/biz/ - Business & Finance

>>49751841
Um, actually, sweaty, according to Snopes the economy is doing great, and if you have any complaints it's Putin's fault (which is a good thing).

>>49751841
There isn't any real difference between the USD and any shitcoin now, is there?

this is actually horrifying

>>49751841
That's so vague. What the fuck is he really saying?

>>49753071
Either they want to create a "stablecoin" tied to the USD, or leverage a blockchain for banking that is maintained by the fed.
The blockchain tech is actually a really great ledger for banks, and that is what Ethereum is or was trying to be.

>>49753071
cbdc inbound, which means more censorship, less privacy, more control over plebs, less freedom, ability to take your money any time, negative interest, social credit, nudged into spending or saving, taxing everything, etc. if you don't have bitcoin you're done for.

>>49753145
>if you don't have a different bitcoin you're done for
>Just take your money out of one fiat system and put it into another fiat system, or else you're DONE FOR.

>>49752964
I've been saying this all along it will be trackable in real time and you can have your assets frozen or seized in real time eventually this will be a global digital currency if you want more details read revelations

>>49752024
eth dropped 50% vs USD in a month, USD gained 16% over other currencies since mid 2021

>>49753234
this guy is already a slave, how much welfare do you get each month?

Will G-d strike these niggas down with a second curse of Babel or something?

>>49751841
This alone should cancel the bear market.

>>49751841
They should do a case study of Luna vs Luna V2.

>>49751841
Sounds good. DCA from day one and you'll retire happy in 30 years.

>>49751841
they're only doing this to cut back on physical costs of using the printer.

>>49753265
What evidence do you have to support your choice investing in bitcoin?

>>49753254
You proved me wrong. Good thing the USD isn't going through record inflation right now, right?

>>49753439
>Good thing the USD isn't going through record inflation right now, right?
yes, but so are all other currencies (cf DXY) while practically all asset classes are doing even worse than USD. the only major currency that seems to be doing better is CHF, and the swiss don't need to worry nearly as much about their economy and long-term growth aspects as the US does.
only other alternative is putting your cash into commodities or precious metals and praying to god that people don't start randomly dumping them the next day.

>>49753371

Bingo.. There's also the fact that if they pull it off it can significantly reduce fraud as money copying/fraud and laundering etc is rampant.

But retards who spend too much time believing lizard people are poisoning the water supply will come up with their own narrative and inevitably try to ram it down our throats.

>>49751841
So how is this nigga gonna get CBDC off the ground when the current fiat be shittin da bed. Ain't no niggas finna use dat shit.

>>49751841
As long as ot pumps my other bags I'm set

>>49753287
This. It's a given collateral effect

>>49753145
AAAAAAHAHAHAHAHAHAHAHA
Lmfao I'm not buying stupid fucking easily banned shitcoins with zero value or backing
At least their ponzi coin will have a huge fucking army and globohomo backing it.

Face it: No one or real value wants your stupid pajeet scam because it's reinventing the wheel tier stupid and no one is as stupid as wagies.

I'll enjoy accumulating guns, ammo, and other fine TANGIBLE goods.

Cry out as the Jew buttfucks you soon. Call me a Jew. You're still a worthless loser who fell for a fucking STUPID Pajeet ponzi

>>49753439
I'm guessing around $800/mo.
>>49754045
I don't know, some people bought mine at $55keks, and now I'm buying at $20keks, so...

>>49753675
Good thing they said this is temporary and that the USD is going to bounce back tomorrow.

>>49754158
>Asked to provide evidence of why they bought into crypto
>chimps out
Many such cases.
You definitely aren't participating in a cult/ponzi scheme.

>>49753283
If Taiwan couldn't produce semiconductors then yes, there would be a second curse of Babel. Imagine, no new semiconductors, or there are very low quality. If a computer breaks you either can't get one or have to pay a buttload. Same with anything that relies on semiconductors. Since we use computers and digital devices to communicate, communication worldwide would break down. Blockchain relies on digital devices, so no more blockchain either. Complete chaos.

>>49754158
good work lol keep selling that shit to El Bagholderino or fat asian moonface dude so they can eat another L during the depression. You've done well. REtards are mean't to be farmed. The Dems are right. They are too stupid and irresponsible hence have forfeited their right to free will and autonomy. Let the totalitarianism begin.

