#central bank digital dollar

[indianahal]

The U.S. Federal Reserve is seriously exploring the adoption of a central bank digital dollar known as a CBDC.  Many are concerned if they could centralize American's financial information and holdings in a digital database controlled by the U.S. government.  Then they would have complete discretion over how and whether people can use their own money.  CBDCs could be modeled after the Chinese digital currency which also uses a social credit score for behavior enforcement.  My new video entitled the "Fed Moving Quickly For New Digital Dollar CBDCs."

[kramlabs]

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*central bank digital currency

[empresa-journal]

Chinese central bank digital currency available in 15 Provinces

Chinese central bank digital currency available in 15 Provinces

The Chinese central bank digital currency (CBDC), the e-CNY, is available in 15 of China’s 23 provinces. Moreover, they have used the CNY in over 360 million transactions worth 100.04 billion yuan ($13.9 billion), China.com claims. Additionally, the People’s Bank of China (PBOC) is giving billions of e-CNY away to promote the CBDC. For example, the PBOC dispersed 40.2 million digital yuan worth…

[taylorscottbarnett]

CBDC'S are a big fascination for me.

I support CBDC, in that I support continuing to try and find the fastest, cheapest, method to get: a to b and b to a without waiting or paying exorbitant fees. Like for example, getting a tax return check sent to you costs transaction fees far greater than those offered on Algorand's network.

Or consider the fiasco the US has every years making sure tax returns get to the right places, or that they get sent to the right people. (Or pandemic aid).

The IRS sending xxx.xx to xx wallet address or you sending xxx.xx to xx wallet address come tax time rather than mailing or sending it through a tax prep, etc seems both a bit faster, and a lot cheaper. Especially when it comes to people who file overseas. A wallet address is also yours regardless of you moving or changing names, so there's far less chance of errors in reporting/sending of money due to files not being up to date.

The IRS also faces a lot of scammers every year. Of note a lot of sophisticated crime rings in Russia and China as the US rushed to get aid out during the pandemic. The vast majority of fraud that happend was via crime rings who'd been sitting on vast troves of data stolen or purchased during the nearly weekly data hacks from banks, credit card companies, retailers, and nearly anyone who has a network you put information into. They saw a golden opportunity to fleece taxpayers and they did. People like to point out fraud done by individuals but don't talk as much as the organizations that rake in far greater sums.

Further it would be far harder for someone to "hack" a digital wallet. Guessing a seed phrase would be nigh impossible. I use hack in quotations because it's an overused term. Most hacks tend to be social engineering or Spyware than a true hacking. Further: most of the wallets I've tried out won't even let you screenshot the seed phrase. Not to mention seed phrases are FAR more secure than randomly generated passwords. Computers are REALLY good at running cracks on random assortments of numbers and letters. Exhange a 27 letter/number password for say, a 27 word phrase? Far more secure against brute force attacks.

You can like or hate project Hamilton. For a lot of reasons. Maybe you hate crypto and think it's all a scam (and to be clear there's plenty of scams in crypto, even among "true beliver hyper libertarian anti-fiat crypto bro" crazies).

Maybe you just don't trust the idea of the government having "control" like that. (To be clear, the Federal Reserve would control a digital currency, not the US Government itself).

However in terms of making government services run more efficiently, faster, cheaper, with less fraud, Project Hamilton is potentially the largest revolution in US currency since Alexander Hamilton originally thought up the first US Central Bank.

[naturalrights-retard]

The Fed (US Federal Reserve, the central bank) does not appear to be one of those institutions whose word you could, so to speak – take to the bank.

Just as it is reassuring the public that it is not focusing on introducing a central bank digital currency (CBDC) in the country, the Fed has only recently been telling Congress that steps leading to a digital dollar are among its “7 key duties.”

This is according to Congressman Tom Emmer, who posted a document on X on March 14, explaining that his office received it as the Fed representatives were in Congress for a presentation.

[frogblast-the-ventcore]

Good day, it's me again!

