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1. Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 00:36:56 JST Kenny Blankenship

   • Chineseman 🟥 #nobot
   Zog’s finances are so shit that it may turn to a dollar-backed stable coin to buy time
   
   @IAMAL_PHARIUS
   • dictatordave (dictatordave@poa.st)'s status on Wednesday, 10-Jul-2024 00:44:44 JST dictatordave

     in reply to

     • Chineseman 🟥 #nobot
     @DW2 @IAMAL_PHARIUS i'm sure the public will buy the 'solution' to a problem created by the same people who are offering the 'solution'
   • Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 00:44:44 JST Kenny Blankenship

     in reply to

     • Chineseman 🟥 #nobot
     • dictatordave
     @dictatordave @IAMAL_PHARIUS I mean, I’m not an economist (like they’re worth a shit these days) but do they really expect to replace Chinese and Saudi treasury purchases with Nigerians buying Stablecoins?
   • BroDrillard (brodrillard@nicecrew.digital)'s status on Wednesday, 10-Jul-2024 00:49:18 JST BroDrillard

     in reply to

     • Chineseman 🟥 #nobot
     • dictatordave
     >economist
     
     Here is a good one. I watch his vids almost every day:
     https://www.youtube.com/@Profstonge
   • Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 00:49:35 JST Kenny Blankenship

     in reply to

     • Chineseman 🟥 #nobot
     • BroDrillard
     • dictatordave
     @BroDrillard @IAMAL_PHARIUS @dictatordave I’m a subscriber too, he’s legit
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Wednesday, 10-Jul-2024 03:22:59 JST Chineseman 🟥 #nobot

     in reply to
     @DW2 USDT wallet regulations incoming sept: real id to register wallet
   • Trevor Goodchild:verified::pondering_orb: (trevorgoodchild@poa.st)'s status on Wednesday, 10-Jul-2024 03:34:45 JST Trevor Goodchild:verified::pondering_orb:

     in reply to

     • Chineseman 🟥 #nobot
     @IAMAL_PHARIUS @DW2 Ah, CBDC in a roundabout way. Clever little bastards.
   • Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 03:34:45 JST Kenny Blankenship

     in reply to

     • Chineseman 🟥 #nobot
     • Trevor Goodchild:verified::pondering_orb:
     @TrevorGoodchild @IAMAL_PHARIUS I see the scheme now
     
     “You wanna use crypto goy? Well we’ll need all your personal info in a federal database (aka real ID). Then you’ll have to link your ID to your wallet, which will be under the custody of Mortie over at Goldman Sachs.
     
     Then eventually we’ll regulate it so you get paid directly into this wallet we control and oversee. So spend wisely, ok goy?” :borntoshill:
   • Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 03:37:12 JST Kenny Blankenship

     in reply to

     • Chineseman 🟥 #nobot
     • Trevor Goodchild:verified::pondering_orb:
     @TrevorGoodchild @IAMAL_PHARIUS as an aside I remember Whitney Webb writing about how a CBDC wouldn’t be something you get from straight from the Fed, but instead would be a token managed by a big commercial bank as part of a “public-private partnership“
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Wednesday, 10-Jul-2024 03:55:15 JST Chineseman 🟥 #nobot

     in reply to

     • Trevor Goodchild:verified::pondering_orb:
     @DW2 @TrevorGoodchild usdt is basically the must have for anyone wanting to swap cash fiat and crypto. its like a hub token. if they regulate it. people with alot to move will no longer be able to.
     
     under this say if you are a crypto guy and manages to get in on a new token offering first, and somehow it appreciates to something that matters, you now have a untraceable stack of wealth you can trade token for cash only once.
     Kenny Blankenship likes this.
   • Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 04:00:15 JST Kenny Blankenship

     in reply to

     • Chineseman 🟥 #nobot
     • Trevor Goodchild:verified::pondering_orb:
     @IAMAL_PHARIUS @TrevorGoodchild Can’t you just swap one crypto for another, say Bitcoin for Solana? Or do you usually need USDT as an intermediary?
     
     Likewise, when people sell crypto don’t they often just sell it directly for cash?
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Wednesday, 10-Jul-2024 04:29:12 JST Chineseman 🟥 #nobot

     in reply to

     • Trevor Goodchild:verified::pondering_orb:
     @DW2 @TrevorGoodchild sure you could. but the magic is at where they turn the crypto into something people can use to buy general goods (fiat). so for something like CBDC or a stablecoin like USDT they really really want to control how you turn it into fiat.
     
     the major reason they want to regulate is to control wealth transfer and taxation. hence by binance get stuffed with false charges of money laundering for terrorists. you cant buy a house, stocks or car with crypto because the goverment dont know how much to tax you in fiat for it.(they dont care its tethered to fiat USD, they only want fiat) but USDT in a cold wallet is extremely mobile. even better than btc.
     
     Because BTC to USD is too extreme, people swapping that will have to sit opposite the guy they want to swap with and lock in at the same agreed moment, THE BANKS have to agree to 2 randoms transfering 100k USD one way, the recieving bank have to take the risk that the sending bank dont report the transfer as fraud 5 months down the road.
     
     say if you want to transfer 20 million dollars to outside the country, you obviously cant carry cash, both customs will block you. but if you exchange it for USDT and use that security token to swap to USD or euro when you land, plenty of people want to swap with you. this is a major problem for swift.
     
     if crypto is a standalone thing that cannot be swapped to fiat its not a threat(nfts lmao), its a threat if people start moving pools of fiat around for a stablecoin that is not regulated by the banks
     Kenny Blankenship likes this.
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Wednesday, 10-Jul-2024 04:31:54 JST Chineseman 🟥 #nobot

     in reply to

     • Chineseman 🟥 #nobot
     • Trevor Goodchild:verified::pondering_orb:
     @DW2 @TrevorGoodchild bonus round.
     
