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FedCoin is on the way

Posted on 11/15/22 at 9:25 am
Posted by ProbyOne
Louisiana
Member since Dec 2004
1914 posts
Posted on 11/15/22 at 9:25 am
Prepare thy anus



FedCoin is coming

quote:

A Federal Reserve Bank of New York unit will partner with almost a dozen banks and other financial institutions to test out digital dollars, a sign that Wall Street intends to push ahead with its cryptocurrency agenda despite recent upheaval in the market.

Banks including Citigroup Inc. and Wells Fargo & Co. will work with the Fed’s New York Innovation Center on a new network as part of the 12-week test. The technology -- known as a regulated liability network -- will allow banks to simulate issuing digital money representing their customers’ own funds before settling through central bank reserves
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
4364 posts
Posted on 11/15/22 at 9:26 am to
What could go wrong
Posted by Klondikekajun
Member since Jun 2020
1279 posts
Posted on 11/15/22 at 9:27 am to
And so it continues.
St Michael the Archangel needs to start warming up....
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 11/15/22 at 9:27 am to
Impeccable timing for the FTX collapse
Posted by wileyjones
Member since May 2014
2279 posts
Posted on 11/15/22 at 9:28 am to
The scariest phrase known to man is: “I’m from the government, and I’m here to help”

willing to bet they’ll go for mass adoption by pushing UBI via this shitcoin
Posted by HottyToddy7
Member since Sep 2010
13962 posts
Posted on 11/15/22 at 9:28 am to
Avoid this like the plague.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134839 posts
Posted on 11/15/22 at 9:28 am to
Posted by LSUballs
RayVegas LA
Member since Feb 2008
37715 posts
Posted on 11/15/22 at 9:28 am to
Can't believe the fed chose this guy to head it up

Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134839 posts
Posted on 11/15/22 at 9:30 am to
Has getcocky shown up to blast the source of the information yet?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 11/15/22 at 9:31 am to
Can’t wait to place an online order for an azn hooker to bring a bag of Xanax powder to my hired hitman…. And pay for it all with FedCoin
Posted by MyRockstarComplex
The airport
Member since Nov 2009
3271 posts
Posted on 11/15/22 at 9:32 am to
When has anything the Federal Reserve ever touched gone wrong for the people?
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25909 posts
Posted on 11/15/22 at 9:32 am to
quote:

Impeccable timing for the FTX collapse




Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 11/15/22 at 9:33 am to
quote:



I like it

Now do his ‘wrong jar’
Posted by HottyToddy7
Member since Sep 2010
13962 posts
Posted on 11/15/22 at 9:35 am to
quote:

When has anything the Federal Reserve ever touched gone wrong for the people?


Well once you realize the Federal Reserve is not part of the US government then it all makes more sense.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
259858 posts
Posted on 11/15/22 at 9:35 am to
Another central bank financed ponzi scheme that will take away your childrens and grandchildren's wealth.

Certain people will do very well though. The same that always do.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3114 posts
Posted on 11/15/22 at 9:38 am to
quote:

I like it Now do his ‘wrong jar’


Other than Sandyhook,

What ya got?
Posted by ProbyOne
Louisiana
Member since Dec 2004
1914 posts
Posted on 11/15/22 at 9:39 am to
quote:

Another central bank financed ponzi scheme that will take away your childrens and grandchildren's wealth.



I wish it were that bad

This takes away freedom to transact w/ a rules based system
Posted by MrJimBeam
Member since Apr 2009
12250 posts
Posted on 11/15/22 at 9:45 am to
Money Laundering on crack
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 11/15/22 at 9:46 am to
quote:

Other than Sandyhook,


What ya got?
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41050 posts
Posted on 11/15/22 at 9:59 am to
quote:

A Federal Reserve Bank of New York unit will partner with almost a dozen banks and other financial institutions to test out digital dollars, a sign that Wall Street intends to push ahead with its cryptocurrency agenda despite recent upheaval in the market.



This will literally be the end of freedom as we know it. That is not an overstatement.
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