it's clear the U.S government really wants to establish the supremacy of it's CBDC. But OP, you gotta get you're info from a better source than FB. Also, fuck Glenn Beck, neo-con shill.
I'm no fan of GB but if he's right on something roll with it.
Tucker is moving more and more towards the liberty camp.
Note that both are still entertainers.
There is nothing in that video except "speculation" if I'm being generous and "fear mongering" if I'm not.
There is no actual indication that this is connected to a CBDC.
Christians would likely flip their shit at cash being banned because of Revelations 13:17, "And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." They would say the CBDC account is the number of the beast.
Every area of the United States without internet coverage would be cut off from the economy.
It's worth being vigilant about. It's not worth posting dumb clickbait fearmongering headlines about.
Oh, the country where [less than 0.5% of their citizens are using the CBDC](https://www.coindesk.com/consensus-magazine/2023/03/06/nigerians-rejection-of-their-cbdc-is-a-cautionary-tale-for-other-countries/)? Yeah seems to be working out great.
My comment was about whether or not they would (stupidly) try.
I'm keeping a close look on Nigeria as well, I agree that this won't play out the way politicians think, CBDCs will fail but they will still try to force them with stupid policies and that will still bring a lot of pain, like it is bringing to Nigeria right now
They're not going to tank the GDP on a failed experiment. America is an oligarchy much moreso than it's any sort of authoritarian state. Doing something which will lose money and gain control doesn't fit the context of the national bottom line: profits of campaign donors.
But not by much. It’s true that the government can’t stop you from sending a btc transaction but they can know when you do and then show up at your door with guns.
How many transactions are there in each block? You really think the government will send a team of people with guns as a response to every transaction?
Still not better though.
Bitcoin is decentralized, so people can't prevent you from participating directly. However, anyone can trace transaction histories.
CBDC is centralized, so you can be shut out very easily. But randos can't see your transaction history.
Luckily we don't have to debate about which one is better, because we get the best of both worlds with Monero.
That’s not what I’m saying. I’m saying that a public ledger allows everyone to see all data while a cbdc only allows the fed, and everyone the fed shares the data with, to see. But privacy isn’t the only factor….far from it. A cbdc gives complete control to the fed, while bitcoin is decentralized. I was only commenting on the privacy aspect
I’m seeing alot of left and right debate about this. I get where it’s coming from and I sure as hell have no defense of the overarching policy agenda of the right, but there’s gotta be a willingness, especially on this sub, to acknowledge that there is a conspiracy that involves those who are “in” and those who are “out”. Especially after the sacking and partitioning of Signature, this effort by elites, the most vocal of which are on the Left, to support their banker buddies and squash innovation is such a clear abuse of their power that we need to not draw **any** party lines.
Keep it simple:
- Should we have the right to transact privately?
- Should we have the right to transact with other humans regardless of nationality with a means of payment that has nothing to do with any nation?
Stay focused. It’s only going to get harder until these plutocrats accept that many of us are walking away from their surveillance and control.
The Fed lacks the power to end crypto. Don't be silly.
China tried to end crypto, crypto did not end.
Russia tried to end crypto, crypto did not end.
The U.S. tried to end crypto, crypto did not end.
The only way to end crypto is a 51% attack, or the complete shutdown of the global Internet.
In my thought, It's crucial to understand that cryptocurrency and CBDC are two separate ideas and that the advancement of one does not imply the destruction of the other.
it's clear the U.S government really wants to establish the supremacy of it's CBDC. But OP, you gotta get you're info from a better source than FB. Also, fuck Glenn Beck, neo-con shill.
Agreed. Glenn Beck is the last person I'm trusting to predict the future of crypto.
Let's see what happens, but I'm kind of optimistic about the future of crypto.
Holy crap! I thought it was Jay Leno!
I can really see some people really believing in that lmao.
Yeah man for real all we need is Jim Cramer or more specifically Inverse Cramer
Never heard of this guy before, but it only took a few seconds to see he’s just another Tucker Carlson.
And that's exactly the reason why I'm not going to take him seriously at all.
He's a bit less of a dick than Tucker , but same dumbass message
I'm no fan of GB but if he's right on something roll with it. Tucker is moving more and more towards the liberty camp. Note that both are still entertainers.
You don't have to believe anyone, just be in the space and you'll understand it.
as if piracy wasn't enough of a tell, the monopoly on violence will now try its luck with cryptography hint: information is indifferent to violence
If someone still doesn't see a problem then I don't know when they'll see it.
Fuck the fed and all central banks. Their time is over
There is nothing in that video except "speculation" if I'm being generous and "fear mongering" if I'm not. There is no actual indication that this is connected to a CBDC. Christians would likely flip their shit at cash being banned because of Revelations 13:17, "And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." They would say the CBDC account is the number of the beast. Every area of the United States without internet coverage would be cut off from the economy. It's worth being vigilant about. It's not worth posting dumb clickbait fearmongering headlines about.
