U.S. Treasury Department says that DeFi and decentralized crypto markets threaten national security
(twitter.com)
-STRAIGHT UP PANIC MODE-
Comments (107)
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Translation from Cabalese:
"National Security" = Security of the Cabal.
"Their Democrazy" ;)
Our democracy is in threat. Is a very correct statement. They are running a democracy we are running a Republic.
Yep exactly!
Wrong. Its security of a nation. We need control of our own currency. Not digital crypto.
make no mistake
crypto is literally just the barter system to the government.
Whether you're trading goods and services for a horse or some crypto, the exchange occurred outside the purview of the government
THAT is the problem that they think all exchanges between private individuals is a threat to national security.
None of this has anything to do with crypto and has everything to do with the government's desire to monitor and control every aspect of every citizens life.
Totally. You said it perfectly
Article I, Section 8, Clause 5 of the constitution makes me believe that cryptocurrency is an unconstitutional form of currency. We should be able to use it but, it should never be a federally issued form of currency.
Wait? Isn't BTC entirely traceable? Lmao
Physically backed notes by metals is the only anonymous payment system
First of all, my point isn't anonymity
The government's assertion here comes down to exchanging goods and services using literally anything other than fiat (eggs, horses, copper, or even crypto) is a threat to national security.
The barter system threatens them because it means we don't need the government to allow us to spend their paper. It also means they can't stop us from exchanging if we barter with other goods or services.
TO address you're divergent point- any sufficient coin tumbler will provide you enough plausible deniability that if they get caught doing illegal shit, it won't be tracing the coins that did it.
when every bill and coin has a serial number on it, those aren't anonymous either, but anonymity wasn't the point.
Fyi. Your "tumbler" are actually called mixers.
Just a heads up. Those mixers are already going down and they are just charging everyone with computer fraud act. Then money laundering etc.
You know what I find weird? You all still set a fiat monetary value on Cryptos LMAO
weird how you keep getting distracted by crypto jargon. Almost like its on purpose.
Whatever, wish you the best.
So I im right? And you understand now?
The shilling will never end lol. Now they are punting dog whistle headlines like this to validate their reason to shill it. In agreement with you, idc if people "invest" in crypto, it will never be a national currency. It's just another argument to divide us that is completely outside of the goal of our movement. That's why its so effective.
It's almost like all of them didn't give away enough of their money in the last 5 months.
It's okay, I could easily tell it was the day crowd. A lot of knobs who know nothing about anything.
Crypto goooododododod heeewwwww
Lmao they are so dumb.
There's a boomer gloat thread going too, they will stop posting after 8pm. Nothing against boomers personally but it's another well poisoning thread
Recent posts will satisfy your faggot needs.
He says while starting an argument on a post about the goobermint trying to justify banning people from investing or otherwise using crypto.
Let people choose.
Haven't you seen enough of the"public" choosing for the last 3 years? How's those boosters and public opinion panning out?
In contrast, it IS the "security". What was FTX dealing in? Pesos?
Are we swiping at the Treasury Dept now that DJTs plan was to restore the regulation of the currency to the Treasury rather than the Federal Reserve? Are we getting amnesia? Did we forget what Steve Mnuchin's purpose was?
Y'all better delet this
While I agree with you to some extent, I don't think you appreciate how much manipulation there is in the metals department.
Given what's available in the public sphere v. how many people would want it (supply/demand), a single ounce of silver should realistically have around a $1000 of buying power once all non-asset backed monetary systems fail. You should be able to buy your weekly groceries with a silver quarter. You don't need to carry around bucketloads of coin to buy things. You should be able to buy a house with about 40 oz. of gold. That's a house; usually the biggest purchase a person makes in a lifetime. For a couple pounds of gold which a person could fit into their purse with room to spare for their Chihuahua.
I'm not really commenting on the potential pitfalls, I don't disagree with you, but the scope of how much money you would realistically need doesn't seem to be appreciated. Just a couple decades ago people would carry around hundreds of dollars of cash all the time. This is no different. There is no reason to suspect there would be any more theft than there was then.
Of all the adaptations that are coming, I think this is going to be one of the least impactful. Most people alive remember carrying around cash. It's not much of a stretch.
I really don't think the transition will be as smooth as you suggest. All the "only at the precipice" stuff, and "[SCARE] NECESSARY EVENT" stuff doesn't sound like a "once Trump is back in office" type of transition into the future. You can't teach the necessity of a decentralized government by teaching people to rely on a centralized authority and "savior" to fix everything.
