Fed's Brainard says crypto needs regulation now before it becomes so big that it threatens financial system
submitted 1 year ago by Drewski from (cnbc.com)
[–]Drewski[S] 6 insightful - 3 fun6 insightful - 2 fun7 insightful - 2 fun7 insightful - 3 fun - 1 year ago (0 children)
Too late bud, cat's out of the bag. If your financial system is so great then a little competition should be fine.
[–]Drewski[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 1 year ago (0 children)
archive.today mirror
[–]Alienhunter 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 1 year ago (2 children)
Regulation of crypto is inevitable. It will kill it's main benefit as a vehicle for money laundering and make it essentially another kind of electronic banking like a credit card with the extra step of converting to some other currency.
There's basically zero benefit from using Crypto beyond speculation and illegal activities. It might see some success in international transactions but I doubt there will be much benefit to it for most.
[–]cm18 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 1 year ago (1 child)
Fuck "its inevitable". Defeatist garbage. Make them pay for regulating. Don't simply give it to them by giving up. Make it politically EXPENSIVE by pointing out how corrupt the existing system is and how they don't "regulate" anything.
[–]Alienhunter 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 1 year ago (0 children)
You may choose to waste your time energy and finances on a hopeless battle if you wish. Every war needs it's pawns to die in the line of battle for their king.
[–]CreditKnifeMan 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 1 year ago (0 children)
Look into Equilibria (XEQ).
It's a little known privacy coin platform that competes directly with Claus Schwab's crypto.
https://www.equilibria.network/
Private, Secure and Scalable With our native token XEQ, smart contracts will be able to privately access real world data and off chain information. This gives businesses, brands, and private companies the ability to confidently connect smart contracts in a completely safe and tamper-proof method.
Private, Secure and Scalable
With our native token XEQ, smart contracts will be able to privately access real world data and off chain information. This gives businesses, brands, and private companies the ability to confidently connect smart contracts in a completely safe and tamper-proof method.
Smart contracts with access to real world off-chains info.
Don't think.. Cough <Bitcoin> Cough <assa> Cough <assa> Cough <anation> Cough <alists> Cough
[–]cm18 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 1 year ago (0 children)
"Threatens financial system"... They mean THEIR system, not ours. They have proven they cannot "regulate" THEIR system, and they want to prevent OUR system from flourishing by "regulating". Fuck them.
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cryptocurrency and related discussion
[–]Drewski[S] 6 insightful - 3 fun6 insightful - 2 fun7 insightful - 2 fun7 insightful - 3 fun - (0 children)
[–]Drewski[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (0 children)
[–]Alienhunter 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (2 children)
[–]cm18 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (1 child)
[–]Alienhunter 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)
[–]CreditKnifeMan 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)
[–]cm18 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)