.18041373]

Corona rescission to /biz/ is what the 2016 election was to /pol/

Completely destroyed the board

[Anonymous No.18041409]

>>18041372
The lack of replies to the thread shows I'm not the only one who doesn't care about Tether 2.0

[Anonymous No.18041438]

>>18041409
go be retarded here.
>>>/pol/249851323

[Anonymous No.18041452]

>>18041372
You need to have your head smashed with a rock hammer.

[Anonymous No.18041463]

>>18041044
Relevant: https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

[Anonymous No.18041468]

>>18041120
MARK OF THE BEAST IS HERE!!!!!!!!!!!!!!!!!!!!
>MARK OF THE BEAST IS HERE!!!!!!!!!!!!!!!!!!!!
bullish for link desu

[Anonymous No.18041471]

>>18041337
THIS IS WHY WE ALL NEED TO INVEST IN TSE: HWO!!!

[Anonymous No.18041483]

How can this work:

Log into website

Enter your Ss number, drivers license, or tax id number

Returns your private keys

Download Coinbase type wallet

Now you have 1,200 digital dollars, done.

[Anonymous No.18041492]

>>18041044
Because it's just a biiiiiiill
Just a biiiiiiill
The hundreth proposed in the past week that's not going to mean shit like the reeeeest.

[Anonymous No.18041494]

>>18041452
No.

[Anonymous No.18041499]

Explain like I'm a retard:
What is the fucking difference between a "digital" dollar and the money deposited in my online bank account?

[Anonymous No.18041504]

>>18041248
Kek

[Anonymous No.18041507]

>>18041128
No it won't it's going to be the same as lagarde shitposting , digital dollar is going to be centralized bank database with 5% fees for every transaction and absurd aml regulations freezing your wealth for wrongthink.

[Anonymous No.18041516]

>>18041044
>digital dollar
>digital wallets

you mean my fucking bank account and credit/debit cards you fucking mongoloids, we've been in the digital dollar era for decades

[Anonymous No.18041521]

So they are reinventing tether except some HK bank account it's the FED.

[Anonymous No.18041522]

>>18041373
This

[Anonymous No.18041558]

>>18041044
A digital dollar is just a dollar, but digital. BTC is just gold, but digital. Dollars don’t kill gold.

[Anonymous No.18041569]

>>18041149
You aren't. That's the point. The introduction of a digital dollar will delete the need for cash (which is more decentralized than bitcoin has ever been. That's why banks have been trying to eliminate cash for years.) and the need for bitcoin. They will make it so all retailers are only allowed to accept the digital currency. They will be able to track every single purchase every single person makes, in every single country. They will know who buys bitcoin, when, and how.

You didn't actually believe all the coronavirus shut downs were because of the cough did you?

This is quite literally the beginning of global government control in all levels. Soon they will be able to control what you buy, when you can buy it, and who can buy what. Part of me is excited, because I've been investing in the creation and implementation of CBDC's for the last year. The other part of me is disgusted with myself for what I've done.

[Anonymous No.18041583]

>>18041499
digital dollar has all transactions tied to it in a more straightforward way and doesn't need ACH to transfer- instant transfers

[Anonymous No.18041605]

>>18041569
you got to be fucking high if you dont think governments are getting to the point where they can trace all crypto activities through the blockchain considering it is a public ledger of all your activities

[Anonymous No.18041631]

>>18041372
>>18041452
lmao I love this place

[Anonymous No.18041639]

>>18041569
>Part of me is excited, because I've been investing in the creation and implementation of CBDC's
what did they mean by this?

[Anonymous No.18041654]

>>18041605
Of course they can. But this gives them even more control than before. They will trace crypto and arrest anyone who attempts to use it, they will make it illegal to purchase any crypto with the new digital dollar. They will have all of your information automatically pulled up. the SECOND a transaction happens it will automatically pull up your name, ssn, address, and all private information the second you try to purchase bitcoin. good fucking luck.

