Global demand for dollars INCREASES during the end of a currency regime, because the whole system delevers and all these foreign countries need to pay off their debt. Remember most foreign countries have their debt denominated in dollars.
So they will sell treasuries and US equities in order to get dollars. And most of all their own currencies.
The dollar will scream higher on foreign exchange, while everything else falls. It is a strange world.
Basically, the Fed will have to eventually decide if they want to save the Eurodollar system and by extension, foreign countries from seeing their currencies collapse vs the dollar.
They will have to re-run Plaza Accords (G7 agreement from 1985) to devalue the dollar.
All roads lead to more money printing which = inflation.
Then.... The Fed Stopped Buying MBS 7 days ago. The purpose of MBS purchases was to repress mortgage rates and inflate home prices. That process has already started to reverse over a week ago. TA:DR **October **20th the last MBS trade will settle with The Fed. What happens between now and then? We shall see.
In a dollar endgame, the collapse begins at the periphery and moves to the core.
The first dominoes begin to fall...
Then the stock market is also showing signs of BIG trouble..... the VIX has officially hit 30 again. We’re officially in “large volatility resulting from increased uncertainty, risk, and investor fear”. Looks like it will be a RED OCTOBER in the markets.
At the same time... from the FTX president AMA: They want to "set up a regulated exchange in the US that is able to offer security tokens..."
Tokenized securities are coming. A new stock market with stocks as NFTs. This ends most fraud / loopholes being used in the current system and with virtually no need for gov oversite / regulation besides just the rules / regulations they want programed in. This takes a HUGE amount of power from corrupt institutions.
FTX is working with GameStop and LoopRing (LRC)
Rumor is OCTOBER launch on that.
All this seems to be coming together at the same time.... almost like there was a plan to blow up the old system and replace it with something better.
For those that don't understand NFTs or what tokenized securities / assets means check out this post I made a while back:
The revolution will be tokenized. (Why the MSM trashes NFTs so hard) Game Stop = Game Over!
What are your recommendations? seems like there is no escape from this or safe haven. This seems like it could be the start of entire new financial system
No the last thing Wallstreet wants is this new stock market they can't use to cheat. Tokenized securities = GOOD
As far as safe havens, the companies that are behind this new tech are where I'm at. For that and other reasons. The market crashing works in favor of them ultimately. GameStop (GME Stock) I'm 80% of everything in this one for the upcoming play / squeeze. If you buy GME you NEED to DRS your shares or you will likely get screwed. LoopRing (LRC Crypto) I'm 15% in this and moved my tokens to the LoopRing wallet and will be staking my LRC to make fantastic interest when the price normalizes The other 5% in these partners that support the new ecosystem. ImmutableX (IMX Crypto) 0x (ZRX Crypto) Uniswap (UNI Crypto)
PHYSICAL gold and silver are good too. Got a few kilos silver and a bit of gold. Silver is more undervalued than gold IMO.
Not financial advice but the right assets don't suffer during inflation. Just don't sell if they dip, diamond hands will reward you in the long run.
I'm in your boat Datasinc.
If we believe in Q, then Gold should be the one that really goes up. But so many silverbugs are buying AG like maniacs, so I'm splitting 50/50 on metals.
Silverbug here. I’ve been buying up more lately. Gold is always good but silver is cheap and still a PM Have some of both if possible.
Silver will out preform gold 5 to 1.
I'm almost identical to you in these lol
Nice!
you can sell through computershare, however if everything goes how I think it will, you won't want to sell at all.., ever.
That's what I think aswell. Never sell. I rather have my money in the new golden era and economic system than keeping them in the old, dying one.
I'm going to sell one. For eight digits.
Because we may be in hyperinflation of the dollar, in which case the asset itself is producing dividends in other forms of currency that are far more valuable than petrodollars.
Not true at all. Computershare had addressed this in their AMA as well as other shave debunked this FUD
You can, but you're beholden to the computershare price. It does take them awhile to process and get your money, in my experience, about a week.
That's because ComputerShare does everything correctly due to margin.
Sell your stock? T+2 verification, and the T+1 to T+3 for the ACH to clear.
Same as buying through ComputerShare. T+3 for your funds to clear and then T+2 for the stock buy and settlement
Lifted from your research (persian_bull):
"The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1...."
That's the most important data point perhaps this century. I mean, fuck. Anyone who knows this and understands what it means understands that it's already too late. We (the global financial system) ARE FUCKED and have no way back. That's it. Without wholesale structural reform of the ENTIRE system, this ends in financial meltdown and Armageddon the likes of which will make 2008 feel like a comfy fart.
