Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evolving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Rules For the rest of the Site also accessible on the sidebar.
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Good grief. Did it completely pass you by that there was a reason there were 3 Acts ? The third Act specifically prohibits creation of a Central Bank Digital Currency.
In addition to that, they also introduced the feature that the digital currency will be anonymous, just like cash.
If you think we can have a future with asset backed currency that is not going to be digital, you are smoking something else.
Centralized Digital Currency backed by nothing - bad.
Decentralized Digital Currency backed by Assets - good.
The acts provides all the railings to ensure the digital currency does not become a weapon.
This IS the GOD's line of credit. This will be interest free, thats why they designed this to be a stable coin - but a real one thats backed by US assets, not the current day unregulated fake stablecoins backed by nothing.
This is what GENIUS Act does my fren. And every person in the world can fund US government by purchasing these stable coins at PAR VALUE (which means NO INTEREST)
Did you listen to the attached Video? It says they will scrap some of the promises in the genius bill. This is why I said if THEY do the bait and switch.
Oh my GOD!! Did they say it? Then it must be true !!!!!
PANIC MORE!!!!
It better to be cautious and find workaround solutions than sarcastic, my Fren.
I will think about solutions when i see real problems, not the ones fake prophets try to distract me with
We are at the beginning of a new Dawn my Fren. The Sky is the limit on New Ideas. Unless you control the purse strings of success, I'd be more open-minded to Ideas.