CBDC is of negative intrinsic value because it have negative utility!
Crypto that has utility and is backed by assets ABDC's are obviously more valuable than both central bank creations.
The swift system is essentially a digital currency backed by nothing. It's just a digital ledger. But the units traded on it can be created by the fed in unlimited supply with no assets backing it. Making it a Ponzi scheme that is backed by the real gold standard of our time. Violence!!!
You will trade in the slave money or your country will be destroyed has been how the petrodollar has really worked.
This is in the crash phase as the debt has become unserviceable and the inflation is out of control.
We will be getting another digital ledger to replace swift and the dollar. But the real threat to us is the CBDC's that will be attached to our obedience score.
This Dick is conflating the two. No one wants the banker coins that will strip them of their rights. But crypto has utility in a global economy where we need to buy parts and materials from other countries to be productive.
Xrp is about to replace the swift dollar system from what I can see. That isn't a problem. It's what the people have as a replacement to their national currencies that presents the dangers.
A national currency could be part digital and part cash and still be safe. But a pure digital currency will make us all slaves that can't ever speak the truth to evil or tell them no.
GeneralDisarray 1 points 1.8 years ago
Fiat money has no intrinsic value!
CBDC is of negative intrinsic value because it have negative utility!
Crypto that has utility and is backed by assets ABDC's are obviously more valuable than both central bank creations.
The swift system is essentially a digital currency backed by nothing. It's just a digital ledger. But the units traded on it can be created by the fed in unlimited supply with no assets backing it. Making it a Ponzi scheme that is backed by the real gold standard of our time. Violence!!!
You will trade in the slave money or your country will be destroyed has been how the petrodollar has really worked.
This is in the crash phase as the debt has become unserviceable and the inflation is out of control.
We will be getting another digital ledger to replace swift and the dollar. But the real threat to us is the CBDC's that will be attached to our obedience score.
This Dick is conflating the two. No one wants the banker coins that will strip them of their rights. But crypto has utility in a global economy where we need to buy parts and materials from other countries to be productive.
Xrp is about to replace the swift dollar system from what I can see. That isn't a problem. It's what the people have as a replacement to their national currencies that presents the dangers.
A national currency could be part digital and part cash and still be safe. But a pure digital currency will make us all slaves that can't ever speak the truth to evil or tell them no.