Guys, this is the real purpose behind Trump’s stablecoin bill.>He’s sold out the U.S. to private companies and banks.To sell government bonds, he’s allowed banks and private companies to issue their own currencies.Before long, you’ll see Apple Coin, Google Coin, Microsoft Coin, Tesla Coin, X Coin, and Bank Coin.The U.S. financial markets will soon be flooded with hundreds of different currencies, all of which can be used as digital cash.This will throw the U.S. financial markets into chaos and cause the dollar to depreciate even further.
wow so instead of a currency backed by government debt it will be a currency backed by margin trading retail fomo'ing their retirement savings into 3x leverages single-stock ETFs
Will you get in trouble for forgetting to turn on the memeflag OP? What happens when you do that? A beating?
>>542134554A "stablecoin" like this is just a privatized digital dollar instead of having the Treasury run it. The entire point is to save money on transaction fees and the jews at the banks want to keep it private so they can find ways to keep skimming fees, hence "stablecoins." Real countries are just making a digital version of their national currency and cutting out the bank jews on the transaction fees. Buy bitcoin, USD is obviously toast and stablecoins aren't going to save it.
>>542134733Stablecoins pose another problem: they make capital flight extremely easy.For example, suppose you’ve earned $1 million but don’t want to pay taxes and plan to emigrate to Europe.All you need to do is exchange your dollars for stablecoins, then store the data online or transfer it to your phone’s storage.Next, all you have to do is hop on a plane and leave—and you’ve successfully carried out capital flight.You can also use stablecoins to pay bribes.All it takes is transferring funds to a physical wallet; as long as the corrupt official doesn’t convert the stablecoins into cash, no one will ever know where the money went.The entire stablecoin system will lead to extremely serious corruption problems.
>>542134953It's not that difficult to fill a suitcase with cash either. If your currency is exchangeable then it's not a problem. You can buy gold bars for this, too. Capital flight should be looked at to defend against jews trying to rug your financial system but that's not the main problem here.
>>542134554Lets make a digitial currency to double fuck you be suse fist fucked you the first time b
Bet $20 world liberty financial is in on it
>>542134952>Buy bitcoinloland whats holding up BTC? tetherwhich is where they got the idea for this shit
This is undoubtedly the most political thing happening that affects you personally yet there’s next to no threads on this..why?
>>542134952actually you said>buy bitcoinnot>buy BTCmaybe i'm wrong here, and you're absolutely correct
>>542134953>Not having it deposited via shell companies to fiscal paradise from the get goIshygddt
>>542134953>will leadkek
>>542135014Look, this whole stablecoin plan is completely unreliable.Apart from allowing Jews to issue their own private currency, it offers absolutely no benefits to the U.S. economy.Now Apple can even set up a stablecoin bank.It can use Apple Coin to make loans and investments, and monopolize the financial markets.Apart from exacerbating financial corruption in the U.S., there are absolutely no benefits.
>>542134554Im a simple man; i'll just stick with silver/gold and occasionally bitcoin
How many horses can I keep in each stablecoin
>>542134554i thought cryptocurrencies were supposed to allow people to be independent
>>542134554>DO NOT REDEEM THE GOOGLE PLAY STABLECOIN
>>542134953How is any of this bad?
>>542134953? Some euro bank is just going to cash out a million in stable coins without notifying Shlomo?
>>542134554But there's already a US-denominated stablecoinIn fact, having it in US denomination really rather works against the idea at this point
Im cash only for simple transactions. Guess I'll just have to invest in brass. How much does a fresh nigger go for?
>>542134554Let me guess, Trump starts out with a massive amount of coins for himself and his family? This is looking like a shitcoin scam at nation state levels.
>>542135259>This is undoubtedly the most political thing happening that affects you personally yet there’s next to no threads on this..why?Stablecoin legislation is a very complex matter, and if you don’t have sufficient financial knowledge, it’s actually quite difficult to grasp the logic behind it.Most people assume that stablecoins are meant for speculation and appreciation, just like Bitcoin.People don’t really understand just how alarming it is to allow companies to issue private currencies.These aren’t even counterfeit currencies; stablecoins are genuinely legal private currencies that can be used just like the U.S. dollar.
