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21
Biden regime going after crypto currencies. They plan to roll out their own digital "Fed Coin" later. All money will then be trackable. (arstechnica.com)
posted 4 years ago by allahead 4 years ago by allahead +21 / -0
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▲ 9 ▼
– GaIIowBoob 9 points 4 years ago +9 / -0

Billion dollars says they don't trust their own "fed coin" blockchain enough to base voting on it. Blockchain is way too secure and difficult to manipulate.

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▲ 2 ▼
– deleted 2 points 4 years ago +2 / -0
▲ 6 ▼
– GaIIowBoob 6 points 4 years ago +6 / -0

That isn't how blockchain works. It's public, edits are visible to all. All votes are traceable, unmodifiable, and corrections are just addendums. Nothing can be removed or destroyed and audits can be done by anyone in real time.

It really is the perfect secure voting platform. Too secure to be allowed. Vote fraud would be easily identified and if youissed it this year it can still be seen later. No shredded paper allowed.

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▲ 5 ▼
– arjunas1 5 points 4 years ago +5 / -0

[[[ FED COIN IN A NUTSHELL ]]]

attention consumer-2501,

your monthly 2K has been deposited into your account. if you DO NOT use up the 2K by end of month, you will forfeit the remainder back to the federal reserve.

as always, from your omnipotent overlords,

gorelock (the impaler), zhefrit (the defiler), and larry (from accounting)

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▲ 3 ▼
– Poopybuttboy 3 points 4 years ago +3 / -0

Fed Coin small print:
*Blacks receive 5000/month and can save up to 4000/month
*Whites receive 2000/month and can save up to 300/month if credit score is above 800 points
*Blacks saving interest rate +24%
*Whites saving interest rate -75%

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▲ 2 ▼
– arjunas1 2 points 4 years ago +2 / -0

AYYYY, GRANDMA SMITH...

we, the fed, understand you did some spring cleaning, hosted a yard sale and sold a rotary phone for 0.009837 fed coin.

believe it or not, you actually have to pay taxes on a yard sale.

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▲ 5 ▼
– Jjabrams 5 points 4 years ago +5 / -0

Fed coin is shit branding lmao

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▲ 3 ▼
– babskek 3 points 4 years ago +3 / -0

The only way people get into this is if they are forced to

Oh what's that they are going to force us to be associated with it?

Whelp...

Fedcoin to the moon?? xD

Will just be social credit score tyranny

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▲ 1 ▼
– micaarzur 1 point 4 years ago +1 / -0

If they can force us to inject poison into our veins, they can force this no problem.

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▲ 1 ▼
– WhyNoDonuts 1 point 4 years ago +1 / -0

Soon there will be many accepted currencies, as people circumvent the fully tracked digital system.

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▲ 1 ▼
– MOCKxTHExCROSS 1 point 4 years ago +1 / -0

Go after, how? Can only go after crypto directly if it is centralized (crap) like XRP.

Only option is exchanges. And they already are doing that. Could ban exchanges but person to person would still be viable. This is worse for them because they lose tracking on users.

Downside to a Fed shitcoin is that it indirectly boosts the existing crypto, by name recognition and legitimacy.

Fed is in end game mode until the "great reset". Money printer go BRRRR is their only play.

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▲ 2 ▼
– allahead [S] 2 points 4 years ago +2 / -0

They can block protocols and IP's on the Internet. The only reason TOR is allowed to exist for the general population is because the military want's to use it and they need random civilians to use it to generate "noise" that they can hide within. If there is a one world government they don't need TOR.

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▲ 1 ▼
– arjunas1 1 point 4 years ago +1 / -0

easy.

banks can refuse to exchange crypto for cash...

... or a downpayment on a mortgage, a car, any debt

... or a payment towards a credit card, loan

basically, banks can exclude crypto from transactions.

crypto is an asset. it is not a currency.

...... OR TULIPS. NEVER INVEST IN TULIPS.

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▲ 1 ▼
– MOCKxTHExCROSS 1 point 4 years ago +1 / -0

Can they stop you from meeting someone in person and exchanging cash for crypto?

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▲ 1 ▼
– arjunas1 1 point 4 years ago +1 / -0

nope.

shits been trading hands for long time.

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