>>49754444
The current dollar is basically digital currency. what percentage of transactions use credit-cards vs hard cash. I would be 95% of transcations are digital.

I can't believe the great reset poltards were actually right what the fuck

>>49754541
That's good then. If Taiwan lost its ability to make semiconductors before new factories in other countries could be built, that would be a real heavy hit to the world economy. Achilles heel. HAHAHAHAHAHAHAHAHA!!!!!

>>49752024
actual child or a dark skin poster
dollar is strengthening like crazy

>>49754556
/pol is right depending on how you spin it. A lot of zoomer white supremacist retards in there (i.e. they're 15 and haven't grown up yet/know nothing).
SOmetimes older people chime in with real insight. Frankly, way better investing advice there than on this Pajeet, wagie, zoomer ponzi board.

You better believe they're going to raid tf out of this shithole soon once the crypto tards start roping. Thinking they're smart enough or brave enough to rope is something /pol is totally wrong about though.

>>49754662
look up a chart of the dollar's value over time
>>49754444
we would still have computers and internet. what we wouldn't have are cheap mosfets getting pumped out for every rinky dink electronic device, at least until production moved elsewhere. electronics =/= computers

>>49754662
>dollar is strengthening like crazy
>strengthening so crazily that they are bringing out a crypto to try to revive it
Fedcoin is going to be the new bond, and they are hoping they can get some dumb goys to buy it to revive the dollar from going full weimark.
What reality did you grab your evidence to have this viewpoint?

>>49754556
/pol/ is usually accurate in a general sense but retarded when it comes to the details.

>>49751841
just as you thought the boomers couldent do anymore damage watch as they single handily destroy the dollar because of muh reasons

>>49754866
computers would be more expensive though, and there would be a period of chaos at the beginning, which might be enough to tip the world into war. Could possibly spring the Thucydides trap that China and the US seem to be caught in. If stability is maintained then computers will be a premium only for governments, that might make the tyranny even worse, but would make people hate government even more. So many possibilities!

>>49754662
No, it’s just that other currencies (ones pegged to the dollar) are weakening even faster than the dollar. If all you mean by strengthening is that it has more value versus it’s subordinate currencies, well you’re not really saying anything about objective value. The dollar buys less physical goods across the board than it did last month, and it will buy even fewer next month. If you’re talking about it’s value relative to pms, well congratulations, you’ve just discovered that pms are a paper market subordinate to the dollar. If you’re talking about versus crypto, then congratulations you’ve just discovered that crypto is subordinate to the dollar via tether. But if you’re talking about tons of wheat or electricity or the cost to fix a tire, then no, the dollar is not strengthened.

>>49754556
/pol/ is right about 90% of the stuff...it went downhill in the recent years though.

biz is basically the new pol

GLOWIE COIN IS IN THE HOUSE TONIGHT
ANONS WHO KNOW ARE GONNA HAVE A GOOD TIME

>>49752024
They print it like it's a shit coin, that's for sure

>>49754310
Whatever keeps me off the ol' welfararino

powered by Chainlink

>>49754556
If you did not see that move coming, you definitely need to work on your intelligence.
You will not make it if you just follow the motions and discover things after (((they))) announce it.

>>49755207
>buying into a ponzi scheme keeps me off welfare
Hmmm. Alright.

>>49751841
Welcome to Clown World, where the money is made up and the debts don't matter.

I don't know what nigger would fault an honest White man for wanting gibs in this society.
Fucking Losers.

>>49755033
This.

>>49754556
Any group that is sceptic about the government, media and banks will be more right than wrong, doesn't matter if it is flat earthers or whatever. They might be wrong about the specifics, but broadly their idea of the workings of the world will be closer to the truth than what you get through established medias and formal education.

>>49753145
This is the last time you're going to have the privilege of buying US government bonds.

Once CBDCs are implemented, you will not be able to easily save money with a negative yield curve.

>>49754556
I mean if you can spin the great reset as a catch all term that includes anything bad happening ever to an empire that's been teetering on collapse for the past 20 years, yeah they were right

If it physically exists, you can destroy it.

