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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: 283
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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Begin Trace Mode for Comment # 4.

#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  

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  

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 07:41:20 ET  Reply   Untrace   Trace   Private Reply  

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