[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 529 KB, 845x1147, original_298950909.png [View same] [iqdb] [saucenao] [google]
30194833 No.30194833 [Reply] [Original]

WE ARE A CRYPTO BOARD AND ALWAYS WILL BE FAGGOTS

>> No.30194907

>>30194833
arent already most dollars digital? like 90%?

>> No.30195030

digital dollar will not be a decentralized crapto coin

>> No.30195202

>>30194833
date?

>> No.30195252

Is the "digital dollar" this? https://www.frbservices.org/financial-services/fednow/index.html

>> No.30195381

What is the point of the "digital dollar."? I mean, isn't that what a bank account is? Is it some sort of crypto? But the fed just controls? So what is the point?

Let say you have say FEDcoin on FEDwallet, and they decide to have "negative interest rates" and delete 2% of your balance away every year to give it to rich people. Why the fuck would anyone subject themselves to FEDcoin? Its seems so fucking retarded, or am I retarded?

>> No.30195450

>>30194833
>Ctrl + F chainlink
>0 results

OH NONONONONO

>> No.30195476

>>30195381
to bypass the bank and to inject into the consumer(you) wallets. A blockchain dollar will give them a better control. Yes u are retarded and that is a good thing.

>> No.30195491

>>30194833
can the chinks DDOS fed dollar nodes?

>> No.30195527

>>30195381
you get payed in digydollar, you can do shopping with it, it has zero fees and is instantaneus you also can trace it and can get refunded if someone tries to scam you
basically a real digital currency that will be used by the people

>> No.30195542

>>30195381
>Why the fuck would anyone subject themselves to FEDcoin?
You must pay your taxes in FEDcoin. Any business that uses FEDcoin gets a tax break. FEDcoin is inclusive and progressive and anything else is for white supremacists

>> No.30195574

>>30195491
try ddosing link

>> No.30195629

'Digital dollar' will be build on Algorand. Bookmark it.

>> No.30195684

>>30195491
no nodes, it aint gonna be decentralized retard

>> No.30195710

>>30195574
i don't know the answer to what you're getting at. i'm asking: is it possible, especially in light of how incompetent our government is at everything IT related (solarwinds)? seems like a terrible idea if it's vulnerable to DDOS attacks by foreign nations.

>> No.30195733

>>30195629
crapto not needed

>> No.30195831
File: 11 KB, 640x794, 1614860767709.png [View same] [iqdb] [saucenao] [google]
30195831

>>30195733
doesnt need to be using the crapto anon, exposure will sell itself

>> No.30195846

>>30195476
>A blockchain dollar will give them a better control

Sounds like the fucking opposite of what a blockchain was designed to do. The entire point is so one entity doesn't have control.

>>30195527
>you get payed in digydollar, you can do shopping with it

Ok, so like, how normal dollars work right now?

>it has zero fees and is instantaneus you also can trace it and can get refunded if someone tries to scam you

And who is the arbiter of who got scammed and whether it was a scam? Credit card companies have massive dispute resolution operations. Is the fed going to become like VISA?

>> No.30195849 [DELETED] 

suck this shillers! if they do think im so dumb to follow their links for a scamshit, they will defin die from drowning in their asses
we don’t need your shit when we have the upcoming graphene distribution, lol. the only legit way to get graphene is the airdrop

>> No.30195881

>>30195527
Don't forget completely controlled by the masters and subject to any rules they want to impose including liquidity freezes and negative interest

>> No.30195903

>>30195846
>Sounds like the fucking opposite of what a blockchain was designed to do. The entire point is so one entity doesn't have control.
This but normies think the FEDcoin will be a legitime version of bitcoin and that bitcoin is useless after that.

>> No.30195972

>>30195881
how is that different from being controlled by the chink miners and (((blockstream)))

>> No.30196063

>>30195903
no anon, bitcoin is still the big ponzi get rich quick scheme, nobody wants to use fucking boomercoin to do transcations online with 1 hour or more waiting time at $30 fees

>> No.30196105

>>30195381
>he doesn’t know
https://m.youtube.com/watch?v=C4sOWJDDZsI

>> No.30196113

>>30195381
it means they can implement negative interest rates finally.

>> No.30196163

>>30195903

Ok, I guess from the point of view of a no-coiner who thinks Bitcoin is some sort of paypal-esque payment system, maybe they see a "digital dollar" as a competitor to bitcoin.

