Bitcoin, Cryptocurrency, and the Future of Global Finance

#1,951
#1,951
LSU-SIU said:
You already have that, its the reserve currency of the world the U.S. Dollar, see Bretton Wood II.
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Not like chinas system . I believe this ( in some capacity or hybrid) is the ultimate goal . Once all the currency is standard by all governments , then they can force you to behave based on their ideology . So I guess it’s really more about the overall system and not just the currency but that’s how they will get there .
 
#1,952
#1,952
0nelilreb said:
Not like chinas system . I believe this ( in some capacity or hybrid) is the ultimate goal . Once all the currency is standard by all governments , then they can force you to behave based on their ideology
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The U.S. Dollar is already forced on the world, see Bretton Woods II. How do you think the U.S. forces countries to do their will?
 
#1,954
#1,954
0nelilreb said:
You can’t take the dollar and force a social credit score on individuals , that just isn’t going to happen .
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There is no way to get off the U.S. Dollar system, any country can do whatever they want with their local currency but they are all tied into the US Dollar.... unless you want to go all Mad Max.

You will probably not see another functional global credit system in your lifetime. And yes, the United States could force tracking everything.
 
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#1,955
#1,955
LSU-SIU said:
There is no way to get off the U.S. Dollar system, any country can do whatever they want with their local currency but they are all tied into the US Dollar.... unless you want to go all Mad Max.
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It will take a major catastrophe, yes . Fear and propaganda will take care of the rest . Anyone that doesn’t think it can happen , we just went through a small scale taste of how easily people will give up everything and turn on each other with the Chinese virus .
 
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#1,956
#1,956
0nelilreb said:
It will take a major catastrophe, yes . Fear and propaganda will take care of the rest . Anyone that doesn’t think it can happen , we just went through a small scale taste of how easily people will give up everything and turn on each other with the Chinese virus .
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Eventually, the current system will collapse due to Math (expontential growth supply and demand required i.e. interest), but in the meantime they appear to want to intentional collapse it. It will eventually collapse, than the liquidation begins.... see you in many decades. The current system is all there is for the people that are alive today, this isn't 1930-1945... it will be much worse this time.
 
#1,957
#1,957
LSU-SIU said:
Eventually, the current system will collapse due to Math (expontential growth supply and demand required i.e. interest), but in the meantime they appear to want to intentional collapse it. It will eventually collapse, than the liquidation begins.... see you in many decades. The current system is all there is for the people that are alive today, this isn't 1930-1945... it will be much worse this time.
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I understand what you are saying but the math actually stopped meaning anything when we went away from the gold standard and being able to physically/ materially held responsible for spending . Putting on my tinfoil hat to ask a question now .. what would happen if we have another world pandemic , let’s say it’s worse this time by double , and all the governments held a G whatever meeting , and the proposal was for each government to forgive all debts to or from other countries if .. they all agreed on using the same currency . Would we still have the dollar or a new digital currency ?
 
#1,958
#1,958
0nelilreb said:
I understand what you are saying but the math actually stopped meaning anything when we went away from the gold standard and being able to physically/ materially held responsible for spending . Putting on my tinfoil hat to ask a question now .. what would happen if we have another world pandemic , let’s say it’s worse this time by double , and all the governments held a G whatever meeting , and the proposal was for each government to forgive all debts to or from other countries if .. they all agreed on using the same currency . Would we still have the dollar or a new digital currency ?
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A system based on attaching interest to the money supply would be even more restrictive if based on finite resources i.e. gold. The world can't exponentially grow the gold supply for long, so a detachment happened to allow credit expansion. We now us credit as money. Now the system can normally expand exponentially anyway as at the end of the day humans can't demand or supply exponentially... this system made it about 75+ years... it was overdue to collapse in 2008.
 
#1,959
#1,959
LSU-SIU said:
A system based on attaching interest to the money supply would be even more restrictive if based on finite resources i.e. gold. The world can't exponentially grow the gold supply for long, so a detachment happened to allow credit expansion. We now us credit as money. Now the system can normally expand exponentially anyway as at the end of the day humans can't demand or supply exponentially... this system made it about 75+ years... it was overdue to collapse in 2008.
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Soooo yes we would have a new currency in your opinion ?
 
