/biz/ - Business & Finance

>>22960232
>USD
QRD on the tokenomics of this one

Pure decentralized finance operations WILL be banned by the United States and all other major nations controlled by a central bank.

The websites will be seized, and the activities themselves will be made illegal, meaning that all individual users will be violating the law. Somewhat analogous lending capabilities and rates will be offered through centralized services approved by the government. Get ready for “Goldman Sachs User Lending Services” or something similar.

They are using you for the time being while you trailblaze the protocols and make the mistakes they don’t want you to make.

And to all the revolutionaries and cypherpunks here who will reply that you can’t delete Uniswap, please understand: the ACTIVITIES will be made illegal. Meaning that ALL users will technically be violating the law. Mainstream news stories about usurious lending (imagine the chutzpah) will support the decision to ban it. And your technically true claim that you can’t delete these systems will not matter, because at that point you’re engaging in a revolution and expecting normies to risk their freedom just to use a clunky DeFi system for a few yield points.

You have been warned.

What's their end game?

What exactly is the "conservative" opinion on the overnight lending market and limitless repo? It feels like having the central bank play lender to corporations seems like the exact opposite of laissez-faire and free market. This isn't just in relation to coronavirus, which is understandable that the govt might want to step in to help corporations that can't operate without employees but the interbank lending market was going on in full force well before Dec 2018.

If the fiscally conservative stance leans on an untouched market, why do conservatives want the interbank lending rates to be close to 0% which would lead to the Fed being the most important institution in America?

>>17664551
Yes, citizen
Proceed to buy in an orderly manner

It's all fine here lads; nothing to see
Stop selling.

>The US government wants money
>They go to the Fed and asks the Fed to give monies
>The Fed loans money at interest
>All the Fed has to do is push a button and make more money
>Again...all they have to do is push a button LMAO
>Since US dollars are not tied to any Standard, it has no instrinsic value
>They can do this as much as they want
>They are not audited
>There is no oversight
>They can make as much money as they want
>In 2008 they gave a fuckton of free money to greedy banks
>They tax the rest of the population to pay for these "loans"
>These loans get so out of control that taxes effectively go into a black hole and dont have any effect on the national debt

What can possibly go wrong? What a genius system. Wow. Incredible. Brilliant. Making money out of thin air. Who would have thought?