/biz/ - Business & Finance

Adorable.

>>58516355
having a CBDC would destroy the fed if it didn't have unlimited supply to be printed infinitely like our dollars are
make a new organization to replace the fed and use a crypto like xrp which is an american company created crypto that has a locked supply and never can be inflated with cheap fees that settles immediately and you don't even need a federal reserve anymore

if anything people arguing to keep the infinitely printed dollars is the issue
hell even have a CBDC that your dollars are backed by and even then you get the privacy of paper cash but without the infinite supply printing the kikes do now

>>58516526
XRP moonies are a jewish cult of faggot rape and gayness

>>58516601
maybe but having dollars backed by something that has a locked supply and isn't controlled by a single entity is far better than the federal reserve printing trillions of dollars out of thin air to give to israel

>>58516355
>>58516418
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PRICED
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IS PEPERGER gibe pepeberGIBE PEPERGER where>XRP VERY GUDE
XRP OH YES is bebeper
>>58516587
WHER IS PEPERGER gibe pepeberPEPERGER where is bebeper
WHER IS PEPERGER gibe pepeberGIBE PEPERGER wh
COINMETRO
COINBMETOER where is bebeper ETF
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WHER IS PNA and SOLANER IS BABANER
BUY EFFEHRIUM is BUY EFFEHRIUM is BUY EFFEH
kadena is BABENER
>CAR
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GME GME
COINMETRO
COINelp i tried>XRP VERY GUDE
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but they are tire
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>ANIME PENIS
>>58509422
CASINO CASINO CASINO CASINO CASINO CASINO
>>58516601
>>58516601
>>58516601
DAMP
>ETF GUD?

>>58516355
Explain to me like I'm stupid why this matters pls. Why does the central bank having a coin matter or not? Did people think it would replace cash entirely or something

>>58516623
It prevents the fed from creating a cbdc, it doesn't prevents Congress from creating one and coming up with some Socialist bureau to print currency on demand of congress. The result giving a bunch of champagne socialist power over monetary policy, Argentinian and Turkish inflation is going to look sustainable.

Btw, that is what the entire "end the fed" shills want - socialist getting control over monetary policy. Bad idea

>>58516623
the central bank would much rather be able to print infinite amounts of fake money out of thin air so I doubt they'd want anything like it passed
especially if you could track how the government spends its money on the blockchain

and again you don't even need to force citizens to use it, you can have dollars redeemed by a crypto which the government is forced to use and then you still get privacy for citizens but the government is held accountable and all their spending can be traced
no more military black budgets though so that's bad for secret spending which the government would never want

>>58516665
>The fed prints
The fed doesn't "print" anything, the treasury does. The rest is socialism

>>58516355
CBDC=Fascism.

>>58516526
>having a CBDC would destroy the fed
Fed is the one that wants to create CBDC which is not money btw.

>>58516526
Usd is already a cbdc with paper notes redeemable for us cbdc

CBDC=NOT MONEY=PROGRAMMABLE CONTROL UNITS(TOKENS)=FASCISM

>>58516355
Words matter here. It isn't saying that a CBDC will never be created...its merely stating that the FED will NOT be the ones creating it.

>>58516711
No it's not >>58516714

>>58516526
>locked supply
Oh anon kek

>>58516721
CBDC = Central Bank Digital Currency
Federal Reserve = central bank
The fed issues currency
The fed destroys currency
Potentially billions of dollars per day
Are they printing each dollar? Are they burning each dollar?
National debt is 34 trillion
Do 34 trillion worth of paper notes exist?
What percentage of dollars exist in the form of paper notes. One estimate is 1.5 trillion. If half the dollars are outside the us, thats 3 trillion total. If 1/10 of just the national debt exists as paper notes how much of the total money supply is paper?
If a currency is over 90% digital, is it a digital currency? If its over 90% digital and issued by a central bank is it a central bank digital currency? If people have paper bitcoin wallets is bitcoin paper money?

>>58516766
>CBDC = Central Bank Digital Currency
This is a misnomer. It's not a currency. It's a programmable control unit (tokens), which can be programmed by the authority to do whatever they want you to do, in other words, this is fascism=open terrorist dictatorship of finance capital, 2033=1933.

>>58516766
>>58516802
Also, the word "digital" has nothing to do with it, we had digital currency since the invention of the calculator.

>>58516766
>>58516802
>>58516819
Capitalism is dead, this is their replacement.

>>58516623
Basically the start of China's social credit score. They could have total control over your finances. Limit how much and where you spend. Link it to a carbon or social score. Beef creates lots of carbon therefore you can only buy 200g per quarter to save the planet.
Obviously that's on the bad side of things, like a gun depends who is holding it.

>>58516802
So kinda like how they can freeze your bank account, take money whenever they want, direct deposit stimulus checks, raise or lower inflation to tax you regardless of what you pay the irs, etc?
I got a speeding ticket in california and they took the money out of my bank account when i dont even live there and never gave them my checking account?
This isnt within your description?

