A Proposed new cryptocurrency ? The U.S. 'Digital Dollar'

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  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #1
    A Proposed new cryptocurrency ? The U.S. 'Digital Dollar'
    Proposed legislation meant to shore up the U.S. economy during the coronavirus pandemic includes a recommendation to create a digital dollar.

    This virtual greenback would help individuals and families survive the shutdown of businesses and series of “shelter-in-place” orders which resulted in skyrocketing unemployment claims and a potential severe recession...

    The Federal Reserve – the nation’s central bank – could use a “digital dollar” and digital wallets to send payments to “qualified individuals,” consisting of $1,000 for minors and $2,000 to legal adults.


    Proposed legislation meant to shore up the U.S. economy during the coronavirus pandemic includes a recommendation to create a digital dollar.
  • asiagambler
    SBR Hall of Famer
    • 07-23-17
    • 6827

    #2
    lol I saw this

    Government bitcoin
    Comment
    • Sam Odom
      SBR Aristocracy
      • 10-30-05
      • 58063

      #3
      Big Brother could track everything you do or buy much better this way...

      Few know how to 'wash' cryptocurrency
      Comment
      • thetrinity
        SBR Posting Legend
        • 01-25-11
        • 22430

        #4
        Thought this was rejected
        Comment
        • asiagambler
          SBR Hall of Famer
          • 07-23-17
          • 6827

          #5
          Just like Bitcoin... only centralized!
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            Comment
            • chidondollars
              SBR MVP
              • 06-12-11
              • 1296

              #7
              Y is dollar so strong, want to buy EU but US dollar is strong now
              Comment
              • Sam Odom
                SBR Aristocracy
                • 10-30-05
                • 58063

                #8
                Originally posted by thetrinity


                Thought this was rejected

                Congress is like Chinese Water Torture... slow but effective

                One day it will pass
                Comment
                • PD77
                  SBR MVP
                  • 12-11-09
                  • 2380

                  #9
                  People still can’t figure out Dir Dep , and don’t even have bank accounts. Maybe if you can have your digi dollars sent to the liquor store and they’ll “exchange” them for you. 10+ years away at best.
                  Comment
                  • bonzaii
                    SBR Hall of Famer
                    • 07-07-17
                    • 5000

                    #10
                    Waiting for the new Alex Jones video on this
                    Comment
                    • pologq
                      SBR Posting Legend
                      • 10-07-12
                      • 19899

                      #11
                      there are still people at my job without bank accounts
                      Comment
                      • blankoblanco
                        SBR MVP
                        • 11-18-11
                        • 3499

                        #12
                        Uhh, you can buy anything online between credit card, paypal, bank account #s, etc. A digital dollar is pretty much no different from a dollar in this age. And government-controlled bitcoin is an oxymoron. What am I missing?
                        Comment
                        • PAULYPOKER
                          BARRELED IN @ SBR!
                          • 12-06-08
                          • 36581

                          #13
                          Originally posted by Sam Odom
                          Proposed legislation meant to shore up the U.S. economy during the coronavirus pandemic includes a recommendation to create a digital dollar.

                          This virtual greenback would help individuals and families survive the shutdown of businesses and series of “shelter-in-place” orders which resulted in skyrocketing unemployment claims and a potential severe recession...

                          The Federal Reserve – the nation’s central bank – could use a “digital dollar” and digital wallets to send payments to “qualified individuals,” consisting of $1,000 for minors and $2,000 to legal adults.


                          https://finance.yahoo.com/news/house...210550233.html
                          That will most definitely HAPPEN..........

                          US Government:"more control? where do i sign up?"
                          Comment
                          • SystemMaster
                            SBR Rookie
                            • 01-29-20
                            • 31

                            #14
                            The Land of the Unfree (when it comes to financial freedom) and the Home of the Brave soon will have a blockchain financial system: US Treasury Secretary Steven Mnuchin Appoints Coinbase Chief Legal Officer to Oversee Banking System

                            [the_ad id=”90130″] US Treasury Secretary Steven Mnuchin, a long-time cryptocurrency and Bitcoin skeptic, has named Brian Brooks as one of the country’s top banking regulators. Brooks will serve as the next Chief Operating Officer and First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC) after stepping down from his role as […]
                            Comment
                            • Sam Odom
                              SBR Aristocracy
                              • 10-30-05
                              • 58063

                              #15
                              Sammy Knows...

