/biz/ - Business & Finance

>>52455332
where can buy SETL and RLN coins?

>>52455538
They'll be deposited into your account after ww3 anon.
Don't worry though this is just the goyim version ensuring control via Chainlink
The real version will run on Ripple

>>52455538
You can't. The outer tokens are owned by the US Treasury. When it goes live, you'll automatically be given a wallet by your participating fiat bank, where you can exchange your dollars for digital dollars. You will not profit. You will not run a node. You are merely a user.

Crypto was always a trojan horse for CBDCs and to lead people away from gold.

>>52455332
>link being used by trade bank in UK for British pound stable coin price feed
>uk pajeet bullish on cbdc
>SWIFT gpiLink = Link
>CCIP
Gee, I wonder if it is merely coincidental that all the digital dollar/cbdc projects are being announced right as Link is about unleash the full power of their utilities.

I'm unbothered, don't buy link idc you probably couldn't afford to anyway.

>>52455613
Look into Canton domains, it's basically an oracle protocol. Link isn't needed by what the Fed is choosing.

>>52455332
Yeah bro I'm sure some shitcoin dev would chose to launch on a FED NETWORK instead AVAX or BNB
>heh they'll make it illegal
In US

>>52455608
CBDC is an attempt to subvert crypto and everyone in crypto understands to stay away. If anything crypto educated people on why CBDC is shit and btc is king

>>52455332
>XRP
>not needed
How will you exchange between CBDCs of different countries?

>>52455332
Didn't SETL file bankruptcy 3 years ago? How are they still around

>>52455646
Canton domains provide interoperability between chains.

>>52455645
pretty delusional thinking any significant perfentage of dog coiners care about the tech and realise what are the implications of cbdc. after all they all lost their money by holding on ftx when self custody was just a couple clicks away

>>52455332
>kills every coin except btc and xmr
Fixed

>>52455332
>>52455627
Listen kike, SWIFT says Chainlink. SWIFT will not go away no matter how hard you screech, and we will not sell no matter how hard you screech

>>52455698
Right, I agree, which is why I didn't mention BTC nor XMR. The powers that be will want to keep BTC and a few other "commodity" coins around to legitimize the Fed digital dollar and its interoperability with existing assets. However, any token that is classified as a security will be fucked.

XMR and other true privacy focused coins will find their niche as the only escape from the prison world governments are creating with their CBDCs.

>>52455645
you are very naive

>>52455332
2 weeks

https://www.youtube.com/watch?v=--UntiMg1SI

>>52455645
> crypto is full of scams!
> the government should have crytpo!
imagine the biggest, most unethical scammers on planet earth having their own shitcoin, and forung everyone to use it.

>>52455704
I hold a bag of LINK and just like you I'm caught off guard by this. I think Chainlink was merely a template chosen to highlight what the future network would be able to achieve. It was never a given. The Fed and other major banks want a system they truly own from top to bottom, without existing shareholders. LINK isn't needed once you read the RLN and Daml whitepapers. You'll see.

>>52455814
CBDC wouldn't be crypto

The music has officially just stopped and every single one of us is holding the biggest bag of bullshit ever conceived .
So many hours
So many wasted opportunities
Fuck me

>>52455827
This Fed CBDC is using a cryptographic blockchain. But the public doesn't have access to the top level tokens, these are held only by the US Treasury and regulated liability issuers. Only the government and regulated banks can run nodes.

>>52455332
Are you serious, have you not been paying attention boy?. Swift partner with chainlink on proof of concept just as huge cbdc trial starts. Sergey is about to drink everyones milkshake

>>52455898
I am serious, read the links in the OP.

>>52455743
https://twitter.com/ChainLinkGod/status/1245107536635686914

CLG tweetet at Digital Assets founder in 2020 and it seems like his solution is a dumbed down version of chainlink

>>52455933
As of 2020, but Digital Asset's Canton domains have evolved quite a bit since then. It's almost 2023. They've been working on it this entire time.

>>52455332
So do I take all my money out of the bank now or not?

>>52455816
source on white papers pls

>>52455945
https://www.youtube.com/watch?v=XYjHng_KL4g

pretty sure DAML is just Chainlink but private I wonder if it will use Chainlink in the future

>>52455332
Why exactly do CBDCs, under the purview of a central bank, make decentralized currencies and blockchain projects, which have value specifically because they are not under the purview of a central bank, obsolete?

>>52455945
i dont get this though, remember that citi bank white paper stating that link would surpass btc in valuation?

>>52455909
>https://www.newyorkfed.org/aboutthefed/nyic/facilitating-wholesale-digital-asset-settlement
can you fucking read your own shit anon?
Do you remember swift saying they were starting a proof of concept with chainlink in coming months at smartcom...and then in those coming months this cbdc trial start

>>52455694
Doge will be used to spend btc on twitter or something maybe

>>52455965
https://setldevelopmentltd.box.com/shared/static/18mff2m990qabgzseiex3h7itq7qdnls.pdf
https://www.canton.io/publications/canton-whitepaper.pdf

>>52455987
It's not Chainlink, as evidenced if you actually go to the website I posted in OP. It is a smart contract language and SDK and the Regulated Liability Network is its own blockchain, nothing to do with Chainlink.

https://docs.daml.com/index.html

>>52456096
thanks. this doesn't make sense(havent looked at the links yet). are these just private chains, they would still need an oracle to interact with public infrastructure or everything else
>>52456110

>>52456067
This is separate from the trial Swift is conducting with Chainlink. You don't need Chainlink if you use Canton.

