Crypto ≠ CBDC - The Federal Reserve Will Fail

Gab.com ^ | Rob Cunningham

[RobaWho]

Friends, perhaps today’s Greatest Deception is Central Bankers, Governments & the Corporate/BlackRock Media Empire are selling to the world a requirement for a brand new form of digital currencies, one which the world’s central banksters will define, produce, distribute, regulate and CONTROL. 100% of digital currency rule making, ownership, taxation & control will rest in the hands of the same centralized control freak & issuers of the fiat currencies in use today. “We the people” the world over will merely be “allowed”, conditionally, to use their digital currencies according the rules, controls, restrictions, fees, terms & conditions of the central bank system owners. Our simple acceptance and use of THEIR digital currencies will be our binding acknowledgement & acceptance of THEIR terms and conditions. The superseding authority of the producers and issuers of all digital currencies will 100% exceed the rights and privileges of any user/customer of their currency. The issuers of digital currencies become the ultimate authorities and regulators on earth, superseding all governments, constitutions and unalienable individual rights we’ve long believed in.

Armed with this information, please know that central bank digital currencies (CBDCs)/digital dollars DO NOT EQUAL crypto currency. CDBCs are issued by centralized controlling bankers & governments with ALL user rights subjugated to the powers of the issuing authorities. Crypto currencies are a decentralized form of peer-to-peer tokens with clearly defined rules and regulations for use of the assets and only by majority vote is crypto users can the nature, terms and conditions of the crypto currencies be altered. Please understand that power@hungry banks and governments always seek more and more power & control over our lives. Bankers & Governments & their Media Cheerleaders are desperately seeking to deceive and confuse the world into believe that Central Bank Digital Currencies EQUAL Crypto Currencies. Nothing could be further from the truth. Crypto ≠ CBDC. Crypto equals freedom. CBDC equals tyranny.

[RobaWho]

Here’s a comprehensive overview of a new, decentralized monetary system that will become the “Phoenix” that arises from the ashes of the Federal Reserve. Let’s Talk Cryptos

[Renfrew]

Until crypto transactions are reversible, they can’t replace traditional banks. And it is very hard to build a crypto currency where a payer can reverse a transaction.

[mmichaels1970]

Let’s Talk Cryptos

Linky no worky. But I'm interested in figuring out what the nerds will do next now that big government is about to ruin crypto.

[oblomov]

Your link doesn’t work.

[oblomov]

But... I don’t want my transactions to be reversible. If they can be reversed, they can be censored.

[RobaWho]

Sorry about the bad link! https://u.pcloud.link/publink/show?code=XZ7MMVVZYFfWXFXULuBDrQ99VvHiWkKbvX6k

[RobaWho]

Oops! Here you go: https://u.pcloud.link/publink/show?code=XZ7MMVVZYFfWXFXULuBDrQ99VvHiWkKbvX6k

[Vermont Lt]

Actually, some smart contracts on the Etherium network would allow this to happen.

Having non reversible transactions is not universally seen as a negative for Bitcoin.

[delta7]

they can’t replace traditional banks.
…….
Much written about our coming cashless society. The Feds do plan on edging out banks- familiarize your self with with Bail Ins- not Bail Outs. The Post 2008 Dodd banking act went unnoticed….. put into place so the Feds will not have to bail out banks ( $12 trillion last 08 crash)….the next financial crash,,,,, hint : Cypress.
Fasten your seat belts.

[Pollard]

https://cbdctracker.org/

[RockyTx]

if everything goes to
central-bank digital currency.

what does Visa or Mastercard do?
or banks?

[z3n]

what does Visa or Mastercard do?
or banks?

~~~

On one had, someone needed to break the strangle-hold that a small number of payment processors had on transactions. On the other hand, we always seem to make things with with each solution iteration

[RobaWho]

Awesome perspective here!! https://m.youtube.com/watch?v=KXIaILHl7Rg&feature=youtu.be

[Theoria]

[Jumper]

Good post to make the point that Government fiat digital currencies are nothing like Bitcoin, Etherum, Helium, etc. Crypto currencies currently differeniate themselves from one another, usually for the solutions they seek to solve/implement at different layers of the transaction process. Many “coins” are just the equivalent of penny stocks and literally seek to take advantage of the hype of actual provlem solving crypto’s.

[RobaWho]

Crypto & digital assets ARE flowing across the Russian CIPS crypto payment system, a modern alternative to U.S. Dollar-based SWIFT system. The BRICS nations as well as many others are indeed using this system to conduct trade and avoid the U.S. sanctions.