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Get prepared for the pending crypto crash
Posted on 5/9/21 at 4:15 pm
Posted on 5/9/21 at 4:15 pm
GovCoins: The digital currency that will transform finance
The Economist (controlled by the Rothschild family) have announced they are all in on govt issued crypto currency. Notice the engraving on the 2021 coin. Of course this 'secured' and 'transparent' currency will be fed controlled and initially cater to the wealthy and powerful, before the average Joe gets his opportunity
Words have meaning. Nothing out there today will be a part of this global financial transformation. The key words are 'Will Transform'. Translated means the global economy will happen, the current coins wont be accepted, and economists will only push and accept gov controlled crypto
12
Posted on 5/9/21 at 4:25 pm to RobbBobb
quote:
the current coins wont be accepted, and economists will only push and accept gov controlled crypto
So just like now?
Posted on 5/9/21 at 4:25 pm to RobbBobb
I’m in for 10k
Posted on 5/9/21 at 4:46 pm to Tiguar
quote:
So just like now?
Well, except there will be counterfeit charges for anyone holding, or trading non-government backed crypto
So yeah, just like now, with fiat
Posted on 5/9/21 at 4:49 pm to RobbBobb
quote:
Well, except there will be counterfeit charges for anyone holding, or trading non-government backed crypto
How could it be counterfeit if it isn't attempting to imitate another currency?
I'm not seeing the logic on this
Posted on 5/9/21 at 4:53 pm to RobbBobb
The government doesn’t consider it fiat right now. It’s treated as an asset.
Posted on 5/9/21 at 4:58 pm to Powerman
quote:
How could it be counterfeit if it isn't attempting to imitate another currency?
I'm not seeing the logic on this
Well, since an actual coin will never exist to be copied, you are only possessing a series of random calculations. Anyone submitting a non-govt 'coin' for exchange has obviously mined a counterfeit. Which will be explicitly banned by the future govt-backed crypto currency act (CCA)
Posted on 5/9/21 at 5:00 pm to RobbBobb
This isn’t going to happen to crypto as a space. It’s going to happen to USD and possibly the USD stablecoins.
The government is going to crack down on paper dollars being used to skirt the IRS.
The government is going to crack down on paper dollars being used to skirt the IRS.
This post was edited on 5/9/21 at 5:01 pm
Posted on 5/9/21 at 5:00 pm to Tiguar
quote:
doesn’t consider it fiat right now.
The article clearly says its in the near future. And the govt version will transform finance
Posted on 5/9/21 at 5:01 pm to RobbBobb
So to reiterate, just like right now 
Posted on 5/9/21 at 5:02 pm to RobbBobb
quote:
Anyone submitting a non-govt 'coin' for exchange has obviously mined a counterfeit.
They aren't claiming it to be a government coin so how the frick can it be a counterfeit? You're not making any sense.
Posted on 5/9/21 at 5:03 pm to Tiguar
quote:
This isn’t going to happen to crypto as a space.
Its specifically targeting transactions outside the taxation and control of the Fed and US Govt. Crypto that exists today, will be trivia
Posted on 5/9/21 at 5:05 pm to Powerman
Here’s some more questions for him to chew on:
1. Why has news of China developing a digital Yuan caused Chinese crypto currencies like NEO to rise instead of crash?
2. Why are banks moving to allow people to buy Bitcoin and store Bitcoin in their bank accounts if the government is going to blow it all up in the near future?
1. Why has news of China developing a digital Yuan caused Chinese crypto currencies like NEO to rise instead of crash?
2. Why are banks moving to allow people to buy Bitcoin and store Bitcoin in their bank accounts if the government is going to blow it all up in the near future?
This post was edited on 5/9/21 at 5:12 pm
Posted on 5/9/21 at 5:06 pm to RobbBobb
As long as they can track your “govt coin” purchases, which they will be able to with an immutable block chain like btc, they won’t give a frick.
As matter a fact, the government would much rather you store value in Bitcoin rather than gold because you won’t be able to lie about how much you originally paid for it and when it was purchased.
As matter a fact, the government would much rather you store value in Bitcoin rather than gold because you won’t be able to lie about how much you originally paid for it and when it was purchased.
This post was edited on 5/9/21 at 5:07 pm
Posted on 5/9/21 at 5:07 pm to Tiguar
The Rothschild family bro 
Posted on 5/9/21 at 5:09 pm to Powerman
quote:
counterfeit
1 : designed as an alternative or imitation of something else
2 : something intended to be exactly like something of value
Posted on 5/9/21 at 5:10 pm to RobbBobb
quote:
counterfeit
1 : designed as an alternative or imitation of something else
2 : something intended to be exactly like something of value
I don't think you understand how timelines work
BTC and other crypto currencies can not be designed as an imitation of something that does not yet exist
Posted on 5/9/21 at 5:12 pm to Tiguar
Financial institutions with tens of trillions in accounts have applications for crypto ETFs sitting on the desk of the SEC. Yea, crypto is about to crash. Rolls eyes
Posted on 5/9/21 at 5:14 pm to RobbBobb
If people want to take payment in crypto in exchange for a good or service, it’s going to happen. This GovCoin sounds worse than the worst shitcoin on the market, and this is garbage FUD
sorry you are salty for not investing earlier, but your shtick is lame
sorry you are salty for not investing earlier, but your shtick is lame
Posted on 5/9/21 at 5:15 pm to Tiguar
quote:
. Why are banks moving to allow people to buy Bitcoin and store Bitcoin in their bank accounts
Why are banks now required to inform the govt of certain deposits and withdrawals of its customers? Things change over time, if 'criminal activity' is suspected
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