According to the article, you can redeem the crypto for gold (or money).
then why not just let us trade in silver and gold?
I don't think there's a law against trading in silver and gold.
I think the problem is that they'd have to buy the gold/silver and start minting coins, then put the coins in circulation. Not necessarily a tough thing, but it's easier to set up the crypto blockchain and then, if you want the physical gold, you can redeem it.
BTW I'm not saying your concerns aren't valid, I'm just offering what I think is the answer to your questions. Personally, I would love for a crypto expert to read through the bill and explain everything and give their thoughts.
Maybe. The law would require them to purchase that amount of physical gold and store it. That gold could and should be audited. With that said, who knows what could happen one day where they either lie or refuse to be audited, like Fort Knox or the federal reserve. If the law doesn't address this, then yeah, it's flawed.
Something to note is that the Texas bill allowed to redeem the digital currency for gold.
People could choose to use Bitcoin or Monero. However, constitutionally, Gold and Silver are the only legal tender that states are allowed to mint, if I'm not mistaken. The Texas bill would be constitutional in that sense.
Can you explain in your own words how a currency can be backed by a commodity in this day and age?
I'm not looking for debate (as the thread title states, I'm just wondering what people think).
However, there's another article explaining how the Texas cryptocurrency would work, so I'll just quote it:
https://www.zerohedge.com/markets/texas-bill-would-create-state-issued-gold-backed-digital-currency
In practice, individuals would be able to purchase digital currency from the state. The state would then use the money to purchase gold that would be held in the Texas Bullion Depository or another secure vault. Individuals would be able to redeem their digital currency for dollars or gold.
If you think it's flawed, I'm interested in your thoughts.
They used front (screen) projection! Camera tricks - not cgi.
I'd imagine someone like Elon Musk would know the difference and that's on top of the meme he posts that depicts CGI in that era.
At the end of the day, no one ever said that CGI was used to fake the moon landing and strawman arguments are a sign that you're wrong and are relying on dumb people not to notice.
Elon sort of has a point.
I've read a lot of conspiracy theories about the moon landing and not once has CGI (computer generated imagery) ever been mentioned. I don't know what point you think he has, but he's making a strawman argument, which is a sign that he's wrong.
I'll play along with your charade of pretending not to be a qtard
https://communities.win/search?params=qanon&community=GreatAwakening
Everything that's wrong with this guy:
- "Charging for articles to minimize fake news": apparently he's never heard of The Washington Post. If anything, it's smarter to put speculation and lies behind a paywall because gossip sells.
- "Racing to report accurate sourced information" : in today's world, "journalists" actually race to be the first ones to report, regardless of whether it's accurate or not.
- "Covid vaccines are free": and how does this apply to news?
- "Elon is calculated. Trust the process": This is shit that qtards say.
If the government tries to fake aliens, they would have to fool the space research community, which won't be easy because they know just how tough it is for life to come to fruition and how difficult it is to travel through space, both the time it takes and the health hazards from radiation.
The other option is to bribe them, but they're gonna look like idiots with all the countless hours of footage and text out there contradicting them. It could happen, though; we've seen just how much doctors are willing to lie when it came to Covid and Vaccines.
Let's start over.
Here's what you said:
but he said to never shut down the economy.
Are we in agreement that you're claiming that he said to not shut down the economy?
If not, read it again.
If so, please proceed to the next line.
If that's not shutting down the economy, I don't know what is.
Are we in agreement that everything he described is essentially him saying to shut down the economy, as I said in the above quote?
If not, you're intellectually dishonest.
If so, there's nothing to argue about.
Good bye.
Agent Orange 2.0 found his Kushner:
https://twitter.com/BobbyAllyn/status/1649372906558717953
NEW: Elon Musk tells me Twitter has now dropped all media labels. Asked why, Musk says: “This was Walter Isaacson’s suggestion.”
but he said to never shut down the economy.
If that's not shutting down the economy, I don't know what is.
If they provide it...yes, you still need to do some work...but it's likely they are least expect people to click the links....
So you're still doing your own research then, right? You still have to go through their link, their link will provide the terminology that you claim will taint the search results, and you will use that tainted terminology to do your own research.
Either way, I don't see the difference. Sure, it's nice if they provide a link if they're asserting that their claim is true, but if someone tells me not to trust them and to do my own research, it doesn't mean that they're lying, it just means that I should find out for myself if what they're telling me is the truth. Like I said, it's some of the best advice you can get.
The Left vs Right paradigm is real. You can't tell me the world wouldn't be different if it was ruled exclusively by leftwingers or rightwingers.
What you're probably referring to is the democrat vs republican paradigm, which is in fact a facade for the most part. No matter which one you vote for, the country ultimately moves in the same direction and the same agenda is carried out.