While the technology has a lot of potential (as asset backed NFTs), a non-asset backed crypto can't survive in a world with asset backed currency. There is simply no reason to use it if there is a real asset available for transactions. Who wants to put their real assets into unicorn farts?
"Fiat currency" means the government has demanded (the definition of "fiat") that it be used as payment for taxes. You can't get people to use an intermediary of exchange for barter that has no intrinsic value unless you force them. If a Centralized Authority tries to force me to use another fiat currency this war becomes a hot one, because that would mean that the same people have control that have been perpetuating that fraud for a thousand years or so.
And pay off your mortgage easy peasy
But I think cabal members could own giant pile of gold by now. It doesn't make any sense to let prices rise high for PM. I think PM prices are going to fall but prices for physical is different story.
I am not suggesting that PMs can be the total answer for the exact reason you stated. They own all the gold. I was talking about the economics of it, the supply/demand and historic purchasing value. PM stock value is meaningless. The only thing that matters is what we would use if the SHTF, which would inevitably be PMs or other physical assets.
I could be wrong, but I thought I read that when they launch the CBDC in the USA they are first launching it with banks to get them sending money back and forth with that instead of their normal process. Then once the banks are used to it (and probably figured out a bunch of issues that need addressed) they will start to introduce it to the public (like the frog in a pot of water). I don't think it is just going to happen overnight.
I'm hoping enough banks balk at it that they are able to kill it off - but I doubt it.
I also speculate that the govt isn't going to do anything to crypto until the CBDC has been in circulation for a while and the normies and vaxxed (or what is left of them by then) have completely adopted it like everything else. Once that happens I expect to see a massive confiscation like when gold was taken from everyone.
They will force the exchanges to sign it over to them once it is made illegal, and the govt will then sell the confiscated crypto on the international market like they do when they take out a dark web site. Some people will skirt the confiscation thanks to cold storage or hardware wallets, but I'd bet a paycheck that the govt can still track them down with NSA records from when people bought or sold. Unless you are selling or buying face-to-face it will be hard to avoid that.
I agree. I would add that the speculated bankers cabal's plan is this: 1. Shut down crypto ---> 2. Launch CBDC ---> 3. Using CBDC to control How, When, and Where you live your private life.
For those not familiar with the Evil CBDC, if you do not want to get fooled into the Evil CBDC, I suggest that you watch this 10 seconds meme and have a good laugh and remember it at https://media.greatawakening.win/post/WyxwwNwvKhc4.jpeg
My related post at https://greatawakening.win/p/16amYkkT6S/meme-wakeup-call-cbcd-/c/
Spot on Fren!!!!!!
Decentralized Cryptos threatens the "security" of three broad groups of people.
Those who bet their money, understanding fully well they might lose it, on these cryptos. This is NOT national security. Whatever gets wiped out should be allowed to be wiped out
Those who bet other people's money on these cryptos knowing fully well it might get wiped out. Bring back Glass-Steagel act, and put a barrier between savings and investment and we are good.
The security of the Banksters who weaponize currency to control the population. Their security is NOT "national security" and these are the ones who are probably screaming about this.
And yes, there are elements of Cabal embedded in every department, and these kind of screams are how Trump and his folks can identify those cells.
Hmmm. So now it's DECENTRALIZED crypto.
Used ta be just crypto. Wherever did that (((terminology))) come from ? .... fk your word games ....
They want a crypto they can control
It didn't come from the people you hate, that is for sure.
And guess what Gamestop have been developing these last two years?
A decentralized marketplace and exchange.
Insert Loopring.
https://patents.google.com/patent/US10354236B1/en
really? How so?
Loopring and Gamestop are partners. Loopring (ETH Level 2) is the underlying infrastructure / exchange.
What has loopring been saying ? "Be your own bank" When you open their wallet, what does it say? "Freedom at your fingertips"
This is how you can have your crypto off a centralized exchange. Trade, buy, invest, etc. all without risk of losing your shit when some asshole steals it all / goes bankrupt / gets hacked.
And there it is, right on schedule.
Wait, what? Nah you got the wrong idea. From a US government national security standpoint it could be true. I'm not sitting here advocating for it so I don't understand the comment.
I meant that they are trying to push digital currency so they write this crap.
Good. I want "national security" threatened so much it goes away.