The pain we didn't allow our system to take in 2008 has been waiting for us all this time, and growing stronger all along. Because the Corpos and Elites were unwilling to endure the systemic shocks of the past and let capitalism do its ugly work, the meltdown that's coming has ballooned into something SO LARGE that it will wipe away entire continental economies. No nations or sectors can survive it.
Even 2008 wouldn't have been the bloodbath that this is going to be. For sure it would have been one and it WAS ONE for plenty of us. But instead of allowing that same pain to register on the business side, the Washington fuckbags made a lot of noise with their whoopy cushion-like mouths and explained to John Q. Public that this pain is only for you, you see, because it would be TOO PAINFUL FOR US TO ENDURE and that could mean the entire collapse of our banking system, Too Big To Fail.
So John, will you take some more of this pain, a part of the slice meant for us, so we can keep our yachts and summer mansions? We REALLY JUST CAN'T go back to having only two homes, because, well, we're bankers and as bankers we give loans to every kind of business and our whole economy could be affected and we um, we just like our bank and we don't think you want to go through all that trouble to get a new bank. See John, if we fail, then smaller banks will buy our assets at fire sale prices, and when that happens, your assets will go down, and your 401K looks pretty good so.... WILL YOU BUY ALL OUR WORTHLESS SHIT SO WE DON'T HAVE TO EVER TAKE THE LOSS?
And so we did that, allowed our public to take the debt so just ONE sector of the economy would not topple over. The magnitude was inflated back then: they spoke about it the way they SHOULD be speaking about what is coming up today. That's how you know they are scared so shitless as to NOT mention it at all. If you listened closely then, the banking industry and regulator's language mirrored that of a drug addict and a drug dealer.
QE was the heroin they needed to avoid the pain of withdrawal, and the Fed was only too happy to supply it as it had in all previous crises. But they got the order of magnitude wrong, as they so often do. They are greedy, selfish drug addicts you see, who want all of it for themselves. They allowed the general population of our country to SUFFER MIGHTILY THRU WITHDRAWAL while they didn't, due to a belief that TOO MUCH SUPPLY of $ added to the system would hyper inflate it.
What they really did was allow the real economy to lay down and die while the banking sector and markets were revived (by optics alone) in nominal fashion. Normalized yields and volatility measures returned and using their stethoscope in just the right way they could convince investors and companies we'd "returned" to a "new normal."
What actually happened is they let our real growth and expected potential continue to die off, at the price of a one-time MAJOR INJECTION of capital that shocked the system into a kind of zombie life and we've been there ever since.
Nominal income and nominal prices are only optics. The real economy beneath it has been essentially lifeless since 2008. They had 2 correct solutions potentially, and they did neither.
There's only one solution left to help that institution, from the purview of the Fed. Can you guess what it is??
That's right: Quantitative EASING!
I hope I could help to explain some of this to you guys if you're not savvy on economics. I went to college for it for some reason but most of it is common sense. There's a reason that President Trump during the pandemic placed stimulus checks in our hands, employed lawfare and other techniques I mentioned above to keep Americans afloat and spending $. There's a reason we shot out of the pandemic like there was a rocket up our ass right up until Biden took the wheel. Not saying they did ed everything right, the lockdowns destroyed businesses 10x and collapsed market share, propelling an untold amount of public $ into the hands of a few robber barons and created record numbers of new billionaires in a shockingly small amount of time. A lot of it was really fucked for sure, and it was all manufactured. To keep "them" from taking their medicine.
It's like a guy at work who starts cleaning some machine or component on your shift. Then he comes and says Hey man I've got to go to this meeting right now but I'm coming back to finish this! Parts laying around everywhere. You take a bathroom break 2.5 hours later, avoiding the clutter he's left all throughout the hallway, to find him standing in a group of managers and talking. He winks at you and smiles, indicating I'll be back for it! Now it's almost closing time for the day and theres still shit everywhere. He has to start his other responsibilities and can't get back to his project, so it's on you to do both your job AND his. Effectively, he did nothing except create a big fucking mess and then coax you into doing almost the whole job for him, because you want to leave your job with everything done and where things are supposed to be. He will later take credit for cleaning the equipment and get more consideration for his next promotion because of it. And all he had to do was be a fucking idiot and make a mess with good intentions, and not enough time or resources to actually deliver on it.
