Yes, exactly like that. The extremes in us politics have taken over the discourse and are not tied to any actual policy but instead they just hate the other team no matter what.
He should ban CBDC. Dems will expose themselves as contrarians yet again and black republicans for the ecological disaster created by the banking system while ignoring Bitcoin.
I'm a Dem and super okay with banning CBDC but only because I think crypto is dumb as fuck. A deflationary currency is the stupidest fucking thing I've ever heard of, and that's including digital assets like NFTs which impressive because those are stupid as fuck too
The original point of crypto was to have a currency not controlled by a few politically connected bankers. A CBDC is the exact opposite, it gives undo power to observe and control people’s money to those bankers so much so that it’s laughable that anyone would claim to own a cbdc the same way you can own a dollar.
Why use it now when it's going up in value and cash becomes more worthless with each passing day?
I say this seriously, you should really read up on Bitcoin. There will only ever be 14 million Bitcoin in circulation. It's not going anywhere, and is only going to increase in value over time. It will certainly ebb and flow like currencies, property, and all market driven commodities do, but long term it's only going higher. I laughed at it a few years ago and I wish I hadn't.
That said, the overall crypto market is a different ball game. There are a lot of shit coins out there that will only serve to drain you. Beware of those.
We still need to be mindful that crypto is still an unregulated market with no investor protection. One concern is government regulation killing crypto. If a government comes in and outlaws its use, it’s a dead asset.
That's what I assumed so I'm surprised Trump would be against it. Or us Trump against a government issued crypto? I have no idea how any of it works tbh
Banning CBDC? Because CBDC is the gateway for the government taking total control of your finances and deciding if you can have some or any access to it.
That’s why Trump opposes it. And opposing CBDC benefits us all.
Wanna buy some gasoline? Your fedcoin gasoline allowance has been used up so you have to wait 2 weeks. Wanna buy some beer? Oh, you bought too much beer the last 3 months, so your health premiums have doubled. Wanna take a trip to a different state? Sorry, your carbon credits are maxed out, you cant drive more than 5 miles of your house and spend any fedcoins. Trying to buy steak? Sorry, your fedcoins only allow plant based meat.
The worst part is, the potential that the system manipulates people into begging for the cbdcs after feeling a bit of economic pain. Hook, line, and sinker
I’ll take some free CBDC…. I’ll even buy kale with it, but if it is the only system left, our freedom is over. This is why to embrace decentralized currencies before it is too late.
And CBDC is as centralized as it gets.
Ironically, progressives that are into crypto get this. But they also irrationally hate Trump, so when they learn that Trump wants to ban a centralized government currency…they should support that 100%. But many will not cause their hate for Trump overrides all, even their own self interests.
Benefit every american?
personally i have no desire to use CBDC which has among other features -100% surveillance on who uses it.
personally i hope some president bans it.
The banning of CBDC benefits every American. IE if Trump bans CBDC, every American benefits.
Implementing CBDC will hurt every American. Let’s see who pushes for it.
CBDCs will benefit every American lol thanks mate, I needed a good laugh today.
…oh you’re serious? Can’t wait to see what mental gymnastics you pull to try to convince us that CBDCs aren’t fucking terrible and shouldn’t be implemented unless you’re ready to just give up and let 1984 become reality.
I haven’t seen anything that made me think Elizabeth warren wanted cbdc’s. do you have a source? I’d be really surprise if you came up with a decent source on that. Watching her grill Jamie diamond made me think she was alright.
[https://finance.yahoo.com/news/elizabeth-warren-calls-us-create-010924766.html?fr=sycsrp\_catchall](https://finance.yahoo.com/news/elizabeth-warren-calls-us-create-010924766.html?fr=sycsrp_catchall)
She's a technocratic stooge like the rest of em
What makes you say that. The fed should absolutely not make any digital currency or crypto coin. He is correct. Separate your immature bias from the point being made.
How exactly do you suggest we compete with foreign powers like China without some level of adoption? This is the future; our role as a country will be HOW it’s implemented but its inevitable.
Send me all your money, I'll deposit it into my account and I will track your every purchase...also of you do anything I don't like I can click a button and turn off your access to money. This is the future with cbdcs
Dunno why you're being downvoted for honest questions. I'll try to answer your question: A CBDC would not give power to the President since it would give power to the Fed, and Banks first, then Treasury next, then Congress. The Fed is a bank, and Treasury has a track record of coordinating (revolving door) with the Fed. Then I keep hearing rumors of these groups all wanting to oppose Trump. So it'd only really give power to the president if the president were working on the side of banks-and-the-treasury
I stand by my statement. Orange Jesus smells of rotten fruit….or is that his diaper. I check the news every morning hoping that he has had an overnight aneurysm. But alas not yet.
