Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2024 Poal.co

572

What is actually even the benefit of going to cryptocurrency if the government is going to control it, and be able to inflate it at will?

You end up with only very minor benefits. Basically, the current dollar already is a digital dollar, because most people pay using credit. Cards are slowly disappearing and being replaced with CashApp or other bank apps where you pay by scanning a QR code. So most of the benefits that a CBDC would present already exist with the current dollar.

The benefit of Bitcoin is that it is sound money – it is a limited supply, which means that it cannot be inflated. The government cannot rob you by printing money and making your money worthless. It is also a perfect balance of transparency, privacy and independence.

>What is actually even the benefit of going to cryptocurrency if the government is going to control it, and be able to inflate it at will? >You end up with only very minor benefits. Basically, the current dollar already is a digital dollar, because most people pay using credit. Cards are slowly disappearing and being replaced with CashApp or other bank apps where you pay by scanning a QR code. So most of the benefits that a CBDC would present already exist with the current dollar. >The benefit of Bitcoin is that it is sound money – it is a limited supply, which means that it cannot be inflated. The government cannot rob you by printing money and making your money worthless. It is also a perfect balance of transparency, privacy and independence.

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (11).
[–] • 0 pt

Last I checked it has not lost its status as the world's reserve currency. I read your comment, it was just totally stupid to only consider these options when obvious others exist (create a centrally controlled, fiat currency and continue playing the same old tricks, for example). Moreover, gold-backed currency would not be an attractive option for the Fed at all because then they wouldn't be able to print infinity more of it whenever they want. That is the whole reason for having this system in the first place, so obviously the system is not going to endorse effectively getting rid of itself.

No one is really this stupid. You are pretending to be a stupid person in order to push these malicious ideas.

[–] • 0 pt

The gold market is manipulated through ETFs and Basel 3 is adjusting the gold market to make this a possibility.

How did the govt do in the war on drugs? How do you think the world will do on the war on decentralized crypto UNLESS they come up with a better game.

Just bc this shit has happened since Jekyl Island doesn't mean it'll always happen in its current form.

So you believe there will be a great reset but it will just be "okay now the dollar is digital and each one is worth a lot more." Stupid faggot.

[–] • 0 pt (edited )

We'll see, "gold-backed federal reserve" guy.

[–] • 0 pt

I'm not certain but thanks for keeping an open mind. It's just an idea of mine and others from what we are seeing.