It's on CBDC's around the corner in the US:
https://www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html
How this all could play out?
Create the problem - destroy banks.
Deliver the solution - CBDCs.
"Your deposits are only save with CBDCs operated by us (fed)"
People will fall for that but I hope BTC can save as many as possible...
GM everyone!
I was thinking about this formula a lot which describes when change happens:
C = D x V x F > R
C = change
D = dissatisfaction
V = vision
F = first steps
R = resistance
If the the product of D, V, F is bigger than R -- change happens.
How will people change with the current potential financial crisis? Will D big enough? Do they see BTC (V) as a beneficial solution?
Interesting times!
No... Do thing USDC will not collapse with wallstreet involved in circle but for just around 10% potential reward is not worth the risk.
USDC looks like CBDC. The recent black swan event could be used to "save" the peg by the FED or Wallstreet.
USDC can act like a bank already:
"In other words, they can kick out anyone from the system, rendering his funds useless. And they can stop entire USDC token from moving anything."
Black swan event - check :-)
I not too sure about that. I find the idea quite compelling to use USDC which has already expose within the market. Wallstreet is invested - FED could enter as well or even take over in order to save USDCs peg to the dollar in a black swan event. USDC has got a good brand name which CDBCs is severely lacking of....
Just thinking of different scenarios. :-)
Let's see how this all play out
I would not wonder if $USDC stable coin is meant to be a kind of CBDC injected like a tojan horse. Wallstreet (e.g. Black Rock) is invested in Circle (issuer)...
Very dangerous situation: https://twitter.com/TheRedactedInc/status/1631217784611917827?s=20
GM everyone!
Skip the news and listen to the classic 1984 - one of the most important piece of literature right now: https://m.youtube.com/watch?v=7Sk6lTLSZcA
GM everyone!
Skip the news listen to the all time classic and so important piece of literature:
If my DIY gigabit VPN guide is too expensive and complicated for your tastes https://blog.lopp.net/how-to-protect-your-home-network-with-a-gigabit-vpn/
Then check out this new $100 router that should be able to achieve 500 Mbps: https://www.gl-inet.com/products/gl-ax1800/
Can also recommend Belkin RT3200 with openwrt. Wifi6 and super fast. Got it below 100 ...
Best hack: using graphene os withing multiple profiles possible so you can use a separate clean profile for this case
It's so funny. You pay for the product without having full control over your product. :-)
Next use case with lots of potential! So exciting!
Love Linux but there is nothing working on it. If you just want to surf and send mails it might be enough. Waydroid is still alpha in order to get android apps on it.