>>49755111
/pol/ say everything and its opposite.
Thus, it is always right and wrong at the same time.
In short: its a pointless sea of piss.

>>49755259
>ponzi

>>49755499
I feel like we're making a last ditch civilized effort to cling to the old order before the gloves come off. This isn't in the longterm interest of the average peon. This is a game to be played by the
.001% controlling all the capital.

>>49754694
>/pol
You have to go back

>>49754662
Low IQ monkey

>>49753247
Duh.
Yet you happily took place in the big scam and psyop leading up to this as long as you made money.

>>49753283
God is evil and wants this

>>49751841
So they're making all other coins illegal, right?

>>49755798
they can come and take it
usa will lose all relevance globally if they illegalize crypto and they know it.

You are losing money and you will sleep in a pod, and this is a good thing.

>>49751841
So
Do we unironically buy HBAR now?

>>49753855
>significantly reduce fraud
>they want to reduce fraud
No.

>>49756106
the cia secret police will install any backdoor they need

>>49751841
They've been talking about this since 2020 if I recall correctly. Saw some threads on and off about this on /biz/. Powell mentioned it during a hearing at least once. The goal was to implement it by end of year 2023, though sounds like they might speed up their time frame.

I even wrote a paper for a class on blockchain in June 2021 and mention the feds efforts on creating a CBDC.

Lots of neat things about having a CBDC if done right (quicker payments, faster than SWIFT, maybe easier to do taxes), but also tons of risk and a very real risk of privacy loss if there is a push for a cashless society.

wow look at all the crazy anons that think this was somehow planned. It’s simply a spur of the moment idea they’ve had after the totally random virus appeared from that lab in Wuhan destroyed the economy

>>49754556

Dude, anyone with half a brain could see CBDC's coming. Everyone in the crypto space was talking about it for years. It's the ultimate control tool for people, what government wouldn't jump at the chance to implement it?

>XRP
>XLM
>ALGO
>HBAR
>LINK
Which one will it be? XRP and XLM seem the most likely given the focus on 'international standing'

>>49756636
XLM fared pretty well through all the FUD and disappearance of VC money in 2021, they aren't been assfucked directly by Gary Gensler at least for now, also Dixon went before congress to address crypto and the future of utility. Its still better than Dogecoin

>>49752024
There is animefag, the US military will come kill your family and take your faggot boipucci by force.

>>49752024
USD is backed by the military dummy.

>>49757008
>USD is backed by the military dummy.

>>49757054
>china
lmao, literally will never escape the first island chain no matter how hard they try. Face it chang the US will be the world's super power for at least another century.

>>49753254
>USD gained

Kill yrself lmao

>>49753145
>if you don't have bitcoin you're done for.
They will just make it illegal to buy, sell or trade Bitcoin and then it goes to ZERO. Right now they could care less about it because it's syphoning off all these extra dollars floating around and making them cap gains off it. If you make a million off bitcoin, you owe cap gains on the entire thing, if you lose a million you can write of $3k a year. Heads IRS wins, tails IRS wins.

>>49751841
I'm down if the ledger is audited where the American taxpayer gets to see where every penny goes and is spent, all the money politicians spend, it can be used by the public to end beuacratic corruption but I doubt it will probably just end up a surveillance state where taxpayong citizens pay to have themselves spied on. Look how we have completely allowed social media and isp to sell users data.

>>49755226
Back in your pod no linker

>>49757106
>the US will be the world's super power for at least another century
The United States doesn't even seem poised to remain intact by the end of this decade

>>49757317
And that's (unironically) a good thing!

>>49753247
No, you read someone who explained it to you and have been repeating it you absolute midwit retard

>>49756538
A lot of people want to think they can liberate themselves solely with the right financial investments because the alternative is too scary for them to contemplate.

>>49753234
How is BTC a fiat system you dope

>>49754556
We're right about the FUCKING JEWS too. We are right and it's worse than you think it could be.

>>49757317
pure cope lmao. China's the one that imports most of it's commodities. All the navy has to do is block off the straits and let you starve to death.

>>49757452
It has no inherent value.

>>49757598
Nothing has inherent value

>>49751841
USD is already the Fiat God hehehe SUPER Shmita goy crypto dollar in my Jewish Federal Reserve please tell me IT'S HAPPENING

>Mazel Tov!!!!!!!!