This is what our financial system governance does to us. They half ass it. You are SUPPOSED TO either do something all the way yourself or just don't do it at all. The government messes around in the market, creating the inefficiency. THEN they burden you the taxpayer with an expensive and time consuming solution that is required to fix it, so you bear the entire load of it and are due the suffering that's originally meant for them! The corporation passes on the problem to you! Either let the market run and leave it alone, OR come in big enough to COMPLETELY solve the problem. They never do either which allows them to take credit for our hard work, so ingeniously solving problem after problem of their own creation.
Growth and destruction are a part of the system. We've delayed the second part so long that the whole thing is going to go under now. Innocents will NOT be spared.
These fucking idiots think they can just switch our system out with another one overnight and that isn't going to work. Someone always has to pay.
I wonder now if QE and assets will hit a -1 delta soon. 🤣
Killer comment! Thank you!
You got it, any time!
Here is the full thing on SubStack: https://margincaller1.substack.com/p/fed-up-words-about-qe
Thanks again fren for putting me on to =some good digs!
I personally believe the payers, for what they've done, will be the wealthiest, who are corrupt. That's why PDJT wrote that EO to take their assets. I don't know how it will work but I believe the average American taxpayers will be the ones who are spared. I don't believe PDJT would participate in a plan that removes all wealth the average small business or everyday American has built over their lifetime. That may be naive of me but that's my faith in God who is running this plan.🙏🇺🇸
FTX is run by one of the greasiest khazarians in the world who is best pals with binance exchanges CZ. The logo of the exchange being the square and compass free mason logo.
Both these guys are heavy into deep state banking. Whatever the new system is, FTX parasites won't be a part of it IF it is honest.
Surely Biden's second largest campaign donor will help usher in a new fairer financial system for the world? 😂
https://www.coindesk.com/markets/2020/11/05/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign/
Yes, can't imagine FTX running the exchange, when Loopring's technology should be able to do it. Unless this is one of the last head fakes by the good guys.
Indeed!
I keep telling folks that stocks will be tokenized on blockchains in the very near future. It truly is inevitable.
If anyone is interested in how this infrastructure might come about, do read my post on the crypto / tech project Revolution Populi. The RevPop team are building a crypto clearing house for institutional buy in that will fund a new decentralized database for use in decentralized social apps. Exciting stuff!
Nice! I had another post a while ago that didn't get traction on NFTs and how they disrupt ALOT of industries in favor of consumers and individuals / small biz. https://greatawakening.win/p/15Ir28rdyw/the-revolution-will-be-tokenized/
Most folks don't realize that crypto is not just a currency tool, but also a tool for all assets, as well as use case scenarios.
It is very easy for Anons, Patriots, and Normies to fall into the mind trap of thinking all crypto is a scam or a pyramid scheme. Its not unlike how the media uses the Qanon psy-op to maintain a barrier between the masses and the genuine Q research.
I believe there is a concerted effort to keep the masses far away from widespread mass adoption of crypto.
Yeah crypto can take alot of power away form the establishment IF it's decentralized.
The government can never be trusted to issue currency again and neither can banks. Historically it always ends badly. Crypto currency is the only solution currently.
And tokens change alot of things. The possibilities are unimaginable at this point.
Oh thank God, so you're telling me I didn't waste my money on a fat stack of RVP?
Edit: have there been any more updates from the team since last year? I remember waiting to hear more about a big development...
I do not believe anything was wasted.
The RVP team has gone radio silence these past six months, but rest assured that they are not the sort of people to abandon ship and leave investors out to dry. I believe their silence is indicative of ongoing audits, as well as non disclosure agreements.
If RVP is truly going to be a major facet of the new economic standard, then the lack of communication from the team is understandable. They may very well be aware of the impending market crash, and the financial ruin that is about to befall the entire world.
I cannot give financial advice. Everyone must act on their own beliefs. For myself, I will be hodling onto my RVP investment for the next five years. I could be very wrong, but then again I could be very right. Time will tell.
If you don’t mind explaining, what does RVP bring to the table in all of this?
Read my post from some months back about Revolution Populi. (RVP)
The RVP team are working on a new Layer-1 blockchain that combines a three tiered approach to the problem of tech censorship.
Their primary goal is to return data sovereignty to the people. Basically that translates into enabling people to own their own data. Data can be anything from your social security number, medical records, text messaging, e-mail, etc... Right now, all of that data is consolidated into a river of information that the Big Tech corporations tap into for nearly unlimited wealth. This is how Facebook amassed billions of dollars. They stole user data, and sold it on the market to the highest bidder.