What happens when they make it illegal to exchange btc for the new digital dollar?
>I'll just go through so many loopholes they won't be able to trace it!
Good luck on that. Good luck beating supercomputers that will exist SPECIFICALLY to trace potential blockchain transactions. good fucking luck doing ANYTHING they don't want you to ever again when this shit happens.

[Anonymous No.18041660]

>>18041569
>The introduction of a digital dollar will delete the need for cash (which is more decentralized than bitcoin has ever been
>cash
>more decentralized than bitcoin
you are fucking retarded faggot

[Anonymous No.18041672]

>>18041605
egh the way I see it more about hacks. hacks are getting more and more dangerous by the day. having blockchain backends would immensely help with security.

[Anonymous No.18041673]

>>18041149
>Buy harmless government approved items, like video game consoles or 24-packs of Mountain Dew
>Barter government approved items for things you'd rather acquire 'privately'
>???
>Profit

[Anonymous No.18041676]

>>18041124

Chainlink is the internet of the blockchains for a goddamned reason

[Anonymous No.18041683]

>>18041654
A black market will simply develop as it does for all things that cannot be acquired through systems in place.

[Anonymous No.18041697]

>>18041516

Retard detected

[Anonymous No.18041701]

>>18041219
hoo ma god

[Anonymous No.18041704]

>>18041654
You are taking one of the more extreme cases where the powers that be want to kill bitcoin, which can give the argument that what is stopping super computers from tracing all bitcoin transactions and acting on it because people don't think they can be watched or traced which lulls people into sleep

[Anonymous No.18041713]

as always, not your keys not your coins, be wary

[Anonymous No.18041722]

>>18041697
you are fucking retarded if you think USD on the blockchain will change how 99% of people will view their dollars

[Anonymous No.18041731]

>>18041120
Don't worry some of us are still here but we know we already made it. There's no point in posting anymore, the board it overrun with new fags and commies, all we need to do is wait. Godspeed marine

[Anonymous No.18041755]

>>18041731
I'VE BEEN WAITING FOR 2 YEARS

[Anonymous No.18041757]

>>18041683
a black market that accepts what? bitcoin? They automatically trace all blockchain transactions. You will be warranted a fugitive for trying to purchase a gram of weed.

YOU FAGGOTS DON'T GET IT.

I want to buy something illegal. I can't purchase bitcoin to buy it because it's illegal to spend my ONLY WORLD CURRENCY THAT IS INSTANTLY TRACKED FOR ALL TRANSACTIONS, AND THOSE TRANSACTIONS CAN BE BLOCKED BEFORE YOU CAN DECIDE ON THEM (This already happens to an extent with a normal bank account.)

Let's say I bought some bitcoin because I was smart and thought it would do good. Now I can use it to buy illegal goods, right? Good fucking luck. A supercomputer automatically traces every single transaction to the original purchaser of the bitcoin and follows the blockchain to the current holder. Your information is pulled up, and you're arrested before the day is over.

[Anonymous No.18041769]

>>18041757
Peter Thiel has only ever invested in 4 cryptos. BTC, ETH, EOS and RSR. And all of them (except RSR) turned into market caps of over $1B and got into the top 10 on coinmarketcap.

[Anonymous No.18041771]

>>18041697
you’re the retard. he’s right and I don’t know what you delusion retards expect from this. it’s no different to your bank account. not even slightly related to cryptocurrency.

[Anonymous No.18041778]

If you're lucky, they'll let you cash out your crypto for a regular fee, to get people out of crypto. But most likely there will be MASSIVE taxes, if they even let you cash it out at all.

[Anonymous No.18041783]

>>18041731
How is LINK involved in this? Gib breadcums plz

[Anonymous No.18041794]

>>18041044
Reminder that this has absolutely nothing to do with cryptocurrencies.

[Anonymous No.18041798]

Y'all must be piss drunk to think that bill is going to pass as written.
Has anyone here read it?
I just spent a few minutes looking through it.
$2000 PER MONTH until the national unemployment rate falls to within 2% of where it was when this thing started.

