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The Federal Reserve is looking into developing a digital currency in the US, Powell confirms

BarnacleBob

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Bigfoot

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Things are starting to happen quick. MIT and Bill Gates prepare vaccines with microchips, as the Fed prepares digital money, and the DOJ requests a suspension of the US Constitution. Meanwhile the media keeps the public terrorized by a virus and urges obedience, while many city and state governments shutdown businesses and prohibit large gatherings.
 
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the_shootist

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The Fed is not doing so well these days. 'Looking into' 'proposing' 'considering' ....these terms don't amount to a hill of beans. The Fed is in big trouble these days IMHO. All kinds of shit is being tossed around out there by every Tom, Dick and Harry with a computer, a smartphone and an iPad.

These are historic times and we need to try and stop complaining about the same old things in the same old ways. Look around....this isn't the world the way it was just last week, let alone what it used to be for the last 100 years!
 

ZZZZZ

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Yeah, they've been talking a "digital dollar" for a couple of years. They just don't want to legitimize Bitcoin in the process.
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Joe King

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Yeah, they've been talking a "digital dollar" for a couple of years. They just don't want to legitimize Bitcoin in the process.
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When they finally get their digital dollar, I hope that everyone who bitched and complained about bitcoin ends up choking on the Fed's crypto.

The People had a chance to adopt a non-gov controlled digital currency, but chose not to.
 

hardmoney

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When they finally get their digital dollar, I hope that everyone who bitched and complained about bitcoin ends up choking on the Fed's crypto.

The People had a chance to adopt a non-gov controlled digital currency, but chose not to.

NO. The whole digital currancy thing was a trojan horse from the beginning. They let all the smart kids hammer it out in moms' basement and then monopolize the tech by making everyone elses' coin illegal.
 

Aurumag

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Blythe Masters left the banksters and jumped head-first into blockchain.

The banksters have been using the blockchain in order to conduct inter-bank/overnight transfers for years at virtually ZERO cost to themselves.

Meanwhile, their engineers have modified the original bullet-proof security built into the blockchain in order to accommodate more back-doors than Cisco and Microsoft combined.

Timing of implementation is the key...
 

ZZZZZ

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Blockchain is a whole different animal than Bitcoin, or any of the 2,000 other cryptoids out there.
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Aurumag

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Blockchain is a whole different animal than Bitcoin, or any of the 2,000 other cryptoids out there.
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Bitcoin is a very old (by Moore's Law Tech Standards) variation of the blockchain.

BTC = 4 transactions per second

EOS = 4000 transactions per second

The banksters are NOT using BITCOIN, and even EOS will be need to be replaced by a system which can handle millions of transactions per second.

Again, Moore's Law applies.
 

Joe King

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NO. The whole digital currancy thing was a trojan horse from the beginning. They let all the smart kids hammer it out in moms' basement and then monopolize the tech by making everyone elses' coin illegal.
Had enough people adopted and used any of the non-gov cryptos, they couldn't have done anything about it. Once enough people decide to do or not do a particular thing, the gov would have no choice but to accommodate it in some form or fashion.
 

Strawboss

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Had enough people adopted and used any of the non-gov cryptos, they couldn't have done anything about it. Once enough people decide to do or not do a particular thing, the gov would have no choice but to accommodate it in some form or fashion.
Early iterations are simply not scalable...so - even if they attracted the masses of people that you describe - the infrastructure couldnt handle the load which is the point Aurumag is making.
 

Joe King

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Early iterations are simply not scalable...so - even if they attracted the masses of people that you describe - the infrastructure couldnt handle the load which is the point Aurumag is making.
That may be so, but it would have shown the crypto developers a good reason to create one that is scalable.
After all, necessity is the mother of invention as they say.
 

Buck

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#15
ooooo

'House Democrats'
'Forward-Looking'
"Digital Dollar'
'Digital Dollar Wallet'

hmmmm
Q:
What could possibly go wrong?


A:
.gov
 
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BarnacleBob

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I suspect that the individual & child stimulus will require the individual to apply & receive an electronic wallet. Once the wallet is operational, digital funds will be deposited in said electronic wallet/account. By this means individuals will be enticed into voluntarily accepting the wallets & digital currency....
 

Joe King

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the_shootist

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We already have digital dollars in the form of EBT, credit and debit cards as well as Paypal. This next move simply outlaws the money stashed in everyone's mattress. I wonder how that's gonna work.
 

hammerhead

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I suspect that the individual & child stimulus will require the individual to apply & receive an electronic wallet. Once the wallet is operational, digital funds will be deposited in said electronic wallet/account. By this means individuals will be enticed into voluntarily accepting the wallets & digital currency....
That's the goal.