Their secondary goal, which supports their primary goal, is to create a Crypto Clearing House. This is where the possibilities of tokenized stocks come into play. Crypto has no clearing house as of yet, which means that trades in the crypto market are not guaranteed. For the average Joe trading crypto, this is not much of a risk if investments are made in small amounts. For institutions looking to invest billions, or even trillions into crypto assets, this is a major risk that is not worth taking.
If the tokenization of the stock market occurs, as I believe it will, they are going to need clearing house organizations that can shore up the integrity in the crypto market in order to guarantee trades and transactions between parties. RVP might sit right in the middle of all of this action if the cards play out the way I believe they will.
Not financial advice though! Do as you will with your finances.
Thanks for the detailed and well thought out answer!
I too read Peruvian_Bull's DD ;)
Those that know, know!
High wrinkle post. I'm just nibbling on crayons and bananas, waiting for my tendies.
Sauce?
A few places I put this together from including
https://www.reddit.com/r/Superstonk/comments/xm3ozx/dave_lauer_on_twitter/
https://www.reddit.com/r/Superstonk/comments/xm6qy2/ladies_and_gentlemen_the_vix_has_officially_hit/
US securities yield curve
https://www.reddit.com/r/Superstonk/comments/xm92fn/the_most_important_part_of_the_ftx_president_ama/
This thread on currency dynamics https://twitter.com/peruvian_bull/status/1570825796025188353
This post / theory from a year ago and the follow up parts that we now see playing out https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/
This guy is the economics wizard that made some of these predictions and I gathered other data that paints a bigger picture from other places https://www.reddit.com/user/peruvian_bull/
Thanks!
If you can't hold it, you don't own it.
That may have been true a few decades ago, but that is precisely what blockchain technology aims to solve; the ownership of data.
You say that we can't own that which we can't hold, and yet mega corporations are daily selling our data for billions of dollars to the highest bidder. Clearly someone can own what can't be held, but as of the present you are correct in the fact that the person who is unable to do this is you.
A decentralized blockchain database can give the power of data sovereignty back to the people, where it belongs, and allow for the ownership of our most precious natural resource; our data.
Bingo!
And this website domain.... does someone own it? Yes. Can it be held? No. (But currently it can be confiscated under certain conditions. Web3 and blockchain will make that a thing of the past as well)
bad assertion is bad.
Edit: There's a difference between "holding" something and "possessing" something. For example, this website & URL... can someone "hold" it? No. Does it belong to someone? Yes Do you have information in your mind? Can you hold it? Do you have salvation through Christ? Can you hold it? Do you have skills? Can you hold them? Do you have a collage degree? Can you hold it? No, but you can have something that signifies and proves that you hold it, much like a car title that works even if someone else is in possession of it. The cops aren't gonna say "sorry boss he's holding the car" Lots more examples that can be made in multiple categories.
Right now you don't really "own" any digital content that you buy that is hosted somewhere like iTunes, Amazon, Google, Steam, etc. You may have their DMC protected copy on your device but can you transfer ownership like a physical copy? NowThis is a paradigm shift of epic proportions.
Right now if you think you "own" stocks and you have them with a broker and not either paper stock certificates (that represent the share and company btw, another example) you don't own the stocks, your broker does on behalf of you but their interests come first. This changes that.
YOUR digital items or NFTs signifying the authenticity / ownership of real world items (Like NFT Home Titles or an NFT showing the Gucci handbag you own is authentic) will be in YOUR wallet that YOU control.
Try to think in the proper categories.
Logical statement is sound though
On the surface but when you think for a moment even without an understanding of what NFTs are you can see it's clearly not true.
There's a difference between "holding" something and "possessing" something. For example, this website & URL... can someone "hold" it? No. Does it belong to someone? Yes Do you have information in your mind? Can you hold it? Do you have salvation through Christ? Can you hold it? Do you have skills? Can you hold them? Do you have a collage degree? Can you hold it? No, but you can have something that signifies and proves that you hold it, much like a car title that works even if someone else is in possession of it. The cops aren't gonna say "sorry boss he's holding the car" Lots more examples that can be made in multiple categories.
Right now you don't really "own" any digital content that you buy that is hosted somewhere like iTunes, Amazon, Google, Steam, etc. You may have their DMC protected copy on your device but can you transfer ownership like a physical copy? NowThis is a paradigm shift of epic proportions.
