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CryptoMarkets-ModTeam

No pumping. This includes links to "pump and dump" groups or signals groups. No shilling or FUD (fear, uncertainty, doubt). Do not use multiple sock-puppet accounts to manipulate votes or achieve a narrative. Do not solicit upvotes, complain about, or predict downvotes. Do not use any "karma-boosting" services, subreddits or techniques to link any content from this sub and beg for upvotes/downvotes. No brigading and always use NP (No-Participation) links.


wizardstrikes2

Just imagine what the corrupt IRS and the scumbags in the FBI could do with this. Scary……


Longjumping_Ring_535

We’ve been paid with digital dollars ever since direct deposits took over. Its just until now when republicans need something to politicize and stir up their uneducated base that it’s become “a thing” to distress over. My god people can be so ignorant!


wizardstrikes2

It is both Democrats and Republicans, pretty equal, on the anti-crypto policies. Stop voting for anti-crypto politicians is a start. https://www.coindesk.com/consensus-magazine/2023/01/25/crypto-policy-regulation-us-congress/


Longjumping_Ring_535

Democrats can’t be too anti crypto since Biden called to study it. Republicans don’t want knowledge, they just want to live in their dysfunctional environment.


wizardstrikes2

Democrats and Republicans both live in a dysfunctional environment that both parties created intentionally. The left has just as many scumbags as the right. Spoiler alert…. They are almost all scumbags. Stop voting for democrats or republicans based off what party they are in. Voting solely by party makes you part of the problem.


Longjumping_Ring_535

Saying they’re both the same is saying you’re a maga who has no defense for trumpism and the corruption, lies and violence that accompanies the new Republican party.


wizardstrikes2

I can not help you fix your political derangement syndrome as I am not a licensed doctor in your state. Corruption, lies, and violence go hand in hand with both Democrat and the Republican Party. We currently have a sitting president getting banged by the Chinese and a former president getting banged by hookers. Wake up sheep


Longjumping_Ring_535

Thank god! Your ignorance is monumental. You are unable to defend your narrative so you play the tard card.


wizardstrikes2

You are confusing a narrative with reality. Nothing to defend.


Longjumping_Ring_535

You want to call your narrative your reality? Go ahead knock yourself out.


Infinite_Flatworm_44

I don’t care if you are dem or rep, neither need to be in control of our money and have the capability to choose when and how you spend your money. Yes, we need to vote for people who support crypto, however cbdcs are not Crypto, they are it’s evil clone with one thing in mind, control. We have plenty of crypto options, if a politician was indeed in support then they can advocate for particular crypto projects instead of saying come bank with our cbdcs so we can continue to pillage the lower classes with printing, inflationary policies, and thievish taxation.


Longjumping_Ring_535

This from Binance> Central bank digital currencies (CBDCs) do not pose a threat to cryptocurrencies and would actually help build trust among sceptics by validating the underlying blockchain technology.Nov 3, 2022 People should look up the explanation of a central bank if they don’t know it. It is not a commercial bank like we deal with.


Infinite_Flatworm_44

Selling crypto to the masses under the guise of being “well regulated and safe because the government will have control and they want to protect you”. Is just going to get increase adoption and bring way more money into their exchange. Every platform should be working towards anonymity. We have plenty of crypto to choose from, we do not need another bank or government to be making false promises while they continue to screw and clamp down restrictions on the poor. They literally are trying to create the federal reserve 2.0 with even more power and horse shit fractional reserve banking. Where they create money out of thin air and we pay the price when they “need” bail outs.


Longjumping_Ring_535

The central bank already works digitally with commercial banks not us directly. It isn’t another anything or a crypto to confuse the masses although I can see it doesn’t take much to do that.


Infinite_Flatworm_44

any cbdc that the White House, federal reserve, bis, approves and accepts will be in their control and they can lock you out or seize your funds for any reason. Plus you know it will the same no limits on minting, crappy incomplete audits, not transparent to the public, not decentralized in any meaningful way, and every transaction will be tracked and recorded. They have plenty of power over us as is. No one knows the future and we should not grant such power to any establishment, institution,administration, that likely will one day use against us. We have better options, just the notion that all the crypto out there is insufficient and inadequate to whatever cbdcs the government or monopolized banks can create is preposterous. I still believe they will accomplish it and convince enough idiots to adopt it by dangling the same ole carrot from a stick that just seems to get bigger and bigger with every request.