Happy Super Shmita everyone!
You shouldve listened to future anon who they wiped completely off the web after ALL his prophecies came true from the war in Ukraine to market and crypto crash.

He did say BTC was going to $12k in 2022 I couldn't believe but now I know for a fact it will.

He also called Ron DeSantis as next president and now there's bumper stickers 2024.

The anon was NEVER wrong and they wiped him off 4changlers

>>49757008
Only as long as it actually buys stuff. Inability to pay soldiers due to inflation and falling purchasing power was the downfall of the Roman empire too.

>>49757261
This. In theory it could provide unprecedented levels of transparency. But obviously the likelihood of the actual implementation looking like that is very slim. The thing with CBDCs is it’s a very broad term and discussion, there isn’t just a single canonical definition for a CBDC and the properties it has. There are a number of difficult possible ways to implement it, and sadly it’s likely going to be one that is a net negative for us plebs.

>>49757451
Can they be blamed, really? They were raised in a society primed for this shit, to react in such an manner exactly so it would be adopted. It is the government's aim to make the people dependent on it, for obvious reasons.

>>49754662
The shiniest turd in the bowl is still shit.

>>49757578
>All the navy has to do is block off the straits and let you starve to death.
The navy, like all of America's military branches, is a glorified jobs program for minorities and women. Any capable leadership it might have once had has long been lobotomized in favor of diversity commissars. Not to mention there is *zero* stomach for any sort of war among the civilian population considering how we just spent twenty years fucking around in the desert. Just accept that this country is doomed.

>>49757646
>bears are gullible retards
as expected

>digital currency
>shitpost wrong opinion on twatter
>no longer able to access digital currency

>>49757741
Well yeah we're a sea based power not a land one. Why Afghanistan went for as long as it did is a mystery that confuses me to this day.

>>49757008
Wow, then we're doublefucked. The military is a bunch of trannies.

>>49757741
The country is made of hundreds of millions of easily-led minions. They can be whipped into a frenzy quite easily, as they were in decades' past. Even in its state of decadence, America remains the sole military hyperpower. That will not change for decades, if ever.

>>49757657
Eventually that might end being a problem if the government never figures out how to budget shit but that probably won't happen until after I die so who cares.

>>49756962
See>>49757054

>>49757798
So basically what happened in Canada with the trucker convoy.

>>49757598
Fiat means bavked by government force you fucking retard now try using google before posting next time

>>49758078
doesn't el Salvador use it?

Time to put white genetics to good use and find a rich chink to wife. Hopefully not one with a rabid peasant mentality

>>49754662
Onedrigger cope

>>49751841
This is based. Hope they go with GNU Taler.
>>49753145
No it doesn't. If they took the design from the ECash act for instance, they would reproduce the privacy of physical coinage.

>>49758121
El Salvador bought BTC as a hedge from getting fucked by central banks and the IMF its not created by El Salvador

>>49757452
Because isn't backed by an intrinsically valuable commodity like gold. The only respect in which Bitcoin isn't like fiat money is that it isn't widely accepted as payment. Maybe its adoption in El Salvador and Central African Republic changes that.

>>49758367
>cant inflate it (create more BTC)
>cant stop payments
>cant take wallet without the key

Literally get off this board

How long do you the expiration date for one digital fedbux will be before you lose it? 6 months?

>>49754662
Hebrew hands typed this

NOOO BUT BUT CRYPTO IS A PONZI THEY AINT NEVA GONNA USE BLOCKCHAINS AND SHIT! UR ALL PARASITES!!!!

