ITS HAPENING UNIRONICLY THIS TIME

[Anonymous No.17898857]

[Anonymous No.17898876]

>>17898857
>central banks go bust
And humanity is free at last. Good

[Anonymous No.17898906]

Sovereign central banks can just tell other sovereigns to go fuck themselves. OP's pic only applys to non sovereign central banks or central banks that hold massive foreign reserves.
In other words, not the US. But definitely China.

[Anonymous No.17898934]

>>17898857
>alternative currency regimes
>digital

There are no functional digital currency regimes. Bitcoin is not functional, it will NEVER be.

[Anonymous No.17898952]

>>17898906
> Be me at gf house
> Phone rings he says on the line "is something wrong here"
> I say no and hang up
> I told my gf and she that her dad's name was Sum Ting Wong
> She starts crying and says he dad ded
> Then who was phone?

[Anonymous No.17899011]

Dump it.

[Anonymous No.17899022]

>>17898934

[Anonymous No.17899023]

>>17898857
Lol hoopener cope the post.
>it's not hoopening this time but NEXT time booooooy it's HOOOPENING

[Anonymous No.17899041]

>>17899022
I can smell the curry from a mile away, rambesh

[Anonymous No.17899082]

>>17898934
Bitcoin is functional. Currently trades as BSV

[Anonymous No.17899102]

>>17899041
A couple sips of the Ganges will cure your smelly nose right up, sir.

[Anonymous No.17899357]

>>17898857
we all knew central banking, like any other form of central planning, was doomed to fail eventually

[Anonymous No.17899388]

>>17899022
>1 tb block size
K, lemme just back up my entire hard drive to the blockchain I guess

[Anonymous No.17899390]

>>17898857
Trump and Powell enacted the right course of action by injecting liquidity into the markets. In times of crisis; it is fear more than anything else that causes social collapse.

No, happeningtards, there isn't going to be hyperinflation due to 500 billion getting pumped into the markets everyday. The USD is stronger than ever.

No, happeningtards, the economy will not collapse due to quarantines being imposed all over the country. People will still have their jobs and not get pinkslipped.

No, happeningtards, the US will not go full wuhan mode with hospitals collapsing and people dying in the streets thanks to the prudent decision by Trump and the FDA to roll out drive thru testing.

By April, this will all be a nothingburger meme. All this panic and emergency stocking up of TP and food for a nonexistent incoming depression is just low IQ people both on here and irl flipping out over fake news drummed up by the msm to destroy the Trump admin. We'll pull through.

Happening canceled morons.

[Anonymous No.17899420]

Tachyon's Dynamics session reduces the handling fee in the session process without a huge price tag attached to the host chain

[Anonymous No.17899470]

>>17899390
this

[Anonymous No.17899524]

>>17898857
If the central bank goes bust they go the bank of international settlements (BIS) for a loan. The BIS is the supreme central bank which fucks the other central banks which fuck you.

During the last economic crash the fed had to bail out the private banks and has been propping up the system ever since. When the fed goes bust they will have to go beg to the BIS.

[Anonymous No.17899542]

>>17899041
nice argument

[Anonymous No.17899556]

>>17899390
>The USD is stronger than ever.
Lol you sound like thise boomers on facebook who everyday after the previous say stuff like "the economy is stronger than ever". Look at stocks now hahhahaha

[Anonymous No.17899575]

>>17898857
>central banks take on foreign currency risk
we've been here before in the fixed exchange rate regimes of the past. it's not the end of the world.

desu we just need to rebuild a modern version of the international economy circa 1950-70, with strong national economies controlled by national governments and national corporations, trading between one another reasonably openly but ultimately democratically accountable to the nation, rather than having the entire world governed by rootless capital.

[Anonymous No.17899637]

>>17899390
Drive thru testing is a meme. You literally cannot get tested in most areas without severe cause and doctor approval at their discretion.

[Anonymous No.17899686]

>>17898934
oh?

[Anonymous No.17899715]

>>17899637
This. Drive-thru testing is propaganda.

[Anonymous No.17899725]

>>17899390
screencapped for future mockery

[Anonymous No.17899934]

>>17899575
>accountability
>rolling back to a system where central banks still allow private banks to leverage their reserves
I don't think the general public would be entertained by the idea of a fractional reserve.
>Hey bro were lending 10x more than we have on reserve and we charge interest while at it, so there's a possibility your money won't actually be there when you try to withdraw
>but we're still friends right? I just gambled your money away, just a tiny little bit
When people deposit something, they expect it to be available at all times as if the custodian had shoved their money in a vault. This shady behavior is only accepted because it's hidden behind technical mumbo jumbo and people avert their eyes from the sad reality that there's a scam right in front of their eyes.
When, and if, people realize that big players play by fundamentally different rules there will be unrest, to put it into mild words.
Silly quote that expresses my feelings over this
>The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity, and it was not meant that we should voyage far. The sciences, each straining in its own direction, have hitherto harmed us little; but some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new dark age. H.P. Lovecraft

[Anonymous No.17899962]

>>17899390
Have sex.

