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49751400 No.49751400 [Reply] [Original]

The masses will be reluctant to use your inefficient cryptos when the government steps into the space. The market cap of the private crypto market will never exceed what it was these last few years. Even Bitcoin will be treated with suspicious and malintent as if it were Monero.

Goodluck convincing the green parties Bitcoins electricity usage justifies the utility it provides!

Ironically it's over

>https://twitter.com/disclosetv/status/1537832095602597890?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

>> No.49751801

>>49751400
they need a world currency
it's the only way
everything goes to 0

>> No.49751873

>>49751400
>when the government steps into the space
Cringe

>> No.49751945

>>49751400
> CBDC's will send Crypto to $0
no they won't
there's already cryptos that are going to be the backbone of CBDCs
I'm not shilling shit, just know that you're wrong because governments are late to the party and they would rather just use networks and products built by people with experience in the industry

>> No.49751974

>>49751400
>he masses will be reluctant to use your inefficient cryptos when the government steps into the space.

they're basically making an official Tether. nothing changes.

>> No.49752026

>>49751945
>there's already cryptos that are going to be the backbone of CBDCs
Bet they won't be. The Fed is going to have a 100% private system. This open source and public shit is going out the window. They won't allow any serious competitors.

>> No.49752047

>>49751974
Worse, they're making a Tether where the IRS/Fed/Democrats can track your every movement and every purchase, including CBDC <--> Crypto purchases. And they can easily block your spending anytime to weed out dissents, and purposefully put expiration dates on it to force you to spend it instead of saving (i.e. inherent inflation).

>> No.49752070

>>49751873
What are the masses going to do about it? Nothing. You gonna move to another country? They will have a CBDC. You gonna buy land and avoid taxes? Not possible. Im afraid theyve been able to manipulate society so much in their favor that the Libertarian and Constitutional 1776 will not win. Been game over since the US federal reserve was created.

>> No.49752102

Bullish for crypto

>> No.49752174
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49752174

Apologize

>> No.49752190

>>49751400
hardcore nocoiner cope
im sorry for your loss

>> No.49752225

>>49752047
>can track your every movement and every purchase
it will looking like your bank account transactions now
>block your spending anytime
they can already do this
purposefully put expiration dates on it to force you to spend it instead of saving (i.e. inherent inflation)
wonder how that would work? that would just push you to invest, or if you want to hold cash, buy bonds. idk maybe there's more to the idea im not seeing

>> No.49752293

>>49751400
A decentralised currency will always be superior to a centralised shitcoin. The US dollar will be in the control of the same people. It will keep getting more and more worthless. Making it digital doesn't change that.

The problem is the general public are fucking idiots and don't care about their own liberty. So it doesn't matter the crypto is superior. They'll swallow whatever the government puts in front of them.

>> No.49752302
File: 113 KB, 1000x567, standards_2x.png [View same] [iqdb] [saucenao] [google]
49752302

>> No.49752346

>>49752026
>implying america is the only country on earth
>implying the american government can even get CBDCs up and running without wasting an assload of time and money in the process
if they go the route of doing it themselves now with their lack of experience it will be too late, they're years behind

>> No.49752354

>>49752026
This is the blackpill, all crypto tech, smart contracts, etc will be in the form of private cbdc’s and blockchains. There will be no opportunity for the public to invest. All crypto goes to zero

>> No.49752359

nice concern troll

>> No.49752670

>>49752225
>it will looking like your bank account transactions now
You can always pull your dollars out of your account and pay with cash. You can't do that with CDBC. You're FORCED to spend through their network.

>wonder how that would work? that would just push you to invest, or if you want to hold cash, buy bonds. idk maybe there's more to the idea im not seeing
If a recession were to hit, instead of their usual tactics of print more money, the Fed could just type some numbers and force people to empty their savings accounts to prop the economy. And specifically force them into buying stuff for the sole purpose of propping up the economy (cars, computers, phones, toys, useless shit, etc.), instead of safe assets (gold, silver, crypto, bonds, land).