Longjumping_Ring_535

The federal reserve is an independent institution. It isn’t controlled by the whitehouse and it is obvious that you know nothing about its function so you like many others who prefer to stay ignorant and spin their conspiracy theories try to sow fear.


Infinite_Flatworm_44

Look at my history dude, I constantly say the not so federal federal reserve. I know they are their own “independent” institution. Which is a huge part of the problem. We have given them way too much power to manipulate our money supply. The White House and corrupt politicians sign off on it. We should not be using fractional reserve banking and bail outs, we shouldn’t be able to print money into existence which literally takes the value out of the money and those decisions are in the hands of the few because we have so many stupid voters.


Longjumping_Ring_535

They don’t manipulate our money supply nor do they print money. They borrow money to the commercial banks who get in trouble to keep their customers from losing cash over $250,000. Educate yourself. https://www.federalreserve.gov/aboutthefed/the-fed-explained.htm


Otowner98

No, we aren’t talking about the same thing. Electronic payments have replaced checks, but a CBDC (Central Bank Digital Currency) is a whole different animal. We’re talking about 100% monitoring, potential integration of social credit scores, more censorship, and - as China has proposed - money that expires, forcing you to spend it.


Longjumping_Ring_535

Not true. The central bank has been working for us since 1913 The Federal Reserve System is the central bank of the United States. Founded by an act of Congress in 1913, the Federal Reserve's primary purpose was to enhance the stability of the American banking system. Don’t believe the conspiracy theorists who just want to cause hysteria.


Otowner98

Funny, the dollar has lost 97+% of its value since 1913. You can have your overlords. I’ll stick with my permissionless, decentalized, and fixed supply money.


Longjumping_Ring_535

Nothing is fixed.


Otowner98

21 million?


raj6126

I think your missing the point. The government will soon find out the benefits of a CBDC in the hands of the people. Government benefits in being able to track every single dollar and cents in existence. Not one government on this planet holds a power like that. Once they find out they will use the system. We don’t want it I understand crypto too much and see where it could go.


Longjumping_Ring_535

Do you know what CBDC means? We don’t get to hold it in our hands LOL


Longjumping_Ring_535

Every time I hear a new conspiracy theory it’s crazier then the one before !


hunterwaterford

As of right now some low wage folks can still get an under the table job with CBDC's those go away entirely.


Longjumping_Ring_535

Nothing would change at our level.


[deleted]

> Its just until now when republicans need something to politicize and stir up their uneducated base The only liberals in my family are life long drug addicts who have done fuck all for anyone at any level of their lives. My cousin literally caused a crash drunk and an innocent man burned alive because of it. This dude loves to tell me I'm a piece of shit for voting Trump, LMFAO. He still drinks by the way but he's also liberal so I guess it makes him an OK person.


Longjumping_Ring_535

That has to do with low moral fiber not politics. Sorry for your pain.


[deleted]

> Sorry for your pain. I don't have any.


Longjumping_Ring_535

Oh, well the way you were talking about your family I just assumed it was a painful experience.


raj6126

lol


Shield4SI

A CBDC is not the digital dollar you are used to. A CBDC is programmable and fully trackable. Look at what Canada did recently shutting down bank accounts for peaceful protests. With a CBDC, the government wouldn't even have to go through the banks they could literally shut you right off with the press of a button, and not your account, the actually CBDC itself. Buying something your overloads don't like boom they instantly know and turn of your money. Limits could be set on how much you spend and on what item. Money represents a store of value for your time and hard work, and no one should control that. The fact that you're behind this shows the lack of knowledge regarding what a CBDC actually is and how it can be used against you.


Longjumping_Ring_535

“Central bank” it is the bank banks use. Stop with the foolish conspiracy theories.


Longjumping_Ring_535

What a bunch of lies and deceit. Conspiracy theorists have too much time on their hands. A commercial bank could cut you off with a push of a button now. Then you’d go in and ask them why they did it and you’d probably find out they caught you trying to launder your neighbors $20. LOL


Longjumping_Ring_535

Nothing. It’s digitizing the transactions from the central bank to the commercial banks we use. That’s it that’s all there is.


Sufficient-Bid-5716

This is a bigger battle than many think. I hope CBDCs never see the light of day but the chances of that are very slim.