Right now if you think you "own" stocks and you have them with a broker and not either paper stock certificates (that represent the share and company btw, another example) you don't own the stocks, your broker does on behalf of you but their interests come first. This changes that.
YOUR digital items or NFTs signifying the authenticity / ownership of real world items (Like NFT Home Titles or an NFT showing the Gucci handbag you own is authentic) will be in YOUR wallet that YOU control.
Try to think in the proper categories.
But you literally cannot hold an NFT. You completely missed the point of what I said and got offended first. This shilling shit needs to stop. It's not Q related and no one cares. Fuck off. This is peak cringe and reddit advertising.
LOL Yeah no crap you can't hold an NFT.... unless you put it on a thumb drive, then you are holding it. Holding a digital token of ownership proving you own something either digital or real world from music albums, to concert tickets (NFT ticketing WILL replace Ticketmaster very soon) is the POINT of them in an increasingly digital age. Do you own any stocks? Upload a picture of you holding one in your hand. Got a 401k? Send a pic of it in your hand WHILE it's still a 401k.
Were EXACTLY did I get offended? You, however are the one cursing at me suddenly for no reason. You seem to be projecting.
What EXACTLY am I shilling? NFTs? That's a category of technology. I brought it up because when the market collapses that's the TECH that will replace Wall Street IMO. I'm not telling people to buy anything. I'm talking about a market / dollar collapse coming likely in Red STOCKober.
Lets take a look at any solid digs you've written and posted...... Oh, there aren't any. Maybe some good comments.... wow you're a Christian? Never would have guessed by you're behavior above. I guess the salt has lost its flavor.
Here's what I think.... you made a poorly thought out comment about a tech you don't understand and instead of saying "oh I didn't know that" when I took the time to reply to help you understand and educate you on the subject, your pride rose up because you don't like to be wrong about stuff and since we're not face to face you lash out at me from the safety of your device as if God isn't watching you and you will need to account for that false accusation, that pride and that personal attack against a brother in Christ.
Out of the abundance of the heart, the mouth speaks.
Wall of text, that's how you are offended. Spending this much time to refute a very basic, logical point is being offended. Just close your eyes. Stop acting like a fucking elitist. I know everything you and your shilling faggot buddies know about this topic. No one asked for it. You inserted it intentionally..it's not Q related and you know that. Habeeb it.
So anyone that articulates a comprehensive answer is offended? lol okay bud. You're point WASN'T logical. That's what the response pointed out.
Apparently you don't know what an ad hominem is. Hint; It typically means the person making it is usually not capable of much more.
This board has so many brilliant people which makes GA.win priceless. Thank you so much for your insight. We all have our specialties and we share them with others. God bless us all for our contributions here.🐸🇺🇸
This is what happens when "they" Fear.
Regulations as in parameters that the market itself can work in. Like no naked shorting. No PFOF (Payment For Order Flow) No delaying trades. No loaning out stocks without approval from the owner. No dark pools where your trades don't effect the price. Rules that some are in place but are rarely enforces and when they are it's a fine that is always less than the profit the company made breaking it. This stops it fully.
It also could give powers and abilities to companies to not only interact with their investors directly, but also limit their stock sales to only US citizens for example to avoid foreign influence.
It also eliminates the need for brokers and many institutions. You could trade directly from your phone or computer with each trade being instant and costing pennies with real ownership. You could even have the market open 24/7 365 like crypto has. It doesn't need anyone to ring a bell or open it.
This would be a complete disaster. Retirements of pretty much everyone will be gone. There’s no silver lining. What? 1000 people have enough gold to keep their assets in check? I’ve followed advice here. Still waiting for the one time it comes into fruition.
XRP from Ripple is the base of the system. They've been building the financial system for over 10 years now and they're almost ready.
I heard this last week from someone who seems to be very well connected with inside info, but like always, grain of salt, who knows for sure...
He said XRP will be for institutional use only. When the time comes (seems to rapidly approaching) there will be a buyback of all XRP from the public for a non-negotiable price ($589???)
He said XLM (and other ISO) will be used by the public, and will jump up initially in value, of course, and then continue to rise in value over time as adoption increases.
I don't know much about crypto, but I'm holding XRP and XLM in a hardware wallet, so we'll see what happens, and I'll learn as we go.