The digital dollar wallet just sounds like a bank account. It doesn't say anything about blockchain or crypto or decentralized or anything else that sounds remotely interesting for blockchain or smartcontracts. Only that it's "digital" which doesn't mean shit.

[Anonymous No.18041805]

>>18041463
Based: the continuation of the grand lie

[Anonymous No.18041808]

>>18041798
also this is it by the way:
https://apps.npr.org/documents/document.html?id=6817441-House-Democrats-Counterproposal-For-Stimulus

[Anonymous No.18041837]

>>18041757
Good thing I have 109 oz of silver

[Anonymous No.18041840]

>>18041044
To think that I back talked this beautiful woman today. If she only knew she was going to make an army of racists rich...

[Anonymous No.18041842]

>>18041128
It will probably be hot garbage like xrp with a BRRRRRR button

[Anonymous No.18041845]

>>18041757
Bartering, how does it work

[Anonymous No.18041849]

>>18041778
Why do you think this? You really think the US will become authoritarian??

I’ll have to hop over to Mexico

[Anonymous No.18041865]

>>18041149
ur retarded if u think buying things with bitcoin is private

[Anonymous No.18041867]

>>18041849
YOU DON'T FUCKING GET IT.

THIS IS NOT A UNITES STATES EXCLUSIVE. THIS WILL BE FOR ALL COUNTRIES EVERYWHERE IN THE WORLD. THEY WILL MAKE SURE IT IS. HOW ELSE WILL THE CONTROL AND TRACK EVERYONE?

[Anonymous No.18041872]

lol this won’t pass, read the bill retards

[Anonymous No.18041873]

>>18041219
Because it implies an alternative to the usd. That the usd will be dumped.

[Anonymous No.18041883]

>>18041438
Unironically kill yourself.

[Anonymous No.18041895]

>>18041499
Transferring your money between institutions often takes time, yes? Some of that is company choice, most of it is mandatory "confirmation systems" (programs to approve the transaction). This can remove the time from the confirmation system and still confirm your transaction.

[Anonymous No.18041918]

>all banks will be required to create a digital dollar wallet system for customers
so how will these individual systems communicate with each other over the blockchain
a little something named
linky? :DD

[Anonymous No.18041921]

>>18041583
So will I be able to instantly turn my digital dollars into actual cash?

Will the fed be able to track the purchases I make with DUSD?

[Anonymous No.18041922]

>>18041044
Panopticoin

[Anonymous No.18041943]

>>18041921
no. cash will be deemed illegal to hold and not be accepted anywhere. You will be forced to exchange your cash for the digital dollar.
WHY DO YOU THINK THEY'RE GOING SO CRAZY WITH THE PRINTING? ALL OF THIS WAS PLANNED FROM THE START

[Anonymous No.18041948]

>>18041798
>>18041808
you didn't read it very well then, they describe using a ledger
also mentions integrating every citizen/bank and the federal reserve + IRS and postal service

[Anonymous No.18041950]

>>18041722
That’s the point idiot. The 99% keep on living in their stupid little world and before they know it...everything about them is known and they are VERY easy to control and use.

It’s over. Welcome to the global government. Hope you invested in Oracles.

[Anonymous No.18041959]

>>18041943
Why would they brrr up cash and then render it invalid?

[Anonymous No.18041974]

>>18041771
To you, it is no different. You keep living your simple, good goy life and nothing changes. For anyone worth anything, it massively changes.

[Anonymous No.18041998]

>>18041794
Digital USD will operate on blockchain. Data inputs and outputs will obviously be needed in order to facilitate movement of the said currency. Yeah I agree it has nothing to do with anything we should probably get some sleep

[Anonymous No.18042000]

REMINDER THAT THIS HAS NOTHING TO DO WITH CRYPTOCURRENCIES, NOR BLOCKCHAIN, NOR CHAINLINK, NOR ANY OTHER SCAM BUZZWORDS YOU COULD COME UP WITH.