>>49758412
>can't inflate it
You can mine it, but that's irrelevant because that has nothing to do with the definition of fiat money. Quit simply fiat money is money which is not backed by any intrinsically valuable commodity, which Bitcoin is not. Also, you're confusing inflation (a general rise in the prices of goods and services, as measured by the changing price of a basket of goods and services) with increase in the money supply. These are of course related, as increases in the money supply tends to cause inflation, but they're not the same thing. Ironically we've seen rapid inflation in Bitcoin, having lost 2/3 of its value in 6 months, contrary to your claim it cannot be inflated.
>can't stop payments
This is true, and also a feature of the most common form of central bank money (namely physical cash). Such a property is called "censorship resistance", which has nothing to do with whether something is fiat money or not.
>cant take wallet without the key
True, but irrelevant. Bitcoin's security is worse than existing forms of digital private bank money which has reversibility built into every transaction to allow payment reversals in the case of fraud. While Bitcoin's cryptographic security is strong, the endpoints are weak. Millions of bitcoins have been stolen due to people handing over coins to confidence tricksters voluntarily or being victims to device hacks, or having their money on exchanges which were hacked due to poor security practices. Due to transaction irreversibility, victims are unable to recoup their loses.
>Literally get off this board
No thanks, I don't think I will. :^)

>>49751841
I called this ages ago. They were going to crash crypto so everyone would buy their digital dollar. Bitcoin is a piece of shit, but it was a good way to fight against the banks and they can't have that. Fuck them.

>>49756538
How does everybody forgets that China already has a cbdc and it flopped hilariously because russia decided to bully Ukies. BSN failed, the others are going to fail as well.
Their next play happens in the 2030s

>>49758768
>inflation isn't necessarily tied to money supply
t. Retard

>Millions of bitcoins have been lost to people giving their private keys
Have you ever seen a BIP52 Ecdsa keypair?

>>49751841
Literal Hell on the earth, the CBDC is the gate of Social Credit System

>>49751841
What's the point? It would be fully centralized to prevent state actor attacks if it were PoW or PoS so it's obviously going to be fully centralized and basically the exact same as the dollar. If anything it's just so they can more easily view transactions and let their AI figure out if you are buying things that threaten their global power or to stop cryptos from taking off again. This is basically buying a ticket to your own slavery.

>>49751841
I'm going to laugh so hard when we see a mt gox times 100 in this coming year/next year. Just look at whats going on with exchanges and lending platforms with bitcoin. Then the laughter will probably stop when the government has the absolute perfect reference to dump CBDC. This board is going to be a wall of red link shitposters when link plummets to below 50 cents and btc drops below 3k from the chain of liquidations exchanges closing and panic dumping. Honestly it is over and it would be a miracle if even monero comes out alive.

>>49758145
>Hopefully not one with a rabid peasant mentality
Then you need at least a third-generation immigrant, and those are susceptible to woke politics.

>>49753071
Programmable dollars.
The ability to shut off wallets at whim, with less hassle than with a bank.
Total control and accountability of all dollars on a public ledger.

>>49758870
>>inflation isn't necessarily tied to money supply
Of course it isn't. Bitcoin has lost 2/3 of its value in the past 6 months, but that wasn't accompanied by a 200% increase in the money supply. I guess the money supply increased a bit over that time as there are always mining rewards, but quite simply the relationship between inflation and money supply is much more complex than the one-to-one equivalence you're claiming. Prices of goods and services can increase for many reasons, such as supply shocks.
>BIP52 Ecsadadpaidpiadsp
English please nerd.

>>49752024
literally no. I've been posting this for months

>>49759039
>Programmable dollars.
It's programmable based in your behavior, and you know the answer.
The solar storm can't come sooner

>>49753254
>USD gained 16% over other currencies since mid 2021
when people are this stupid nobody of average intelligence has any excuse for being a poorfag

>>49759039
>>49759095
also expiration dates to curb saving, and sliding values based on identity

>Great news! Since Sowlmart qualifies as a minority owned business, your fedbux are worth a whopping 15% more here! That includes the extra 5% discount due to your ambiguous gender! Don't forget to come back before that remaining $2.38 expires at the end of the month.

>>49756636
ALGO. It already has ties to glowies.

>>49758768
Kek you are a massive turd

BTC - 21 million cap
US dollar - half the supply was printed in the last year

Look up what fiat means in the dictionary and get back to me kiddo, the US dollar is gigafucked and everyone knows it

>>49752024
never has been

Cashoids on red alert

>>49754556
I can't believe people like you just figured it out. Biz has been talking about this for years. I get that normies can't forecast for shit, but it's been literally in your face on the daily the past year

>>49759482
Fiat money doesn't mean limited supply. It means money which isn't backed by a valuable commodity. Since Bitcoin isn't backed a valuable commodity it's fiat money.
>BTC - 21 million cap
>US dollar - half the supply was printed in the last year
Irrelevant.
>Look up what fiat means in the dictionary
Ok:
>Money that is not backed by any commodity, but has
value because people agree on its value, and often is established as legal tender by government fiat.
As Bitcoin is not backed by any commodity and has value because people agree on its value it is fiat money. Notably asset-backed stablecoins are quite clearly not fiat money.

