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Posted on 5/9/21 at 5:33 pm to Ross
Well, dont get prepared then. I mean they arent even hiding their intentions anymore, Govt is taking over the crypto market
You guys act like there was never a time when bank notes, continental currency, US dollar, greenbacks, confederate dollars, bimetallic standard and gold standard were integral part of the currency of the US. All that went away with the National banking Act. Then the Fed Reserve notes were created by act in 1913. And now we are specifically a fiat currency
Current crypto is just one passed legislation from being history, exactly like all the others before it
You guys act like there was never a time when bank notes, continental currency, US dollar, greenbacks, confederate dollars, bimetallic standard and gold standard were integral part of the currency of the US. All that went away with the National banking Act. Then the Fed Reserve notes were created by act in 1913. And now we are specifically a fiat currency
Current crypto is just one passed legislation from being history, exactly like all the others before it
Posted on 5/9/21 at 5:33 pm to RobbBobb
Lol. Sounds like the gov is counterfeiting crypto coins.
Posted on 5/9/21 at 5:38 pm to RobbBobb
Explain how the government takes over all of the block chains and what happens to the companies running their businesses on the block chains. Be specific, what happens to the medial records stored on the block chain? What happens to the supply chains run on the block chain? What happens to the hundreds of businesses that run their applications on the block chain?
Posted on 5/9/21 at 5:41 pm to RobbBobb
quote:
Govt is taking over the crypto market
quote:
And the govt version will transform finance
Sounds like the Us govt is making a
quote:
counterfeit
quote:fricking TurboTax asks if you’ve sold crypto. If you have, you pay taxes. If you’re caught not paying them, you get penalized. What’s the difference homeslice?
Its specifically targeting transactions outside the taxation and control of the Fed and US Govt. Crypto that exists today,
This post was edited on 5/9/21 at 5:42 pm
Posted on 5/9/21 at 5:42 pm to tenderfoot tigah
Here are some Fortune 500 companies utilizing block chains. I guess they can just swap over to the government block chain because the group of people that can't run the mail service for a profit will make the first all encompassing block chain capable of handling 1000000x the transactions of Ethereum.
Poor guy doesn't even know that he doesn't know.
Poor guy doesn't even know that he doesn't know.
Posted on 5/9/21 at 5:42 pm to jimbeam
Didn’t read , not selling
Will still need Chainlink
Will still need Chainlink
Posted on 5/9/21 at 5:45 pm to CE Tiger
quote:
Will still need Chainlink
Will we need Chainlink with ETH 2?
Posted on 5/9/21 at 5:50 pm to RobbBobb
salty nocoiners are getting even more desperate and pathetic this cycle
Posted on 5/9/21 at 5:52 pm to RobbBobb
quote:
Current crypto is just one passed legislation from being history, exactly like all the others before it
okay
Posted on 5/9/21 at 6:02 pm to tenderfoot tigah
quote:
Will we need Chainlink with ETH 2?
The basic ideas of blockchain remains the same in Ethereum 2.0; one of the basic concepts is they are deterministic. For our purposes that means that external data needs to be input into the blockchain. The way to do that is through various kinds of oracles.
So that will not change for Eth 2.0. External data still needs to come somehow into the blockchain and oracles will still work pretty much the same way they work now.
Posted on 5/9/21 at 6:08 pm to Ross
we really need to add positions or ban rules to starting strongly worded threads this board
this is just sad tbh
this is just sad tbh
Posted on 5/9/21 at 6:13 pm to RobbBobb
You just outed yourself as not understanding crypto.
Posted on 5/9/21 at 6:44 pm to Oizers
quote:
You just outed yourself as not understanding crypto.
100%
Posted on 5/9/21 at 6:54 pm to maclauer
imagine the tears once the Bitcoin etf is approved
Posted on 5/9/21 at 7:30 pm to RobbBobb
Not sure what a govcoin would have to do with the crypto market collapsing?
One this is for sure- a Govcoin is absolute worst case scenario for a country’s citizenry. Privacy would be nonexistence unlike what little we have left right now with cash. Also, a digital coin controlled by a government allows for future policies that could be awful for the people who are forced to transact with that currency. China have us a great example where they are toying with issuing currency that “expires”, forcing people to spend their money to pump the economy.
Bitcoin would fare well in this type of society. It is everything that a govCoin is not.
Scary times if that becomes a reality
One this is for sure- a Govcoin is absolute worst case scenario for a country’s citizenry. Privacy would be nonexistence unlike what little we have left right now with cash. Also, a digital coin controlled by a government allows for future policies that could be awful for the people who are forced to transact with that currency. China have us a great example where they are toying with issuing currency that “expires”, forcing people to spend their money to pump the economy.
Bitcoin would fare well in this type of society. It is everything that a govCoin is not.
Scary times if that becomes a reality
This post was edited on 5/9/21 at 7:42 pm
Posted on 5/9/21 at 7:39 pm to RobbBobb
This is either an elaborate troll or literally the dumbest poster to come to Money Talk, which says a lot.
Posted on 5/9/21 at 7:40 pm to TigerTatorTots
quote:
currency that “expires”, forcing people to spend their money to pump the economy
Definitely sounds like something the leftists would push to redistribute wealth.
Posted on 5/9/21 at 8:19 pm to RobbBobb
I bet half of senators and congress already personally own crypto. Too many of them to allow Crypto getting banned especially since also too many institutions, hedge funds, and more and more big and small banks have stakes in it. Too many big donors and lobbyists also. The possibility of banning Crypto in the US has passed.
Posted on 5/9/21 at 8:20 pm to RobbBobb
quote:
Current crypto is just one passed legislation from being history, exactly like all the others before it
Except crypto is global and not national.
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