China's Digital Yuan Comes With An Expiration Date | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 04/11/2021 01:52 PM Report Abusive Post Report Copyright Violation | and where only the threat of money confiscation - which is what a monetary expiration date actually does - can spark aggressive spending, and eventually, runaway inflation. Well, that's precisely what China is now ready to do... and it's only a matter of time before other central banks follow suit. As a reminder, according to tentative estimates for the rollout of ISO 20022, which is the required universal transaction standard which will make payment in digital currencies possible, we are looking at a 2022 launch date, although China looks ready to go live as soon as this year. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Crypto-Tard
User ID: 78144147 United States 04/11/2021 01:54 PM Report Abusive Post Report Copyright Violation | The money itself is programmable. Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start. And there you have it: the Keynesian wet dream to boost the velocity of mean finally comes true. For the past decade we have joked that it is only a matter of time before central banks slap on an expiration date on every monetary unit in circulation... Last Edited by Crypto-Tard on 04/11/2021 01:55 PM When you are afraid of losing your life, you have already lost your life. Don't be afraid. |
Anonymous Coward User ID: 79925850 United States 04/11/2021 01:56 PM Report Abusive Post Report Copyright Violation | |
Dalek Uno User ID: 80236545 Germany 04/11/2021 01:59 PM Report Abusive Post Report Copyright Violation | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 04/11/2021 02:07 PM Report Abusive Post Report Copyright Violation | The money itself is programmable. Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start. Quoting: Crypto-Tard And there you have it: the Keynesian wet dream to boost the velocity of mean finally comes true. For the past decade we have joked that it is only a matter of time before central banks slap on an expiration date on every monetary unit in circulation... PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 04/11/2021 02:09 PM Report Abusive Post Report Copyright Violation | All digital currency will have built in expiration date... Quoting: Anonymous Coward 79925850 They will also be cock blocked from politically incorrect use... YOU MORONS CHEERING FOR THIS SHIT HAVE NO CLUE. Who are these "morons" you speak of? Nobody I know is cheering this digital currency shit on! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 78349802 United States 04/11/2021 02:18 PM Report Abusive Post Report Copyright Violation | All digital currency will have built in expiration date... Quoting: Anonymous Coward 79925850 They will also be cock blocked from politically incorrect use... YOU MORONS CHEERING FOR THIS SHIT HAVE NO CLUE. Exactly. What is coming is all their fault and I blame all the crypto pushers here for it. They should go the f back to their youtube channels. |
Ima Pseudonym
User ID: 76423614 United States 04/11/2021 02:43 PM Report Abusive Post Report Copyright Violation | Coming to a bank near you soon January 4, 2021 Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities [link to www.occ.gov (secure)] Great minds discuss ideas, average minds discuss events, small minds discuss people. |
Anonymous Coward User ID: 78190999 United States 04/11/2021 02:49 PM Report Abusive Post Report Copyright Violation | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 04/11/2021 03:02 PM Report Abusive Post Report Copyright Violation | Coming to a bank near you soon Quoting: Ima Pseudonym January 4, 2021 Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities [link to www.occ.gov (secure)] PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 73267854 United Kingdom 04/11/2021 04:08 PM Report Abusive Post Report Copyright Violation | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 04/12/2021 10:57 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80227016 United States 04/12/2021 11:13 AM Report Abusive Post Report Copyright Violation | All digital currency will have built in expiration date... Quoting: Anonymous Coward 79925850 They will also be cock blocked from politically incorrect use... YOU MORONS CHEERING FOR THIS SHIT HAVE NO CLUE. Besides that, there is no place for more than one national or international currency. So either all you cryptos will get rolled into a new digital currency or just be blocked from usage. Of course the new digital currency will give not of the privacy of the old crypto's. That defeats the purpose of a national or world digital currency. It is plainly the old bait and switch scheme. Right now we have the "bait" currencies. Then they will switch you to the new more invasive one. |