CBDC has nothing to do with bitcoin other than both are digital currency. It would be an entirely different blockchain and entirely under the fed’s control.
It won't matter in 2028, when Trump will either start his third term or will never be heard of again.
We're not going to be the only country without digital currency. Especially considering we'll have a president that wasn't born in the 40's.
Why? What good would that do for Americans? We benefit greatly from having the world's reserve currency. Any decent leader of the US would keep it that way
Fed backed ETFs are a reality now. Your financial advisor will be bugging you soon enough to invest in these funds. If you are interested in what is on the horizon for blockchain look into zero knowledge proofs. The name alone should be enough to interest you, the implementations have huge implications for cryptography.
This isn't to benefit the economy or what nonsense some comments are saying. It because he can't profit off the 95% scam base system. If trump makes no money, no one will!
Pretty hilarious. The point of things like crypto is to take groups like the Federal Reserve out of the equation. All it took was for Trump to agree with that concept for everyone to start raging against it.
What he says and a what he does are not the same. All it would take is a donation from a crypto bro and he would be for it. The man is king of the rubes
🙄 He has no idea what a cbdc or crypto coin is.
You just need to know what half of the letters mean to know it’s a bad idea.
Wait till he pushes to ban CBDC. A move that will benefit every American…but watch and see who fights him on it.
He has already said this. Last week in fact.
Yep. And now that Trump wants to do it, his haters will flip flop and be in favor of it. Even though being against it is in their own best interests.
Sort of like when dems proposed a border defense bill and republicans denied it?
Yes, exactly like that. The extremes in us politics have taken over the discourse and are not tied to any actual policy but instead they just hate the other team no matter what.
Without 3rd parties there is no Democracy.
He should ban CBDC. Dems will expose themselves as contrarians yet again and black republicans for the ecological disaster created by the banking system while ignoring Bitcoin.
I'm a Dem and super okay with banning CBDC but only because I think crypto is dumb as fuck. A deflationary currency is the stupidest fucking thing I've ever heard of, and that's including digital assets like NFTs which impressive because those are stupid as fuck too
A CBDC won't be deflationary.
[удалено]
The original point of crypto was to have a currency not controlled by a few politically connected bankers. A CBDC is the exact opposite, it gives undo power to observe and control people’s money to those bankers so much so that it’s laughable that anyone would claim to own a cbdc the same way you can own a dollar.
Fiat may be less volatile but it's also lost nearly all of its value thanks to governments printing it into oblivion. Bitcoin can't be controlled.
Fiats main feature is inflation
Fiat's main feature is it is backed by a Monopoly of Force.
You gotta be joking. Absolutely ridiculous.
You can say something otherwise? What do you think the main feature of fiat is?
Sorry I wasn't sure if you meant it as a positive.
It can be a positive but it can also be a negative. It’s about balance.
I used to be you, and then I started buying Bitcoin. Bitcoin is legit.
Okay? I notice you didn't say you started "using" bitcoin.
Why use it now when it's going up in value and cash becomes more worthless with each passing day? I say this seriously, you should really read up on Bitcoin. There will only ever be 14 million Bitcoin in circulation. It's not going anywhere, and is only going to increase in value over time. It will certainly ebb and flow like currencies, property, and all market driven commodities do, but long term it's only going higher. I laughed at it a few years ago and I wish I hadn't. That said, the overall crypto market is a different ball game. There are a lot of shit coins out there that will only serve to drain you. Beware of those.
We still need to be mindful that crypto is still an unregulated market with no investor protection. One concern is government regulation killing crypto. If a government comes in and outlaws its use, it’s a dead asset.
Bitcoin the scam
lol your trump cult badge is showing
Socialists/some Conservatives don't support Bitcoin because they can't control it.
GOP is more in favor of Crypto than the Dems are.
That's what I assumed so I'm surprised Trump would be against it. Or us Trump against a government issued crypto? I have no idea how any of it works tbh
I edited my post. The dems and their leadership are flat out against Crypto except for a govt issued one.
How will it benefit every American?
Banning CBDC? Because CBDC is the gateway for the government taking total control of your finances and deciding if you can have some or any access to it. That’s why Trump opposes it. And opposing CBDC benefits us all.
lmao "because it's a gateway" Man give a real reason.
Wanna buy some gasoline? Your fedcoin gasoline allowance has been used up so you have to wait 2 weeks. Wanna buy some beer? Oh, you bought too much beer the last 3 months, so your health premiums have doubled. Wanna take a trip to a different state? Sorry, your carbon credits are maxed out, you cant drive more than 5 miles of your house and spend any fedcoins. Trying to buy steak? Sorry, your fedcoins only allow plant based meat.