>>52456127
the tweet I posted suggests it's a private on chain only service, not comparable to Chainlink and what it will offer in the future

So the thread is really just about a bunch of 2018 link fags panicking because they were literally banking on the assumption that Link would be the official WEF token? KEK

>>52455627
So are you telling me a .sol oracle is going to have better tech than link? Also, do people really not understand that a multichain ecosystem will continue to exist? You think fedcoinies don't want to be integrated with crypto at large via CCIP?
>>52455704
Gee I wonder if the SWIFT in house oracle built on link tech will be transacting value to fed coins
>>52455816
again, I doubt anyone associated at this point with FTX and Alameda will be leading the pack for trust assurances and security. You're the one who will see buddy!

>>52456157
i still think they their chains would need a way to interact with other chains and everything else in the world. what am i missing.

>>52456110
Yes it's not Chainlink itself but since Digital Asset was a partner of IC3 which Ari Juels was a part of.
I believe DAML was created with help of the Chainlink team and that's why there's so many similarities

>>52456152
As the old proverb says "you can take a horse to water but you cant make it drink"....i suppose this also applies to fucking retards

>>52456215
Yeah, I imagine people are going to be in denial over this for quite some time, until it actually goes live.

>>52456204
Did you people forget who incubated and launched Arbitrum at their conference, or who the CEO of Arbitrum is and who he worked for? Ed Felen was the White House Chief Technology Officer under Obama?

Arbitrum is dominating L2 activity. They're accelerating the usability of shitthereum. Sorry if you believe OP you are out of touch unfortunately.

>>52455573
+10 NATOkens for every russian killed, online shills get weekly airdrops per piece of misinformation they debunk

>>52456193
Sol really was the fedcoin all along
funnily enough, Brock Pierce's compound that he wanted to turn into a "Crypto Utopia" was called Puertopia (translates to Boy Love Land) and was renamed to SOL

just a fun fact

>>52456228
Im saying you are the fucking retard anon

>>52456254
OP is right in the fact that they don't use Chainlink directly but I highly doubt this 12 week test run is the final version of things.
CCIP isn't even out yet but I can imagine that Canton+Digital Assets solution is just the predecessor of what Chainlink will provide

>>52456204
I never said they that Chainlink may have contributed, but it's not using Chainlink. Your existing bag of LINK tokens will have no use in this system. You will not be able to run a node for this system.

>>52455613
>link
But ser, token not sneeded

>>52456290
And I implied you're retarded and in denial.

>>52456283
source? sounds like bullshit

>>52456321
https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

>>52456299
>your existing bag of LINK tokens will have no use in this system

It dissapointing to realize you're just trying to fud LINK, I thought this was some kind of intellegent discussion on the matter

What language do you speak at home?

>>52456364
I'm not the one who made LINK the focus of this discussion, it was you LINK holders who turned it into one because of your insecurities. I mentioned a plethora of tokens in the OP.

BASTERDS

>>52456283
I know about the deep state cabal behind these grifters, but do you really think SBF becoming a public failure with all of his crimes stored in saved tweets and on chain transactions was part of the plan?

I can see it as feasible in the sense that it was built to fail to hurt the industries credibility to usher in a state backed solution(create problem -> propose pre-baked solution), but desu I don't think SBF melting into a visibly broken amphetamine addict was part of this plan.

They wanted to maintain solvency while being able to take out competition with regulations. They almost certainly have failed before the final stages of their plan could be completed.

time to invest in DeFi before its too late
>Monero: so they cant track your “carbon footprint”
>BitDAO: complete decentralization and self governance
>Ethereum: for dApp development

>>52456184
Yes, basically.

>>52456397
>ETH, XRP, LINK, ADA, SOL, DOT, BNB, HBAR,
>I did not make this thread

>>52456447
I genuinely think the collapse of FTX and the death of Nikolai Mushegian are directly connected and this was an exit plan to quickly move money out of the operation
probably to avoid possible foreign intelligence agencies checking in to see what's going on, which is common

>>52456464
I didn't mention only LINK. I mentioned all of the popular tokens that the RLN will replace.

>>52456184
>he doesn't know link was mentioned by name in the fourth industrial revolution book published before anyone had heard of WEF or Klaus
>Discounting SWIFT entirely
>Assuming that crypto is dead because we are final reaching the bottom of the bear market
I can totally understand why it seems ridiculous to you, but we've poured over the details continuously for nearly five years and everything has come to fruition.

Do you really think people like Eric Schmidt aren't in the know on how these technologies will develop? He advises the White House.

>>52456533
Face the music. Your LINK bag is worthless. Your LINK tokens aren't regulated by the RLN. Sure, ideas from Chainlink have been incorporated into the Canton domains, but that doesn't mean your LINK tokens have a purpose in the new system. Are you really that naive to believe they (the banks) would give away the keys to the kingdom to peasants such as ourselves, you included? Of course they aren't going to do that. It's over.

>>52456599
Are you really naive enough to think this would phase anyone who knows the backgrounds of core figureheads between chainlink/arbitrum? I think your main mistake in veiling this as something other than a Link FUD thread may be this silly belief that the blockchain industry is going to be composed of a singular provider.

Wake up!

>>52456673
Just because people rub shoulders and a team of devs from Chainlink participates in the design of the next system (RLN) doesn't mean your bag of LINK is going to make you rich.