>> No.30196169

>>30195846
>Sounds like the fucking opposite of what a blockchain was designed to do. The entire point is so one entity doesn't have control.
blockchain is a tech, doesnt mean it cant be used in a centralised manner and it make sense for a central bank to want control. Doesnt mean its good for us.
>>30195710
they have been developing this ever since the inception of bitcoin and probably earlier. Link is going to be use as a data feed much like BSN

>> No.30196222

>>30196163
it was originally designed to be a paypal-esque payment system if you actually go read the fucking white paper lmao

>> No.30196249

>>30196169

Um, what is the point of blockchain when its used in a centralized manner? You can just use a centralized server at that point.

>> No.30196300

>>30195450
https://www.brookings.edu/wp-content/uploads/2020/07/Design-Choices-for-CBDC_Final-for-web.pdf

>> No.30196304

>>30194833
digital dollar literally means bank accounts and such
money doesn't exist until it is withdrawn

>> No.30196382

>>30196169
>doesnt mean it cant be used in a centralised manner
like it is right now with every single coin?

>> No.30196565

how are the zeroes and 1s in my bank account not digital dollars already?

>> No.30196687
File: 54 KB, 1024x1024, f9e.jpg [View same] [iqdb] [saucenao] [google]
30196687

>bitcoin was just a fake project by darpa
>Darpa rolls out their real FEDcoin and all crypto goes to zero
>Stonk market ownership goes over to kamala and all non institutes get kicked out
>Pm becomes worthless hyperinflation is avoided
>All real estate is confiscated by state via property taxes you cant afford because everyone has same amount FEDcoin

When will you learn? Pod and bugs soon.

>> No.30196836

>>30196249
noticed how bitcoin transaction transparent and immutable? Imagine when they can have full control of the issued dollar. Take a look at china, just make sure u dont say nigger online once it released.

>> No.30197145
File: 64 KB, 719x688, 1593525122388.jpg [View same] [iqdb] [saucenao] [google]
30197145

>>30194833
digital money = total control and end of your freedom
look it up, its grim

>> No.30197509

>>30196687
wouldn't this be good for bitcoin? since it means that blockchain — despite being a bloated mess that can't scale — still is the best platform for a currency.

>> No.30197599

>>30197509
>—
>-

>> No.30197883
File: 116 KB, 800x545, me_and_my_gf.jpg [View same] [iqdb] [saucenao] [google]
30197883

>>30197599
what can I say I like em—dashes

>> No.30197909

>>30195381
You are a retard. Students and POC and single women will have positive interest and whitoids will have negative interest. Pretty fucking based actually. Fuck whites.

>> No.30198071

>>30195381
Blockchain controlled by jews so they can seize your money if you're a wrongthinker, obviously.

>> No.30198308

>>30194833
please use this new shit coin of digital usd

we promise we wont debase it to high heaven you retarded plebs

>> No.30198327

>>30195381
Just wait until these stimulus checks don't stop and become UBI, but the only way you can get them is fedcoin.

>> No.30198436
File: 56 KB, 500x482, 1602931194308.jpg [View same] [iqdb] [saucenao] [google]
30198436

>>30197883
What is this?
I really wish google image search didn't automatically type in a suspicious titles for unrelated and unknown images

>> No.30198693

>>30198436
it's an electrical bed warmer

>> No.30198970

>>30194833
>thinks the FED will issue a cryptocurrency
Why are the newfags so fucking dumb? Why can't they tell the difference between blockchain & Cryptocurrency?

Why do the blockchain tards insist on calling their 'projects' 'crypto'?

>> No.30199040

>>30198436
it's a roach lamp
they give off smells and noises that calm people

>> No.30199041

>>30198436
He's drunk and put a kerosene heater in the fucking bed with him, must live in a really cold region
The idiot died of carbon monoxide poisoning and that weird little smile is because he died drunk as fuck
This is a police photo from the next morning
Well, at least he died happy; I'll never know that feel

>> No.30199334

>>30199041
bs

>> No.30199514

>>30197909
i can smell your disgusting mutt odor from behind a screen wtf clean yourself

>> No.30199655

>>30195381
Prevent counterfieting.