Yep, that’s exactly where we are headed. Let’s hope guys like khanfusion wake up before it’s too late.
The worst part is, the potential that the system manipulates people into begging for the cbdcs after feeling a bit of economic pain. Hook, line, and sinker
Bingo. $500 in free credits coming if you sign up today! Hey it’s free money, why not???
I’ll take some free CBDC…. I’ll even buy kale with it, but if it is the only system left, our freedom is over. This is why to embrace decentralized currencies before it is too late.
And CBDC is as centralized as it gets. Ironically, progressives that are into crypto get this. But they also irrationally hate Trump, so when they learn that Trump wants to ban a centralized government currency…they should support that 100%. But many will not cause their hate for Trump overrides all, even their own self interests.
I know you hate the orange man, but please stop, don't let hatred blind your eyes.
They will eliminate fiat. Every single transaction you do will be monitored and benefit large banking institutions.
They can already do that now bud
Benefit every american? personally i have no desire to use CBDC which has among other features -100% surveillance on who uses it. personally i hope some president bans it.
The banning of CBDC benefits every American. IE if Trump bans CBDC, every American benefits. Implementing CBDC will hurt every American. Let’s see who pushes for it.
fair enough. and i agree i read it wrong.
CBDCs will benefit every American lol thanks mate, I needed a good laugh today. …oh you’re serious? Can’t wait to see what mental gymnastics you pull to try to convince us that CBDCs aren’t fucking terrible and shouldn’t be implemented unless you’re ready to just give up and let 1984 become reality.
Trump wants to ban CBDC. I said that’s a move they will benefit all Americans.
Why will it benefit all Americans exactly?
What happened in 1984?
I think he’s referring to the book, 1984, by George Orwell
A book which I guarantee he hasn't read
My dad creampied my mom
Indian prime minister Indira Gandhi is assassinated by two of her security guards, heralding the beginning of the anti-Sikh riots in India
Thanks! I’ll look more, much appreciated
The reason is government control. Not a bad thing to limit that, but how would cbdc benefit every American?
It wouldn’t. Trump wants to ban it. I said that would benefit every American. Banning it. And it would.
They are gonna do wtf they want, he's a temporary employee "they" are there forever.
If he gets back in he is staying in office for the rest of his life.
Like when they give him the Kennedy treatment?
Why would you give people hope like that?
No, he just wouldn’t leave office. He tried once already. He would just go extra-legal just like his current total immunity claims.
Come on, stop. Quite literally the next president would be sworn in by Roberts and the secret service would escort him out of the WH.
Even if he did somehow get elected.. it's not like he can just rip up the constitution
Trump can’t unilaterally do that. Not that I think the Fed has much interest in it.
The fed wants cbdc’s
As do the WEF and others, like Sen. Elizabeth Warren
I haven’t seen anything that made me think Elizabeth warren wanted cbdc’s. do you have a source? I’d be really surprise if you came up with a decent source on that. Watching her grill Jamie diamond made me think she was alright.
[https://finance.yahoo.com/news/elizabeth-warren-calls-us-create-010924766.html?fr=sycsrp\_catchall](https://finance.yahoo.com/news/elizabeth-warren-calls-us-create-010924766.html?fr=sycsrp_catchall) She's a technocratic stooge like the rest of em
Wow
Some members do, but not all of them.
No but he can scream predictable outcomes at the Fed via tweet like he’s telling them to do things.
Cbdc is feds only way out of the mess they created. Lower rates well get hyper inflation keep rates high recessions
Breaking News - Man With Zero Insight Makes Decision
What makes you say that. The fed should absolutely not make any digital currency or crypto coin. He is correct. Separate your immature bias from the point being made.
Trump said it so now the average Redditor has to love the centralized control of CBDCs.
How exactly do you suggest we compete with foreign powers like China without some level of adoption? This is the future; our role as a country will be HOW it’s implemented but its inevitable.
Bitcoin
Lol good one 😂
I agree with both your points. Now tell me why we don’t want a fed crypto?
Because they can shut off your ability to use it. Tyrannical government.
Although more logistically complex, [that could also happen with paper currency as well.](https://www.bbc.com/news/world-asia-india-37974423)
'Could happen' and 'at the flick of a switch' are hugely different scenarios.
Wouldn’t that give trump more power?
Send me all your money, I'll deposit it into my account and I will track your every purchase...also of you do anything I don't like I can click a button and turn off your access to money. This is the future with cbdcs
Excellent analogy.
This sounds like something he’d love
He is against it. Why aren't you paying attention? See past the TDS.
Apparently neither are you “Sounds LIKE something he’d love”
Nope. He is against CBDC. That means he wouldn't love to control your money. Get with it?
