191–200 of 511 posts
Capture US regulatory agencies while you can. This has already had varying levels of success with the Chief Legal Officer of Coinbase being the acting chair of the OCC and telling banks it was okay to custody crypto and settle transactions on cryptocurrency networks instead of just SWIFT, ACH, FedWire There are some at the SEC, and the new SEC chair was pro-crypto when he was previously the chair of CFTC Cabinet leve…
Capture US regulatory agencies while you can. This has already had varying levels of success with the Chief Legal Officer of Coinbase being the acting chair of the OCC and telling banks it was okay to custody crypto and settle transactions on cryptocurrency networks instead of just SWIFT, ACH, FedWire There are some at the SEC, and the new SEC chair was pro-crypto when he was previously the chair of CFTC Cabinet leve…
Make the world as comfortable to the early adopters
Capture US regulatory agencies while you can. This has already had varying levels of success with the Chief Legal Officer of Coinbase being the acting chair of the OCC and telling banks it was okay to custody crypto and settle transactions on cryptocurrency networks instead of just SWIFT, ACH, FedWire There are some at the SEC, and the new SEC chair was pro-crypto when he was previously the chair of CFTC Cabinet leve…
This all sounds incredibly nefarious
If you ever thought this was going to be about a multi-decade long organic merchant adoption story, you were gullible af.
Capture US regulatory agencies while you can. This has already had varying levels of success with the Chief Legal Officer of Coinbase being the acting chair of the OCC and telling banks it was okay to custody crypto and settle transactions on cryptocurrency networks instead of just SWIFT, ACH, FedWire There are some at the SEC, and the new SEC chair was pro-crypto when he was previously the chair of CFTC Cabinet leve…
Make the world as comfortable for the early adopters [weighted from latest to earliest, so long as you're not left holding the bag] as the older generation had [before regulatory capture via industrial complexes and automation pooled more and more money to fewer and fewer]; FTFY.
This is exactly why i love projects like MobileCoin and its integration in Signal. We are going to desperately need anonymous, secure and privacy focused payments very very soon. Signal needs to open up payments worldwide as soon as possible. The last problem to fix is making it all decentralized.
Everything crypto has KYC now days. I highly doubt you can get that mobilecoin in any relevant quantities without disclosing who you are.
Earlier quoted context omitted.
> Hows that better than a bank account? GP said it, negative interest rate, i.e. the bank charging you to hold on to your money when you have more than a certain amount (was it 100k or 25k CHF). So if you put in 100k in the bank and wait a year, you'll be able to withdraw maybe 99.8k CHF. If you hoard 100x 1000 CHF notes, you'll still have 100k CHF. Sure in 1 year those 100k CHF will probably buy less Big Macs then t…
Its meaningless, if someone puts over 100k on a bank account where inflation eats it away they probably dont care about interest rates and its just a fraction of someone holdings that is deposited at super low risk/high availability. This only makes sense if you have way more and the rest is actually invested and grows. Storing you whole savings like that is rather stupid regardless of if you reach the limit and pay…
Earlier quoted context omitted.
There is a (seemingly growing) number of people that openly say that the budget doesn't matter. You just print and spend. Fortunately this incentivizes finding ways to circumvent that regime and point out how absurd it is.
Yes, and that the only point of taxes is to reduce inflation, since the govt doesn't need taxes anyway since it can print money. Taxes don't even cover the cost of govt expenditures so it makes sense.
(1) Increasing reserve rates for lending. This causes the circulating supply of currency to go down.
(2) Increasing interest rates for lending. This reduces the demand for borrowing, which is largely fractional reserve. This also causes the circulating supply of currency to go down.
(3) The Fed unwinding its balance sheet by selling bonds. They collect the cash and remove it from circulation. They can increase the circulating supply by buying bonds.
Taxation doesn't change inflation, to the best of my knowledge, as before and after taxation the same amount of money exists in the circulating supply. Taxation is fiscal policy.
The government doesn't print money per se, the government can borrow money by selling bonds. This just reallocates the existing money supply. The overwhelming majority of US government debt is held domestically by US persons. This doesn't change the money supply either, unless the Fed steps in.
Earlier quoted context omitted.
Sure, it's a fair argument that gold + paypal may be superior to bitcoin.
You can simplify this even more. Open an InteractiveBrokers margin account and request a debit card. Fund the account, purchase gold (futures, GLD, whatever) and spend on your IBKR debit card. This will pull from your margin. Your margin interest is ~1% and tax deductible. Settle up your account as you see fit.
Earlier quoted context omitted.
This is an interesting point of view, do you have any sources where I can read more about this?
See this comment from a larger thread on CBDCs: https://news.ycombinator.com/item?id=26205741 May or may not be repurposed: https://www.goodhealthpass.org & https://www.lfph.io/ & https://trustoverip.org/ There's been talk of a KYC requirement for all customers of US web hosting because cyber.