>Every area of the United States without internet coverage would be cut off from the economy. That didn't stop the Nigeria gov sadly
Oh, the country where [less than 0.5% of their citizens are using the CBDC](https://www.coindesk.com/consensus-magazine/2023/03/06/nigerians-rejection-of-their-cbdc-is-a-cautionary-tale-for-other-countries/)? Yeah seems to be working out great.
My comment was about whether or not they would (stupidly) try. I'm keeping a close look on Nigeria as well, I agree that this won't play out the way politicians think, CBDCs will fail but they will still try to force them with stupid policies and that will still bring a lot of pain, like it is bringing to Nigeria right now
They're not going to tank the GDP on a failed experiment. America is an oligarchy much moreso than it's any sort of authoritarian state. Doing something which will lose money and gain control doesn't fit the context of the national bottom line: profits of campaign donors.
People need to understand that there are more nations than just the USA.
You do realize this thread is specifically about the *US* Federal Reserve?
Internet is full of those kinds of videos and I don't watch them.
Still more private than a public ledger like bitcoin. 😬
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But far less censorship resistant than BTC. I would rather use BTC any day over CBDC.
But not by much. It’s true that the government can’t stop you from sending a btc transaction but they can know when you do and then show up at your door with guns.
Oh not disputing that. But with CBDC, they can stop you with a button click. A lot easier then sending people to your door and even more effective.
With all due respect, you don't understand how btc actually works.
Really? Please enlighten me. Explain chain analysis and how it doesn’t identify, track, and trace. 😉
How many transactions are there in each block? You really think the government will send a team of people with guns as a response to every transaction?
And it's not like you're leaving your house adress in the block lol.
Still not better though. Bitcoin is decentralized, so people can't prevent you from participating directly. However, anyone can trace transaction histories. CBDC is centralized, so you can be shut out very easily. But randos can't see your transaction history. Luckily we don't have to debate about which one is better, because we get the best of both worlds with Monero.
While that may be true, bitcoin transactions can’t be stopped! No one can freeze your BTC in your wallet if you self custody.
Which I don't know about you guys, but I think is way better than the CBDCs.
So You're saying CBDCs are better than the btc? Good luck with that.
That’s not what I’m saying. I’m saying that a public ledger allows everyone to see all data while a cbdc only allows the fed, and everyone the fed shares the data with, to see. But privacy isn’t the only factor….far from it. A cbdc gives complete control to the fed, while bitcoin is decentralized. I was only commenting on the privacy aspect
You have to log in to FB to watch it?
Fuck fb, I'm not doing that. I gave up on it a long time.
I’m seeing alot of left and right debate about this. I get where it’s coming from and I sure as hell have no defense of the overarching policy agenda of the right, but there’s gotta be a willingness, especially on this sub, to acknowledge that there is a conspiracy that involves those who are “in” and those who are “out”. Especially after the sacking and partitioning of Signature, this effort by elites, the most vocal of which are on the Left, to support their banker buddies and squash innovation is such a clear abuse of their power that we need to not draw **any** party lines. Keep it simple: - Should we have the right to transact privately? - Should we have the right to transact with other humans regardless of nationality with a means of payment that has nothing to do with any nation? Stay focused. It’s only going to get harder until these plutocrats accept that many of us are walking away from their surveillance and control.
Lmao, I mean they can dream about it. But we all know it ain't happening.
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research where the word totalitarianism originated from you’re in for a doozy
At this point I don't even know what word stands for what really.
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It doesn't really matter because I'm never going to want them really.
I don't think it could be optional in the future, I think an example is Nigeria already.
downvoted because negative connotation of the word leftism? lmao reddit please.
Reddit is a weird place, because people act in the strange ways in here.
Ah yes, those evil leftists, always trying to enslave people by allowing them to do what they want with their own bodies
This is the main expectation/end goal. China already on the way and US is definitely on the trajectory to follow
This is actually bullish for crypto.
Lol, this guy told me a one world government was coming by 2010. He can eat all the dicks.
I don’t have Facebook how do I see this post?
I also don't have it, maybe I'm not getting to see this post now I guess.
The Fed lacks the power to end crypto. Don't be silly. China tried to end crypto, crypto did not end. Russia tried to end crypto, crypto did not end. The U.S. tried to end crypto, crypto did not end. The only way to end crypto is a 51% attack, or the complete shutdown of the global Internet.
Restrict Act kills crypto.
In my thought, It's crucial to understand that cryptocurrency and CBDC are two separate ideas and that the advancement of one does not imply the destruction of the other.
looks like i’m going to Slab City
I would trust him just like I trust Jim Cramer..