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Thread: ... and I thought crypto was for criminals....

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  1. #1

    Default ... and I thought crypto was for criminals....

    For all who were hesitant to take a dip into the crypto currency waters, get ready to be pushed off the dock. It seems our criminal government wants to get into the crypto action. For all the negative press it has gotten, I am surprised they would even want to dip a toe into the untrustable waters. You vill be required to turn in your criminal government cash for criminal government crypto...

    https://www.usgoldbureau.com/news/ne...ent-pilot-test

    https://www.nbcnews.com/tech/crypto/...ency-rcna19248

    Get ready for the government to smear everything else as criminal activity.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  2. #2

    Default

    Quote Originally Posted by t00nces2 View Post
    For all who were hesitant to take a dip into the crypto currency waters, get ready to be pushed off the dock. It seems our criminal government wants to get into the crypto action. For all the negative press it has gotten, I am surprised they would even want to dip a toe into the untrustable waters. You vill be required to turn in your criminal government cash for criminal government crypto...

    https://www.usgoldbureau.com/news/ne...ent-pilot-test

    https://www.nbcnews.com/tech/crypto/...ency-rcna19248

    Get ready for the government to smear everything else as criminal activity.
    When that 2nd article - nbcnews - came out in March there was a very short window that heads of departments had to respond regarding this. Like 30 days or something.

    Anything more current on this? The 1st link above doesn't load btw.

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    Not allowed
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    Details: cache-mia11359-MIA 1669684659 2932200316

  3. #3

    Default

    On a hunch, I just checked the POB. It was about 40K in March when Brandon made his move. Any correlation?


    https://getyarn.io/yarn-clip/aa1ccdf...c-799a1adb0e4f

  4. #4

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    reminds me of the drop after it topped out at 19K. You have a bunch of FOMO buying and panic selling as the price corrects past FOMO's purchase price. Now is the time to buy and just sit on it.

    Apparently Brandon signed an order the wed before thanksgiving to start the testing and implementation of the CBDC.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  5. #5

    Default

    I think the implementation of a CBDC, or government digital currency, is going to happen no matter what political party is in the WH or has a majority in Congress. I don't want to see it, as it means greater info that goes to the Federal government about where you get your money and where you spend or send your money, but it's likely imo the future. I don't see a big if any difference between the Feds sending SS payments, tax refunds, etc. via CBDC, vs. already digital fiat to your digital bank account. The part about spending these CBDC dollars bothers me.

    I don't see the part where bitcoin was needed as a test. That's phooey. Did the government need some test to see if the public would accept Federal Reserve Notes instead of Silver Certificates? Maybe, one could say that the change-over was gradually introduced back in 1964-1965, with the change from 90% to 40% half dollars, but most of the public could care less then, this was only of interest to nerdy hard money stackers at the time, like me. Silver certificates losing their convertability back then was met with a brief short-term BUYING SILVER CERTIFICATES ads and business across the land, the precursor of the BUYING GOLD ads and business as time went by. I don't see a CBDC as effecting bitcoin, maybe it will effect cash, but not bitcoin. Bitcoin is still a relatively small asset, at 300 Billion, thats peanuts compared to what the Federal debt is, compared to what some corporations are worth, compared to what gold is worth, compared to the amount of cash out there. The FEDS do have a history of selling gold to the people, for market price, from 1794 to 1933, and again from 1986-present. In 1986 gold was $300-400, but they openly sold to the public at or near enough to the market price, and they let gold trade as they can(control), they being all the worlds big financial powers. They could declare bitcoin illegal in the US(this is a risk in owning bitcoin), but why? They allow gold as an alternative, why not bitcoin? Cash is what they're after. Even there, they would want to tread lightly, as a "black market" market is good for the overall economy, but tread they will and sadly I think cash will be history in the future.

  6. #6

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    Quote Originally Posted by insidedealer View Post
    ... They could declare bitcoin illegal in the US(this is a risk in owning bitcoin), but why? ...
    A few possible reasons come to mind for me. I am a bit less strong in my belief about the future of BTC than I was 5 years ago. That probably means it is going to go up and up though.
    Last edited by ynot2k; 11-29-2022 at 07:32 AM.

  7. #7

    Default

    Quote Originally Posted by t00nces2 View Post
    reminds me of the drop after it topped out at 19K. You have a bunch of FOMO buying and panic selling as the price corrects past FOMO's purchase price. Now is the time to buy and just sit on it.

    Apparently Brandon signed an order the wed before thanksgiving to start the testing and implementation of the CBDC.
    Here is some source material on that order t00nces2
    terrifying excerpt quote "The National Science Foundation (NSF) will back research in technical and socio-technical disciplines and behavioral economics to ensure that digital asset ecosystems are designed to be usable, inclusive, equitable, and accessible by all."

    The National Science Foundation? C'mon we did not elect some commmittee in this foundation to monkey with our socio-technical behaviors?
    Quazi government science foundations are going to be at the root of how you can spend your digital assets? Not sure I understand it all but sheesh.

    whitehouse.gov/briefing-room/statements-releases/2022/09/16/fact-sheet-white-house-releases-first-ever-comprehensive-framework-for-responsible-development-of-digital-assets/
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

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