                              Comment
                              • Eddy Munny
                                SBR Posting Legend
                                • 08-13-13
                                • 15768

                                #16
                                Cashless society? Another to advance their agenda. They're feeling it now, folks. The jumper's wet!

                                The coronavirus is like a one-stop shopping bonanza for NWO pushers!






                                .
                                Comment
                                • asiagambler
                                  SBR Hall of Famer
                                  • 07-23-17
                                  • 6827

                                  #17
                                  Seems almost inevitable
                                  Comment
                                  • PaperTrail07
                                    SBR Posting Legend
                                    • 08-29-08
                                    • 20423

                                    #18
                                    centralized lol...f off
                                    Comment
                                    • teecee
                                      SBR Hall of Famer
                                      • 09-18-09
                                      • 6298

                                      #19
                                      Originally posted by PAULYPOKER
                                      That will most definitely HAPPEN..........

                                      US Government:"more control? where do i sign up?"
                                      You already let them control your mind. Why not your finances?
                                      Comment
                                      • blankoblanco
                                        SBR MVP
                                        • 11-18-11
                                        • 3499

                                        #20
                                        I have no doubts the dollar is gonna become increasingly digitized. They want to monitor everything we do and sell it to us that it's purely about our convenience. But it's still a "dollar." And it's really not that different from what's already happening.

                                        Half of the reason to bet on crypto is to hedge against all this shit that might come crashing down. This proposal has nothing to do with btc or any other crypto

                                        This is non-news
                                        Comment
                                        • cankid
                                          SBR Hall of Famer
                                          • 08-22-08
                                          • 7229

                                          #21
                                          Originally posted by Sam Odom
                                          Thanks Sammy
                                          Comment
                                          • Optional
                                            Administrator
                                            • 06-10-10
                                            • 61722

                                            #22
                                            Innovative thinking at least.

                                            If they could bring themselves to support a decentralized system it might be good for all.

                                            But that wont happen of course.
                                            .
                                            Comment
                                            • PittsburghPlayer
                                              SBR Hall of Famer
                                              • 01-11-10
                                              • 6760

                                              #23
                                              Sam w/ respect, you are making me look bad and I am capable of doing that on my own. Making me look bad in that I`ve been saying that we are all calling one another "chip" in two years or so.

                                              Not counting cell phones and such, do you ever see yourself answering to Chip Odom?
                                              Comment
                                              • BOA12
                                                SBR Posting Legend
                                                • 02-19-12
                                                • 20622

                                                #24
                                                Originally posted by Eddy Munny
                                                Cashless society? Another to advance their agenda. They're feeling it now, folks. The jumper's wet!

                                                The coronavirus is like a one-stop shopping bonanza for NWO pushers!






                                                .
                                                Don't forget REAL I. D.
                                                Comment
                                                • MinnesotaFats
                                                  SBR Posting Legend
                                                  • 12-18-10
                                                  • 14758

                                                  #25
                                                  My entire customer base is made up of people with no checking accounts or who are unbankable.

                                                  It may happen but there will always be cash. There's 5 to 10 percent of the population illegal or transient or incompetent.
                                                  Comment
                                                  • Eddy Munny
                                                    SBR Posting Legend
                                                    • 08-13-13
                                                    • 15768

                                                    #26
                                                    Originally posted by MinnesotaFats
                                                    My entire customer base is made up of people with no checking accounts or who are unbankable.

                                                    It may happen but there will always be cash. There's 5 to 10 percent of the population illegal or transient or incompetent.

                                                    That doesn't necessarily guarantee anything. The New World Order isn't gonna pander to illegals, transients, or incompetence. In fact, those castaways are so low on the totem pole they'll be deemed expendable, much like the elderly are currently.
                                                    Comment
                                                    • Arky
                                                      SBR MVP
                                                      • 12-09-11
                                                      • 1107

                                                      #27
                                                      Things will never be the same again. Just shut the whole world down while the mechanics whittle away at human rights, civil liberties and personal freedom. And isn't it convenient that social distancing prevents people from gathering in groups of protest?