#1,961
#1,961
All these digital currencies are useless without interoperability. That is where the money will be made. And the fact CBDC's are popping out everywhere tells you the interoperability is all ready to go. NFA.
 
#1,963
#1,963
0nelilreb said:
There’s only one eventual goal, a standard world currency. Doesn’t matter how or what perspective you view that from , that will lead to two things happening.. 1) more control for governments 2) less freedom for the individuals. ( IMHO) China has set the system up with the blueprint and its working . Every government would implement this tomorrow except for us , so now it’s just down to how long we can hold out . Again ..my opinion .
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And that's where the vaccine passports (or something similar) comes into play. Total control by the government. If its "for our safety" the sheeple will come running to get in line. I think this will happen by 2030. (This is also my opinion)
 
#1,964
#1,964
VolinWayne said:
And that's where the vaccine passports (or something similar) comes into play. Total control by the government. If its "for our safety" the sheeple will come running to get in line. I think this will happen by 2030. (This is also my opinion)
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Back a long time ago, natural selection would have taken out the sheeple that you see wearing masks alone in their car. Now we are stuck with them until someone gets pissed enough to kill em.
 
#1,965
#1,965
You cannot make this $h!t up!!!

The SEC is looking like the corrupt clown show it has been for decades, in the bogus lawsuit while the commissioner of the Commodities and Futures Trading Commission is the keynote speaker at R3's flagship conference CordaCon.



HMM I wonder who will be regulating digital currencies in the 4th industrial revolution?
 
#1,966
#1,966
VolStrom said:
Back a long time ago, natural selection would have taken out the sheeple that you see wearing masks alone in their car. Now we are stuck with them until someone gets pissed enough to kill em.
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Haha given what recently happened with the MAGA supporter getting run over I'd say you might be onto something. The only problem with that is probably the only people with enough hate to kill somebody for wearing a mask are the ones wearing the mask.
 
#1,967
#1,967
reecetn said:
You cannot make this $h!t up!!!

The SEC is looking like the corrupt clown show it has been for decades, in the bogus lawsuit while the commissioner of the Commodities and Futures Trading Commission is the keynote speaker at R3's flagship conference CordaCon.



HMM I wonder who will be regulating digital currencies in the 4th industrial revolution?
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You really don't think the government is going to let anyone make money on crypto do you? Well, not any commoners, anyway.
 
#1,968
#1,968
VolStrom said:
You really don't think the government is going to let anyone make money on crypto do you? Well, not any commoners, anyway.
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The SEC does not have power over digital currency. It is global, and Ripple said when this all started they are operating as if they already lost the lawsuit, and doing quite well at it. Ripple has signed multiple billions of dollars of clients outside the US this year while they are being sued in the US. If the SEC "wins" the world will go without the US. The US will be a third world nation because it already lost manufacturing if the it loses the FinTech race the US is finished, except for those invested in the new financial system.
 
#1,969
#1,969
reecetn said:
The SEC does not have power over digital currency. It is global, and Ripple said when this all started they are operating as if they already lost the lawsuit, and doing quite well at it. Ripple has signed multiple billions of dollars of clients outside the US this year while they are being sued in the US. If the SEC "wins" the world will go without the US. The US will be a third world nation because it already lost manufacturing if the it loses the FinTech race the US is finished, except for those invested in the new financial system.
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🤔 “ with us or without us “sounds like a familiar concept/ scenario that I’ve heard somewhere before .
 
#1,970
#1,970
0nelilreb said:
🤔 “ with us or without us “sounds like a familiar concept/ scenario that I’ve heard somewhere before .
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Ripple is backed in a corner by the SEC. It should come as no surprise given the SEC commissioner Gary Gensler was the campaign manager for Hillary Clinton. Clearly Ripple wants to do business in the US because surprisingly they have not left yet. Most would have left a long time ago considering the previous commissioner Hinman sued Ripple on his last day before he went to work with one of their competitors. Blatantly illegal, but we live in a country that cancels the truth and glorifies criminals.
 
#1,975
#1,975
Thunder Good-Oil said:
Russian and CCP hackers.
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It is going to be funny to see what happens to the first entity that tries to hack an enterprise decentralized distributed ledger.

It won't be Russia or China the BRICS nations are already on Ripple's enterprise DLT. It would be like cutting their own wrists with razor blades if they did.
 
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