I added a bunch more XRP a couple weeks ago at 32 cents but looking to really stock up if it goes to the 10 cent range as some predict it might. I've read theories that when Tether inevitably collapses then it takes down all crypto to extremely low levels. After that the ISO coins are the ones to rise from the ashes and move forward.
Correct. Ripple is basically only selling to their institutional clients nowadays. I don't know if anymore XRP will ever be available for retail users. But I'm pretty sure 589 is masonic symbology and not an actual price. I'm not waiting for the big crash to buy anymore because I suspect we won't be able to buy during the big crash so I'm buying now.
$0.35 on Sept. 19th to $0.55 today.
ISO20022 compliance is the future and it's coming fast.
Ah no wonder Melania sold her portait via an NFT bringing some attention to it.
Very interesting, thanks.
Where are my fellow silver hoarders at!?! Who's ready to be the rich snobs for a change!?!
Here is a fact: the dollar is commanding an all-time high PESO exchange in the Philippines. I know because I send money to family there frequently and have been watching the Peso equivalent climb over the last few months. It's now at the all-time high of 58.5 Pesos to the US dollar. I have felt very uneasy about this. For many years it hovered around 50 pesos and even dropped below that in the past few years.
vs Euro and vs GBP and many others too. I bet pinoys around the country are buying the peso as fast as they can.
wait till you find out about what RARE PEPE is
https://whiterabbit1111.medium.com/the-origin-digital-antiquities-market-nfts-1ea9b69c03f9
Bitcoin was set in motion by white hats at the NSA for this moment.
What do you think about Ken Griffin being a huge donor to Desantis? Makes me really give desantis the side-eye
Ken has a home in Fl. He's trying to grease the wheels. This is normal for the elide & super rich. Doesn't mean he will. If I was a politician I'd take his money. I would also order a sting operation on him too tho. Accepting money as a politician doesn't mean hes bought off.
I've always been sus of Desantis, a bait and switch
Stay in cash and stable coins while the dollar is pumping, then once markets hit the bottom and the DXY finally reverses course, buy crypto and physical gold. Get a hardware wallet like trezor or ledger and keep your crypto off centralized exchanges.
Keep a close eye on FED statements, CPI reports, and interest rates.
I wouldn't be caught dead using Tether / USDT though. That house of cards will fall one day.
Apparently they are actually getting ready to prove their assets they use to back it up, but I agree. USDC and Dai seem like the best options at the moment.
Any timeline on that? I'd find it sus if it's soon like anytime before the end of Oct.
If they are dirty they are more than likely working with the central banks or cabal and would have an event scheduled that would stop, perm shutdown, disrupt, overshadow, or delay indefinably. The same thing they do when their fractional banking system cycles near the end. Big event. Reset. New unbacked currency / system. Repeat.
War. EMP. Natural Disaster. Virus. Aliens. Personally my money is on Aliens or EMP. Maybe both!
Most celebrities and blue check marks shill NFTs constantly on social media. I disagree with your point about the MSM trashing NFTs, because I see it pushed continually on many fronts, including those ads for the app Public.
I am really pissed that nothing is being done about this by Trump and co.; my family members are about to lose their ability to retire because of this.
Most celebrities and blue check marks shill NFT PICTURES AND ARTWORK. If that were the ONLY use case I would agree but it's not. Go read the link at the bottom of the post.
No thanks. CBDC and cryptocurrency is the gateway to a cash less credit system that allows those in power to keep the rest of society silenced and submissive.
This post has literally nothing to do with CBDC or cryptocurrency. You are making a category error. These are digital tokens of ownership that can be used and already are being used in countless applications.
I'd suggest reading the other post I linked to to get a better understanding so you can at least be on the same page for a productive discussion on the topic at hand, not something else.
Shouldn’t Trump be telling us to stock up on food before paper towel is 50 bucks?
He knows what is coming. But doesn’t seem to warn his base.
Maybe there is no need ... otherwise ... those with a grain of perspective, have seen the signs on the wall and have been preparing ....
Then there is another angle to it. Screaming fire in a theater ....
He did press releases every year that September was national preparedness month.
Blockchain is not the answer. It is even easier to defraud than the current system.
I’m with ya… no thanks to digital tokens.
lol okay boomer. You clearly don't understand what an NFT is.
Let me help you out.... An NFT is a unique digital token of ownership you can attach / incorporate into any digital item. It cannot be duplicated and can only be at one place at one time and has the ability to show a chain of custody proving ownership.
This means in a digital age you can actually own things again like your digital movies, music, games and do what you want with them including sell or trade them or loan them out.
