4um: The Circle Is Complete: BOJ Joins Fed And ECB In Preparing Rollout Of Digital Currency

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Title: The Circle Is Complete: BOJ Joins Fed And ECB In Preparing Rollout Of Digital Currency
Source: [None]
URL Source: https://www.zerohedge.com/markets/c ... aring-rollout-digital-currency
Published: Oct 9, 2020
Author: Tyler Durden
Post Date: 2020-10-09 21:31:30 by Horse
Keywords: None
Views: 185
Comments: 18

Bond giant DoubleLine has called digital currencies a "Pandora's Box" that will ignite an "inflationary conflagration" and it now appears that the entire world will be part of this effort.
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#2. To: Horse (#0)
I'm hopeful central bank digital currencies will serve to legitimize the public regard of free market cryptos like bitcoin.
Though bitcoin suffers from a serious lack of capability to support widespread retail usage. Seven transactions per second with a 30 minute to 1 hour settlement time simply won't cut it. I recently learned of a crypto called EOS that apparently has solved that problem. It's capable of doing an enormous number of transactions per second, well exceeding what Visa & Mastercard routinely do, and settling them in under a second.
It's the first crypto that is actually capable of replacing national currencies in everyday use. And it doesn't require mining. Still needs to prove itself in terms of qualifying as true free-market and decentralized, but the theory is there.
It's the cyrpto that Mike Maloney did a video about, interviewing the creator. It was posted here but is on YT.

Pinguinite posted on 2020-10-10 0:59:30 ET Reply Untrace Trace Private Reply
#3. To: Pinguinite (#2)
The progression is this 1) Vaccine 2) You are chipped 3) FED issues a digital currency. Say bad words about FED, Bill Gates or NSA and your digital cash is gone in 60 nanocesonds. Then after all that comes the release of Bioweapon 2.0 which is far more lethal than Bioweapon 1 which is the coronavirus.

Horse posted on 2020-10-10 5:44:30 ET Reply Untrace Trace Private Reply
#4. To: Horse (#3)
3) FED issues a digital currency. Say bad words about FED, Bill Gates or NSA and your digital cash is gone in 60 nanocesonds.

... which is the kind of thing that will make decentralized crypto more attractive and safer to hold than will digital dollars.

Pinguinite posted on 2020-10-10 6:54:14 ET Reply Untrace Trace Private Reply
#5. To: Pinguinite (#4)
Not much of a future for crypto. Go for gold, silver and productive farm land.

Horse posted on 2020-10-10 7:41:20 ET Reply Untrace Trace Private Reply
#11. To: Horse (#5)
productive farm land

When we lived in Chicago we would go out to Wheeling to pick tomatoes on a small farm that was near Palwaukee Airport.
They had shacks out back that migrant workers would use during the harvest season. But those were in disuse and the farm owners relied on "pick your own" to get along.
We went out there with the old blue Biscayne. We picked three bushels of tomatoes that were in the back seat. When we finished they wanted us to open the trunk. We told them we did not have a key for trunk. And they thought we were stealing tomatoes.
The old man was such a cheapskate he would not give us a key for the trunk. He always bought retread tires since they were less expensive than new ones. What would have happened if we got a flat? We would likely have had to get a service truck out there.
He was a cheapskate right up to the end and my sister told me she had to have his body cremated because he would not listen when she begged him years ago to get himself a place to be buried. :-/

BTP Holdings posted on 2020-10-10 15:27:23 ET Reply Untrace Trace Private Reply
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