Biden coming after cryptos (@America 1st was right again)

[Rusty Student]

OK, got that part.

You bascially pay fees to move money anywhere correct? Like if you and I exchanged ETH or BTC then we would pay fees, right? Its the price to pay to be recorded on the ledger?

Correct.

In addition, I believe there's a separate Coinbase "fee" when purchasing assets. I'm a novice though, so others guys ITT may know better.

 

[hmt5000]

Coinbase is the easiest, just download the app, but then they control your keys so you don’t solve the ultimate problem of owning it outright

The extra steps to do that is to get a swan bitcoin account, have it pull to a “green” wallet on your phone(download the app), and if you want, get a trezor or something so you can have it offline away from any sort of platform

I have "unstoppable" app on my phone. Is this fine or should I delete it and just use the coinbase first. Im only buying aroun$3500 to test the waters so it's not like I need fort knox security right now.

 

[ThriceHawk]

Ok.. Im buying in so what is the best place to actually buy crypto? I've got a wallet set up on my phone but I can't purchase through it. I guess I can access my buy from my wallet?..


I might be dumber than a 5yo on this so help my old ass out.

If you're just starting, use Coinbase. Buy ETH and LINK. Then branch into others if you want to diversify further.

 

[ThriceHawk]

Binance and Coinbase are still centralized. Necessary for the initial onramp of fiat, but ultimately DeFi is what moves us into a better world that most people think already exists (but doesn't).

 

[ThriceHawk]

It really is that easy just like I said.

The CCP's dislike of crypto is just further proof there is reason to be a proponent.

Also this isn't news... China has been against crypto for years, this is just a new report reiterating their stance.

 

[America 1st]

The CCP's dislike of crypto is just further proof there is reason to be a proponent.

Also this isn't news... China has been against crypto for years, this is just a new report reiterating their stance.

They don't dislike cryptos. They just don't push non state backed cryptos. They love cryptos otherwise.

Just shows us cryptos that states don't like are easily controlled and manipulated.

 

[Rusty Student]

If you're just starting, use Coinbase. Buy ETH and LINK. Then branch into others if you want to diversify further.

Can you tell us about LINK?

 

[ThriceHawk]

Can you tell us about LINK?

Chainlink does many different things, but primarily is a decentralized oracle network that provides the ability to connect blockchains with real world events and information that exists off-chain. Smart contracts on any blockchain can securely connect to external data sources, APIs, and payment systems. Smart Contracts, Decentralized Finance, NFT's, Decentralized Insurance, etc... they all need oracles and LINK is the leading one by a large margin.

It is also blockchain agnostic, meaning it can work with any protocol. Ethereum, Cardano, Polkadot, etc.... LINK can and does work with many of them. They have 540+ partnerships/collaborations including Google, SWIFT, Polkadot, Aave, MATIC, etc.

Here's the DocuSign founder talking about smart contracts and the value of Chainlink... its a good clip to make it easily understandable.

 

[hmt5000]

Binance and Coinbase are still centralized. Necessary for the initial onramp of fiat, but ultimately DeFi is what moves us into a better world that most people think already exists (but doesn't).

Is binance better than coinbase? That is what was recommended on YT video I watched but never know if its actually a paid endorsement.

 

[ThriceHawk]

Is binance better than coinbase? That is what was recommended on YT video I watched but never know if its actually a paid endorsement.

No. Binance has more coins available, but for someone new I'd go with Coinbase. ID Verification is faster/easier. Also U.S. based.

 

[America 1st]

 

[America 1st]

 

[JordanPetersHorn]

I have "unstoppable" app on my phone. Is this fine or should I delete it and just use the coinbase first. Im only buying aroun$3500 to test the waters so it's not like I need fort knox security right now.

Never heard of “unstoppable” so can’t comment. But for what you’re describing Coinbase is your best bet.

Long term if you start making serious cash tho you need to move it off of there. It’s still a platform that can be squeezed and lock you out unfairly

 

[hmt5000]

Never heard of “unstoppable” so can’t comment. But for what you’re describing Coinbase is your best bet.