They can also be used in place of things like home titles for example.
I go in depth here https://greatawakening.win/p/15Ir28rdyw/the-revolution-will-be-tokenized/
Question:
Why do you keep insisting that the securities be non fungible (i.e. NFT) ? In fact, fungible tokens are a much better solution in most instances for corporate bonds and securities. Unless you really need to distinguish between my share of stock and your share of stock because they are unique, this seems to be nothing more than an unnecessary intrusion on privacy.
NFT's need to be limited to things that are actually non fungible, such as works of art where every piece is unique. (Or, as you say, home titles.) For company stocks and bonds, standard, fungible blockchain tokens are much preferred in my opinion.
And importantly, the blockchain itself needs to be both public (so anyone can become a verification node) and not proof of stake (so that you must sacrifice an entirely orthogonal asset class in order to participate in the authentication of trades.)
Bitcoin, with its proof of work mining algorithm, was conceived as it was for a very particular reason, and people today have forgotten why those reasons are important in their quest to be "green". Private blockchains and proof of stake blockchains risk recreating the very thing they were meant to prevent. Just in a different form.
Well the solution being built appears to be through Gamestop's new parent company GMErica and the token tech they are centered around is LoopRings L2 built on ETH. We now have fiat on and off ramps up and working as well.
There's a history of loopring guys talking about transforming / changing the financial system, so I'm not "insisting" on anything, I'm telling you what I think is coming based on the last year of looking at this.
I haven't explored anything else because I haven't seen evidence of anything else about to drop. Where as GameStop has sniped top talent from a host of other MUCH bigger players under and these people are all NDAs. If you were in line to be the next CEO of Amazon or Google itt would take something pretty damn big to get you to leave and go work for a failing brick and mortar. The signs point to this and in Oct according to Gamestops own filing they can move their stocks to another system since the DTCC failed to distribute their stock dividend.
If you see something else that looks like it's ready to drop by the years end I'm all ears. But the timing of this makes it look like Red stOcktober was the intent and I see no other puzzle piece that fits even remotely as well as this.
I'm not a boomer but you clearly don't understand history. All the govt has to do is say something like "turn in all your tokens or nfts" just like they made it illegal for Americans to own or trade gold anywhere in the world except for a bit of jewelry. If you want to argue that would be unconstitutional... 1st off - so? Almost everything the govt does is unconstitutional. 2nd - Congress could make legislation requiring everything to be turned in, pay you what their law says is fair value, and skirt around the constitution fairly easily.
For digital movies and music - MPAA and RIAA will kill that quickly. Same for anything else that has a copyright. When you buy an nft, unless the copyright is legally transferred to you and noted on the blockchain all you own is a picture (or you might say a duplication) of whatever art/image you think you bought. If you think you really own it, try to make posters, t-shirts, or copies and sell them. The nft will be burned, you will lose in court (that pesky blockchain that has someone else as the copyright holder), and that will be it, although you will probably go to jail as well. If you really think you will be able to buy a song or an album with an nft and actually own it so you can sell it or copy it or whatever you are kidding yourself. You don't own that, you bought a license just like you do now.
Also remember the US govt is treating crypto as property and not money so they can tax you (and forcing exchanges to report to the IRS).
Finally, if the SHTF and the grid is out long-term or is actually destroyed you will never get that back. Even if we get the grid fixed if it takes too long there may not be enough computers with good copies left to reconstitute. If there is, currency could have been devalued. If it was stored online in a wallet somewhere you will likely never see it again.
The govt has, can, and will always find ways to skirt the law and confiscate whatever they want. If they can't take it for themselves they will just make it obsolete, or even illegal to possess. Look at the police all across the USA. They confiscate cash and valuables with no warrant, you are forced to prove why you had that, and even if you do you won't likely get it back because the police have either spent or sold what they stole. Same with machine guns. You never really own them. You can legally buy them in most states as long as you do the paperwork and pay the tax stamp. You might even get to keep them until you die. But - if your heir(s) can't possess, weren't put into a special trust, or the govt decides to outlaw them again they will just take them. It won't even be the first time they did this.
Look - I like crypto but would never trust it fully. I've used it for at least 10 years, and I understand its limits. NFTs - never. Even as a house title (I read your post). They may be fine for contracts and such short term, but for anything you need for a long time or especially a lifetime it would be foolish to rely on that. Even paper docs are forged and stolen regularly, but at least with those they can be safe if protected and locked away where someone can't get them. You don't get that with crypto/nfts. Ask anyone who forgot their password or recovery keys, or anyone that had their BTC in a hardware wallet and something happened to the drive and their recovery didn't work.