[Anonymous No.18042002]

>>18041959
It won't be backed by the current USD. It will be backed with something else (probably platinum, like the 2 coins the fed is purchasing.
https://decrypt.co/23219/trillion-coin-fed-treasury-coronavirus))

This is to immediately bail out all major corporations facing a loss in profit, as well as to line their own pockets nicely.
>>18041974
this anon fucking gets it

[Anonymous No.18042007]

>>18041849
This is the new SWIFT financial system. If you don’t fall in line with the system, you get sanctioned like Russia, Syria, Iran, etc.

You’re made an enemy to the people who (think they) “control” the world’s largest military and you cannot engage in international business at best and you get bombed to hell at worst.

[Anonymous No.18042019]

>>18041224
its tom cruise

[Anonymous No.18042022]

>>18042000
this

[Anonymous No.18042026]

>>18041998
Why would it use blockchain if it's state regulated and centralized by nature? You shitcoiners really make me laugh

[Anonymous No.18042029]

>>18041755
Patience friend its all lining up, this is the year
>>18041783
Fuck you

[Anonymous No.18042047]

>>18041373
that was the 2017 crypto bubble

[Anonymous No.18042051]

>>18042029
Why do you have to have such a small dick, anon?

[Anonymous No.18042069]

>>18041044

>Why isn't this on page 1?

Because it's just as centralized as before and absolutely not blockchain friendly

[Anonymous No.18042070]

>>18041872
May not pass in its current form. The pawns play Kobuki chess a little bit until the retarded masses are happy about the abortion stipulations and the quadsexual public restroom requirements and getting their quickly disappearing digital dollars that they either spend/hold and lose slowly or (((keep in the bank for safe keeping to retain 100% purchasing power)))

[Anonymous No.18042097]

>>18041998
I too now feel a dreadful tire overtaking my consciousness. I think I shall exterminate the light and retire for the evening. Rather, quite sleepy suddenly.

[Anonymous No.18042116]

>>18042069
It is literally a blockchain based based digital currency you FUCKING RETARD. JUST AT LEAST SKIM THE FUCKING INFORMATION. JUST SKIM IT YOU FUCKING NIGGER.

[Anonymous No.18042118]

>>18041948
>they describe using a ledger
yes of course there would be a ledger, that's how they keep track of whether your digital dollars have been spent and who has them now, etc.
It doesn't say the ledger is public or decentralized.
It just sounds like a state-run bank account, managed directly by the fed.

[Anonymous No.18042122]

>>18041757
>Let's say I bought some bitcoin because I was smart and thought it would do good. Now I can use it to buy illegal goods, right? Good fucking luck. A supercomputer automatically traces every single transaction to the original purchaser of the bitcoin and follows the blockchain to the current holder. Your information is pulled up, and you're arrested before the day is over.

Sucks for people who didn't tumble their crypto before this takes place.

[Anonymous No.18042161]

>>18042122
Totally, all that tumbling will really help you when you go to use your bitcoin for a transaction and it gets blocked because the user is unable to accept those funds because they can not determine if the holder is a good goy or from the NONCOOPERATORS.

[Anonymous No.18042173]

>>18042000
checked but are you stupid or some shit? This is ALL BLOCKCHAIN.

> The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or ... an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’ Additionally, a digital dollar wallet is identified as ‘a digital wallet or account, maintained by a Federal reserve bank on behalf of any person, that represents holdings in an electronic device or service that is used to store digital dollars that may be tied to a digital or physical identity.’

How do you think this will be implemented? By some server?

[Anonymous No.18042189]

>>18042122
Just like trying to do a bank transfer to and from Iran.

“Sorry there is no established Patriot Code from that bitcoin wallet. This is a potentially dangerous and illegal transaction. Here are some suggestions for buyers of your same item that are approved Patriots and willing to pay 5% more!”

[Anonymous No.18042208]

>>18042026
Are you retarded they need a distributed ledger to record everything

[Anonymous No.18042215]

>>18041044
Bitcoin is the golden ticket to luciferian secret citadel society of neoaristocracy. Don’t given up your bitcoin if you want to live free from peasantry.

[Anonymous No.18042219]

>>18042122
Can’t prove you used a KYC, legal means of acquiring those bitcoins?