Any competition to our global tyranny is a threat to national security.
I agree. The Multipolar World is part of the solution. Simply because a Multipolar World facilitate both DECENTRALIZATION & competition.
In comparison, an Evil New World Order would increase CENTRALIZATION and reduces competition. Which are both BAD for you, the working citizens.
Centralization is part of the problem. NOT the solution. I believe that the solution is DECENTRALIZATION. Including DECENTRALIZED crypto.
Examples of really DECENTRALIZED digital currencies (cryptos):
• Monero at https://www.getmonero.org
• Bitcoin at https://bitcoin.org
• Bitcoin Cash at https://bitcoincash.org
I reject the BAD 🔗 CBCD (Central Bank Digital Currency). Embrace the GOOD 🗽 alternatives to CBDC.
Details at https://greatawakening.win/p/16amYjeHND/reject-the-bad--cbcd-central-ban/
Funny memes in my blog at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905
In God we trust, not manmade computers.
Is hunter getting Chinese payments in crypto?
Pretty sure they're paying Hunter in diamonds
man made/synthetic diamonds, cheap and very convincing, made in China.
🤣😂🤣
Yes, along with FTX enabling it, one of the most effective counter ops by the DS against us to date.
I believe they called it CLypto.
It's probably true. Is that a bad thing, well that's up to you to decide.
Better buy up as much Bitcoin as you can
The U.S. Treasury Department can suck my dick.
Damn - the first thing I saw in my mind when I read what you wrote was Janet Yellen. That's gonna leave a mark.
You REALLY didn't need to share that with me. LOL
They are trying hard to confuse people into submission
Indeed, but not maybe in the way you think
Like FTX was aiding and abetting?
https://files.catbox.moe/xmf42f.jpg
If they were REALLY concerned about national security, they would take care of the southern border.
national security = NWO
That is because they cannot control that currency!
Summary here:
https://old.reddit.com/r/Superstonk/comments/12dpsqe/treasury_alert_treasury_releases_2023_defi/
The Biden family threaten national security
Don’t be so quick to jump on the negative aspects. We know that Bitcoin was created by the CCP. What other Cryptos did they create? We know that the crypto market is a true fiat currency and we know that Trump said he doesn’t like Crypto. Read the tea leaves. We also know that the Fed is buying all the debt. Where are the assets linked to the debt going. I believe they are being tucked up under the US Treasury.
Crypto has a place in the world but it must be asset backed.
What do you all think of gold backs. There are a few states that now have it. New Hampshire for one and I think Utah. Easy to carry. Small denominations. From what I've read, they are legal currency in NH or could be used for barter. I am thinking of getting some along with some gold and silver coins. I don't have any crypto just because I don't understand it.
Texas legislature just introduced a bill to have a state issued digital currency back by gold today
Because of course they do
That's ok, all the more reason to pass the tiktok bill!
Yet they don't discourage investment in crypto like they do in gold and silver (via massive price suppression to keep people uninterested).
The reason they don't want decentralized crypto markets to pop up is because it is the equivalent of a trade market that is unregulated. It is the same thing as a fruit market that pops up on the side of the street except it is dealing in crypto. The way to think about it is in the way of trading metals or literally anything else that can be traded and/or used as a utility of trade. They can't control it unless they cut electricity off. They (the Treasury Department) want control. I agree that a nation needs to have control over ITS OWN currency. The problem is when you start to say you can't trade other things including crypto it impedes on your liberty to trade. I think many people don't want crypto and think it is dangerous because they don't understand it. It really should be thought of not as the currency of a nation or the world but more like a stock or (Forex) currency that is traded in an unregulated fashion.... But I am a libertarian and want freedom to trade anything I want... so i digress.
Crypto is the ultimate in funny money, so I am willing to agree that it is a risk to national security. It has a limited lifespan (electrical resources needed for mining) and that will run out sooner, rather than later. It will all literally go "lights out." The most perishable of all possible currencies (excepting maybe paper money printed on flash paper).
Do I agree with the Fed? Not at all. But thinking that something is good because the Fed opposes it is faulty logic.
