/biz/ - Business & Finance

the bottom of what?

>>49748202
So the wheels are in fact coming off. The sanctions are working.

>>49748255
deez nuts

Won't a US CBDC basically be a stablecoin?

>>49748202
bitcoin is unironically a gift to fractional reserve banking. it's a new asset that can be securitized and collateralized to back USD funny money via CBDC. the Fed has no other choice.

>>49748202
unironically opened a long, this is the most bullish thing for crypto I've read in the last two weeks

>>49748202
That's a small price to pay to see the LGBTQ+ and BLM flags fly high above Mariupol again, chuds

>>49748202
Does this mean USD and CAD will be same again?

>>49748313
So massive buying of BTC?

>>49748202
Guess the bridge currency you absolute retard
We've been telling you for years

USDC will be the stable coin they use. XRP to the moon.

dollars are already digital, via the banking system
and the USD is losing its hegemony due to overprinting and overaggressive sanctions, neither of which will be addressed by a CBDC
there also are major privacy concerns
this is dead in the water

>>49748398
me thinks

>>49748202

Please stop posting disclose.tv twitter bullshit.
They are wrong about almost fucking everything.

>>49748400

>>49748202
man those $3200 stimulus checks and several trillion in boomer paycheck bailouts were worth it

>>49748313
>>49748398
>>49748476

except they wouldn't have to peg a CBDC to anything, as long as people are willing to accept the whole "full faith and credit" schtick all over again.
and if they're not now, in 6 months when their currency is totally debased and they can't afford a loaf of bread, they'll be begging for any solution.

>>49748476
Given that it's govt retards, and a lot of resistance by Americans across the political spectrum to rebase their currency, what sort of timeline are we looking at?

>>49748202
The ukrainian special operation is only partially about ukraine. It is a war of the developing world against the developed world, and it seems the dollar will lose.

>>49748471
Privacy infringement is the whole point

>>49748594
republicans arent goning to go for it

>>49748556
it took 10 years to tame inflation in the 70s when we switched off the gold standard. i think a similar macro/valuation event is happening. speed of information is hundreds of magnitudes faster so it could happen overnight. who knows. which direction do you see capital flow/innovation over the next 20 years? tradfi or defi?

>>49748556
the big difference is now the US tried to make it seem that THEY dont want to accept Russian oil for dollars.

CBDC is so politically toxic in the US. Republicans and libertarians hate having financial monitoring, and half the Democrats seem to just reflexively hate anything with "digital" and "currency" in the same sentence. There is just no one in the country that wants a CBDC. Most people in the US still use physical, literally paper cash bills and coins. Not even things like venmo. So good look having them switch a digital wallet.

>>49748327
This may be why crypto is crashing. There is no world in which non-sovereign crypto has a legitimate use case when FedCoin exists

>>49748734
retard

>>49748636

No it didn't. They did nothing for 8 years except put price controls on oil which caused shortages and drove the price of everything up further, and then Paul Volcker finally had the balls to say "We have to raise rates beyond the rate of inflation to fix this. We don't give a shit if it locks up the economy. We're done with this shit."

>>49748202
>>49748520
USD is extremely strong relative to every other floating currency and everyone is trying to buy USD because everything else seems uncertain. I don't know how you retards are interpreting this to be negative.

>>49748327
You gonna get rekt very soon for being stupid

>>49748721

CBDC opens the door to government tyranny that can be enforced from 2000 miles away without them ever being at real risk of reprisal.
Q: What can we get away with?
A: Anything that won't result in them cutting our heads off.

They'll be able to turn your money off if enough people don't like you.

>>49748752
the same thing happened over the last 8 years, the solutions are just different. back then they didnt have a algo for deflationary, psuedo-sovereign vehicles to park their cash in to securitize/nationalize.

>>49748938

>a algo for deflationary, psuedo-sovereign vehicles to park their cash in to securitize/nationalize.
...what?

>>49749071
you're talking to a bot

>>49749071
the Fed couldnt buy BTC back then you dingus

>>49749122

With the amount of money the Fed throws around, there is no way BTC would have crashed 35% MoM if they were buying at all consistently.

>>49748202
It's absolutely MIND-BOGGLING that people are selling Bitcoin with everything that's about to happen.
These people will seriously regret their decision.

>>49748202
go back to /pol/ and kys

>>49749180
>theres no way an entity that controls money supply to economic smooth inflation over decades could ever influence BTC price before boomer 401ks start offering it.

>>49749246

You didn't say influence.
You said buying. If they were buying, the price wouldn't be dropping.

>>49749223
lmao imagine being so dumb you think the death of the USD as reserve currency is a /pol/ topic

>>49749311
go back there too

>>49748636

70s inflation started before dropping the "gold standard," the dollar was already dropping and foreign countries were redeeming so much gold which is why they suspended the fake gold standard. Inflation started because of government overspending on wars and stimulus to bring unemployment metric down in the 60s. There was no actual gold standard back then because the government's spending was never constrained like it would be under a trust gold standard. The oil crisis just made it worse.

this would require incredibly low and capped transaction fees, massive scaling, rapid finality, and extremely strong security (byzantine fault tolerance at a minimum, able to survive quantum computing as well)
who are the contenders?

>>49748635
sure they are.