People will become slaves to globalists' whims who will demand the plebs buy their Chinese junk on a daily basis. Literally the "You will own nothing and be happy" meme.

>> No.49752723

>>49752670
>You can always pull your dollars out of your account and pay with cash
>go to car dealership with 5K cash
>get told to fuck off
>try to take a bunch of cash through the airport while moving
>confiscated
Sure.

>> No.49752784

>>49752026
This. So much this. Why would a public blockchain be needed when they can simply buy the tech from whatever developer entity and use a private version of it as their backbone?

>> No.49752830

>>49752346
>he thinks they haven't been planning this for decades
They will never let you be among them. Are you that naive?

>> No.49752878

>>49751801
my dick will still go to 5.5' whenever i think about how much cheap BTC I'll be able to scoop up this year seethe and cope nigger

>> No.49752929

>>49752670
>force people to empty their savings accounts to prop the economy
i can see that working on your average joe, the people that have like $5k or $10k to their name wasting in a checking account. with the masses doing this it would definitely be an effective economic management tool. the perfect consumer class. i would assume people like us that actually invest wont be effected. they'd have to go full communism, abolish the stock markets.

>> No.49752934

A CBDC has nothing to do with "crypto." It essentially the government's version of venmo. You can directly open an account with the central bank / government and then send people money and shit, collect stims, or get a negative interest rate, etc. I'm not sure why its even often misassociated with crypto. Maybe because people think bitcoin is just some type of wow-gold e-money thing, and completely miss the actual reason bitcoin and crypto new like decentralization, self banking, anti-censorship, etc. which are all the complete opposite of CBDCs. People repressed under CBDCs will only be more bullish for crypto.

>> No.49753012

>>49752934
>People repressed under CBDCs will only be more bullish for crypto
>government bans your crypto

>> No.49753104

Bubbles always have beginnings and ends
Anyone who thought crypto would last forever was retarded. You should have gotten out while the getting was good, we're never returning

>> No.49753116

>>49753012

Like they banned torrenting? Government cannot ban crypto, if they do p2p trading will take over. Government actually wants centralized exchanges on/off ramps as its the best surveillance they have right now. If they force crypto/fiat exchange to move to peer to peer they what control they have left.

>> No.49753131

>>49751400
The bankers will never let it happen, or if they do it will be so crippled as to be indistinguishable from electronic bank deposits.

>> No.49753179
File: 66 KB, 620x418, john-mcafee-mugshot-4023539808.jpg [View same] [iqdb] [saucenao] [google]
49753179

>>49753012
>parallel economies thriving
>a "government" ? never heard of that

>> No.49753237

>>49751801
found the redditor

>> No.49753280

>being this stupid
What you will have are parallel economies based on fake money for the plebs (CBDCs) and crypto.
Just look at Cuba, dumbfuck.

>> No.49753284
File: 1.95 MB, 280x156, 1597675488939.gif [View same] [iqdb] [saucenao] [google]
49753284

is it over?

>> No.49753307

>>49752934
>A CBDC has nothing to do with "crypto." It essentially the government's version of venmo.
This is where you're wrong.

The federal authorities will incorporate every benefit of cryptos into their CBDC. It is inevitable governments around the world begin using blockchain technology to store titles for high-value assets.

>completely miss the actual reason bitcoin and crypto new like decentralization, self banking, anti-censorship, etc

You don't get it. All of this shit will be shutdown. The Fed won't let you use any of this, precisely because it bypasses their control.

>> No.49753354

>>49753116
>Government cannot ban crypto,
They easily can.

>if they do p2p trading will take over.
Anyone who thinks this will be a viable method of cashing out crypto is foolish. They will devote entire divisions to preventing these type of activities. Nobody will want to touch crypto aside from black market participants.

>> No.49753383

What’s the difference between a central bank digital currency and just regular currency? The dollar is already digitised.

The whole point of a crypto currency is its decentralisation. It’s borderless, censorship resistant, open source. There’s no point in a central bank setting up a true crypto because they would have no control over it. This is just an example of an outdated technology trying to remain relevant.