No problem going on a gold standard. Just stop printing Federal Reserve Notes. Allow them to go out of circulation from wear and tear. Provide gold specie or certificates available to the public as a separate currency. They can buy them with FRNs at some exchange rate, or buy gold with FRNs and exchange the bulk gold for coin or certificates. (The smart move would be to set the FRN exchange rate higher than the market price of gold, in order to move the market toward gold.) Let the market effect the change. Eventually FRNs will be defunct and gold will prevail. Prices may be different in gold than in FRNs, but foreign markets do that all the time with Euros vs. Dollars (or with Pounds, or Franks, or Kwacha).
No shit!
If anyone believes crypto is good for the United States of America as a nation is beyond help able
How specifically is crypto bad for the United States?
It's a global currency. How is it good???
Wealth redistribution at its finest.
Subset of the same reasons the gold standard was good?
How is gold controlled?
It's not really at all, just synthetically due to Federal reserve notes, who remembers a democrat outlawing gold ownership?
(Federal lands) It's dug out of the ground.
Why do you think most of the west is owned by the feds? It's not oil. It's gold and silver.
Crypto like Bitcoin is not controlled by anyone just like gold. Crypto like Ethereum is controlled by some company. I might agree you if you meant Ethereum
Bull shit. I purchased my first coin for less than $5 usd.
5-6 years ago all big banks were condemning BTC. Then within weeks bought hundreds of millions. 18 months later, they announce it. Now how many fraudulent exchanges etc???????
YOU STILL THINK ITS NOT CONTROLLED?
So what? I bet you aren't still holding onto the ones you bought then. Nevertheless, neither of your points have anything to do with what I wrote.
Keep telling yourself that.
BTC has been susceptible to a 51% hack since day 1.
Any commodity/security/crypto can be manipulated if you own enough. If you don't understand that. You should stop "investing"
GME is a prime example. Only illegal activity is keeping it from exploding.
You obviously missed the point inspoken made. Either that, or you don't understand what Bitcoin is. BTC is a PoW coin. In order to control Bitcoin, you have to control a COMPLETELY ORTHOGONAL asset from BTC itself. You must control mining (i.e energy). Anyone sufficiently wealthy could in theory own 51% of all outstanding BTC, but they still have exactly ZERO ability to control it. If you want to control it, you must instead exert influence over 51% of the mining ability. How much BTC any organization owns is totally irrelevant.
And Bitcoin mining is something that a concerted group of patriots can always resolve. It is infinite in size. There is a never a limit on how much you can add or who can add it. If a 51% attack ever became realistically possible, the entire Bitcoin community would come together to add additional mining capacity and thwart it. It will quite simply never happen.
This is why only Proof Of Work coins like Bitcoin are truly decentralized and the only ones that deserve to be called crypto. Others, like Ethereum that now rely on Proof Of Stake, allow anyone owning enough of the currency to also control the currency. They are hardly better than CBDCs. Don't even get me started on Ripple. Which uses a permission blockchain and is the prototype for all CBDCs.
Wealth redistribution, by definition, is the forceful taking of property of he who has honestly acquired it and giving it to he who has not, while keeping a big cut for the tyrants who committed the crime.
A currency, in and of itself, is not wealth distribution. It is simply a means of exchange.
Only when someone steps in with a gun and takes it from he who honestly owns it, does it become wealth redistribution.
But that is the action of the forcible taking, and not the currency itself, that is the distribution (which is a verb, not a noun).
Lmao okay. And what nations have the largest GDPs in the world.
Then look at their stance on crypto LMAO
WE ARE BEING STOLEN FROM
Sorry. Not stolen. You idiots are giving your money away. I cashed out 2 years ago
Gold at one point was a world currency. Is Gold bad?
Who regulated the price of gold? Lmao
You are proving the point.
Ok, please explain to us this.
Why specifically should we care?
Dems2Felony stated that crypto is bad for the US and anyone that doesn't think so needs help.
If crypto is so bad for the United States, he should be able to easily explain why.
I agree. Waiting for the explanation.
Already did. Wealth redistribution.
We are a sovereign nation.
Sovereign nations control their currency for national security.
All crypto is a global digital currency.
Decentralized crypto, outside the control of any government (or private central bank), is a GOOD thing.
It allows privacy from government, which is the primary invader of privacy and trampler of human rights.
Centralized crypto is a terrible idea.
Kek, anything digital uses some sort of IP protocol to communicate between transactions, which means it can be monitored. You are daft. Though at least not as bad as others and I'll give you that in earnest
Lmao you’re a fucking idiot
Lmao how many civilizations have fallen due to their currency being devalued?
How many prominent civilizations existed with a global currency. NONE