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Thread: Why central banks want to launch digital currencies:

  1. #1

    Lightbulb Why central banks want to launch digital currencies:

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    "A politician will do almost anything to keep their job, even become a patriot" - Hearst



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  3. #2
    After watching the OP video, where does CBDC put Bitcoin, since CB’s can use whatever they want and can control?

    Thoughts?
    “The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.”

    An Agorist Primer

  4. #3
    They want to launch digital currencies so that they can track every purchase you make.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  5. #4
    Quote Originally Posted by PAF View Post
    After watching the OP video, where does CBDC put Bitcoin, since CB’s can use whatever they want and can control?

    Thoughts?
    If it looks like it might happen or even if a news story got big, you could get very wealthy shorting bitcoin.

  6. #5
    Bitcoin is just the warm introduction to digital currencies. Give the peons a sense of sticking it to the establishment, give em a little scratch to play with, then when the centralized system is ready to go full time it's just a matter of confiscating privately held cryptos.
    "The issue is that you to define the best candidate solely based upon what they stand for." - CaptLouAlbano

    This is the mindset trying to take hold on RPF.

    "Kelly Thomas did this to himself." - FrankRep

  7. #6
    More control over the economy and those that use it. Imagine receiving digital currency through your FED account that is linked to the chip in your hand. They can monitor where you spend and on what. Additionally, they can decide to code a digital currency with a kill switch only good for two weeks so you better spend it or lose it. thus increasing the velocity of money and the rate at which we consume. Not only that, they can designate where you can use those stimulus coins at certain business types and within a certain time frame. They can decide who is most deserving of these coins and distribute accordingly under the radar. You would not know which citizens recieve federal aide. Tax collection would be a bonus for them as they could tax each paycheck in real time and with each sale tranaction you perform. No need to wait til April to collect money and pay your tribute. Thus they can increase the velocity at which product is produced and your consumption. Remember, they can guide where these coins can be used as well.

    DECENTRALIZE NOW.

  8. #7
    Quote Originally Posted by PAF View Post
    After watching the OP video, where does CBDC put Bitcoin, since CB’s can use whatever they want and can control?

    Thoughts?
    Resistance is Futile.

    Work for illusory non tangible things means you MUST adhere to ALL their rules FOREVER. Financial Enslavement.

    Video is utter rubbish as all they do is tout Digital Currency as being a "good thing". How can you resist the will of a tyrant when you are paid in Digital Currency? When you are paid to kill innocents? You cant. And THAT is the REAL POINT.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  9. #8
    Quote Originally Posted by 69360 View Post
    If it looks like it might happen or even if a news story got big, you could get very wealthy shorting bitcoin.
    You may get wealthy shorting bitcoins, but it wont be because central banks have launched competing currencies. Bitcoin's value is tied to the size/value of the black market, globally, with a good measure of Chinese hijinks no doubt. Or, that's how it seems to this half educated wretch.



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  11. #9
    The main motive for central banks is to limit the risks inherent in the global shift to cashless payments. But the question is why central banks should start issuing electronic money?The answer is,

    • It widens the range of choices for monetary policy
    • It can encourage innovation and competition in the payment systems,
    • The most important can make the financial system safer.

  12. #10
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  13. #11
    Quote Originally Posted by DamianTV View Post
    Resistance is Futile.

    Work for illusory non tangible things means you MUST adhere to ALL their rules FOREVER. Financial Enslavement.

    Video is utter rubbish as all they do is tout Digital Currency as being a "good thing". How can you resist the will of a tyrant when you are paid in Digital Currency? When you are paid to kill innocents? You cant. And THAT is the REAL POINT.
    This. From this point forward, I'm requesting that my employers will pay me in AR-15's and ammunition.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!



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