Long term if you start making serious cash tho you need to move it off of there. It’s still a platform that can be squeezed and lock you out unfairly

Do they really need my ID, home address, phone #, occupation? Jesus, Im buying crypto not fucking their daughter.

Also doesn't let me choose America as my country???? do I just put sweden or some shit or do I have to redo this with my vpn off because it seems to be confusing the fuck out of their shit.

 

[America 1st]

They said it couldn't be done.

 

[America 1st]

Protecting citizens was the role The Founders envisioned for government.

Feds signal crackdown on cryptocurrency after volatile week

Fed chair Jerome Powell said that cryptocurrencies, which have grown to have a market cap of nearly $2 trillion, pose some risks to both individual investors and the broader financial system.

nypost.com

 

[America 1st]

Fiat.

Arbitrary as fuck.

Both would be accurate.

 

[America 1st]

I'll take another W. Someone needed to speak the truth and break the echo chamber.

 

[Zgdaf]

Federal Reserve Chair Jerome H. Powell outlines the Federal Reserve's response to technological advances driving rapid change in the global payments landscape

Technological advances are driving rapid change in the global payments landscape. The Federal Reserve is studying these developments and exploring ways that it

www.federalreserve.gov

May 20, 2021

Federal Reserve Chair Jerome H. Powell outlines the Federal Reserve's response to technological advances driving rapid change in the global payments landscape​

For release at 2:00 p.m. EDT

• Share

Chair Powell’s Message on Developments in the U.S. Payments System, May 20, 2021


Play Video
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Technological advances are driving rapid change in the global payments landscape. The Federal Reserve is studying these developments and exploring ways that it might refine its role as a core payment services provider and as the issuing authority for U.S. currency.
"As the central bank of the United States, the Federal Reserve is charged with promoting monetary and financial stability and the safety and efficiency of the payment system," Federal Reserve Board Chair Jerome H. Powell said Thursday in a video message. "In pursuit of these core functions we have been carefully monitoring and adapting to the technological innovations now transforming the world of payments, finance, and banking."
This technology also offers new possibilities to central banks—including the Fed. In particular, it enables the development and issuance of central bank digital currencies, or CBDCs. A CBDC is a new type of central bank liability issued in digital form. While various structures and technologies might be used, a CBDC could be designed for use by the general public.
As the Federal Reserve explores the potential benefits and risks of CBDCs, the key focus is on whether and how a CBDC could improve on an already safe, effective, dynamic, and efficient U.S. domestic payments system in its ability to serve the needs of households and businesses. "We think it is important that any potential CBDC could serve as a complement to, and not a replacement of, cash and current private-sector digital forms of the dollar, such as deposits at commercial banks," Powell said. "The design of a CBDC would raise important monetary policy, financial stability, consumer protection, legal, and privacy considerations and will require careful thought and analysis—including input from the public and elected officials."
Powell announced that the Federal Reserve plans to publish this summer a discussion paper that will explore the implications of fast-evolving technology for digital payments, with a particular focus on the possibility of issuing a U.S. central bank digital currency. The paper will complement Federal Reserve System research that is already underway.
The Federal Reserve System is focused on better understanding the full set of opportunities and risks associated with new digital payment mechanisms. More technically oriented projects, focused on specific tools and infrastructure, are underway at the Board and the Federal Reserve Bank of Boston. The Fed is also collaborating internationally in groups such as the Bank for International Settlements' CBDC coalition.
A video message from Chair Powell on payment innovation can be viewed at: www.federalreserve.gov.
For media inquiries, please call 202-452-2955

 

[America 1st]

Federal Reserve Chair Jerome H. Powell outlines the Federal Reserve's response to technological advances driving rapid change in the global payments landscape

Technological advances are driving rapid change in the global payments landscape. The Federal Reserve is studying these developments and exploring ways that it

www.federalreserve.gov

May 20, 2021

Federal Reserve Chair Jerome H. Powell outlines the Federal Reserve's response to technological advances driving rapid change in the global payments landscape​