>> No.49753394

>>49753307
>You don't get it. All of this shit will be shutdown. The Fed won't let you use any of this, precisely because it bypasses their control.
no, you will continue to bypass their control, just that coins will randomly and covertly be subverted by governments working with institutional traders, e.g. LUNA

>> No.49753572

>>49753383
>What’s the difference between a central bank digital currency and just regular currency?
An unified ledger
The ability to arbitrarily twist knobs to distort the economy even more: expiration date on your dollars, exclusion to buy X or Y with your money depending on X or Y conditions, algorithmic stimmy checks, [... imagine the rest]
The dram of the central planner

>> No.49753631

>>49753307

You clearly have no clue what blockchain is for. A private, permission system like government run CBDC doesn't have any use for a block chain.

>>49753354

Imagine the politics in the US of trying to ban crypto while forcing CBDC financial surveillance down people's throat. Having the entire libertarian political sector going all in bitcoin in that scenario is bullish as fuck. No the government doesn't want to go down that route. They are better off keeping the gatekeepers of crypto we have now like coinbase. They can more easily monitor and censor people using exchanges like coinbase than if they forced crypto onramping to decentralize and then made it into a political movement.

The other thing to remember is when shit hits the fan, law enforcement are just normal government employees, they work to get paid. And when their salary's purchasing power is dropping like a rock and they're being shoved into CBDC as well and crypto is skyrocketing they aren't going to be too motivated to do their job.

>>49753383

Its just a government takeover of banks and payment processors for more control, surveillance, and power, only possible now because computers are powerful enough to centralize all payments of the currency. Your exactly right, its the exact opposite of what crypto is.

>> No.49753952

>>49753631
>The other thing to remember is when shit hits the fan, law enforcement are just normal government employees, they work to get paid. And when their salary's purchasing power is dropping like a rock and they're being shoved into CBDC as well and crypto is skyrocketing they aren't going to be too motivated to do their job.

Have you been in a coma for the past two years or are we just memoryholing covid now?

>> No.49754077

>>49753952
What does that have to do with anything? Are you proving my point, because a lot instances like in new york the police didn't bother to enforce the stupid ass restrictions handed down from the fed/state.

>> No.49754142

>>49751400
yeah totally people that speculate to keep up with inflation just won't anymore just because the dollar is digital

>> No.49754194

>>49751400
They said the same thing about weed just before it became legal in Canada. Spoiler alert: everyone still buys it from their dealer. Nobody goes to the government run stores.

>> No.49754261
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49754261

>>49751400
literal fake news and bots are spamming this. wonder how are behind the bots

>> No.49754417

>>49752934
CBDCs are literally just ration booklets like they used to have in China. You need both the rice coupon and the money to buy rice or to buy oil, vegetables, literally anything.

A new ration coupon is handed out by your workplace once a month with your allotment calories.

This is exactly a CBDC, it's the ability to control your consumption by the state. It actually already exists in the form of EBT, which can only be used to purchase certain items (no alcohol or cigarettes for instance).

>> No.49754452

>>49751400
Opposite, cbdc is only good if it allows to default the previous system

>> No.49754476

>>49752070
Cope, entropy is on our side

>> No.49754730

https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf

>> No.49754884
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49754884

>>49751400
>crypto will die when a new stable coins gets released!

>> No.49754968

>>49752190
what's the loss if he's a nocoiner

>> No.49754976

>>49753631
>Imagine the politics in the US of trying to ban crypto while forcing CBDC financial surveillance down people's throat. Having the entire libertarian political sector going all in bitcoin in that scenario is bullish as fuck. No the government doesn't want to go down that route. They are better off keeping the gatekeepers of crypto we have now like coinbase. They can more easily monitor and censor people using exchanges like coinbase than if they forced crypto onramping to decentralize and then made it into a political movement.
delusional

>> No.49754987

>>49752225
Imagine money with expiration date. That's cbdc.