>>49756636
It won't be any of those. It's unlikely to use blockchain. Many different potential designs have been explored. One of the most interesting is ECash (https://ecashact.us/)), which replicates all the privacy features of physical cash, such as censorship resistance, instant and offline transactions. The double-spend problem is solved by use of hardware tokens and unclonable functions. There are other designs, such as GNU Taler which the Swiss central bank has explored. It would not use a blockchain, but a central verifying authority. It uses blind signatures to maintain privacy of transactions.

>>49759593
>BTC is inflationary! The value dropped

Thats volitality not inflation.

>backed by government

Exactly my point. Are you a shill or geniunely retarded.

Furthermore, in BTC the tech itself is the value.

>irrelevant

Kek ok champ. See you when it costs 1 billion USD for a loaf of bread

>>49759039
>The ability to shut off wallets at whim, with less hassle than with a bank.
>Total control and accountability of all dollars on a public ledger.
retarded schizo takes like this is why no one takes you chuckle fucks seriously
the biggest/worst thing to come out of CBDC would be negative interest rates but we will not live to see this in our lifetimes
UBI is infinitely more likely to come before they even advertised the possibility, which is the only real move you should be contemplating
this is like when people saw the NSA leaks and cried NWO even though that tech was practically unscalable and was explicitly targeted at persona non gratae, never in the collective sense
tired of trying to explain this shit to you smoothbrains, go read the bible or some shit

>>49759039
This, they could control where you spend your dollars too.

>>49755410
You'll save money by investing.

>>49759779
>your transaction has been declined due to your Twitter posts

>you have lost 500 dollars this week for not spending it within the month

>your payment chip in your right hand has been declined

>>49757261
>>49757702
>mfw XMR was the glowie coin all along

>>49759593
>Fiat is unbacked
Fiat means an arbitrary command. It may or may not be backed. The reason fiat is bad is because the state is a false god and the only limit to fiats absurdity is the evil or ignorance of your god.

>>49756636
It’s built on ALGO but the worldwide settlements system will be built on XRP.

>>49756726
Or it was a calculated move to take XRP largely out of the market because the last thing you want when building the backbone of the new global settlements system is a bunch of retail apes fucking with it.

>>49754662
>1 post by this ID

>>49759756
>n-nuh uh that's volatility
Inflation is a general rise in prices of goods and services. I think you will find that if you measure the price of a standard basket of goods and services in Bitcoin then it has increased over the last 6 months.
>backed by the government.
Who are you quoting? I don't believe that phrase appeared in the definition I quoted, or even in my post at all.
Let's return to that definition shall we:
>Money that is not backed by any commodity, but has value because people agree on its value, and often is established as legal tender by government fiat.
>and OFTEN is established as legal tender by government fiat.
The word "often" in this sentence denotes that while this is usually the case that fiat money is established as legal tender by the government, this is not intrinsic to the definition. Note that this does not even say that the governments often issue fiat money, rather that governments often establish them as legal tender. Regardless, if the word "often" was replaced with "always" in that definition Bitcoin would still be fiat money as the governments of El Salvador and Central African Republic have established Bitcoin as legal tender in their respective countries.
>Furthermore, in BTC the tech itself is the value.
The technology on which Bitcoin runs is valuable, but ownership of said technology is not represented by ownership of a Bitcoin. Bitcoin is not backed by a valuable asset. Unlike paper money which can be burned for fuel or used as a fabric as has been done with worthless notes in countries with hyperinflation, Bitcoin is not even worth the paper it's printed on, being just a record in an extremely inefficient database.
>See you when it costs 1 billion USD for a loaf of bread
Yes, we'll speak more then okay?