>>52456778
Show me where the link holders who this thread is not about hurt you, OP

>>52456851
Show me the look on your face when you wake up XX days from now and realize LINK has gone below $1.00

Cbdc was never the plan for hbar, we are targeting companies. The fed printed money before and they will print it after, nothing can be done about this cartel. I’m buying Hbar because I know the world will be tokenized.

>>52456899
This also replaces HBAR, the Canton domains allow companies to create GDPR compliant transaction domains for their customers and allow them to create smart contracts, issue tokens, etc. so long as they are in compliance.

>>52455332
XMR chads win again

>>52456872
>posting o link meme
>not a link fed thread
I commend you for at least trying

>>52455332
>another "Shook them off" attempt
Nice try
Accumulating more XRP on my next paycheck

>>52455864
>This Fed CBDC is using a cryptographic blockchain. But the public doesn't have access to the top level tokens, these are held only by the US Treasury and regulated liability issuers.
So the plan is for (((them))) to hold the real coins and you only get some monopoly funny money.

>>52457122
I'm telling you bro, we're fucked. There's no evidence that our LINK tokens are going to buy us a seat at the table, and after reading the Canton whitepaper, it's clear there's no use for Chainlink.

>>52457134
The SEC v XRP case development today is good, SEC did fuck up. Regardless, it doesn't matter what the verdict is, the Fed isn't using Ripple as their CBDC. They're using RLN smart contracts, with the CBDC stablecoin being a layer 2 contract on this network.

>>52455827
are you stupid?

>>52455332
>12-week proof-of-concept project

>After the 12-week test, the banks will publicize the results, they said in a statement, though lenders “are not committed to any future phases of work” once the test is complete.
Op is a hysterical faggot *yawn*

>>52457197
>So the plan is for (((them))) to hold the real coins and you only get some monopoly funny money.
Yeah. You get some layer 2 US digital dollar stablecoin tokens in your wallet, or you can exchange them for other layer 2 tokens that might represent digital assets like a housing ownership affidavit, insurance contract, digitization of tradfi company stocks, options, warrants, bonds, treasuries, regulated in-store credits at the local grocery store, in-game credits for your favorite MMORPG, etc. etc.

I imagine you'll be allowed to bridge them out to a non-regulated network (with stringent KYC controls) at your own risk. You will not be able to acquire the layer 1 tokens the network used for staking nodes to authenticate transactions. Those will be held by the regulating authorities and accredited liability issuers.

But it's going to be just like what happened on Everquest back in the day. You originally could do PvP anywhere and gank players, but after a few years they segregated the areas of the world into PvE and PvP zones. Most of the players migrated to the PvE areas and rarely ventured into the PvP zones after that. Same thing will happen here. There's no need to go outside of the safe regulated network provided by the government if they cover all of the bases that companies need. Every transaction will be tracked. Every capital gain will be taxed. Most people and almost all companies will stay inside of the Fed's RLN. After all, they have to comply with the tax laws and such, the RLN will make it much easier and automatic for them.

>>52457401
>>52457410
It's a trial. It's not merely a proof of concept. SETL and DigitalAssets have been working on this for years with CitiBank, Bank of America, Wells Fargo and others. This is their opportunity to demonstrate what it can do to the Fed.

Ok so how the fuck do we prepare our asses and assets before this shit rolls out and we're trapped in the system?

>>52457673
I'm think that if most existing crypto is going to die, then you need to diversify into physical commodities and real world assets, maybe hold a small bag of BTC and/or XMR. Burry is right. Buy gold. Buy silver. Buy land, a house, cheap equities that will become valuable in the future.

>>52457731
You're a sheep

>>52457750
No, I'm thinking ahead. If this goes down, it's crypto winter for good. It's like the dot com crash of 2001, most of the dot com companies died, only a few survived.

>>52457781
>No, I'm thinking ahead.
Sheep, you litterally posted a pic of cassandra's tweet and told others to follow his lead. LOL

>>52457820
Fine I'm a sheep. But holding most DeFi tokens is pointless at this point.

>>52455332
>Link is the actual mark of the beast
Holy fuck the schizos were right all along AAAAAAAAAAAAAAAAAAAAAAAAAAA

>>52457913
So I hope you sold everything. You did sell all your crypto right?

>>52457460
In such a system where will those in power keep their money though?

I was thinking that they will allow tier1 to tier2 transactions along with USD to tier1/2 transactions. Tier2 will start as ebtcoin, citicoin, facecoin, etc. Use of these coins will be incentivized by giveaways and slowly moving the exchange rate in their favor.
Until some planed events happen and only Tier1 retains any worth. This way they get:

Easy adoption.
Strengthening their multiracial demographics.
A store of wealth for them.
Eventual complete control.

>>52458029
You've almost got it. But the main US digital dollar CBDC will also be just a tier 2 coin. You will be able to bridge your traditional US dollars in for it. Tier 1 will be issued/minted by the Federal Reserve to the US treasury as needed, which in turn will delegate to registered banks. The Fed and its underlying banks will still create the money supply by then minting tier 2 digital dollars. The tier 2 digital dollars will be debited from our wallets for transaction fees or taxes.

