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

Status: Not Logged In; Sign In

Gunman Ambushes Border Patrol Agents In Texas Amid Anti-ICE Rhetoric From Democrats

Texas Flood

Why America Built A Forest From Canada To Texas

Tucker Carlson Interviews President of Iran Mosoud Pezeshkian

PROOF Netanyahu Wants US To Fight His Wars

RAPID CRUSTAL MOVEMENT DETECTED- Are the Unusual Earthquakes TRIGGER for MORE (in Japan and Italy) ?

Google Bets Big On Nuclear Fusion

Iran sets a world record by deporting 300,000 illegal refugees in 14 days

Brazilian Women Soccer Players (in Bikinis) Incredible Skills

Watch: Mexico City Protest Against American Ex-Pat 'Invasion' Turns Viole

Kazakhstan Just BETRAYED Russia - Takes gunpowder out of Putin’s Hands

Why CNN & Fareed Zakaria are Wrong About Iran and Trump

Something Is Going Deeply WRONG In Russia

329 Rivers in China Exceed Flood Warnings, With 75,000 Dams in Critical Condition

Command Of Russian Army 'Undermined' After 16 Of Putin's Generals Killed At War, UK Says

Rickards: Superintelligence Will Never Arrive

Which Countries Invest In The US The Most?

The History of Barbecue

‘Pathetic’: Joe Biden tells another ‘tall tale’ during rare public appearance

Lawsuit Reveals CDC Has ZERO Evidence Proving Vaccines Don't Cause Autism

Trumps DOJ Reportedly Quietly Looking Into Criminal Charges Against Election Officials

Volcanic Risk and Phreatic (Groundwater) eruptions at Campi Flegrei in Italy

Russia Upgrades AGS-17 Automatic Grenade Launcher!

They told us the chickenpox vaccine was no big deal—just a routine jab to “protect” kids from a mild childhood illness

Pentagon creates new military border zone in Arizona

For over 200 years neurological damage from vaccines has been noted and documented

The killing of cardiologist in Gaza must be Indonesia's wake-up call

Marandi: Israel Prepares Proxies for Next War with Iran?

"Hitler Survived WW2 And I Brought Proof" Norman Ohler STUNS Joe Rogan

CIA Finally Admits a Pyschological Warfare Agent from the Agency “Came into Contact” with Lee Harvey Oswald before JFK’s Assassination


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: 446
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  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 4.

#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   Untrace   Trace   Private Reply  


#2. To: Pinguinite (#1)

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

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


#4. To: Lod (#2)

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   Untrace   Trace   Private Reply  


Replies to Comment # 4.

#5. To: Pinguinite (#4)

Wise words.

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

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

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


End Trace Mode for Comment # 4.

TopPage UpFull ThreadPage DownBottom/Latest


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