>>542135014Good luck getting a suitcase full of cash through customs
>>542134554Knew it
>>542135014It actually is hard to fill a suitcase with cash and not get it confiscated.
>>542135499shut up goycease your useless inquiriesfor ur own gud
>>542135484>Let me guess, Trump starts out with a massive amount of coins for himself and his family?yesTrump StablecoinWant to get special treatment from President Trump?Buy the Trump stablecoin.
>>542134554Bump
>>542134554I thought democrats would be the ones who'd bring the "you will own nothing and be happy" era, but its the miggers who did it lmao. Trump voters, did you get what you voted for?
>>542135671do we do anything anymore?or do we just do this shit?
>>542137233>do we do anything anymore?Bombing Iran
>>542134554It’s funny watching the weakest of the political elite try to keep this thing afloat. I don’t think they can pull it off with Tbills at 5%. They are trying to hard not to get roped but it’s like standing on train tracks at this point even normies are becoming more bold by the day
>>542137233crazy sick shit isn't it
>>542134554Don't care, this country is already fucked, this shit is nothing but attempts to kick the can.
Pretty hilarious that you can pull the grid plug and all electrical (crypto)'currency' instantaneously vanishesWhen the global debt market goes all 8 billion lives on Earth, end. There isn't going to be a magical Steve Jobs 'computer solution' for any of this, zoomlennialBitcoin-addledtards(keep in mind: Nothing about 2008 or the structural toxicity of gigainterleveraged assets, banking or speculative debt instruments was ever 'solved' in fact it became 10,000×worse)
>>542138795This isn't about or limited to 'saving the United States' or USD. When the global debt market implodes so go all 160 nations worldwide.Everything is debt, it's all debtthere aren't any 'assets'
>>542138987That's not true. My GPU is really worth 50 gorrillion dollars. NVIDIA is lending it to me to buy it from them.
>>542138987Yes, I'm aware of how fiat currency functions, debt always exceeds currency in existence due to interest, which is the very mechanism why inflation exists and why fiat currencies have never succeeded.Everything is still fucked though. The only thing to look forward to is the SHTF game everyone will be playing - tracking down and capturing the wealthy and elite, and hanging them.
>lol
>>542135671"FDIC backing" means absolutely fuck all lol.
>>542134554China has roughly 400~ data centres with their mass surveillance system already established and in place, with a population 2-3-4x that of America.The US has roughly 2,000~ and aiming for 5k~The US wants to move to a US-backed Central Digital Backed (stable) Coin (to be in place of the FED-US-Dollar, that can be used world-wide by anyone with a smartphone. The data centres are for all of the billions per-second individual transaction calculations that are required between authorization points, digital ID checks, fraud checks, balance checks, police checks, history checks and flags, analysis of traffic to use specialized tools to track targets etc that occur when any payment of any size is made. Note that each 1usd=1cdbc "coin" has an individual ledger check, with individual authorization, tracking and analysis.The end-game is to move other countries populace into this STABLE currency and away from their local currencies, so even small venmo style p2p transactions are done in the US CDBC, from anyone with a phone+VPN.It is an attempt at global hegemony and market control as a form of violence. Your country doesn't do something the US wants? Suddenly millions of smartphones are flooding your countries blackmarket with unlocked firmware allowing for installing the services used for this transaction type. Suddenly, whether through tariff, sabotage or direct blockades your countries currency becomes volatile. We've already seen every stage of this play out on the miniature all over the world, from Cuba, to Venezuela, to what is happening in the Hormuz now.There is no way to get ahead of it either, as it is a stable coin, so gambling isn't going to help you. In fact, if it was me knowing this was coming I'd loosen all the restrictions on gambling and signal boost the fuck out of all market gambling services to make bank before releasing a CDBC, then make it illegal/harder to gamble to stop upward motility of class. You've been warned.
>>542134952Buy monero. Fuck bitcoin
>>542134554>He’s sold out the U.S. to private companies and banks.Buddy that happened a LONG LONG time ago. It is just being made apparent while certain entities are under control beyond your comprehension.>Enjoy the show.
>>542140084Only if you buy monero correctly via CLI terminal or bisq. If you went on a centralized exchange like kraken then you’re a part of the problem and a retard
>>542134554Wow, only ten years too late. Neato.