Your bitcoins are literally worthless BECAUSE you tumbled them.

[Anonymous No.18042226]

>>18042051
thats why you were dick riding in your post for some crumbs. Also stay poor, you had 2 years

[Anonymous No.18042232]

>>18042215
Pretty brilliant:

Sell it to the anarchists and misfits, but then allow them to get rich off of it so they submit in luxury.

[Anonymous No.18042259]

>>18042173
Name a single reason why a centralized government will use blockchain for anything finance related. I'll wait for your retarded response just to laugh back at you.

[Anonymous No.18042261]

>>18042122
Maybe you can buy a dirty bomb strapped to a camel from Achmed for 50 Dark Bitcoins.

[Anonymous No.18042276]

>>18042161
>>18042189
>>18042219

My problem is how would they enforce this? They don't control the BTC network. If I were trying to make transactions with the US digital dollar, then sure, all these things are possible. But the BTC network and the ETH network (which would have the tools to do such a thing more efficiently since their development tools for smartcontracts are superior) are both decentralized.

Someone is going to come up with some smartcontract to handle a transaction so you buy something. If that one gets flagged by the US, someone can just make another one, or host it somewhere else. They can't stop a decentralized network. Only on their USDD network can they have such power.

[Anonymous No.18042326]

>>18042276
You’re describing a shitty Silk Road type market place where you can buy illegal items.

Everything will be much cheaper in the network of the most powerful economy because most producers will operate within this network as they do today.

[Anonymous No.18042331]

>>18041865
What are the dark net markets?

[Anonymous No.18042335]

>>18042259
to better enforce their sanctions like what this guy is saying of course.

>>18042219
>>18042189
>>18042161

[Anonymous No.18042345]

>>18042326
But the rest of the world has no need to play by the US' rules and do all their business on the USDD network.

[Anonymous No.18042367]

>>18042331
networks that overwhelm the authorities use of time and resources - thats it. theyd track and trace buttloads more with more resources.

[Anonymous No.18042381]

>>18041044
I was the anon who called it a few days ago in the /xmg/ thread.

AMA

[Anonymous No.18042401]

>>18042259
>Name a single reason why a centralized government will use blockchain for anything finance related.
Well they could, in theory it would be more resistant to hackers, wouldn't it?
Of course, I'm suggesting a centralized blockchain ledger, run on computers owned and managed by the central bank.
If one computer or group of computers is compromised, that wouldn't necessarily compromise the whole system due to the "decentralized" nature.

Again, "decentralized" in quotes because all of the nodes are run by the same entity. Separately for security, but all the same for centralization.

[Anonymous No.18042403]

>>18042345
This isn’t about geography dumbass. Do you know how many people around the world use Amazon, Google, Netflix, etc? Do you want to operate in the modern world? Or do you want to do “shady transactions on dark corners of the Internet with terrorists?”

You might choose the latter, but 90% of humanity chooses the former and the other 10% are ostracized from the nation.

[Anonymous No.18042419]

Holy shit all those replies for a fake ass shit blog post article

[Anonymous No.18042421]

>>18042226
I own 5k LINK dumb faggot, get that dick out your ass.

[Anonymous No.18042448]

>>18042401
You don't need a blockchain to achieve that level of security, that's just an anarco-capitalist tale. There is a reason the entire world banking electronic infrastructure hasn't collapsed: it works like a charm.

You don't need blockchain for anything related to a state centralized currency.

[Anonymous No.18042466]

>>18041120
Actually I use the Ameritrade app. Everything else you said is correct.
t. poor college retard

[Anonymous No.18042484]

[Anonymous No.18042541]

>>18041373
if the biz we had after the bullrun was zombie biz then I don't know what to call this abomination I see before me

[Anonymous No.18042677]

>>18042026
Its DLT, did you think it's digital in the sense that it's facilitated online? That already exists.

[Anonymous No.18042706]

>>18041569

[Anonymous No.18042740]

>>18041337
They all call you names but none of the mouthbreathing dolomites here can answer the question with a reputable argument.