>>49759918
you are literally retarded if you think this
or underaged
they can already freeze all your assets and transactions if you are deemed a person of interest, your obscene overstatement of twatter gives it all away, this is a 10 year old's understanding of a world government/NWO/da jooz/whatever the fuck you mongoloids think this is
your mongoloid ancestors were literally making these exact predictions thousands of years ago, maybe in 2 more weeks you can get that "I told you so" moment you retards are dying for

Jfc you low IQ monkeys.
Bitcoin was created by the NSA.
The Us gov is outright telling you at the same time three things.
The dollar is fucked.
Stable coins are bullshit
BTC should be regulated and adopted .

They want the digital Fiat and digital gold system to compete with the brics . It allows them access to all markets that actual gold can't penetrate.

Powell, yellen, bipartisan senators , state govs adopting.

Bitcoin is the bad guy. It helps facilitate a reduction of industrialization and reduction of population. The fiat ponzi has facilitated the greatest productivity in human history and lifted more people out of poverty than anything before it. But it's run its course.

This is the great reset .

>>49760143
Someone who finally understands.

>>49759942
>Fiat means an arbitrary command
Irrelevant. We're discussing the term "fiat money", not the individual word "fiat".
>it may or may not be backed
No, you're confused. "Fiat money" specifically refers to money not backed by valuable asset.
>fiat bad because state bad
Fiat money does not have to be issued by a state. Bitcoin is an example of non state-issued fiat money.

>>49760046
>6 months

Now zoom out

>>49760081
>freeze yr assets

Not with crypto

>>49754556
Wait till the singularity happens in 2027.

>>49760453
>zoom out
Why would I zoom out? My claim was that Bitcoin had experienced inflation over the past 6 months. Only the past 6 months are relevant to that claim.
Before Bitcoin began this inflationary period, it experienced deflation. So what? Inflation is still inflation even if it follows a deflationary period.

>>49751841
>A US central bank digital currency is being examined
Are they referring to USD, which has already been digital for decades or do they just not know what common English words mean?

>>49754662
>value of shitcoin A going up against shitcoin B
>value of trash fiat A going up against trash fiat B
usd "moons" despite the fact it takes 20% more usd to buy the same shit as a year ago

>>49756538
>federal reserve
>government
REEEEEEE

>>49760655
Digital dollars in your back account is private bank money, not central bank money. Private bank money is more like a debt owed to you by the bank which is paid in central bank money when you withdraw cash, but they're not the same thing as you would discover if your bank was insolvent and unable to pay withdrawals. The only existing central bank money consists of coins and banknotes. The aim of a CBDC is to create a digital banknote which is central bank money itself, not a liability which can be redeemed as central bank money. Private banks have central bank accounts which may be digital, but that doesn't count as money because only banks may have them. Some proposed designs of CBDCs would give everyone a central bank account, although these would face strong opposition from private banks who would be disintermediated.

>>49760833
>Private banks have central bank accounts which may be digital
They are digital, not "may be". They already exist. They've been around for decades. You niggas can't read, lol.

>>49760833
>Private bank money is more like a debt owed to you by the bank which is paid in central bank money when you withdraw cash
A debit card is nothing more than a reloadable gift card for the money store

>>49751841
I was just browsing wikipedia for fun, and stumbled across this interesting tidbit. Good anniversary to make a nod to, maybe, if a day late.

>>49754556
Schizos are always right anon, wait till you find out which crypto they are going to use to connect internationally the CBDCs

>>49760906
Sure, but little information about the details of central bank accounts is public they're only available to commercial banks.
>>49760921
Precisely.

>>49760505

>>49761004
Is it xrp

unimpressedapu.png

>>49751841
Beast system has arrived, it's over.

>>49761004
price prediction on xrp

>>49753254
USD is still down over 90% against ETH if you adjust the timescale.

>>49751841
its been fun shitposting with u bros.