>>542141089How so?
>>542139577This actually sounds like what's happening. Global financial control through force.
>>542135522FBO customs ain’t like goy-cattle customs…
>>542134953they aren't using monero or smth i assumethe stablecoin flows will be even more transparent than regular banking if you criss reference with the kyc that the banks are usingafter all, with cryptocurrency, the ledger is public to all
>>542134554US is very fake now.
>>542134554Whats the point of a stable coin and what do they think USDC is. What is the point of a stable coin, when they tried to shill a cashless society during covid. Their own currencies, are already digital.
>>542134554link not mentioned btw
Leftist be like >NOOOOO YOU CANT MAKE MONEY!>DAT MONEY SHOULD BE MIIIINEEE>GIMME GIMMIE!>TRUMP SHOULDN'T BE MAKING MONEY AAAAAAAA!!!! >*repulsive screaming*Fucking FAGGOT commies can't comprehend the concept ofMANIFEST MUTHA FUCKINDESTINY
>>542141313Bro do not fucking tell me you went on kraken and bought monero. Please fucking god tell me you aren’t that retarded? Go ask an LLM. “How can I buy untraceable untrackble monero via CLI terminal or dark web dex” please learn that and sell those coins you bought on the centralized exchange bcuz you just defeated the entire purpose of the privacy aspect of the coin. No one is supposed to know you have it otherwise you are tracked and traced and taxed and it’s literally attached to your social security number via cex you purchased on
>>542134953>Stablecoins pose another problem: they make capital flight extremely easy.All crypto does that, right? Sure, Bitcoin is more volatile, but nothing stops you from buying a million dollars of BTC, putting it on a USB drive and getting on a plane. >>542141089This is hyperbolic. Buying Monero from a centralized exchange is fine. Just withdraw it to a personal wallet before spending it. You can churn a few times for extra anonymity, but that's good practice whether you're buying directly from an exchange or using Bisq. After all, you don't have any guarantee that your Bisq vendor isn't sharing data with the government.
>>542141752Nobody said thatExcept you. Just now
>>542141877If you send it to different wallets and then back to another wallet wouldn't it be cleaned up?
>>542141877Buying BTC from a centralized exchange and then immediately atomic swapping it for monero doesn't magically solve the problem. The government still knows you bought crypto, and can probably figure out that it was atomic swapped
>>542141877>No one is supposed to know you have it otherwise you are tracked and traced and taxed and it’s literally attached to your social security number via cex you purchased onThat's not how Monero works. Once you withdraw it from the exchange, they can't trace any subsequent movements of the coin. You can just say you lost the keys to your wallet in a boating accident and they literally have no way of proving otherwise.
>>542141635>Whats the point of a stable coin1. Selling U.S. Treasury BondsNo foreign entities or individuals are willing to buy U.S. Treasury bonds anymore, because the U.S. government is absolutely unable to repay them. To sell these bonds, the U.S. government is selling the right to mint currency to banks and private companies. You can now legally issue private currency.2. Extreme Legalized CorruptionStablecoins will lead to extremely serious bribery issues. Since transaction details for stablecoins do not have to go through banks, you can deposit money directly into a company’s own stablecoin account. As long as the company shuts down its servers, no one will know where those stablecoins are.President Trump is planning to issue his own stablecoin.
>>542134554buy bitcoin
>>542134554Why does anyone want a stable coin, the whole point is that inflates
>>542141909>Sure, Bitcoin is more volatileThis is the beauty of stablecoins.Stablecoins are pegged to the U.S. dollar at a 1:1 ratio.You can legally obtain stablecoins without having to exchange them immediately out of fear of sharp price fluctuations.This makes it much easier for corrupt officials to flee.They can wait several years before exchanging their stablecoins for cash; by that time, they will have long since fled.
>>542141942He's schizoing out. People rob billions every year in crypto. They split it into hundreds, thousands of fresh wallets. They swap as much as they can into monero, but they often can't get it all through quickly, so they swap the rest into crypto on their own network, and keep it moving cross chain until they can get it into monero. Once you're into monero, you're home and dry. If its life changing money. Monero, bitcoin, back to monero. Monero to monero. They never recover it, the path dries up once you get it into monero.