[Anonymous No.18042745]

>>18041569
You're assuming that physical goods and services are the future economy.
Purely digital goods cannot be forced to only accept any currency, especially smart contract based digital goods and services.

[Anonymous No.18042760]

>>18041120
This s a crypto containment board first and foremost. Of course you will find instant gratification monkeys everywhere around here.

[Anonymous No.18042857]

>>18041895
Basically this. Instead of taking days to clear, it may take anywhere from a minute to an hour. Additionally, I am assuming banks will run "nodes" on the network that ultimately defer to the Fed or Treasury. It will basically be a Federated Bitcoin network that scales better because you won't have to have consensus of thousands of unknown nodes. As a goy, you'll never get to audit the blockchain and this will make it slightly less cumbersome to track your financial records. It's not a good thing, but I don't think it's worse than what we have now.

[Anonymous No.18042990]

>>18042677
What the fuck are you talking about

[Anonymous No.18043049]

IPX Token of #TACHYON will be use for Identity verification

[Anonymous No.18043109]

>>18041654
what makes you think the NSA who created Bitcoin has a problem with it?

people who are paranoid about this shit are just idiots who've never been around higher echelon management of the society. you have no concept of why they are interested in a digitized currency so you fill in the blank with all of this 90iq-tier paranoia that is so easy to btfo.

[Anonymous No.18043145]

>>18041704
or maybe it's not at all about controlling how people spend their money.

do you want to know why the USA would most want to use a digital currency?

counterfeiting.

[Anonymous No.18043182]

>>18041044
holy shit

[Anonymous No.18043197]

>>18041798
>$2000 PER MONTH until the national unemployment rate falls to within 2% of where it was when this thing started.
This is a good idea though.

[Anonymous No.18043198]

>>18041722
you lack vision.

[Anonymous No.18043216]

>>18041373
>pajeets and russians shilling chainlinks 24/7
>golden age
You couldn't even spell recession right, you cow piss-drinking subhuman

[Anonymous No.18043229]

>>18041771
>not even slightly related to cryptocurrency.
You don't deserve me explaining this but I'm quarantined and bored so lucky you.

It is not related to "cryptocurrency" it is related to bitcoin. What you don't understand is currency and money itself. The USD would not be "converted to digital." This would be the launch of a new American dollar, one focused on the domestic function.

The problem with USD domestically is that it's tied to an international currency. This introduced innumerable issues. A new fully-digital American currency would come complete with capital controls as a design feature.

This is about launching a new currency and dismantling the Federal Reserve petrodollar. It's also a way out of our debt. But how does this relate to crypto?

Most crypto is shit. Bitcoin is not. It relates to Bitcoin because of bitcoin's monetary policy and lack of connection to a national bank.

If you can't figure out the rest go buy TP.

[Anonymous No.18043241]

>>18041794
imagine being this much of a bank shill.

[Anonymous No.18043255]

>>18041798
this bill will not pass, and it doesn't have to in order to be meaningful. You are too low IQ to put A, B, and C together you fucking midwit.

[Anonymous No.18043276]

>>18041171
It's unironically going to be on BSV, sadly enough. The pump at the beginning of this year wasn't stupid court speculation.

[Anonymous No.18043333]

>>18041569
Unironically bullish for Chainlink, I remember you explain where smart contract fall into this plan

[Anonymous No.18043345]

>>18041171
>Implying that they would even need pow.

I am literally getting pissed at the retarded anti china retarded posts.
Yea china is an expansionist power , i don't think burgers understand how easy it would be to remove the dollar as reserve currency with a national cryptocurrency.

Worse they seem to be cornering china to do that , with this corona shit and usd deflation the chinese may starve if they can't import due to lack of exports(due to the usd deflation).

It's almost as if they are forcing them to replace the usd with something and a crypto would automatically work since they would not even need to do treaties.

But it's so retarded the usa is not getting into the game , they are truly going to be assfucked and with burgers gonne they will rape everyone after.

I am serious if burgerland and people like mnuchin do not deregulate the banking system and create their own crypto they are fucked.