[Anonymous No.17900052]

>>17899934
fractional reserve is a meme. lending creates new deposits wholesale, largely irrelevant to the existing deposits of customers.
in the bank's accounts, they don't go:
your account: $500
me: $50
(i take a loan)
you: $0 (we owe them $500)
me: $550 (they owe us $500)

they go
your account: $500 (we owe them $500)
my account $50 (we owe them $50)
i take a loan:
your account: $500 (we owe them $500)
my account: $550 (they owe us $500)
right from the very beginning, the money you give them is a liability to them. the primary purpose it serves is meeting reserve requirements, etc. they don't actually lend it out though. when the loan is made to me, they create new money - we go from a system with $550 to one with $1050 and $500 debt. the numbers change but the accounts balance.

>When, and if, people realize that big players play by fundamentally different rules there will be unrest, to put it into mild words.
this is true, but it's not because of muh fractional reserve banking. it's because of the utter insanity of how we've conducted ourselves for the past 40 or so years, dragging ourselves into the inane position where it's easier and cheaper to get a loan to buy a house than to build a house despite (partially because of) there being a shortage of housing, with no oversight to fix this insanity. banks create new money at no cost. (with some restrictions) to lend out at interest, with no part of that decision being made accountable to the national interest, despite it being the government that ultimately grants them the right to do this. the gains from this process are then kept in private hands.

[Anonymous No.17900096]

>>17898952
Quality. Thanks.

[Anonymous No.17900127]

>>17898857
All part of the plan, we're taking control back!

[Anonymous No.17900148]

>>17900052
>the numbers on the screen say they owe me X
Of course it does, the point is that they do not have a full reserve, so even if they do owe you X, if everyone were to withdraw at the same time there wouldn't be enough money as they're leveraging their reserves.
Bank runs are a thing.

[Anonymous No.17900178]

>>17899390
>the US will not go full wuhan mode with hospitals collapsing and people dying in the streets thanks to the prudent decision by Trump and the FDA to roll out drive thru testing.
Did you miss the retards in Florida at the beaches yesterday? We are barreling towards the Italian option in this country, and it’s too late to change that.

[Anonymous No.17900208]

>>17900127
>we're taking control back!
hahahah, this is absolute intentional satyre right?

[Anonymous No.17900232]

>>17900148
>they're leveraging their reserves.
they aren't really. when i spend the $500 i've borrowed on a new TV, the odds are i'll pay by card rather than withdrawing $500 in paper-dollars and paying that way in store - so they'll just move that $500 electronically to another account. (perhaps into a different bank, but system-wide it balances.)
when a bank run happens, the problem is as much one of having enough physical dollars on site as it is the accounts not balancing internally. desu i'd say it's a valid question whether credit creation and general banking services still belong in the same entities, but my main concern is just emphasizing that they don't actually lend out your money. they probably don't have it in-paper on site either, but they're not lending it out. loans involve the creation of new money.

[Anonymous No.17900363]

>>17899022
Imagine syncing a node

[Anonymous No.17900377]

>>17899524
Lmao, what BIS will loan? USD?
BIS only manage settlements

[Anonymous No.17900396]

Tachyon' protocol can provide more advanced security and privacy protection to their services and also provide greater transmission efficiency to their users

[Anonymous No.17900449]

>>17900232
Well, I guess it was silly of me since fiat currency can be created out of nothing. My bad

Still, since money is being issued when debt is contracted there can't be enough money in the system to pay it up unless new loans are made.
On one hand we're forced to use a currency that always gets inflated (key players get to spend cheap money before the full effects of inflation kick in), on the other hand the government lets private banks create money. Shady as fuck desu
The entire system sounds like a shady version of economical musical chairs where big players get to act first while everyone elses gets a good buttfucking, a transfer of wealth scheme.

[Anonymous No.17900882]

>>17899082

Bsv is a scam
How have you retards not necked yourselves yet? All these nothing burgers, creg is going to jail

[Anonymous No.17901257]

>>17899041
Kek

[Anonymous No.17901311]

>>17899022
>it's a PP presentation, it must be what the real product will be right?

[Anonymous No.17901346]

>>17900127
>Average Trumpanzee IQ