>FRB will make their own altcoin
What do you think?
FRB will make their own altcoin
Jack Hall
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Eli Parker
will moon hard and everything else dumps
Jackson Green
If they do this BTC will win, unironically.
It legitimises cryptos whilst simultaneously confirming Satoshi single handedly bent the will of the most powerful organisation on earth. If FR makes a crypto dollar it will solidify BTC as the new gold. 5TN market cap easy, governments will start buying it.
Jeremiah Bailey
>from the makers of the us dollar.
Parker Phillips
desu inflation is needed for taxing
John Morgan
>buying a centralized coin
yeah like that's going to end well, just look at the 900 other coins
Angel Murphy
you mean it's needed to cheapen government debt while stealing from the little man? either way, it doesn't make any asset attractive. nor does the outlook of censorship and surveillance.
Xavier Perry
PUMP and dump
Nathan Flores
id ironically shill it for gains
Nathan Stewart
this is good for shitcoins you fucking retards
Adrian Kelly
It will be an inflationary shitcoin. What's the purpose of a crypto if it acts like fiat shit?
Jaxson Watson
Tfw usd isnthe tether of fiat
Connor Sullivan
crypto is essentially fiat. the only thing missing is force backing it.
Aaron Peterson
>"The paper that's in your pocket, that we call money, only has value because we believe it has value, because we believe the government stands behind it. It's all trust issues," Harker said
Holy shit that's embarrassing. How is this guy so stupid?
See, you're at least a little smarter than him. Crypto is backed by (trust in) math. Until we get fuckoff complex quantum computers or some shit, there are going to be under 21 million Bitcoins and they will remained assigned to the people who've earned the assignment. That's why it's valuable.
Conversely, the numbers in your bank's servers are backed by (trust in) the Fed & the government. As we've seen from countless historical incidents, that's worth approximately dogshit. USD's real value comes from being the one currency accepted for US taxes, the one currency accepted for oil, and reserve status (where it's the least shitty and devalued of all other currencies). Force backs the first two, but crypto threatens the third (because even the shittiest BTC clone is harder to arbitrarily devalue than the USD).
Very little. Relatively instant transactions vs. overnight COBOL jobs for interbank transfers, but otherwise the financial system setup around the USD is as optimized as you're going to get with all the mandatory anti-money laundering & inflation managing features the government demands.
Basically this.
Carter Davis
Wait a second, what did I just write?
>reserve status (where it's the least shitty and devalued of all other currencies). Force backs the first two, but crypto threatens the third (because even the shittiest BTC clone is harder to arbitrarily devalue than the USD).
Oh fuck, what if the Russian, Chinese, and Iranian governments pile into their own well-designed altcoin? Throw in some untraceability, twist the arms of a couple banks, and they don't need SWIFT, just the internet.
David Cook
the purpose of crypto is giving us the choice not to use such a shitcoin
Ryder Fisher
Don't they own (((blockstream))) already
Parker Rogers
holy fuck this
Kevin Taylor
...
Aiden Reyes
whens the ICO?
Adam Gonzalez