>>542142307The problem is, how do you withdraw all that monero back into real money? Imagine cashing out a million dollars in monero and not being able to explain where you got it from. I feel like you'd already need the right criminal connections in place to make the most of it.
>>542142192>the whole point is that inflatesPrivate companies will almost certainly overissue stablecoins.For example, they might buy only $10 billion in Treasury bonds but issue $100 billion in stablecoins.This would lead to severe inflation problems.Moreover, as long as the U.S. government doesn’t conduct audits, no one knows how many companies are overissuing their stablecoins.And if the CEOs of those stablecoin companies simply take the cash and run, the stablecoins in your possession will immediately become worthless.
What's up with the Chinese flag and perfect English?
>>542142292Yes, what you say in your post is true, however, what you say in >>542142408 demonstrates why BTC is ultimately more valuable and safe.
>>542139159Debt is today what money is, how it is created. This entire post-1944 Bretton Woods system has been centered around USD since the beginning, but was never intended to be a global system in which the dollar was the actual default global reserve denomination nor moreover that USD and all the other major currencies would be(come) debt notes backed by absolutely Nothing.This is a worldwide financial tower of babel that we all are now witness coming to a cataclysm finish.
>>542139577Wut do
>>542141942No. Remeber when you signed up for kraken and entered your social security number to open an account. Everything you buy and sell is attached to your SS# now. Even if you try to send the coins to multiple wallets etc the gov still knows on this day you bought x amount of XMR on this exchange. You have been 100% traced and tracked already. I can’t believe you fucking tards don’t understand how a CEX works jfc >>542141991That’s not remotely what I said to do you fucking idiot>>542141909This guy must be a fed or something. This isn’t hyperbolic you fucking moron he just bought xmr directly tied to his fucking social and everyone and their mom knows he did
>>542142046Are you fucking dumb? A centralized exchange tied everything to your fucking social security # lmao you are retarded don’t even reply to me I can’t deal with dumb niggers like this
>>542142450>BTC is ultimately more valuable and safe.You’re better off buying gold.Bitcoin is essentially just a Ponzi scheme on a larger scale than stablecoins.People who hold Bitcoin will eventually need to cash out, and when that happens, Bitcoin will rapidly lose value.Everyone will starve to death when the scam comes to an end.
>>542142544>>542142581Explain why that matters. You clearly don't know what you're talking about. You think because the government knows you bought crypto, that somehow invalidates Monero's entire use case? You think because you bought BTC from a KYC exchange and added a single extra hop before exchanging for XMR, that nobody can see what you did?
>>542134554Ha! The schizos were right again!
>>542142625>Everyone will starve to death when the scam comes to an end.2 more peaks
>>542142380You would p2p in person cash for coins in a real meet up in person or xmr to BTC and withdraw at atm but you will be seen by surveillance that way. You can’t cash out without being surveilled monero is a vault it’s not a get rich it’s a way to hide net-worth from fed niggers
>>542142787You're not hiding your net worth any better than a Kraken buyer just because you bought BTC before exchanging it for XMR, and the point of XMR isn't just to hide your net worth, it's to hide what you're doing with your money. Just because you bought something at one point in time doesn't mean you still own it.
>>542142718>1% of holders own 30%W?T?F??!!!
>>542142649XMR is about privacy of transactions. By attaching a social security to the transaction = not private Are you retard?
>>542142857>1% of holders own 30%"As of 2023, the top 1% of American households owned 30 cents of every dollar."
>>542142846Lmao yes I am you fucking DUMB FUCK. There’s no social security # attached to any purchase on bisq or CLI terminal. It’s quite literally a ghost transaction entirely. Your stupid ass bought coins directly tied to your social security # lmao the gov will now account for those coins purchased if they ever audit you or investigate you. You have been surveilled entirely kek. You can’t even grasp these concepts stay out of crypto you don’t get jt clearly. I don’t understand what ur not getting
>>542142858>XMR is about privacy of transactions. By attaching a social security to the transaction = not private Are you retarded enough to think that your SSN follows your monero transactions around after you've withdrawn the coins to your own wallet? Like they can see oh this guy sent his coins here, here and here... let's follow them to the destination and attach it all to his SSN? Because LOL if you think that's how it works, then you need a crash course in Monero.If you bought BTC tied to your SSN and then swapped them for Monero, then Monero is tied to your SSN just like if you bought them from an exchange. Because Bitcoin is completely traceable. Your atomic swap transaction lives on the blockchain forever, and there's extra data included in the transaction which lets everyone know that it was an atomic swap for monero. You're giving yourself a false sense of untraceability.