     US fed cutting of the circulation of USD M3 worldwide is now fucking them in the throat. they can block swift transfers but they arent gonna stop Joe from shoving a thumbdrive up his ass.
     Kenny Blankenship likes this.
   • Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 10-Jul-2024 04:32:36 JST Kenny Blankenship

     in reply to

     • Chineseman 🟥 #nobot
     • Trevor Goodchild:verified::pondering_orb:
     @IAMAL_PHARIUS @TrevorGoodchild Goddam that was helpful, thank you Chinese Man 👍
   • Orkin_Awk (orkin_awk@poa.st)'s status on Wednesday, 10-Jul-2024 05:33:11 JST Orkin_Awk

     in reply to

     • Chineseman 🟥 #nobot
     • RW Fren Squads
     @catmanmancat @IAMAL_PHARIUS @DW2 Can BRICS provide an alternative?
     Kenny Blankenship repeated this.
   • RW Fren Squads (catmanmancat@poa.st)'s status on Wednesday, 10-Jul-2024 05:33:11 JST RW Fren Squads

     in reply to

     • Chineseman 🟥 #nobot
     • Orkin_Awk
     @Orkin_Awk @IAMAL_PHARIUS @DW2 Crypto can be created and deployed anywhere in the world. It's the belief that it's either valuable (BTC, ETH) or stable (USDT, USDC, etc) that keeps it afloat.
     
     The problem is when something gets a bit "too free" like mixing services, monero, etc ZOG & the feds want to go after it. They have helped to seize crypto "mixers" (a very good thing) and even BTC wallets that enabled better privacy in transactions. (Samurai wallet)
     
     So the answer is yes, and no. If BRICS came together to form a new currency (like the euro for example) and somebody issued a stablecoin for that currency a lot of crypto people might jump to it if the current main forms of money moving (USDT, USDC, BTC, ETH, etc) get regulated to death with zero privacy which was the point of crypto to begin with. Anonymous transactions where code was law & nobody could tell you NO to sending or receiving funds. Now that's changing. Everything is getting outlawed or regulated to death in the West because there's been too much outflow from banks and too much inflow to cryptocurrency. Banks hate not knowing whom has what and what they're doing with it. It genuinely poses a threat to the system therefore the system must absorb it so they can continue to leech off of it. You didn't really think they'd let us start our own banking system for reals did you? The golden age of crypto is over. You can't get rich nearly as easily as the great bullrun of 2019-2021 where obscure farms on ETH were paying 500% APY in shitcoin pools. 😩
   • RW Fren Squads (catmanmancat@poa.st)'s status on Wednesday, 10-Jul-2024 05:33:12 JST RW Fren Squads

     in reply to

     • Chineseman 🟥 #nobot
     @IAMAL_PHARIUS @DW2 It's Tethers only way to beat the fraud allegations. Get regulated and propped up by the big banks. Though I guess that was always their end goal.
   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Wednesday, 10-Jul-2024 08:11:19 JST Woggy's Zeonic Frolicks

     in reply to

     • Chineseman 🟥 #nobot

     @DW2 @IAMAL_PHARIUS I've been saying all along that part of the reason they were so eager to advertise the crypto bull run in 2021 was to get the idea of coins in the mind of big normie.

     They've cemented them in grandma's minds as something real, kind of valuable, and useful. That's the first step on the road to rolling out their digital dollar.

   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Wednesday, 10-Jul-2024 08:13:46 JST Woggy's Zeonic Frolicks

     in reply to

     • Chineseman 🟥 #nobot
     @DW2 @IAMAL_PHARIUS > Digital dollar released
     > Government has unprecedented control, insight into economy
     > Stimulus money can expire
     > "hoarding is impossible"
     > "join our FedFriends™ program at the Corporate Gold Tier in order to get insights into how YOUR customers spend money!"
     > You buy taco bell, and the gov sells the information to Pepsico that their most recent commercial campaign is effective because it took a whole 4 hours off your 'exposure-to-purchase time'
     
     Oh yeah and they can seize money when it's held by "extremists"
   • Spurg (spurganon@varishangout.net)'s status on Wednesday, 10-Jul-2024 08:18:45 JST Spurg

     in reply to

     • Chineseman 🟥 #nobot
     • Woggy's Zeonic Frolicks
     @WashedOutGundamPilot @DW2 @IAMAL_PHARIUS likely will because they're planning on crashing this plane and killing anyone who doesn't agree. Digikikecoin gives them the power they'd need to push this, but all it means is people would start a barter system and use an alternative physical.
     Woggy's Zeonic Frolicks likes this.
   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Wednesday, 10-Jul-2024 08:21:07 JST Woggy's Zeonic Frolicks

     in reply to

     • Chineseman 🟥 #nobot
     • Spurg

     @SpurgAnon @DW2 @IAMAL_PHARIUS I can basically guarantee nobody in normie world is bartering. It's going to be a hard thing to get going again, because how you you barter services in a society with zero trust? Communities are too miscible to establish track records, nobody has to care about their "good name"

     I've had a hard time "bartering" with cash in the last few years, too. That should be super easy, but even the fringe folk just gave me a shrug