>> No.49755017

A US backed stable coin will further legitimatize crypto and send BTC to Pluto. It will legit be the gold of crypto.

>> No.49755024

>>49751400
The combined market cap of US dollar stablecoins already overtook Ethereum and is now second only to Bitcoin. All the governement has to do is come to an agreement with USDC (assuming USDC wasn't their backdoor all along) and the CBDC is official. USDC will overtake Bitcoin and they won't even have to worry about adoption because everyone's already in USDC.

>> No.49755027
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49755027

You're assuming the crypto USD will ever have any value apart from 0.
Good luck convincing miners to spend resources on literal horse shit.

>> No.49755032

>>49755017
This.

>> No.49755108

Bullish for link

>> No.49755136

>>49755024

counting stablecoin marketcap is like counted weth market cap in addition to eth. High stablecoin market cap is bullish for crypto because it just means more dollars are invested in a way that is even easier to invest into crypto. Its like when there is a lot of money in stock brokers, it means there's a lot of dry powder waiting to be deployed.

>> No.49755147

How would one purchase crypto with CBDC? Wouldn't the government make it impossible for you to use CBDC to purchase crypto? Couldn't they write the CBDC code to make it impossible for use in crypto purchases?

>> No.49755174

>>49752026
Correct on the crypto itself, but they need the public to use their currency of control, kyc wallet is the play that is to come. Without a wallet they can monitor and know who is using the currency, it's meaningless, so this is the key thing to find and invest in, because the big boys are already partly invested, and need to leave some out for retail to seem like it's a fair market, in reality it's a bone to the masses. Good luck, do research, it's been posted on this board multiple times.

>> No.49755184
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49755184

Everything is still going according to the plan.

>> No.49755320

>>49755147

same as now. CBDCs will just be like a government version of venmo. so you pay some exchange and can then get credit to buy. its very little difference than traditional bank account except its "the bank account" everyone uses, with a standard way to easily send money.

>>49755174

There are no "wallets." CBDCs aren't controlled by private keys. You will just have an account with some centralized data base like a normal bank account. It literally has nothing to do with crypto. There is no crypto or coin that will every have anything to do with a CBDC. It will just be a government app you run on your phone or something.

>> No.49755422

>>49754261
>fake news
How do you know?
My uncle works at fake news and he's never heard of that story.

>> No.49755911

>>49752354
Except the banks themselves put out documents about "supranational currencies".
Here's what you miss.
They all have their bags packed.

>> No.49756120

>>49755320
You realize that CBDC stands for Central Bank Digital Currency, most crypto wallets are a app, but they are not KYC required for the most part. Yes the wallet will essentially be a app to be used by the old low skillset in tech old elites, but is also considered a wallet, in order to control people further into the future and be used for transactions in the soon to be present. The government has already stated any currency will not fall under the term coin, it can be considered a crypto due to it's security measures and tracing still, as is the current plan. So yes, the wallet is not a typical crypto wallet, it will be one attached to your identify to trace your spending actions once you trigger red flags in said spending, which will grow in the types of triggers of said flags in the future, the only way to make a profit is to get into the wallet, as the elites want the people to be in 'control' and 'responsible' for the financial system, which is proof of stake ownership of said control systems to make it seem as everything is fair when it's just another version of shell game to keep the gears greased so people don't toss the elites out of power for now. Do what you will with this information or not, there is no stopping this crazy train.

>> No.49757207
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49757207

>>49751400
CBDC doesn't solve decentralization or inflation. It's worse than fiat in every aspect.

>> No.49757476

>>49754417
>This is exactly a CBDC, it's the ability to control your consumption by the state.
This is their goal for sure. And punish you if you don't have the right political opinion. Also they will implement MMT where they directly substract the inflation from your account every month.
>Oh geee the inflation was 5% this month. Then we just take 5% of your money. Oh gee how good we are in handling the inflation from your work!