>>542142499Live multigenerationally, grow your own food, work jobs that produce instead of extract, convince everyone locally to you, to act the same. Conserve every penny. Basically, live like the Amish without the religion.By retracting from the system as much as possible those in control have less power over you.
>>542134953Yeah flight from currencies other than the US dollar. #calculated.
>>542142952Your exchange can follow a trail straight from your account to the atomic swap for Monero. They can see that you're just using them as an intermediary for Monero accumulation. Especially since there's a repeated pattern of exchange -> your wallet -> atomic swap trails. They know it's you swapping your BTC for Monero. unless you got your BTC without KYC, you are just as traced as a Kraken buyer
>>542142968See this is how I know you’re a fucking idiot. You already were caught the minute you bought those coins attached to your SSN. That’s auditable. I’m not saying once you send monero away they can see where it went bcuz that doesn’t matter you were already surveiled the minute you bought the coins using your SSN. Thats all that matters. Congrats the govement now knows exactly what you bought on kraken, exactly what time you made the purchase and exactly how much you purchased. That’s that’s needed. I don’t understand what you don’t get about that. I can tell you’re new to finance and don’t understand audits and financial investigations but you’re totally fucked if ever. You were caught before you even started retard
>>542143090You bought your shitty BTC on a cex using your social. I don’t give a fuck about anything after that. You are caught 100% known and surveiled and that’s all that matters period
>>542143270>See this is how I know you’re a fucking idiot. You already were caught the minute you bought those coins attached to your SSN. That’s auditable.So? Owning monero isn't illegal. Besides, I can just say:>Sorry, I donated all those coins to the QubesOS project. Then I deleted all my keys because I had no reason to keep the wallet anymoreYou have no way of auditing or disproving this. So get fucked, fudder. You're just trying to discourage people from becoming monero owners by making it sound OOOOH SOOO SCARY to buy monero. OOOOOOH WHAT IF THE GOVERNMENT KNOWS? The function of monero is not to hide the fact that you use monero. You fundamentally misunderstand its very use case.
>>542143319I bet you're one of those people who says "you should never use Tor from your home internet connection, the government will see that you're using it and that defeats the purpose". It's not even midwit logic, it's just dumb. You don't even know what the purpose of this tech is.
>>542134554Bro they are launching a USD backed stablecoin... This means that they buy US debt...Tether is almost entirely (80%+ of assets) based on the value of US debt.Not only do these stablecoins increase the demand for US debt by hundreds of billions, they also entrench the dominance of the dollar because now people all over the world are transacting in a digital currency whose value is pegged 1:1 to the USD and is backed by purchasing and holding US debt.
>>542143369>>542143339Kek this dude moves goal posts and shit dude your a fucking idiot who thinks he’s a crypto bro while buying monero attached to his identity lmao what a fucking idiot u deserve to get caught enjoy being audited but the gov doesn’t care about your $5 lunch money purchase ur right but guys like me it matters and I take it seriously fucking dumb faggot shut your mouth and stop trying to talk crypto w someone who’s far superior than you >>542143369>what is tailsOSYou are a retard of the highest caliber
>>542143339Kek this retard thinks some random excuse is gonna stop the feds hahaha they literally have your transactions lmao u r FUCKED
>>542143415It's the US that will be buying them, the same as it's buying its own bonds.
>>542143442What are you ultimately getting at though. So you buy monero on a centralised exchange, which has KYC. Tax authority / government knows you bought that. I'm following so far....But then what, you're suggesting that will be traceable forever?