>>52457262
>BNY Melon was at Smart Contract Summit 2022, they're a member of the Regulated Liability Network.
>Citi said Chainlink could capture more value than anything else in crypto. They're in the Regulated Liability Network.
>RLN is running on AWS infra... Guess who just launched a quick launch chainlink node? AWS.
>CFTC was at Smart Contract Summit
>All of the dates for SWIFT x LINK intro projects line up with this timeline
Huh it's almost like you have no idea what you're talking about or are being intentionally disingenuous, as though you are actually privy to some secret not contained within institutional papers and press releases. Well go on then, spit it out? Own Link for good in this thread that is not about Link.

>>52458183
You aren't going to run your own node or stake LINK for tokens in the new system. No free money for people who thought they could by their way into the new system.

>>52455332
>CBDC kills most altcoins.
NO IT DOESNT YOU STUPID DUMB NIGGER IT GETS THEM IN THE FUCKING DOOR READY TO LEARN ABOUT AND BUY MOST SHITCOINS
YOU DUMB FUCKING NIGGER

>>52455332
Imagine thinking BTC wasn't the CBDC trial run. It was obviously made with mass surveillance in mind.

>>52458256
If Western central banks actually try to push cbdcs as a replacement to fiat there's no way they'll leave such an obvious alternative open and accessible as crypto (or physical precious metals).

The sentiment of most people who know of CBDCs is extremely negative and people including a lot of normalfags will try to escape it if it were pushed. They'll probably try to do something similar to what they did with the covid injections - entice people with a carrot and then come at them with a stick if they don't do the needful.

Which could mean offering them e.g. a digital cbdc wallet with 100 free goybucks in it and then later freezing/fucking with the currency of any remaining fiat holders under the guise of some monetary or financial crisis to try force them over. Can't leave an avenue for those types to bail.

>>52458226
you're unraveling.

>>52458356
Btc was proof of concept of decentralized peer to peer electronic equivalent to cash created in response to the GFC. It wasn't supposed to be some weird investment class like it has become but either directly iteratively improved or improved on by competitors (e.g. xmr and privacy).

The problem is nowadays most people lost sight of the point of what BTC was trying to achieve and are more focused on using crypto to make fiat

>>52455627

It's just another centralised shit, like pyth or whatever oracle that came before it. Im so tired of people flogging "competition" that cant even do the same thing without being way lower quality and centralised.

Yes, i just read the white paper.

what will happen:
they will use a centralised oracle for their CENTRAL BANK DIGITAL CURRENCY. no fucking surprise.
The ecosystem outside of this involving chainlink will be vastly superior.

>>52457781
>If this goes down, it's crypto winter for good.
again, why do you think this?

>>52458433
>there's no way they'll leave such an obvious alternative open and accessible as crypto (or physical precious metals)
they don't have the power to tell people they can't exchange goods and services through whatever means they will accept as payment. you are a fag. and this thread is gay.

After thoroughly skimming through this thread, my new question is how this affects my Link and should I buy more?

CHAINLINK
TO
ZERO

>>52455608
Somebody is paying attention

>>52457750
holy fuck you. sheep this sheep that. stfu.
fuck all of this. i rather have wealth than all this imaginay shit. fuck crypto, wished i didn't jump back in and this stupid thread to come across shitholes like you

>>52458653
fucking read this whole thread again moron

>>52458691
The u.s. government confiscated all gold in 1933. It was illegal for u.s. citizens to hold gold bullion until the 70s. They'll do it again.

>>52456872
Yea to be honest I sniffed this out as a fud thread immediately. You did decent this time though you’ve improved.

>>52458691
this is a retarded take anon. have you not looked around and noticed how fucking programmed most of the people around you are? a simple propaganda blitz is all the people need to have their mind made up about it. make crypto illegal....tell people crypto is bad....most people will believe it just like they got the shots and raised ukrainian flags.

>>52455332
Xrp will go to 2k eoy

OP is massive fud faggot, choke on dicks OP

>>52460048
they've been doing that for 10 years, faggot

We told you 5 years ago to buy link for a reason.

>>52455332
thanks for my morning depresso op

>>52459539
>The u.s. government confiscated all gold in 1933
No, they only took the stuff in banks, and whatever the dumbest goys turned in. And even after 1933, americans were still buying euro gold, which created a big market for austrian corona coins and swiss 20F coins, which is why there exists many restrikes of those coins.

>>52461243
This is all true - but it made trading in gold far more difficult toward functionally useless as a medium of exchange in most day-to-day transactions, and risky in trading anything most substantial. Yes, long term thinking Americans held their gold, and continued to accumulate gold, but even their gamble didn't pay off until about another 40 years later when dollar finally well and truly decoupled from metals.

Of course, this isn't to say metals bad/worthless. just a matter of scale and perspective. The situation now is even worse though because compliance with government is far more pervasive. In the 30s a philosophy of individual responsibility was still strong, and the proverbial military industrial complex hadn't been properly installed until eisenhower. So as difficult as it was to make use of gold between the 1930s and 1970s, it will be even less useful should gov ever decide to constrain gold again.

>>52455332
>The project, which is called the "regulated liability network", will allow banks to simulate issuing digital money representing their customers’ own funds before settling through central bank reserves on a distributed ledger, the New York Fed said.
Not really seeing the point here, they basically already do this with regular digital dollars and old-school databases. Most of the appeal of a distributed ledger system is that it's specifically outside of government control and therefore not able to be inflated at the whim of bureaucrats or bankers

Thinly veiled Chainlink fud thread. Well done op, you’ve improved by throwing around a bunch of red herrings like they throw salmon at the pike place market. Next time, make sure you stay composed and do a bit of research and perhaps actually read through the website when it comes to those links you posted. Have a wonderful evening.

