• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

GIM Funding Drive. next weekend only Feb 4, 5,6

Fri thru Sunday only

Switzerland tests digital currency payments with top investment banks

Goldhedge

Retired
Survivor
GIM Hall Of Fame
Midas Supporter ++
Joined
Mar 28, 2010
Messages
65,436
Reaction score
142,937
Location
Rocky Mountains

Switzerland tests digital currency payments with top investment banks​

By John Revill and Tom Wilson

ZURICH, Jan 13 (Reuters) - Switzerland's central bank has successfully used digital currency to settle transactions involving five commercial banks, the Swiss National Bank said on Thursday, the latest trial of the technology in wholesale markets.

 

ds_mustang

Libertarian, Capitalist, Software guy
Silver Miner
Joined
Apr 1, 2010
Messages
1,549
Reaction score
1,398
Those are Central Bank Digital Currencies (CBDC), they are essentially the same as fiat currency but with even more tracking and control. CBDC are very different from decentralized crypto like Bitcoin and Ethereum. There is a huge effort going on right now to blur the distinction via language so ordinary people will think CBDC are the same as decentralized crypto. The next step will be to regulate away real crypto and substitute in CBDC, trapping everyone in government fiat "crypto."

If it's not decentralized, it's not crypto.
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
24,047
Reaction score
31,353
If it's not decentralized, it's not crypto.
if .gov says it's crypto, it's crypto

they control it all and when they take away any of the rest, what's left over will be crypto



and to think, for several years, millions have been championing and working that trial balloon until .gov said to themselves: "They're Hooked"
 

BeefJerky

Site Supporter
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
1,280
Reaction score
1,958
Those are Central Bank Digital Currencies (CBDC), they are essentially the same as fiat currency but with even more tracking and control. CBDC are very different from decentralized crypto like Bitcoin and Ethereum. There is a huge effort going on right now to blur the distinction via language so ordinary people will think CBDC are the same as decentralized crypto. The next step will be to regulate away real crypto and substitute in CBDC, trapping everyone in government fiat "crypto."

If it's not decentralized, it's not crypto.

Like that hasn't been the plan all along.....lol

Speaking of blurring distinction "digital gold".... that's another one that's a hoot.
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
24,047
Reaction score
31,353
Speaking of blurring distinction "digital gold".... that's another one that's a hoot.
paper metal, NFT's, derivatives..........and soon the worker bees will work for half pay as the other half is deducted for 'Comfort Fees'
 

ds_mustang

Libertarian, Capitalist, Software guy
Silver Miner
Joined
Apr 1, 2010
Messages
1,549
Reaction score
1,398
Like that hasn't been the plan all along.....lol

Speaking of blurring distinction "digital gold".... that's another one that's a hoot.
You should really try to draw a distinction between people making technology for everyone to use and remain free (even if you don't agree with it) vs governments trying to remain in power and keep everyone suppressed. When you group them together you're only helping the authoritarians.
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
24,047
Reaction score
31,353
You should really try to draw a distinction between people making technology for everyone to use and remain free (even if you don't agree with it) vs governments trying to remain in power and keep everyone suppressed. When you group them together you're only helping the authoritarians.
and you're laying out claims you can't validate

these 'people', it's not clear who they all are and you can't prove .gov wasn't involved any where along the line of 'creation'


perhaps it is you and others like you that have actually been helping .gov with 'proof of concept'

now i can't prove that either but all signs are pointing that way with the declaration and application of .gov's willingness to create their own: replacement fiat: Crypto
 

ds_mustang

Libertarian, Capitalist, Software guy
Silver Miner
Joined
Apr 1, 2010
Messages
1,549
Reaction score
1,398
and you're laying out claims you can't validate

these 'people', it's not clear who they all are and you can't prove .gov wasn't involved any where along the line of 'creation'


perhaps it is you and others like you that have actually been helping .gov with 'proof of concept'

now i can't prove that either but all signs are pointing that way with the declaration and application of .gov's willingness to create their own: replacement fiat: Crypto
Any tool can be misused by authoritarians. It doesn't make the tool bad. The focus needs to be on shining the light on what makes you free vs what makes you a slave. Gold, crypto, and any other free market chosen assets are about freedom. Fiat and CBDCs are about slavery.
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
24,047
Reaction score
31,353
that's not what i posted...but you get the idea

now simply change your ideology to a more suitable approach:
cryptos are from .gov, about .gov and are against our freedoms and individuality

that's the original intent but they couldn't start any of them out that way...

so,
try that for a week and see if your pov adjusts a bit

it doesn't matter to me, but if you've got a dog in the race, it's wiser to see a complete picture, not just a view of 'how much you can make'
 

ds_mustang

Libertarian, Capitalist, Software guy
Silver Miner
Joined
Apr 1, 2010
Messages
1,549
Reaction score
1,398
that's not what i posted...but you get the idea

now simply change your ideology to a more suitable approach:
cryptos are from .gov, about .gov and are against our freedoms and individuality

that's the original intent but they couldn't start any of them out that way...

so,
try that for a week and see if your pov adjusts a bit

it doesn't matter to me, but if you've got a dog in the race, it's wiser to see a complete picture, not just a view of 'how much you can make'
Cryptos aren't from government. Cryptos were invented and popularized by libertarians as a way to avoid fiat and centralized finance. Government is now trying to co-opt the movement for itself. I don't think they will be successful because nobody is going to want to use digital fiat that 100x worse than "regular" fiat. Especially when there are decentralized alternatives.
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
24,047
Reaction score
31,353
Cryptos aren't from government. Cryptos were invented and popularized by libertarians as a way to avoid fiat and centralized finance.

keep telling yourself:
Our Government Tells Us The Truth, Everyday
Our Financial Companies Tell Us The Truth, Everyday
Cryptos are For The People

i won't argue over the individual startups looking to sell their wares...they're just parroting what they think is in play

the evidence is now overwhelming, it's not for us

it's for them, it always was
 

wastrel

rather annoying
Joined
Mar 31, 2010
Messages
257
Reaction score
556
Location
lost in a corn maze in Ohio
Cryptos aren't from government. Cryptos were invented and popularized by libertarians as a way to avoid fiat and centralized finance. Government is now trying to co-opt the movement for itself. I don't think they will be successful because nobody is going to want to use digital fiat that 100x worse than "regular" fiat. Especially when there are decentralized alternatives.
I think you're wrong on that. Many people will want to use digital fiat, because the government tells them to. Just like many took an "experimental" vaccine because the government told them to.

I'd like it better if you were right, though. What I like about being a pessimist is that I'm so relieved when I'm wrong.