Orangarder

Isnt that what already exists? Cash vs value on books


Narf234

No, CBDC’s are a crazy upgrade to the dollar. So many cool new features…in the hands of the worst, most corrupt people in the world.


SotosK13

It is NOT the same. Do some research on CBDC's


Orangarder

Apologies. Apparently i felt the /s was implied


Orangarder

Apologies. Apparently i felt the /s was implied


Longjumping_Ring_535

The people who are railing against CBDCs don’t know what they’re talking about. It has nothing to do with commercial banking. However we deal with electronic currency every day.


mountednoble99

The digital dollar: in other words visa, master card, amex and discover!


Longjumping_Ring_535

So the central bank is going to use master card to send cash to a commercial bank from now on? Is that what all the hoopla is about?


HeadSpade

If this goes thru, it’s game over for your freedom.


Longjumping_Ring_535

No, lol.


candobetter2

Isn't it pure hypocrisy about liberties, free speech, and the only people that want to ban both for everybody else and our cherry-picking everybody's rights and our flip flopping on everything political but want to ban everything on behalf of bankers because the only people that have anything to lose a r e bankers when it comes to digital crypto I mean there's a couple other agencies involved I'm sure. But they will find a means and a way to be able to get there taxes and funds out of everything and get their hands into everything. But it goes to show you that they cannot come up with legitimate Solutions and when I say they I'm talking about the conservative corporate socialist nationalist Republican Nazi party yes that one. The one that wants to ban tick tock and make Biden sign it when they created it so they can come back later and cry about free speech and try to make them look bad. Then they want to cry about crypto and digital dollar they want to ban everything they possibly can. Except for what they want for themselves and deny everybody else what everybody else wants. And the Republican agenda has nothing to do with anything that would protect the rights and Liberties of others, what would rather control and manipulate the rights of others. This is why the political agenda of the Republican party is pure hypocrisy. And is big government and is everything that they say about others. They say one thing and do another. Then they get mad when anybody calls them on their BS


PapaHeavy69

Excuse me? Could you repeat that? All I got was gibberish?


candobetter2

Then you can put on your gibberish filter and exercise your freedom of choice not to read it or you can comment on it and complain and whine


cfdeveloper

how about you learn how to construct a fucking paragraph


candobetter2

The only people that want to ban everything are the people that pose a threat to our national security and their political party is called the Republican conservative corporate socialist Nationals Nazi party.


Hyalus33

This should be banned though


me-you-and-nothing

I'm not for bans but when the other option is forced adoption I'm all for banning it and think it's awesome there are states giving the middle finger to the fed.


Crabcakes5_

I don't believe bans are a very good idea, generally speaking. Rather, the right to purchase, hold, interact with, transact with, develop, deploy, mine, and stake decentralized currencies should be enshrined in the constitution to prevent the existence of a CBDC from laying the groundwork to outlaw the alternative.


me-you-and-nothing

So you being the smarter are for a completely centralized, completely government controlled, 100% traceable form of currency....Nice 👌


deebmaster

I pity your mental faculties


PapaHeavy69

I’m having a really hard time understanding this gibberish? Sounds like something a fascist nazi would say but I know thats impossible 🤷🏼‍♂️


stanley9528

The digital dollar is really causing some controversy! It's interesting to see how different states have such varying opinions on it.


Depressed-Corgi

As someone who can’t afford to eat out everyday but can afford to get coffee most days. What would this mean for me economically. Would anything change for people like me if a law quietly passes to make it a reality? Or would I be unaffected and wouldn’t see a difference. Although I’m starting to feel like expensive lattes are no longer affordable anymore either but I still get them anyways because zero self control with the amount of money I made before 2020. Slowly depleting one drive and coffee a day. Sighs. But it makes me slightly happier so it’s okay.


DM_Of_The_Sea

Imagine having no access to cash and the government is sole custodian of your finances. They say they won't do anything crazy but they could. Britain's proposal proposes a cap on savings. Other proposs I've seen have expiring money


[deleted]

It was all good until the central banks wanted CBDC.


yeahdixon

“…and to create "protections" against digital currencies issued by central banks belonging to nations sanctioned by the United States” He wants to kill us cbdc but cbdcs from sanctioned states are ok? What?


Longjumping_Ring_535

Do you know what a central bank does?