/biz/ - Business & Finance

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FUTURE Anonymous Tue Oct 20 01:35:21 2020 No.23384804 [Reply] [Original]

Jerome Powell (the boss of the money) just spoke to the IMF (all the other money people) about how we are on track to create a central bank digital currency (CBDC = stablecoin).

There's like no threads talking about this, but the implications are overwhelming for cypto.

CBDC will be the future stablecoins.
Bitcoin will be the future store of value.

This is literally happening right now.

>>	Anonymous Tue Oct 20 01:40:59 2020 No.23384862 >>23384804 There will be more gains for the platform that hosts these CBDCs, especially if that platform is PoS. Bitcoin is literally paying a remittance to China..you really want China to control "digital gold"? kek

>>	Anonymous Tue Oct 20 01:44:12 2020 No.23384889 >>23384804 There are threads on this OP. Its called XRP Schizo General.

>>	Anonymous Tue Oct 20 01:44:27 2020 No.23384893 >>23384862 I want China to poop on my butt xD

Anonymous Tue Oct 20 01:50:29 2020 No.23384955

>>23384862
CBDC's may not even use ledgers, the point is they are moving from cash to digital currency.

China can only afford to sell bitcoin. It doesn't behoove China to hurt Bitcoin. Also, we are in Bitcoins infancy, I doubt China is going to be able to compete in any way with first world money when the writing on the wall becomes more clear.

Anonymous Tue Oct 20 01:56:45 2020 No.23385019

>>23384955
>CBDC's may not even use ledgers
They understand the value of public blockchains, but first they want privacy features enabled.
>I doubt China is going to be able to compete
China is a big threat to bitcoin's sovereignty though crypto is more useful for them in undermining the USD.

>>	Anonymous Tue Oct 20 01:59:20 2020 No.23385044 >>23384889 This. We’ve been talking about this all day. Stellar was present and shilled but XRP was described the whole time without saying XRP by people who represent Ripple partners.

>>	Anonymous Tue Oct 20 02:00:56 2020 No.23385059 >>23384955 China is rolling out the digital yuan and is way ahead of the US and NATO in general. You didn’t know this?

>>	Anonymous Tue Oct 20 02:02:02 2020 No.23385072 >>23384955 they literally just shilled a bunch of chinamen into downloading a digital wallet to find out whether or not they're the lucky winners of a YuanCoin. literally last week goy. keep up.

Anonymous Tue Oct 20 02:04:56 2020 No.23385092

>>23385019
>They understand the value of public blockchains, but first they want privacy features enabled.
That's what I gathered as well. The point is they don't just talk about this stuff for fun, and there are countless reasons a digital currency would be a boon for the fed. My point is when this happens, it's only logical that Bitcoin will explode. People move in herds and are stupid in this way but they'll eventually get it. Institutional wealth is already getting it. At 200m and less volatility than most stocks recently, they have reason now to take notice.

>China is a big threat to bitcoin's sovereignty though crypto is more useful for them in undermining the USD.
The CCP scares me as well, but by manipulating it via a 51% attack, everyone is going to know. And so by doing so they'd destroy the value. There's no motive. If anything China would outlaw it.

>>	Anonymous Tue Oct 20 02:08:06 2020 No.23385121 >>23385044 XRP? But the CBDC would just be a stablecoin. If Ripple was involved, Ripple would just help build it from the ground up. XRP in itself would have nothing to do with it.

Anonymous Tue Oct 20 02:15:12 2020 No.23385201
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>>23385121
You’re being politie with the refute so I’m just gonna tell you this; the fud you’re saying is intertwined with a bunch of other misconceptions as to what XRP is designed to do, which is to be a bridge asset. It doesn’t aim to be THE global currency, it’s going to be a bridge asset for CBDCs, it will provide liquidity and allow for interoperability between CBDCs which from the meeting you can conclude many countries are developing.
Note that distributed ledger technologies, which was mentioned numerous times, was literally patented by Ripple and was donated to the World Wide Web Consortium.

>>	Anonymous Tue Oct 20 02:24:06 2020 No.23385285 >>23385201 Oh lordy. I'll go down that rabbit hole later. An interledger huh. I'm comfy mostly in BTC as I like it as the digital gold play. But while I have you here, what's an XRP make it stack?

>>	Anonymous Tue Oct 20 02:28:18 2020 No.23385322 >>23385285 100k

Anonymous Tue Oct 20 02:37:31 2020 No.23385403

>>23385285
Not sure, i don’t believe 2k eoy but I have 40k.
Look into it. Also just wanted to remind everyone here that XRPees have been saying CBDCs were going to be a thing for years and everyone always laughed and now they’re starting to see it right in their face.

Anonymous Tue Oct 20 02:45:39 2020 No.23385472

>>23385121
You’re a retarded mother fucker, the IMF literally talked about having a diverse selection of assets, and the best way to make sure there is a level playing field, they would use an underlying asset to go between the trades.

Example: if you wanted to trade dollars to pesos, you would trade Dollar for X, X for X(b) and then X(b) for Peso.

The asset that makes the most sense for this case is XRP since it’s practically free to do, uses the least energy, Tons of liquidity, and is virtually instantaneous.

Name a better coin for this use, or could solve this transfer any faster.

I’m not a XRP maximalist in anyway, or skitzo, but there is no other crypto or digital asset that competes when it comes to Forex.>>23385201

>>	Anonymous Tue Oct 20 03:13:00 2020 No.23385697 >>23385472 no country would ever used that premined centralised garbage

>>	Anonymous Tue Oct 20 05:02:17 2020 No.23386650 >>23384804 Yes... https://m.youtube.com/watch?v=C4sOWJDDZsI

>>	Anonymous Tue Oct 20 05:18:39 2020 No.23386798 >>>/pol/283663750 test

>>	Anonymous Tue Oct 20 06:13:30 2020 No.23387433 >>23385019 I mean, it's gonna be Quorum right?

>>	Anonymous Tue Oct 20 06:41:16 2020 No.23387737 >>23385697 They'd be turning so much power over to Brad

>>	Anonymous Tue Oct 20 06:45:39 2020 No.23387784 >>23385697 Don't forget usa company ; no one wants dollar 2.0

Anonymous Tue Oct 20 06:58:14 2020 No.23387932

>>23384804
>CBDC will be the future stablecoins.
it will not be stable not even close
every government depends on running a deficit, that requires money printer to go brrrr and is anathema to a hard currency like cryptos
whatever the solution it will require massive yearly inflation to keep the gibs going

follwoing that greshams law will dictate that the cbdc will be regarded as useless rather quickly and everone will flee into a hard asset
what remains to be determined is wether the powers that be are stupid enough to try and launch a digital currency or they are boomer enough to think they will be able to smash all competing hard currency
for if even one hard blockchain survives their cbdc is worthless

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