It's not a question if they are but when , the current system relies on outsourcing and a strong usd.
But for the last 30 years the outsourcing was done to china to industry , now that india is rising it's going to be industry and services and the strong usd is going to fuck americans non stop.
Not to mention what i said above that usd deflation will cause trade disrputions and force others to create a paralel system.

The last thing we need is a cold war again.

[Anonymous No.18043369]

>>18041149
>he thinks people buy bitcoin for privacy

[Anonymous No.18043375]

>>18043345
>The last thing we need is a cold war again
sure it's not happening now with a handmade virus, take your meds zhang

[Anonymous No.18043411]

>>18043241
I'm not a bank shill because, unlike you, I don't have emotional attachments with the shit I buy, which in your case would be cryptocurrency. You are seeing connections where there aren't, cryptocurrencies have no real use cases, it's just penny stocks, banks knows this, wallstreet knows this, smart money knew it and that's why they left you holding bags since the 2017-2018 bubble. Digital currencies != cryptocurrencies.

[Anonymous No.18043502]

>>18041873
it's really this simple.

what I've found hanging around crypto world is that most people in it have no idea how currency functions.

[Anonymous No.18043517]

>>18041921
no, you won't be able to. one of the core benefits to the USA for having a digitized currency is to introduce capital controls.

[Anonymous No.18043525]

What if the gov offered you like 100k bitdollars for a Bitcoin would u sell?

[Anonymous No.18043529]

>>18041943
>You will be forced to exchange your cash for the digital dollar.

no you won't. and there will be other currencies you can use not just DUSD.

[Anonymous No.18043568]

>>18043375
I mean it's a posibility no doubt but from china it could have gonne to any other place or even got out of control in their massive cities.

I seriously doubt it's a weapon, i remember the first threads about it on pol and there were a lot of scientific paper about coronaviruses in china,

>>18043411
>Digital currencies != cryptocurrencies.

Moron, digital currencies have been around since the 90s if not before, 95% of fiat is digital.

All centralized digital currencies that are not cryptocurrencies require a central database ,thus central regulation , thus high fees.
It's been decades since we have digital fiat and to this fucking day most payments have like 5% fees in the digital world.

Another central bank database will change nothing, only cryptocurrency is unique.

[Anonymous No.18043609]

>>18042448
>You don't need a blockchain to achieve that level of security,

No you need a shitton of regulation and armies of lawyers and accountants to do that.

>There is a reason the entire world banking electronic infrastructure hasn't collapsed

Because it's extremly conservative and to this fucking day 30 years after the internet was born you can't fucking buy online with your bank without a middleman like paypal , hell two middleman when you put cards into the scene.

And about 7% fees when you account for the middlemen.

>it works like a charm.

It works like shit year 2020 and sending 1 billion usd internationally has like 30 millions in fees between first world nations.

We are lucky that internal transfers are now working instantly after 30 fucking years.

The entire system is working worse and worse every fucking year and limits on cards keep going down with inflation worse they seem to be blocked automatically due to constant fraud.

I even had 3 fucking cards of 3 banks not working the same day on a fucking airport at night, thanksfully i had cash but this shit is getting worse..

[Anonymous No.18043610]

>>18041149
>anon you need this special tattoo on your forehead/hand to use the new USDigital coin UwU

[Anonymous No.18043619]

>>18043411
You are the one who has no idea what is coming and it's because you don't really understand how money works.

Smart money as you call it is just appeal to authority. I know those people very well and can assure you that what they are telling you is worthless because their interests are not your own.

At a most basic level the introduction of national digital currencies will generate immediate interest in cryptocurrencies of other stripes. Your failure to understand their use cases is your failure to have any independent thoughts. That said, they are almost universally garbage. Almost.

[Anonymous No.18043680]

>>18041873
>implying it won't be USD
do you unironically think that everyone's bank account will magically be worthless overnight or something

[Anonymous No.18043855]

>>18041044
Great, another fucking tether not backed by anything.

[Anonymous No.18043907]

>>18041337

Transactions are much easier to follow as they are incorporated straight into the money and the security features are much stronger, but functionally there is little difference.