>> No.49757652

>>49752174

waiting for the total crash. then gonna go all in on monero

>> No.49758105
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49758105

>>49751400
Still not selling bro, nobody is gonna use an inflatable government shitcoin that can be shut off.

>> No.49758146
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49758146

>>49754261
You know who anon

>> No.49758242

>>49753307
>will all be shut down
Why hasn't it been shut down already, then? What's the purpose of waiting until cbdcs are ready?

>> No.49759375

>>49757476
Of course it's not 'inflation' they'll be withdrawing for, it's a 5% 'green tax'. We all have to do our part to combat climate change after all.

>> No.49759807

>>49758242
>Why hasn't it been shut down already, then? What's the purpose of waiting until cbdcs are ready?
Why shut down the current cryptos when CBDCs weren't ready? The government wants to extract as much tax dollar from the people as it can. Makes no sense to cuck themselves out of all those tax dollars while their cbdcs are in developement.

You remind me a a leddit faggot who thinks they are making a point when in fact they are just too fucking retarded to realize how wrong they are.

>> No.49759885

>>49751400
This is a ridiculous statement. The government has no interest in stifling innovation or preventing people from using efficient cryptos. The only thing the government cares about is making sure that the financial system is stable and that there is no fraud or criminal activity taking place. Bitcoin is not a threat to the stability of the financial system and there is no reason for the government to treat it with suspicion.

>> No.49759920

>>49751400
CBDCs (no need for the apostrophe btw) won't change the dynamics of crypto except maybe introduce a new stablecoin.

>> No.49760029

>>49757207
Yeah but get this, they can track every purchase made with it. In China they have technology where you "pay with a smile" and you pay via looking up at the camera, it scanning your face, knowing who you are, and then taking it out of your account and transferring it to the store. That is the kind of dystopian future we're headed towards with digital currencies in the west too, China basically beta tests everything for the rest of the world.

If you want to be a huge conspiracy theorist, imagine how much facial recognition technology has advanced these past 2 years with everyone wearing masks due to covid. They have a metric fuck ton of data to feed the AI.

>> No.49760275

Nice thread. Upvoted

>> No.49760298
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49760298

Depends on tbe crypto...

>> No.49760324
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49760324

>>49751400
>CBDC's will send Crypto to $0

>> No.49761423

>>49751400
how high can xrp go

>> No.49761515

>>49754476
2 more centuries. Trust the plan!!

>> No.49761726

>>49752878
buy that dip to zero

>> No.49761973

>>49751400
>CBDC
probably not

but government issued digital fiat is coming and is going to absolutely demolish society as we know it. Probably a 10-20 year timeframe. But I'm scared shitless about it

>> No.49762500
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49762500

Cryptocurrency is a giant scam; it contributes nothing to society.

The sooner that it's all gone, the better.

>> No.49762830

>>49751400
Just like the USPS has nearly put FedEx out of business.

The only way government can compete with private industry is through sheer force by creating a monopoly...a corrupt and inefficient monopoly.

>> No.49763506

>>49752190
>>49754884
People like you remind me how stupid some /biz/raelis are.

>> No.49763559
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49763559

>>49759885
>The only thing the government cares about is making sure that the financial system is stable and that there is no fraud or criminal activity taking place
Imagine actually believing this

>> No.49763633

>>49759885
gr8 b8, m8. No one can be stupid enough to actually believe this. Remember when all our senators started liquidating their positions before they announced the first lockdowns? We are ruled over by the evil, not the incompetent (unless they're black, then they're both).

>> No.49764163

>>49754987
Then people purchase long-term assets. Which drives down the value of cbdc. The whole concept is a crock of shit.

>> No.49764214

>>49751400
take your corruption coins elsewhere

>> No.49764233

>>49752723
>try to take a bunch of cash through the airport while moving
>confiscated
imagine living in fucking Nigeria

>> No.49764274
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49764274

>>49751801
>have digital world currency
>offend MAPs
>unpersoned and money blocked
>starve

>> No.49765413
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49765413

>>49764274
>starve
That's simple
You uhh.. eat the maps

>> No.49766002

>>49756120
So what will the CBDC be built on?