[they] want us vulnerable

>>52458226
I don't know if your are a shill spreading FUD or you really like to live in future intricate scenarios where doom is inevitable and nothing could ever go well.

>>52461878
[they] cut the power

>>52455645
>everyone in crypto understands
AAAAAAALOLOLOLOLOL

>>52455332
>"token not needed"
Wrong. CBDC's are not Crypto's. They need another protocol to run off of.

Just like the stable coins. USDT or USDC are not crypto's. They use the ETH network for settlement. That is why you pay ETH gas fees when you do transactions.

All CBDC's will have to run off the backbone of another Protocol. And its not gonna be ETH.

>>52461962
Wanna know something about CBDCs? They don’t work without interoperability.

>>52460514
so you could break even 5 years later, just to get dumped on by the fed when this is implemented? lmfao

>>52461962
how do you know it's not gonna be eth?

>>52462014
They been testing CBDC's with ETH in Korea and they said its way too slow even after going PoS

And the fees are still too high.

>>52457262
How do rnl smart contracts talk to other chains or real world stuff?

>>52456447
more like, were made to fail by the actual non-retards who were sick of watching wall street stooges fuck up humanity's evolution

>>52461983
https://www.cypherium.io/digital-currency-interoperability-framework-dcif/
Guess who they are partner with

>>52459297
What is in Arizona?

>>52455332
This means that BTC will be the only viable investment once it happens, literally a golden diamond cock of potential

>>52455859
you're safe if you hold HBAR

>>52462149
just tell us please -_-

>>52463239
why HBAR. shill this crap to me like your life depends on it right now

>>52456110
Daml is based and DA have a lot of OGs in their network.

Bullish for HBAR

Bearish for HBAR

Barish for HBAR

>>52458691
(((They))) also didn’t have the “power” to force people to partake in experimental vaxxs but we all know what happened. You know to but you’re too much of a glowfag to admit it.

>>52461611
It wasn't useless, anyone could just leave the US and take their gold with them. Granted they could do the same with dollars too, but now dollars are a shitcoin. So it actually makes more sense to have gold now than it did back then.

>>52455332
>ETH, XRP, LINK, ADA, SOL, DOT, BNB, HBAR, etc. all now have "token not needed" status
imagine my shock

kek. RIP xrpschizos, stinkies.

>>52455332
Will CBDC pump like altcoins and make me rich?
If not then crypto is not going away.

>>52456067
>can you fucking read your own shit anon?
i think OP fails to realize these banks that are conducting their trials are on a different tier than SWIFT. ultimately it doesnt matter what they use privately/internally. globally, SWIFT is the end all, and they roll with LINK

>>52458226
>>52458513
most eye-opening exchange ive seen on biz if you want to learn to decipher whether or not an OP is indeed being a faggot (they usually are). 7PJ, well done sir

>>52462809
godaddy

>>52458513
>>52463886
No. I was tired and went to sleep after my previous post. Now that I'm awake again I have this to say: I've given you the information and if you want to remain in denial, you do so at your own peril. If anything, the exchange that has taken place in this thread shows the amount of ignorance people have when it comes to how cryptocurrency actually works, what governments expect from it (i.e. no existing holders before launch, as that would be equivalent to premining), or how easy it would be to use the same technology, but restart a chain from zero with a different seed. Keep huffing the hopium I guess.

>>52455743
privacy tokens are the fucking lifeblood of this shitty ass market, argue all you want but then Sylo, Qredo and other privacy projects are doing a pretty ass job in pulling out the fangs of FEDs and CBDCs with their regulatory shit.

>>52463778
No, they are the same thing as a stablecoin. Just issued by a countries central bank.

>>52463886
I'm sorry how exactly have your eyes opened by OP's posts? he literally keeps repeating the same coherent argument plus evidence and you're all in hardcore denial
>muh breadcrumbs indicate this is wrong, sweaty!!
the most retarded and delusional community in crypto, ladies and gents

>>52456045
Op is a retard. A cbdc will unlock the power of permissionless protocols

>>52455332
Bullish for privacy coins like 0xMonero and DERO.

>>52455332
https://imgur.com/a/cAilo40

Fedcoin will just be like usdc but without the risk of losing the peg. You'll also be able to pay with it everywhere.

>>52464924
Why are so many of you merely regurgitating your programmed conception of what you thought the Fedcoin would be, instead of reading the links in the OP?

If you read what it actually is, it's an entire Eth+Link replacement:

https://www.newyorkfed.org/aboutthefed/nyic/facilitating-wholesale-digital-asset-settlement

This thread has unbelievable levels of hopium. There won't be a crumb of blockchain technology in this Fedcoin, it's all going on a shared database. Every article I've read about it confirms it and there's no reason to believe otherwise, since nothing guarantees centralization like a fucking database. We're far from the bottom.

>>52465003
>There won't be a crumb of blockchain technology in this Fedcoin
Oh look, another poster who hasn't read the links in the OP.

>>52455704
Based.