>>58516879
>They could have total control over your finances.
yes since money=life, so they will have total control over your life with a click of a button: instant, total and legal. This is what wars all fought over.

>>58516911
Well, not exactly. These things are limited, slow, require court orders and are not direct. "CBDC" is direct, instant, warrantless and unlimited.

>>58516879
>Basically the start of China's social credit score.
Except it's much much worse.

>>58516623
If you aren't already aware of just how much they want to get rid of cash altogether, then you must be new.
They are quite open about it. It's to track everybody and every purchase and they can limit how much you hold and how you spend it. Australia is already doing away with cash, I think.
Yes it will completely replace cash. Obviously.

cbcd = no more physical cash = can't pay a escort = can't touch a hot girl ever again = go insane

>>58516698
holy based, i want a CBDC now

>>58517249
you guys really aren't making a good case for wanting to prevent a CBDC

>>58516355
Thats not nice

>>58517329
Only if you don't understand what either of those things are.

>>58516698
I approve.

>>58517393
Fascism is based.

>>58516705
and you think paper backed by nothing is "money" right

>>58517249
>>58517346
How about not being able to buy food or water or or literally not buying anything else?

>>58517396
>>58517403
Except Hitler is not your friend this time.
>>58517408
You can still spend your cash however you wish, not with CBDC.

>>58516879
So when the local businesses near me started asking for cash payments, I shouldnt have said "no sorry I need my travel points" .... this is gonna be awkward when I go back there with cash lol

>>58516526
2 points you fucking retard:
1. The "Fed" will absolutely create a new CBDC if printing more isn't possible, or at the very least mint more CBDC in the event of a "crisis" like social security running out, some disease like COVID, Russia taking back Ukraine, etc.
2. A CBDC would be tracked in a centralized database which makes any kind of privacy, and/or any tax dodging, impossible.

The price you pay for inflation is absolutely worth the alternative.

>>58517445
>some disease like COVID
There is no disease called "COVID". It's all a lie. Read Virus Mania.

>>58517445
>mint more CBDC
There is no "minting" of anything. It's literally a control grid. It's all 0s and 1s.

Your money is already digitally tracked. The only difference a CBDC makes is it takes out the middleman between you and the Fed.

>>58517473
The only difference is now they control your finances instead of you. "Tracking/surveillance" is a red herring.

>>58517486
Lol, you think you control your finances

>>58517499
I do have indirect restrictions, but I still have control more or less. "CBDC" they will have direct control.

>>58517515
The only reason you can do anything with your money is because your bank lets you transfer it

>>58517522
Yes they have to, bylaw. With CBDCs, that law will change to them having direct unfettered control over your money.

>>58517535
You think they can't make the bank do what they want? There's literally no difference.

It seems to me that a lot people are either uninformed or are in complete denial about what "CBDCs" are really all about.

>>58517542
Not right now they cannot. Banks cannot tell me what I can or cannot buy at the store, with CBDCs they will bylaw.
>There's literally no difference.
You're not paying attention. There is a night and day difference.

>>58517555
There is absolutely no difference from a consumer standpoint. CBDCs greatly simplify the process of issuing and destroying money. That's all they do.

>>58517581
They would have complete, total, direct, programmable and legal control over your money. They do not have that right now. Since it's not money, there is nothing to issue or destroy.

>>58517420
nigger I said you can only force the government to use a crypto and then have it redeemable with cash thus the government is the only one who has constraints of a cbdc while cash is actually backed by something that can't be printed infinitely

>>58517445
again you didn't read the last line
you dumb faggots always respond with the same stupid shit without reading

give people cash
make the government use the crypto/cbdc
cash redeemable for the crypto if they want
therefore the money we use is backed by something that can't be printed infinitely
and the government can be tracked by the citizens

>>58517623
Give it up, man. You forgot to put parentheses around (((they)))

>>58516665
a cbdc isn't on the blockchain

>>58517651
whether it is or isn't entirely depends on what technology is being used for any given CBDC. Many of which are using blockchains.

>>58517673
and whether it is or is not is entirely irrelevant to the goals of "CBDCs" which is control.

>>58517683
What's wrong with control?

can we just go back to silver coins and medieval farms society? All this digital crap is so tiring who gives a shit about proooogramer fiat. Smart contracts are literally made up bs. Bitcoin is just an index fund and monero isn't used for anything other then some fent users.

>>58517623
All my money is owned by me on the blockchain. I have net negative fiat money cause I’m in a mountain of debt with no fucks given.

Lolbertarians, always a giggle

>>58517689
You like not being in control of your life?

>>58517689
Schwab is your Hitler now.

>>58517712
I just like trolling libertarians, man

>>58516355
>don't have other currency since this one, its the bank's currency.