For release at 2:00 p.m. EDT

• Share

Chair Powell’s Message on Developments in the U.S. Payments System, May 20, 2021


Play Video
Accessible Keys for Video
[Space Bar]toggles play/pause;
[Right/Left Arrows]seeks the video forwards and back (5 sec );
[Up/Down Arrows]increase/decrease volume;
[M]toggles mute on/off;
[F]toggles fullscreen on/off (Except IE 11);
The [Tab]key may be used in combination with the [Enter/Return]key to navigate and activate control buttons, such as caption on/off.
Technological advances are driving rapid change in the global payments landscape. The Federal Reserve is studying these developments and exploring ways that it might refine its role as a core payment services provider and as the issuing authority for U.S. currency.
"As the central bank of the United States, the Federal Reserve is charged with promoting monetary and financial stability and the safety and efficiency of the payment system," Federal Reserve Board Chair Jerome H. Powell said Thursday in a video message. "In pursuit of these core functions we have been carefully monitoring and adapting to the technological innovations now transforming the world of payments, finance, and banking."
This technology also offers new possibilities to central banks—including the Fed. In particular, it enables the development and issuance of central bank digital currencies, or CBDCs. A CBDC is a new type of central bank liability issued in digital form. While various structures and technologies might be used, a CBDC could be designed for use by the general public.
As the Federal Reserve explores the potential benefits and risks of CBDCs, the key focus is on whether and how a CBDC could improve on an already safe, effective, dynamic, and efficient U.S. domestic payments system in its ability to serve the needs of households and businesses. "We think it is important that any potential CBDC could serve as a complement to, and not a replacement of, cash and current private-sector digital forms of the dollar, such as deposits at commercial banks," Powell said. "The design of a CBDC would raise important monetary policy, financial stability, consumer protection, legal, and privacy considerations and will require careful thought and analysis—including input from the public and elected officials."
Powell announced that the Federal Reserve plans to publish this summer a discussion paper that will explore the implications of fast-evolving technology for digital payments, with a particular focus on the possibility of issuing a U.S. central bank digital currency. The paper will complement Federal Reserve System research that is already underway.
The Federal Reserve System is focused on better understanding the full set of opportunities and risks associated with new digital payment mechanisms. More technically oriented projects, focused on specific tools and infrastructure, are underway at the Board and the Federal Reserve Bank of Boston. The Fed is also collaborating internationally in groups such as the Bank for International Settlements' CBDC coalition.
A video message from Chair Powell on payment innovation can be viewed at: www.federalreserve.gov.
For media inquiries, please call 202-452-2955

Spot on with how I said they would spin this.

Appreciate you posting the text!

 

[Zgdaf]

Spot on with how I said they would spin this.

Appreciate you posting the text!

sure,, it’s coming because they can control when and how the stimmy checks are spent. Where as now it’s an scud missile on the stem checks.
Probably other control reasons like when the banks don’t lend money, the fed can bypass the repo market.

 

[America 1st]

Edward Snowden says crypto, Bitcoin particularly, is being used to harvest data and condition sheep just like @America 1st pointed out.


Too many greedy dragons around these parts. Cash will always be king for patriots.

 

[Zgdaf]

Edward Snowden says crypto, Bitcoin particularly, is being used to harvest data and condition sheep just like @America 1st pointed out.


Too many greedy dragons around these parts. Cash will always be king for patriots.

And what are you going to do about it? Make your own coin or as Snowden suggests individually you can protect yourself, but that doesn’t help with overall privacy.

Snowden is astute and is raising awareness. As pointed out, is ther going to be a Snowdencoin?
I doubt it, even the bitcoin developer points out Snowden can fork BTC and try and implement the extra security measures.

I agree with to many greedy dragons, but as far as cash being fungible? Unless your paying cash to a stripper or prostitute you probably used a credit card which basically acts as a ledger.. also as previously posted fedcoin is coming in which there won’t be privacy and also a enforcement and direction of where the water should flow.

