"when do we launch cbdc? it's ready."
Discussion
🤣🤣🤣🤣
been studying that stuff a while .
they've got 15 years of market trials, data, and so on.
the BIS and the IMF have been playing for a long while, and there was one particular line that struck me, and it was about bitcoin, in the end of one of the helvetia docs.. (not the font)
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• Structural flaws make the crypto universe unsuitable as the basis for a monetary system: it lacks a stable nominal anchor, while limits to its scalability result in fragmentation. Contrary to the decentralisation narrative, crypto often relies on unregulated intermediaries that pose financial risks.
• A system grounded in central bank money offers a sounder basis for innovation, ensuring that services are stable and interoperable, domestically and across borders.
Such a system can sustain a virtuous circle of trust and adaptability through network effects.
• New capabilities such as programmability, composability and tokenisation are not the preserve of crypto, but can instead be built on top of central bank digital currencies (CBDCs), fast payment systems and associated data architectures
of course they're going to want their own game, but how long before they loosen their belts and drop trow attempting to make crypto illegal, and doing so?
I.Y.H.O. ?
Im on the same page why im developing my own closed network with a niche exposure to customers and entities. You establish the trust on the ground, bring the assets in, and have a closed netwotk for them to develop on. They definitely know what they want to do and having to go about it with all these megolithic entities spread across varies industry’s and sectors is what makes it hard for them. They cant get enough of everyone to play ball. It must be hard roping in 300 million people and what over 3000 different companies.
interesting.
all you really have to do is make people starve and they'll do whatever you ask them to, if you offer them food.
but that's a doomsday scenario and we're going to ignore that.
yes, the largest problem with currency period is it does not scale to all needs. it just "is or is not"" have or have not.
many people have tons of skills, for example - but literally hate money. :)
Fuck yeah i know where your going with that. Thats ehat a lot of preppers are preparing for. Shit tbh if it all doesnt work and the electric companys go offline good by anything digital and back to learning a trade and living off the ol acres. I mean tbh we probably got a few shots left before one of the major powers in the workd says you know what fuck the debt we aint paying and send the nukes lol
with any luck, no nukes.
but yeah, its not that i was going there, its just "potentially on the table" always plan ahead by being aware.
i'd love it if computers entirely dissapeared, honestly. the world would be much better off for it.
Well what i meant i guess is technology is only held up by how much we hold it up. Soon as things gets costly and the incentives leave it loses value. How many of us would be sitting on cumpter if we had to go outside to survive, plant food, herd cattle and trade for goods. My grandfather operates a off grid pre colonization community and those fuckers are so down to earth and happy, its amazing how simple life is so appealing still even for a programmer like me. Sometimes i hate how much i have to be on grid to live another day or provide for my being. Crazy.
thats awesome. i'd like to run or contribute to something like that.
Where does he operate this out of and whats it called??
Honestly I tried the rat race and the fast track, and it really wasn't for me.
I was brushing arms with the upper "crust" of society and found it entirely gruelling and unnatural. I've been inside the getty mansion, talking with Gordon, photographing a cancer benefit, i've met the grand daughter of the former highest ranked chinese politician, i've met carlos santana and shook his hand, etc - blah blah blah ..
its all so boring. you have to run over so many people and change your morals so much to live a life like that, for me its never been attractive or worth it.
tell me about your grandpap's place. I'm curious to learn more.
Life is meant to be simple, spiritual and beautiful. Not fast paced, hectic, and lived indoors.
Out in Minnesota, kind of part of the LandBack movement where tribes are buying their reservation land from non tribal members, basically to preserve the culture, preserve the way of life but also offer a alternative to big government and its ever reaching arms. Its very cool in my book, they live in lodges, build the lodges, no electricity, no cellphones, grow all the food for the community, teach everyone how to grow it, preserve it, panting more forrest for wood later on, basically a pre colonization commune where everyone does their part.
thats really beautiful.
my mom and dad actually met in Minnesota, back in high school.
I'm only a small percentage native american, but it's blackfoot/maitee (maiti's), and can't prove it with paperwork. but,
this sounds fantastic. i love lodges, dont mind building things, in fact enjoy it, don't really like electricity, my cellphone is outside and doesn't get used, i have tens of thousands of heirloom seeds i'd love to put in the ground, and love all things wood.
does this place have a name? i dont think they'd be the types to have a website.