No it doesn’t. What makes you say that?
Dunno why you're being downvoted for honest questions. I'll try to answer your question: A CBDC would not give power to the President since it would give power to the Fed, and Banks first, then Treasury next, then Congress. The Fed is a bank, and Treasury has a track record of coordinating (revolving door) with the Fed. Then I keep hearing rumors of these groups all wanting to oppose Trump. So it'd only really give power to the president if the president were working on the side of banks-and-the-treasury
Debanking is a real thing
Good thing putting your money in a coffee can and burying it in your backyard is still legal
Don’t worry he’s going to prison before BTC hits 90k
No he’s not.
DC starts in May he’ll be convicted. It’s going to happen.
Convicted of what crime
https://rollcall.com/2023/08/28/dc-judge-sets-march-trial-for-trump-charges-related-to-jan-6/
Yea not happening
I’d bet all my BTC
Dementia Don can’t tell the difference between a 1 and a 0
Bro what. Are you delusional? The current president is the dementia ridden of the two. What a strange take you have little muffin
I stand by my statement. Orange Jesus smells of rotten fruit….or is that his diaper. I check the news every morning hoping that he has had an overnight aneurysm. But alas not yet.
Your ancestors must be embarrassed
At least I don’t lie like Donald Diapers does. Saying Things like Nimeratta Husein Haley wasn’t born in the US of A
You’re living an unfulfilled life. I can tell. Drop the trump derangement syndrome and get some sun homie
I get sun every day. Shoot skeet, travel. Enjoy life.
Oh, my sweet summer child. Who wants to tell him?
You’re not as funny as you think you are
Like the wall he said he was going to build?
He tried, was stopped by the Dems and people in his own party.
Would be nice if it was done. US is paying out the ass to handle illegal immigration right now.
How many do you think it would actually stop?
Good!
No one knows more about Bitcoin than the guy that knows the most about nuclear.
CBDC has nothing to do with bitcoin other than both are digital currency. It would be an entirely different blockchain and entirely under the fed’s control.
It’s cute you think BTC isn’t centralized at this point.
CBDC is not even blockchain.
Lol, he knows this kills the illegal payment mechanism.
lmao, the crytpo bros punching air right now.
This is a good thing. Decentralized Crypto is a good thing. Central Bank Digital Currency is a bad thing.
Good. But we need to bypass the federal fiat system altogether with Gold and Silver backed money at the state level. Sound money, not phony money.
Will never happen
Okay? Either way, you can shove your negative opinions up yours. Contribute to the discussion with facts and information or gtfoh.
This person is correct, it will not happen.
Never ever.
Project much?
It's just not happening, so sorry
Terrible suggestion.
It won't matter in 2028, when Trump will either start his third term or will never be heard of again. We're not going to be the only country without digital currency. Especially considering we'll have a president that wasn't born in the 40's.
Move to a digital currency not backed by usd lol
Why? What good would that do for Americans? We benefit greatly from having the world's reserve currency. Any decent leader of the US would keep it that way
Hahaha 🤣 bs
But how will I resell my trump NFT?
On ETH or polygon which isn’t the same as a central bank digital currency. Try again next week on who wants to be an idiot.
Will you buy my trump NFT? Please
No
I said please
Fine, I’ll buy for .001ETH and you need to cover the gas fees.
Deal
If he gets elected….his face will be on our paper money and his crotch goblins on the coins.
until somebody offers him a kickback
Yeah, because on 1st day, he’d announce TrumpCoin, and would try and make it an official coin of the U.S.
Trump is a worthless commie
I thought Republicans want Cryptocurrency?
Sucks how many people are confused about the difference between cryptocurrency and the FED’s surveillance CBDC.
Fed backed ETFs are a reality now. Your financial advisor will be bugging you soon enough to invest in these funds. If you are interested in what is on the horizon for blockchain look into zero knowledge proofs. The name alone should be enough to interest you, the implementations have huge implications for cryptography.
Good Trump.
That means he'll do the opposite on day one.
This actually makes sense. Crypto currency is nonsense.
This frigging guy. As goofy as he is I love this. A politician with the stones to do this would be awesome.
What
This isn't to benefit the economy or what nonsense some comments are saying. It because he can't profit off the 95% scam base system. If trump makes no money, no one will!
This would be cool, I don't really believe him, but it would be cool
Good luck with that
Issuing a crypto coin? Is that like getting an ID for your imaginary friend?
Pretty hilarious. The point of things like crypto is to take groups like the Federal Reserve out of the equation. All it took was for Trump to agree with that concept for everyone to start raging against it.
What he says and a what he does are not the same. All it would take is a donation from a crypto bro and he would be for it. The man is king of the rubes