>> No.30199903

>>30196105
why are central bankers allowed play minecraft

>> No.30199965

FedCoin will run on ALGO and take full advantage of that platform's capacity for account quarantines, whitelists, and forced asset transfers.

Women and BIPOC to the front of the line, of course.

>> No.30200159

>>30199965
>FedCoin will run on ALGO
fedcoin will never run on a public blockchain you mong

>> No.30200592

>>30194833
Bitcoin will die to Centralized Cryptocurrencies because of four things:

>Taxes
Most governments accept their currency for taxation. They do not accept hard assets, oil, silver, gold, etc... Even if you can use a silver coin, gold coin or Bitcoin as currency - at the end of the day you are taxed in dollars. So at some point you need to exchange your asset for the accepted currency for taxation. Companies like Tesla might accept Bitcoin but they will have to sell their Bitcoin for dollars to pay taxes

>Surveillance
Financial Surveillance is another great benefit to moving to cryptocurrency. Every single citizen will be assigned a wallet for the Central Bank Digital Currency. This could be assigned at birth or not, it matters not when you get a wallet only that you have a wallet that the government can identify as being your wallet for financial surveillance, taxation and handouts. Buying or selling without the wallet will be illegal or at least heavily restricted. This Financial Surveillance will allow a more expansive and accurate credit system and they will claim it is to also help stop crime

>Accounting
This should be self explanatory

>Direct-to-citizen deposits
Direct-to-citizen deposits would basically be handouts and loans, welfare checks sent directly to an individual without any intermediaries. This will allow greater stimulus power and the ability to restrict what that wallet can purchase with the deposit. Loans would come directly from the Central Bank

Governments of the world will crack down physically and financially to anyone that does not comply to the new Central Bank Digital Currency standard. The European Central Bank has already acknowledged that they will control it and can view all transactions on their ledger. China has already rolled out their Central Bank Digital Currency with great success. It is only a matter of time not if

>> No.30200653

>>30195846
>but but muh decentralization!!!
Shut the fuck up you goddamn nerd.

>> No.30200665

>>30195030
/thread

>> No.30200726

>>30194833
I can't wait for stocks to be tokenized. Itll put the final nail in the coffin of nocoiners

>> No.30200741
File: 239 KB, 529x370, 16F7A257-FD6F-4F8A-A1C7-861078AA28D6.png [View same] [iqdb] [saucenao] [google]
30200741

ARE YOU READY FOR THE CRASH OF THE DECADE FOR TECH?

NASDAQ 10K IN 2 WEEKS. YOU’VE BEEN WARNED

>> No.30200780

XRP, the standard

>> No.30201203

>>30194833
run away from it

>> No.30201306

>>30195972
Because they can't change the rules that are hard coded into the DECENTRALIZED network you smoothbrain

>> No.30201973

>>30195881
ALGO offers all those features to issuers btw.

>> No.30202407
File: 184 KB, 686x490, 1614806824437.jpg [View same] [iqdb] [saucenao] [google]
30202407

They will test the waters first. They need to see. The early flowers bloom crisp on a cold winter dawn. Their petals dance in the wind making way for new blossoms in the warm sun.

>> No.30203556

>>30200159
aglo does private proof of stake side chains

>> No.30203858

>>30197509
Good for hashgraph. Which isnt blockchain

>> No.30204404

>>30195381
control you fucking retard are you fucking 5 years old faggot

>> No.30204498

>>30196565
its not blockchain YOU FUCKING RETARD HOW MANY RETARDS ARE ITT?? HOLY SHIT

>> No.30204825

>>30194833
They're going to have to out source this work, or at least work with some blockchain companies.
>B-but the fed has unlimited money! They can put together the greatest team!
Finding good talent is just too hard in the blockchain space. They're already with a good project making good money.

>> No.30204858
File: 109 KB, 624x552, ElmoStaysForever.jpg [View same] [iqdb] [saucenao] [google]
30204858

FEDnow website. There's not much there now but this is the site you want to watch for CBDC updates

https://www.frbservices.org/financial-services/fednow/index.html

>> No.30204989

Is this bullish for PMs?

>> No.30205024
File: 39 KB, 240x383, 56FF479E-EE08-40DB-9D02-8DC159E10F9C.jpg [View same] [iqdb] [saucenao] [google]
30205024

I’m disappointed at the lack of bondholders on this board.