>>49761004
None of them, they are making their own if you read the fednow information "The use of ISO 20022, a global standard for payment message specifications, was a strategic decision in building the FedNow Service and a foundation for broad interoperability across the domestic ecosystem and across borders in the future. The FedNow Service will leverage the FedLine network for secure connectivity, which today connects 7,000 financial institutions and processors to the Fed’s critical payment and information infrastructure, services and applications, such as ACH, wire payments and Federal Reserve accounts." Here's the takeaway from this, the iso coins out there were basically a beta setup, they already built their new system with the tech, they will not be using any of these cryptos with iso claims. The only speculation is the wallet for the future CDBC that will be a reserve currency of the united states, and that is most likely MTL/XPR/LOAN with their kyc wallet in play if you want to do some research, it's a gambe, take it or not, you not buying is a cheaper price to dca later for me, source for the iso bit left below, have a good read.
https://www.pymnts.com/news/payment-methods/2022/fednow-pilot-brings-new-features-use-cases-for-instant-payments-in-23-and-beyond/

>>49754694
take your fucking meds you're a schizophrenic fruitcake worked up about an imageboard, so pathetic

>>49752964
everything will be fine

>>49754556
The only difference between /pol/ and /biz/ as that we try to profit from the chaos rather than just screech about it.

>>49759779
A glowniggers hands typed this

>>49754662
>dollar is strengthening like crazy

US CBDCs built on top of the XRPL.

>>49763955
Catcha: S0AR and got dubs

XRP going to soar!

>>49754556
>>49754694
>>49755111
>>49755254
>>49755357
>>49755499
>>49757498
>>49759587
>>49761004

/pol/ didn't predict shit. This has been an ongoing prediction way before /pol/ existed you naive fucks

Cope, seethe and touch grass

>>49757054
Remember that Kadryov-stan who was mocking the they/them army and Rossiya stronk!, and now we're four months in to an artillery slog for the history books?

>>49760143

>gold; gods money.

>>49753254
Faggot, why did you not sell when ETH was at its good time? Don't worry anon you still have some chance just wait for EQ and be bailsmen that will surely help you regain your losses.

>>49752964
zomg im so scared rn uwu

>>49762347
USD is a currency. Eth is horded by speculators. I wonder why one increased in value so dramatically.

>>49751841
https://www.youtube.com/watch?v=gjKQKnCUYkE

>>49756636
>braindead zoomers still think they cant start their own chain
This is sad

>>49751841
CBDC becomes the stablecoin
current crypto becomes the stocks
regulated more, it pumps
you'll still have XMR and infinite other shit on the side
this is literally what you've been waiting for, the signal that you truly are early.
just take what you can get. no current crypto is going to become the global currency

>>49752024
The USD is being pumped before being dumped kek.

>>49752024
i'm real excited for the new features the team has planned for $USD, totally worth buying in the event Bitcoin doesn't do well

>>49757242
>they could care less
You fucking retard, it's COULDN'T. They COULDN'T care less, you illiterate scum.

>>49758768
No, seriously get off this board. You are too stupid to participate

>>49759779
It's not a schizo take. China made payments everywhere WeChat based so they could easily shut people out of the economic system whenever they want. This has actually happened in a modern wealthy country.
The US gov can currently only lock you out of assets they know about, and can't tell every single business to stop taking money from you. A unified electronic currency solved this problem from them and you're dumb as fuck if you think a government agency known for doing nothing but manipulating markets wouldn't endlessly play with this new lever.

>>49752024
not after 1913

>>49756636
>>49759952
>>49759974
>>49761194
>>49761784
>>49763955
>>49763989
I quit coming to /biz/ after I realized 90% of the threads are blatant shilling of shitcoins to no end.
I was here a lot in the summer and the XRP community was a major factor in my decision to not come here anymore. Linkies did to an extent as well but XRPies are worse.
Someone could give a long drawn out and factually accurate explanation of what would have to happen for xrp to moon to even 3$ and why it was fraudulent. The post would get a dozen responses of
>stay poor
>when you know you know
>he doesn’t know
>keep coping faggot
>2000eoy
Or some equally long schizo post explaining numerology, using bible scripture and random posts here explaining how by end of year we will be at $150-2000$.
Here we are.
After seeing the dump today I came here just to watch the seething and suicide letters. It’s beyond EOY, trump didn’t win(unfortunately) they were in court and got BTFO, no more use cases and all the dirty laundry is out in the air now.
It’s not the standard, it will not be the standard. The world will not be adapting it as a reserve currency (as was obsessed over for months/years) it will be going to near 0 and delisted.
I will enjoy watching it burn every step along the way.
Why?
Because you fucking idiots deserve it all.

>>49767124
Stay poor incel