>>52462809
Aliens

>>52463270
Chainlink

>>52465020
>old fag
people don’t want to face the possibility that crypto could effectively be killed off by a cbdc roll out. It’s the analogy
>if you can’t beat ‘em, join em

So many people in crypto are blinded by
cash so caught up in converting crypto to fiat that they will not only allow this to happen but cheer for it. Again, this will allow the government to remain in power while (you) have none but you’ll have (security) I’m actually a little pissed and disappointed… It’s going to be brutal

>>52456928
Yeah sure. LG, Anz Bank, Standard Bank, Shnihan Bank or Google will all start using the US FED protocol instead of the Hashgraph hosted around the globe because…?
Truth is, we were never going to get cbdcs. The Fed loves control too much for that, it was a given.
I am focused on enterprises that want to build on DLTs. Still holding hbar.

>>52466141
because it will be the law and subject to them being allowed to operate in the us.

>>52455608
This is the true redpill. And y'all gamblers accelerated this shit

>>52462809
Three letter agencies.

>Captcha MYTH

>>52461624
Yeah it's weird, this is no different from the existing system except in architecture (but not function). if anything this will make it easier to onboard people to crypto if you can trade in and out--in which case BTC would become the actual storage of value

>>52455332
>most altcoins
btc isnt safe either. most businesses dont give a shit about decentralization and its value is too volatile for them. cbdc will be a more popular as payment option more than btc.

>>52456283
By ".sol" he was referencing to solidity file language not Solana LMAO THE STATE OF THIS BOARD

>make crypto
>create "winners" and "losers"
>make it a casino to instigate more winners and losers
>winners gather a following and become pied pipers for acceptance of non-physical money
>create "groups" (like link followers) to further pied pipe more retards into supporting these changes
>pull the rug from underneath them, now that it's too late to stop them

the game was rigged before it even began
you are all retards and fools

>>52455672
Ripple has been spending large amounts of money each year, to lobby congress.
They spent over $2 million dollars lobbying Congress, over the last 5 years.

https://www.google.com/amp/s/cointelegraph.com/news/us-crypto-lobbying-expenditure-doubles-in-2021-here-are-the-biggest-spenders/amp

It doesn't matter if Canton is more efficient than xrp.
What matters is the lobbying that Ripple has done.
Our politicians are incredibly corrupt.
They have repeatedly demonstrated that they reciprocate with favorable legislation, to companies that lobby them.
How much lobbying has Canton done?

>>52468374
Then why did the Fed announce they're using RTL+Canton on their own website? They didn't mention Ripple at all. You didn't even read the OP links.

>>52464397
>privacy
Privacy projects will be the next big narrative in the face of regulations

>>52466141
>I am focused on enterprises that want to build on DLTs.

There are many of them who find it ideal to build on because of the edge it has over the conventional EDI used by most enterprises. This is one of the heights I believe the space tech has attained that I find fascinating. Geeq also has a bearing on this as a core utility.

QA: Can hbar be used in enterprise supply chain applications?

>>52455332
>HBAR
>Not needed
Not as long as my lord and saviour exists

>>52470076
>Not as long as my lord and saviour exists
kek
Jeet with different perception about project. May I know why?

>>52468346
>Stay poor and it all happens anyway
Get back to work loser

>>52468559
>34 pbtid
God damn.
It is simply a test/pilot calm down. Your forgetting the ol' misdirection

>>52456298
maybe this is a bait and switch to get people to dump thier linkies

>>52455332
It's a fucking bad time to buy anything, it might all go to zero and that is the time to buy really, I can't see any real greens anytime soon.

>>52470835
Gamefi rewards are the way man, only passive income zone.

>>52470040
Anon, to answer your question. Yes, Hedera can log the logistics of items. An example would be a car parts store. Some manufacturer makes a car parts then ships it to an individual or a third party like Autozone or some shit. It can log the events from creation to the individual that purchased it. This is already kinda done but it’s essentially this on steroids. What Hedera would allow is to be the “trust layer” that Leemon is always larping about. So you can have countless enterprises with their in house systems building on Hedera to keep concrete, verifiable records of whatever. Shit, Hedera is already being used to document war crimes in Ukraine to verify authentic videos and photographs. This goes through every industry. Video games—logging events. Probably can be used to remove and identify cheating. Logistics—not only traceability but authenticating items. Say I buy a truck hood (OEM) part, having a verifiable log can insure I’m not being scammed like how eBay has gotten way out of hand. Legal contracts: estates, deeds, court house records. Data to be purchased by local governments etc to track what sectors are getting flows of money, where logistics are needed, emergency response systems and on and on. It’s going to go nuts once the ball is officially rolling. This is going to be a part of so many sectors which is why they have all these different sectors on their governing council. No bullshit, dude is going to win a Nobel Prize

>>52471136
What’s sui and make it stacks

>>52471105
Gamestarplus gonna get me my fav games aboard. I hope they don't leave out nft rewards though.

The CBCD for USA is USDC, It’s obvious as fuck.

>>52471105
The rewards are pretty low pajeet, get a fucking job

You mean Blackrock controls the treasury of USDC and basically owns Circle. And Apple yesterday accepted USDC for Apple pay which uses NFC(tap) technology that’s already in every new debit card. Hmmmm

So what you’re saying is the new system for CBDCs is already fully operational with NFC technology combined with the Ethereum network? No way it’s XRP and LINK for sure.

>>52468559
https://setl.io/setl-hires-ripple-global-head-of-banking-to-lead-payments-business/
They wont outright say it.

How would they distribute it? Isn’t the federal banking system against crypto? It’s not like Kraken already has a banking license in Wyoming and can handle fiat currency. They are for sure against it.