[Anonymous No.18043927]

>>18041516

With on chain transactions you would not need a bank any longer

[Anonymous No.18043937]

>>18041044
So the virus is all a load of bullshit, huh? This was the plan all along. This doesn't just get included on a whim, in a matter of days/weeks. These are scary times frens, it really feels like this decade will bring in some horrific changes to all of our lives. All I can say is fuck kikes, fuck chinks and fuck jannies. I'm not selling my fucking LINK so FUCK OFF.

[Anonymous No.18043943]

>>18041128
depends i expect it to be completely centralized so its not a competition

[Anonymous No.18043961]

>>18043855
i have said this a lot everyone just wants to print their own money that's crypto right now the us actually has a right to tho

[Anonymous No.18045093]

>>18041065
based

[Anonymous No.18045104]

>>18041044
they realized they can only print so many 100 dollar bills / hour, capacity will be quickly overwhelmed in case of a bank run
so they switch to digital because typing digits is less hassle

[Anonymous No.18045119]

>>18041044
Digibyte. Jared was in Washington on invite late last year.

[Anonymous No.18045133]

>>18041569
This board has somehow gotten to the point where people listen to actual schizos because they want their coin to moon. It sounds good, because they are literally experiencing a massive dopamine load right now and are making up excuses in the world to rationalise that. Stop listening to these people

[Anonymous No.18045178]

>>18041044

This is HUGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Anonymous No.18045249]

Coollll!!!! With the increase in digital & cryptocurrency adoption there is a need for secure internet service which will be probably based on
decentralized technology one such exciting project is the #Tachyon protocol they have interesting products in the internet service provider segment.

[Anonymous No.18045853]

As a sticker I find it kinda funny that the new boomer rocks meme will be for bitcoin holders. You are the new boomers holding ur obsolete digital gold.

[Anonymous No.18046067]

>>18041569
>>18041654
>>18041778
>>18041943
>>18042002
this is bullish for link

[Anonymous No.18046274]

>>18043333
Autocheck

[Anonymous No.18046484]

>>18041483
>download huge DB of SS numbers from the leaked tax companies
>transfer everyone's funds to my wallet
>take over the world

[Anonymous No.18046492]

>>18041044
Fascism has come to America.

[Anonymous No.18046507]

>>18046067
shut up cultist

[Anonymous No.18046515]

>>18041044
(((Discord))) banned the /biz/ server, get in the new one bros
discord gg kjGsbrW
gyjhy

[Anonymous No.18046726]

>>18041757
What is wrapped btc with Zk-snarks, fking morons

[Anonymous No.18046743]

>>18041044
is this a reserve protocol shill again?

[Anonymous No.18046905]

>>18041044
>https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/#423c61bd4bea

>The proposals said the digital dollar would work as "a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal [R]eserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System)."

uh, translation please?

[Anonymous No.18046930]

https://www.youtube.com/watch?v=4hR4rDbJPM4

[Anonymous No.18046976]

>>18041842
It’s brapper stimulus

[Anonymous No.18047006]

It's about negative interest rates, anon posted before.
http://sys.4channel.org/derefer?url=https%3A%2F%2Fblogs.imf.org%2F2019%2F02%2F05%2Fcashing-in-how-to-make-negative-interest-rates-work%2F

[Anonymous No.18047012]

>>18047006
Woops
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

[Anonymous No.18047034]

>>18045853
What the fuck are you even talking about retard? Jesus Christ hit yourself in the face with a book.

[Anonymous No.18047049]

>>18041438

[Anonymous No.18047063]

>>18041044
Bearish AF for Bitcoin. Buy Tezos or UND or you are FUCKED.

[Anonymous No.18047102]

>>18045133
Ok liberal.

[Anonymous No.18047124]

>>18047063
And PM's, we are gonna start our own currency system bra to avoid negative interest rates, basically pm-crypto ATM network. And fuck is it gonna cost a lot of USD to get in

[Anonymous No.18047280]

>>18045133
this...


or .........................?