Government isn't gonna say turn in your NFTs. You're making up a "what if" scenario that could apply to ANYTHING including your testicles.
You're showing you clearly don't understand the tech OR that musicians are already making and selling their own COPYRIGHTED songs, albums and event tickets as NFTs. Issuing a digital item as an NFT doesn't violate copyright, it helps enforce it. You do recall CDs & DVSs right? You can legally sell them and transfer ownership without violating any laws. Same with NFTs.
Category error. Do better. Just because you buy a bands CD, didn't give you the rights to use it in other ways.
LOL What? When you buy a CD you don't own a copyright, you own a item that is protected by the original copyright. i.e. from duplication by YOU, not the publisher / creator.
See the used CD / DVD market for a complete refutation of this stupid argument.
Oh cool a doomsday scenario! Can we include zombies? I LOVE zombies!
It's devalued everyday but why are you talking about currency? this is about NFTs, not cryptocurrency.
How is that imaginary worst case scenario any different than the current state of assets today? Read Q posts. Read your Bible. Things get better. God wins. This tech = LESS government and more power to the people which certainly is a step in the right direction.
You answered your own objection with the standard you asserted was safe as just one solution.... put your password or recovery keys in a safe. You said that's what you consider sufficient so case closed! Or there's a host of other options currently and will be even more as the tech takes off. Their will be entire companies that specialize in this and new tech that will make it unnecessary. As far as a home title you aren't thinking about it in the right terms. It's not comparable to BTC being lost or stolen. Another category error. Here's 10 sec of me thinking of how that would look.... You register with the city / state / agency as the homeowner with your NFT title during / after the sale. That can't be unlocked without your express digital (and even other layers of) consent. It also has the chain of ownership, the realtors involved in each transaction, and more. Do you think realtors are gonna go on the record committing fraud, catch charges, and lose their license? No.
If you think of the problem try to think of a solution as well. You're only looking for roadblocks, not imaging not needing a road and flying over them. A Steve Jobs you are not.
Remember this in 20 years when you are bitching about losing stuff you overpaid for. I'm not going to even attempt to convince you because you have an entirely closed mind when it comes to stuff like this. You've shown you think it is the best thing since sliced bread. Well, what makes you think any government will honor a blockchain title if the government doesn't own the blockchain?
And for the record you are right. A Steve Jobs I am absolutely not. Nor a Bill Gates. I can't stand either of them. I don't run their stuff. Macs were made for people who can't understand the underlying OS. Windows was stolen. I have run Linux since 1992. Oh yeah, but I don't know tech.
Like what exactly? What am I suggesting a person pay for that would lose it's value? Oh yeah, the current digital ownership ecosystem like Apple, Google, Steam, Amazon does EXACTLY that. You seem to be under the impression I'm pushing people to buy NFT art which I expressly said I was NOT. I'm excited about the OTHER applications for the tech, mainly tokenizing securities / stocks so we can end the current corrupt wall street / market maker / system.
Says the person that didn't put together a couple of large and original pages of thoughts on the subject trying to imagine some of the real world use cases beyond whats been proposed like I did. Just because I disagree with your assertions doesn't make me close minded, it makes me a person that doesn't think highly of your grasp of market disruptions, paradigm shifts, and the implications thereof.
Yeah I think a solution that solves the problem of digital ownership in an increasingly digital age is not only a huge step towards giving individuals and small companies the ability to transact and compete at a global scale without the costs and infrastructure, but also I'm excited to be able to have the ability to share media legally with friends / fam or sell digital purchases that I'm done using and sliced bread is cool and all but have you ever tried stuffed crust pizza? Just FYI, it loses it's value when you bite it.
Forget the tech, you're so retarded autistic you made a straw-man fallacy from a clear example of a person famous for innovating and introducing products / solutions that changed industries.... namely the introduction of the iPod / iTunes changed the landscape of every retail store that sold music in a few short years. Then your bring up Bill Gates/// lol/ This wasn't about OS's you myopic zit farmer.
I can't keep talking to you. It's like banging my head on a wall that is playing Madonna techno remixes in mono. You belong in a basement surrounded my computers, not interacting with other people. Blocking you is the most productive way to prevent headaches.
polysign
Setting a reminder comment I can find later to get my $100