>>52471164
>10k for long term hold, 10 years
>100k ladder selling, 10 years
>500k+ make it stack

No they are totally against it. Why else would they let Kraken do federal ACH transfers through Plaid? *shrugs*

>>52468374
>Ripple has been spending large amounts of money each year, to lobby congress.
WOAH REALLY?
>They spent over $2 million dollars lobbying Congress, over the last 5 years.
>$2 million
Oh nevermind.

>>52455332

oh i'm dying to use fed programmed money. please!

>>52468374
Sam also lobbied heavily with politicians and regulators, guess what happened
I would think that an SEC lawsuit would indicate the "lobbying" has spectacularly failed
but I know, it's all a theater, amirite?

>>52457262
>fudding link in november 2022

>>52455332
if what you are saying is true, then the chainlink big wallets would be divesting instead of accumulating. Also, there would be no need to pay fudders (not saying you are) to fud link. Also no need to manipulate BTC to dump link when link goes up.

>>52455332
retard
https://setl.io/setl-hires-ripple-global-head-of-banking-to-lead-payments-business/

>>52455613
Look everyone. We get to witness a stinker desend into an xrp schitzo level of delusion. This is the fate of all of them. Soon there will be schitzo info graphics linking Mc Donald's to chainlink. Let this be a warning. Don't marry your bags.

>>52472905
>https://setl.io/setl-hires-ripple-global-head-of-banking-to-lead-payments-business/
Hiring a person is not the same as using the technology from the company the person formerly worked at. You people are the fucking retards.

>>52471808
Non-schizo answer.
The reason they were sued are multifold.
The SEC is incredibly corrupt.
Instead of publishing clear cut laws, they regulate through enforcement.
Which basically means they win lawsuits, or get settlement money from companies they sue.
This creates case law that they use to give themselves jurisdiction over more companies, that they can they sue.

If you have followed the case, Ripple bent over backwards trying to be compliant with the SEC, and not get labeled as a security.
But the SEC sued them anyway.

There are at least 2 major factions in regards to crypto regulations.
The SEC represents a different competing faction to Ripple.
This is why the William Hinman publicly said that Bitcoin and Ethereum are not Securities,
And then later sued Ripple for selling securities.

This massively helped Bitcoin and Ethereum, and hurt Ripple.
The SEC has also delayed the mirnsuit against Ripple, at every opportunity, because it hurts Ripple financialy.

But Ripple is going to win.
Not on the Fair Notice Defense.
But in the fact that the Howie Test doesn't even apply to most crypto.

I'll explain in my next post.

>>52474016
Thank you anon

>>52474016
The Howie Test originated from the sales of an orange grove.

>Howey Company offered a land sale contract and a service contract. The land sale contract sold narrow strips of land, each about an acre consisting 48 trees. The purchaser received a warranty deed for the land conveyed. The service contract with Howey-in-the-Hills was optional, although emphasized. (Howey, 295) If the service contract was signed, the contract gave Howey-in-the-Hills a discretion and authority over the cultivation, harvest, and marketing. All of the produce was pooled by the Howe companies, and net profits were allocated at the time of picking.

The Supreme Court decided that these service contracts were actually a "common enterprise" and this securities.
The reason so, is that the contract involved work to be done by the seller, after the sale of the land.

Ripple is arguing that the Howie Test doesn't apply to them,
because their is no common contract between Ripple and the buyers of XRP.

Ripple will win their case with the SEC, for this reason.
Not any schizo nonsense.
And when they win, they will be the first, and only crypto company to win against the SEC.
XRP will officially b not a security.

>>52468559
where?

>>52474282
Thank you again anon. It is nice to read a concise explanation without a bunch of schizo nonsense injected into it.

>>52455613
yes all that tech used by governments yet your shitcoin crashed 90%. open your eyes retard

>>52455646
You can swap currencies and cryptos already, why would you need a "bridge" when that adds another transaction to the whole thing? Just swap directly.

>>52471136
I like the fact that it cuts across all niches, including DeFi and enterprise. This clearly means and shows that the space is scaling from just being a peer-to-peer cash system into a utility that meets enterprise-specific needs. Ocean is also known for that and the one I mentioned. I believe that with time, many enterprises will find this useful to integrate. I just hope so.

>>52474714
There is so much false hype about this. I don't get where this is going, but if it happens to be going north, I might join the league because I want some bucks, but if it's going south, I'm fucking not part of the bot gang on every thread.

No doubt, it's one among the good tech.

>>52475070
Enjoy your nostro/vostro accounts and single digit percentage disappeared payment rate... What is losing hundreds of billions a year among friends right?

>>52467112
>if you can trade in and out
lmao they're not gonna let you do that - everything predicted in the conspiracy theories is what they're trying to implement: funds expire after a certain time, limited or no person-to-person transactions, no payment of debt with funds, funds can essentially only go to approved corporations for purchases of approved products

>>52474694
This is just my regurgitation of what I've learned, from following the lawsuit over the years.

There is a lawyer who has been following the case, who does a utube video update about the lawsuit every 2 weeks to a month.
He is very knowledgeable on legal matters relating to the case.
And does quite a bit of research.
He distills down legal events that happen in the trial, and presents them in a manner where anyone can understand the case,
Even if you have zero legal background or knowledge.

