[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Iran Disables GPS, Joins China’s Beidou — The End of U.S. Satellite Dominance? Ukraine's Withdrawal From Anti-Personnel Landmine Treaty Could Haunt Generations 71 killed in Israeli attack on Iran's Evin Prison Practice Small, Daily Acts Of Sabotage Against The Imperial Machine "EVERYONE'S BEEN SHOT UP HERE": Arsonists Set Wildfire In Northern Idaho, Open Fire On Firefighters, Police In Ambush Trump has Putin trapped, and the Kremlin knows it Kamala's comeback bid sparks Democrat donor meltdown amid fears she'll sink party in California Russia's New Grom-A1 100 KM Range Guided Bomb- 600 Kilo UKRAINIAN CONSULATE IN ITALY CAUGHT TRAFFICKING WEAPONS, ORGANS & CHILDREN WITH THE MAFIA Andrew Cuomo to stay on ballot for NYC mayor in November general election The life of the half-immortal who advised CCP (End of CCP in 2026?) Millions Flee China’s Top Cities Violence begets violence: IDF troops beaten, choked, rammed by Jewish settlers in West Bank Netanyahu Says It's Antisemitic For Israeli Soldiers To Describe Their Own Atrocities China's Economy Spirals With No End In Sight, Says Kyle Bass American Bread Cannot Be Sold in Most Countries Woman Spent Her Life To Prove 796 Babies were buried under Catholic Home Japan Got Rich Without Getting Fat US Spent $495.3 million to fire 39 THAAD Missiles Private Mail Back Online Senior Israeli officials tell Israeli media that they intend to attack Iran after ceasefire. Palestinian Woman Nails Israeli Tucker Carlson: Marjorie Taylor Greene: Diverse Coney Island in New York looks unrecognizable after third world invasion Corbett Report: Palantir at the Heart of Iran Haifa, Israel Before and After Nobody can hear you anymore. Boattail Buick: The Bill Mitchell's Riviera Revival! Pulitzer Winning Washington Post Journalist Busted For Child Porn 20 Big Restaurant Chains Are Closing Several Locations All Over America

National News
See other National News Articles

Title: US Launching Five Digital Dollar Pilot Programs
Source: [None]
URL Source: https://www.zerohedge.com/crypto/us ... -digital-dollar-pilot-programs
Published: May 3, 2021
Author: Tyler Durden
Post Date: 2021-05-03 22:18:35 by Horse
Keywords: None
Views: 428
Comments: 5

Over the next 12 months, a select group of Americans will have the "honor" of transacting with the next evolutionary US currency - the digital dollar.

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

They'll call it the FedCoin, and the motto: One Coin to Rule Them All.

The timing might not be so great if the debut coincides with serious inflation leading to hyper inflation. But what great service it will do is acclimate people to free-market crypto.

Pinguinite  posted on  2021-05-03   23:50:39 ET  Reply   Trace   Private Reply  

Somehow I doubt it will be free-market anything if the fed's involved.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2021-05-04   0:05:47 ET  Reply   Trace   Private Reply  

The Permanent Regime exists to crush freedom in all forms.

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2021-05-04   0:13:01 ET  Reply   Trace   Private Reply  

The beauty of bitcoin and most other cryptos is they are free market. When FB announced plans to issue their libre coin, I think it was called, Zuckerbrain was summoned to DC to explain how it wouldn't be a disaster for things like money laundering, tax evasion, drug payments and all that. But they didn't call anyone to DC when bitcoin was invented, and the reason was because, being completely decentralized, there was no one to call.

Centralized crypto, which is any crypto endorsed by either a government or central bank, is not free-market by definition. The gov can place no restrictions on free market transactions. All they can do is restrict companies already beholden to the gov by other means from dealing with it. Free market crypto cannot be seized and cannot itself be restricted from transactions in any way. That as opposed to money in a bank account that can be frozen or seized at the gov's will and whim.

A fed coin will certainly be fully controlable from the central bank itself. Any wallet can be seized, payments to certain entities but not others can be disallowed (no more donations to the Trump campaign for you!) and it's even possible to put an expiration date on coins forcing people to spend them in a timely manner.

Just like in the old cowboy movies, with crypto there are good guys and bad guys.

Pinguinite  posted on  2021-05-04   0:23:39 ET  Reply   Trace   Private Reply  

Wise words.

"Facebook launches Libra Coin Crypto Currency and Everyone hates it"

techguylabs.com/episodes/...ncy-and-everyone-hates-it

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2021-05-04   12:32:39 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]