>>542143516Correct the coins you bought are directly tied to your Ss# aka your identity which is auditable and accountable by the Feds forever and no they won’t accept some random excuse lmao “oh i lost that” try it i dare you. Im trying to tell this fsggot that monero was designed to be bought via CLI terminal which is a ghost transaction no one knows it occurred besides you and the peer you bought or sold from. No transaction history no kyc no cex. Notging. A total ghost protocol. Ultimately He’s using monero improperly which defeats the privacy aspect entirely. Go ask an LLM to go over the white paper with you. This is why ZEC is garbage and not a true privacy coin bcuz it has a toggleable privacy option while monero is a complete ghost
>>542143626What are the private on ramp options these days? Say $1 million
>>542143626Granted, buying monero on a centralised exchange isnt ideal. But for argument sake, lets say someone buys on a central exchange, lets say someone goes from someone elses wallet to their wallet, tor/tails etc nodes, doesnt reuse addresses, swaps on-chain addresses, cross chain swaps, moves random amounts, at random intervals. Thats going to be extremely difficult to trace, no? They'll have that initial address, they'll have that metadata, then the data starts to dry up, no?
>>542134554Don't be a good goy and trade all your hard assets for computer blips. (and yes even cash is a hard asset)
>>542144186CLI terminal via offical monero wallet >>542144219The shell game youre attempting to play is irrelevant once you’ve already purchased the coins via CEX which is attached to your personal identity via Ss# You’ve already created a paper trail for the govement. A literal evidence trail. They know you have it. The entire point of monero is private transactions which you already compromised at that point. Do it right or don’t do it or be sorry
>>542144219>>542144186Read pic
>>542144186Read pic rel for on ramp
>>542144219>>542144186Basic summary of how you should be transacting on monero FUCK THE FEDS NIGGERS
>>542144625No I get that buying on a centralised exchange creates that initial trail. What I'm trying to get my head around is, why you're claiming its forever traceable. If you churn immediately after withdrawing from an exchange, why will it remain identifiable afterwards. The paper tail will end at that churn, no? What are they going to trace if the outputs are all different?
>>542144950You really need to study this more if you plan to live outside the system. Especially if you plan to do this with serious money. Readpic rel
>>542144625Anon, everyone heard you the first time. Audits don't work that way. If a million dollars are moved abroad, you get audited a year later and the feds say they *think* you have a milly and cant prove it, what are they gonna do if they want show you're spending that money? If you are spending money (via Monero) and they ask how you managed to buy a brand new 50ft sailboat with zero reported income or assets you're equally fucked.
>>542145211"equally", I meant much more fucked
>>542145085Its not realistically traceable forever though is it, you can break that trail. For example the exchange will have no record of the outputs after churning it whether its to yourself or not. So what are they actually going to trace? Fixed amounts? You're randomising those. On a monday at 9am? You're mixing that up... etc
>>542143021Anything directly challenging the narrative of the financial system is a threat to them. It is insane to think about simply saying 'I want to live free from harassment and criminals in power who peddle corruption' puts you on a list as an 'extremist' and 'terrorist' to exactly those in power. The system is now 100% built on extortion. I'm pretty certain there are people out there right now who are building a crypto coin based financial system that is built in an entirely different manner on principles ready to stand the test of time, which are 1. inclusive and not exclusive, 2. maintained on all levels of participation 3. rewarded directly by participation. Hopefully soon these people will have delivered on their promise for me to have some device standing by to track and maintain a freely programmable currency and identity system that could compute and keep track of all sort of favors people in my community did for each other. I'd love it to be anonymous by choice as well as not everything is public and every kid on the block could make his own tokens of gratitude or ownership of every little detail about his life on it and even trade ownership of it to gradma if he wanted to disclose to his mother he actually did sweep the tiles after biscuit day was over, in case his mother had to ask. You could basically build you own governance from that programmability too as you could vote on every little idea everyone made up and put criteria on a blockchain to what's being publicly disclosed about voting as well. Insurance companies could buy permission from communities to see if the snow was removed on the day some man had a car accident or someone slipped on some ice and broke their hip.It will probably take a while but everyone except the power junkies who own the energy mafia would benefit immensely from it. We might need a purge before we're allowed to do so, though. But let's see if their henchmen can't see the benefit of cooperating instead.
>>542134554>This will throw the U.S. financial markets into chaos and cause the dollar to depreciate even further.How so? They can easily demand you to use US dollar as an intermediary.