I would highly recommend you check out his videos.
Just watch the last couple videos, and you'll have a much better feel for what is going on.
He owns xrp and is a little bias.
But that's it.
He doesn't try to shill you other crypto.
He just talks about the law and the trial, as it relates to Ripple, xrp, and the SEC.

https://youtu.be/mZjWPhRwozo

>>52476703
Great video. Every time I hear another rebuttal of the SEC's argument, I just become more and more frustrated with the epic corruption Hinman and Gensler pulled off. What a bunch of assholes.

>>52476896
Rules for thee,
But not for me.

Ripple has the internal emails between Hinman and other SEC staff, where they discuss his (at the time) upcoming speech where he said that Bitcoin and Ethereum are not Securities.
After Ripple received the emails, Brad Garlinghouse, Ripple's CEO commented on Twitter:

>The SEC wants you to think that it cares about disclosure, transparency and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.

https://twitter.com/bgarlinghouse/status/1583231464195338241?s=20

The general public probably Won't get to see the emails until sometime next year.
I suspect that those emails will expose the corruption of Hinman and Jay Clayton to the public.
That being said, I doubt anything will happen to them, legally.
But, the SEC's reputation is going to be severely damaged when those emails come out.

>>52477293
>But, the SEC's reputation is going to be severely damaged when those emails come out.
Which is why it makes zero sense for them to continue the case against Ripple. With Gensler practically blowing a rusty trombone for FTX and Vitalik opening bribing Hinman, you would think they'd try to change the channel as quickly as possible and go back to moping around the halls of power handing out business cards. There is zero upside for the SEC at this point. XRP is the only coin left which hasn't been used for the MIT ruggening. If it is clear to lead the market, it will help drag a lot of other coins/exchanges back out of bankruptcy.

>>52474282
The SEC doesn't settle arguments. It merely hears appeals before and after the facts they determine.

Ripple is going to Zero.

>>52479888
Go to bed Gary, it is late and everyone knows you told Sam Bankman-Fried to clean up his shit before it wrecked your whole money printing operation, when you guys met before he rugged the world.

>>52474320
Are you fucking blind? It's in the OP.

https://www.newyorkfed.org/aboutthefed/nyic/facilitating-wholesale-digital-asset-settlement

>>52480074
He's right, you're completely delusional, married to your bags. You're going to zero along with ripple.

I don't sleep.

I don't eat

All I do is think of you

>>52480262
https://cryptonews.net/news/market/16088253/
"Last week, Gensler confirmed during an interview on CNBC that he did meet with Bankman-Fried. The SEC chairman said: “I think we’ve been clear in these meetings … non-compliance is not going to work, the public is going to be hurt.”

>>52474016
>The SEC is incredibly corrupt.

This. Easily verifiable not just in who they investigate but in who they dont.

>>52477293

If the Fauci emails rolled off the NPCs backs this certainly will too, even moreso as they lack the mental capacity to grasp it even on a surface level.

>>52480262
Final boss needs more model rendering. Or is he supposed to look like he's always going to die?

>>52455898
Jesus. LINK really has been whittled down to XRP tier schizo bullshit. Thats hilarious.

>>52480327

What do you want him say? They they conspired to snatch $10bn from their arch-enemies, cryptofags - the people who most hate them and their scam banking system?

You just got taught a lesson about trying to sidestep the financial prison they operate, they've started wars over this you think they're going to just sit around at let such an idea take root?

>>52461243
You say dumbest of goys I say goodest of goys
I also think of cryplets as the goodest of goys

>buttcoins

>>52468018
>By ".sol" he was referencing to solidity file language not Solana LMAO THE STATE OF THIS BOARD
Just think - an anon wrote an entire schizo post under the assumption that .sol was referencing Solana, with 100% assuredness. This is what baggies here mean when they say things like
>weve tirelessly combed the details here for 5 years, we know what's coming
Their tireless efforts have been twisting half-baked theories and statements into what they want them to mean, and repeating them enough they "know theyre true". Truly the midwit kings.

>>52480895
/thread

>>52455645
You won't have a choice to use BTC over CBDC.

this like the russian digital ruble?

rolling for xrp will connect cbdcs

>>52480105
Still see nothing there regarding RTL + Canton

>>52455538
that's the point of CBDC, you have no control over it you're just a goyim like the rest of us

>>52455816
As a chainlink investor, this sounds odd coming from you. But we like unbiased opinions. However, I do think if not Chainlink, then there are better oracles like Dia

>>52484228
I dont have LINK but they have been providing oracle solutions to ALBT, which I do have, so imo, pretty decent, this shit is alarming

QNT is gonna be the biggest crypto in existence

>>52484247
Have heard of this. They're connecting them to top TradFi institutes, right jeet

>>52484249
QNT has some really good partners too. Solid for interoperability

>>52484263
Most likely because they bridge DeFi and TradFi

Also, Quant, Polkadot, Ocean protocol all of them are good ones/

>>52455963
Why do you have money in the bank? Beyond what you need for rent and bills I mean.

>>52484149
I meant RLN. If you can't figure it out, you deserve to be lose everything.

>>52484228
If the Fed was going to use Chainlink, they would say Chainlink. If the Fed was going to use Ripple, they would say they are going to use Ripple. Instead the Fed has said they're using RLN right in their own press release provided by SETL and Digital Asset, and they're using Daml for smart contracts and Canton.

You're all huffing the hopium.

>>52457673
You don’t. You either comply or you live in abject poverty.

>>52455645
but granny will use fedcoin because fedwallet is on the front page of her apple store and the marketing blitz told her she could use it to get a free mochafrappacino grande at goybucks

>>52484249
Glad to see someone who knows.