                                                      Comment
                                                      • PittsburghPlayer
                                                        SBR Hall of Famer
                                                        • 01-11-10
                                                        • 6760

                                                        #28
                                                        Originally posted by Eddy Munny
                                                        That doesn't necessarily guarantee anything. The New World Order isn't gonna pander to illegals, transients, or incompetence. In fact, those castaways are so low on the totem pole they'll be deemed expendable, much like the elderly are currently.
                                                        don`t take this the wrong way or be offended please, but those are pretty much the words of the loving God I know

                                                        and thank you for overlooking my recent transgression
                                                        Comment
                                                        • jjgold
                                                          SBR Aristocracy
                                                          • 07-20-05
                                                          • 388179

                                                          #29
                                                          Crypto dead other than for illegal stuff
                                                          Comment
                                                          • asiagambler
                                                            SBR Hall of Famer
                                                            • 07-23-17
                                                            • 6827

                                                            #30
                                                            Too many people believe in crypto for it to die
                                                            Comment
                                                            • Golden fleece
                                                              SBR Wise Guy
                                                              • 09-25-18
                                                              • 858

                                                              #31
                                                              Originally posted by asiagambler
                                                              Too many people believe in crypto for it to die
                                                              yeah 5 years ago i thought bitcoin would fail and go to zero at some point. no way it ever goes to zero now

                                                              worst case scenario is it will at least be looked upon like an atari or even Nintendo and kept as mementos which could prove valuable as time goes on into a distant future
                                                              Comment
                                                              • Golden fleece
                                                                SBR Wise Guy
                                                                • 09-25-18
                                                                • 858

                                                                #32
                                                                Originally posted by Arky
                                                                Things will never be the same again. Just shut the whole world down while the mechanics whittle away at human rights, civil liberties and personal freedom. And isn't it convenient that social distancing prevents people from gathering in groups of protest?

                                                                https://www.youtube.com/watch?v=oPyqZRRKhSw
                                                                yeah i never thought id say this but in the future a full blown dictatorship might be better than what we have now

                                                                this constant bickering between left and right is counterproductive for advancement of anything. both sides cannot allow the other one look good. theres that joke thats been around about if trump said air is great for you breathe as much as you can today..... then the dems would come out and say no! stop!! dont breathe air!!!

                                                                its really fuct up to say but its true. todays politics do not help the general public at all now because of this. at least with a dictatorship it is what is and thats that! no more crying foul

                                                                i say this tongue in cheek of course but the way things are right now is so so broken because of this never ending left vs right battle win at all costs no matter what
                                                                Comment
                                                                • MeanPeopleSuck
                                                                  SBR Wise Guy
                                                                  • 04-29-17
                                                                  • 950

                                                                  #33
                                                                  Originally posted by Optional
                                                                  Innovative thinking at least.

                                                                  If they could bring themselves to support a decentralized system it might be good for all.
                                                                  Good point. If the US government were to accept a crypto currency -- even just a Tether-type, non price fluctuating crypto -- it would be a huge step towards legitimizing the entire industry.

                                                                  With the fear of government prohibition/restriction reduced, mainstream retailers (Amazon, etc.) would be incentivized to help the community solve that final, elusive problem preventing crypto's widespread adoption: a mechanism for instant, point of sale confirmations.
                                                                  Comment
                                                                  • ace7550
                                                                    SBR MVP
                                                                    • 05-08-15
                                                                    • 3729

                                                                    #34
                                                                    Somebody at coinmarketcap has a pretty good sense of humor...
                                                                    Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.

                                                                    Toilet Paper Token
                                                                    The price graph is the best part!
                                                                    Comment
                                                                    • MeanPeopleSuck
                                                                      SBR Wise Guy
                                                                      • 04-29-17
                                                                      • 950

                                                                      #35
                                                                      Originally posted by ace7550
                                                                      Somebody at coinmarketcap has a pretty good sense of humor...
                                                                      Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.

                                                                      Toilet Paper Token
                                                                      The price graph is the best part!
                                                                      Heh, heh, heh.
                                                                      Comment
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