 

[America 1st]

And what are you going to do about it? Make your own coin or as Snowden suggests individually you can protect yourself, but that doesn’t help with overall privacy.

Snowden is astute and is raising awareness. As pointed out, is ther going to be a Snowdencoin?
I doubt it, even the bitcoin developer points out Snowden can fork BTC and try and implement the extra security measures.

I agree with to many greedy dragons, but as far as cash being fungible? Unless your paying cash to a stripper or prostitute you probably used a credit card which basically acts as a ledger.. also as previously posted fedcoin is coming in which there won’t be privacy and also a enforcement and direction of where the water should flow.

I use cash for basically everything.

People can't avoid being on the grid since your utilities and stuff are documented but folks can help.

The goal would be to get people to abandon cryptos and digital as much as possible. It fucks up pretty much everything it the touches (privacy, voting, security, ect).

 

[Zgdaf]

I use cash for basically everything.

People can't avoid being on the grid since your utilities and stuff are documented but folks can help.

The goal would be to get people to abandon cryptos and digital as much as possible. It fucks up pretty much everything it the touches (privacy, voting, security, ect).

Interesting take,. If your that paranoid then either make a second identity, or get some solar and wind turbines.
I’m anti fed and don’t trust the dollar for store of value.. and I do have some gold, but gold is basically pro war. I do have btc since it’s truly decentralized with no central control like other altcoins, usd, etc.
I’m surprised your fine with the dollar being devalued and manipulated as much control over privacy you want.

lookup Triffen dilemma and Thucydides Trap.

 

[America 1st]

Interesting take,. If your that paranoid then either make a second identity, or get some solar and wind turbines.
I’m anti fed and don’t trust the dollar for store of value.. and I do have some gold, but gold is basically pro war. I do have btc since it’s truly decentralized with no central control like other altcoins, usd, etc.
I’m surprised your fine with the dollar being devalued and manipulated as much control over privacy you want.

lookup Triffen dilemma and Thucydides Trap.

I'm not "fine" with the dollar being devalued.

People have a tough time separating the "value" of the dollar from inflation and other economic practices like currency manipulation (economic warfare is a thing especially when competing with China).

I certainly want the "value" of the dollar to go up which is why I don't support cryptos. The Founders got it right with the dollar just like they did nearly everything else.

Some people ITT hate The Fed so much their willing to cut off their arm (advocating for Bitcoin and cryptos) to relieve the pain of a broken finger.

Advocating for removing The Fed doesn't mean someone has to not put America 1st or cause self harm (to the dollar, national security, privacy, ect).

Edit to add:
Even if you don't trust the dollar as a store of value (which is a perfectly reasonable take) then buy gold, silver, and other store of value assets that don't have a negative effect on your countrymen and the economy. I own plenty of gold and silver myself.

 

[Holly Bomber]

Ok.. Im buying in so what is the best place to actually buy crypto? I've got a wallet set up on my phone but I can't purchase through it. I guess I can access my buy from my wallet?..


I might be dumber than a 5yo on this so help my old ass out.

Easiest way to get started is to open a coinbase account. It is the most user friendly and with the exception of HBAR and VET, offers most of the really viable long term coins.

 

[America 1st]

Now that crypto is mainstream it's becoming clear that folks got duped.

 

[America 1st]

XRP gonna make the music stop.

 

[America 1st]

 

[Zgdaf]

 

[America 1st]

 

[America 1st]

 

[America 1st]

 

[America 1st]

Not surprising. America 1st was spot on again and WAY ahead of the curve.

Regulators in ‘sprint’ to crack down on cryptocurrencies, Fed official says

The feds have a clear message for cryptocurrency users: A crackdown is coming. Federal Reserve vice chair of supervision Randal Quarles told the Senate Banking Committee on Tuesday that the agency…

nypost.com

 

[America 1st]

More counterfeit problems than the dollar too.

 

[America 1st]

 

[America 1st]

More proof Bitcoin is easily manipulated by the government and doesn't have the properties coiners claim it does.

 

[America 1st]

 

[CDDP]

SIAP