>> No.49766049

>>49751945
Youre fucking retarded if you think a cbdc will be anything other than a centralized oracle db.

>> No.49766083

>>49766002
A classic centralized database they have full control over.

>> No.49766127

>>49766002
xrp

>> No.49766137

>>49751400
Bullish for xrp

>> No.49766213

Cbdcs are the polar opposite of cryptos. You dont replace a thing with its exact opposite. Crypto being a reaction to the issues with fiat, and cbdc doubling down on the real problems, makes crypto increasingly justified and valuable.

>> No.49766224

>>49766002
https://www.pymnts.com/news/payment-methods/2022/fednow-pilot-brings-new-features-use-cases-for-instant-payments-in-23-and-beyond/ They laid out everything but the currency which they are making itself and the wallet to hold said currency, we have no way to invest in the currency they design, but the wallet we do, and it's not xrp >>49766127 you low iq potato, it was a test run, the early people got their payoff for experimenting, regular joes got fucked, and the sec has kept them busy with lawsuits to keep people distracted as they usually do while they put their real plans in action.

>> No.49766275
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49766275

>>49758146
i don't trust people who trim their nails like that.

>> No.49766667

>>49752070
Look here, glowie. I don't think you quite understand how unpopular you and the people you work for are. Most people don't trust you, therefore most people will not do business with you as an intermediary unless they're held at gunpoint. Your big problem is that we still have guns to point back at you. So get your superiors to ask themselves "do they feel lucky?".

>> No.49766823

>>49766002
The same lies backing every other central bank issued currency, only they can see every transaction and therefore control whether that transaction occurs or not. Been a bad boy on 4chan? No tendies for you. Wagie complaining about the cagie? Your credit card payment just got declined. You just walked in to planetwide total surveillance state run by child-eating, demon worshipping psychos.

>> No.49767276

>>49751400
you faggot,
the purpose of crypto is not at all the same purpose as CBDC. go back to plebbit right now.

if you don't hold crypto when this shit comes around you are literally doomed nigger

>> No.49767371

>>49761423
>>49766224
>>49766127
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.

>> No.49767395
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49767395

>>49755174
just spill the beans cunt ffs this board will judge your coin it's probably a total shitcoin regardless

>> No.49767755

>>49751400
>Ironically it's over
Yet they can still print and bitcoiners still can't print. You either believe in math or you dont.

>> No.49768025
File: 404 KB, 840x854, 1616476050682.png [View same] [iqdb] [saucenao] [google]
49768025

I hate all of you for making me buy into this ponzi scheme. you are evil.

>> No.49768185

>>49768025
Just short it if think it's going to zero

>> No.49768251

>>49751400
>Goodluck convincing the green

lmao

>> No.49768289

>>49767755
I believe in chinese hardware backdoors/

>> No.49768601

>>49767371
Look, shit bot, I literally said why xrp is not correct, I see you spamming boards and this shit is not going to help you do anything against or for the xrp nuts, they are married to their bags, either they go to zero or make a shit ton of money, either way I don't care, please get a better bot or better yet go fuck up some of those scam marketing groups hurting the fine people here vs the fucks on reddit.

>> No.49768653

>>49767395
No, eat a dick and do some research, would say the archive but that shit is doa so good luck, and have a nice day bagholding link, you should get 60 bucks around 2025-2026 for them.

>> No.49768665

>>49753383
>What’s the difference between a central bank digital currency and just regular currency?
Taking private banks out of the equation. The only bank will be the central bank.

>> No.49768795

>>49764274
>pic
Is there one with a giant holographic Gadget telling him that he's a good boy?

>> No.49769071

>>49751974
Imagine using a fed-backed stablecoins. Imagine getting your funds frozen at will.

>> No.49769310

>ITT people jerk the fed off like they're gods
Kikes depend on the boiling frog, they've been at it for like 100 years now. They're already doing a sloppy job of things, they won't be able too coordinate shit.