Got some questions for your Astralverse universe.

I tried scouring your blog for astralverse-tagged posts but didn't find sufficient answers so I figured I should present these questions.

It's mentioned in the doc that FTL travel is commonplace but FTL comms is only in experimental stage, by the looks of it. Which is weird in my mind because I thought it should be easier to solve FTL comms first. What's the in-universe lore/explanation for this?

Still on the topic of FTL technology, who's the primary user? Everyone in the Confed, just the founders, a handful of trusted races? And who was the first to kickstart the development for FTL? Is it before or after the Confed was formed?

How is currency handled between races? Is there a unified currency that everyone uses (a la present day European Union with EUR), or is currency exchange/conversion still required?

The flag for The Plex appears to be a flat grey rectangle. I thought it was a bug on my end but it's also displayed like that on desktop. Is that actually what their flag looks like? Or just a placeholder for now maybe?

This one isn't really a question but the Lamian Assembly is described as "society of semi-humanoid serpents" which I glossed over at first, but then clicked with something that I know of: the Lamia people in Elder Scrolls, who also resemble humanoid serpents. I don't know if that's where you took the name from or simply a mere coincidence, but I felt I wanted to bring that up.

Heya! Always happy to answer questions!

1. The specific method of FTL travel in the setting requires some manner of actual mass to work - sending information which has no mass was long thought impractically difficult. The Va'ruun's creators could do it, and consulting with the few of them that are left is how the experimental systems have come to be.

But until recently the method of "FTL" communication was just loading up a communication nano-satellite with messages, having it be carried by an FTL capable vessel into orbit of a given planet, and released, whereupon it transmits it messages to the surface. Not quite instantaneous communication, but decent enough. And importantly, it's fairly cost effective.

2. Everyone in the Confederation has FTL technology. FTL travel (like a lot of the more advanced technology in the setting, was originally a product of the same race that also created the Va'ruun.

The Va'ruun, after inheriting the creators' empire, and being a generous people, gave FTL to any species they befriended - which, when you are the Va'ruun, is extremely easy - any civilization is very likely to respond positively to them for any number of reasons.

3. There is indeed a common currency - the Confederation Unified Exchange note - the CUEnote. It exists both as physical currency (largely for governments, banking, and the like) and digital currency (for most average civilians). They are backed by the Confederation Central Reverse Bank, and derive value from both the largest reverse of physical precious metals in the known galaxy, and a significant reverse of physical member state currency.

Physical CUEnote designs are flat, plasticised sheets roughly 150 x 60 mm in size (roughly equivalent to a modern day US dollar). They exist in 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000, 2000, 5000, and 10000 note varieties - though only notes up to 500 are in widespread circulation.

Regardless, individual member state currencies still exist, and are fully legal tender - conversion rates are calculated by the CCRB and change on a yearly basis. Currencies used by sub-states of member states are also accepted, especially when a member state is not an entirely unified government (to quote a famous Confederation economist: "The oft-cited 'most member states have 4.5 currencies' factoid is actually statistical error. Most member states have a single currency. The Terran Alliance, who lives in the Sol system and has over 180 currencies on one planet, is an outlier and should not have been counted. Please stop counting them, they're giving me nightmares.")

4. That is, in fact, their official flag! The Plex government insists, and has always maintained, that there is a "very beautiful design" adorning it.

Most people are convinced this is the Plex playing a species wide joke.

5. I took the name from more mythological sources there, but so did Elder Scrolls, so convergent evolution.

Ironically enough, the Lamia would actually be better described as "nagas", at least in a modern (furry) sense of the term.

They are, after all, essentially just the Vipers from XCOM:

[mariacallous]

Can you imagine what a digital white ethnostate or a cyber caliphate might look like? Having spent most of my career on the inside of online extremist movements, I certainly can. The year 2024 might be the one in which neo-Nazis, jihadists, and conspiracy theorists turn their utopian visions of creating their own self-governed states into reality—not offline, but in the form of Decentralized Autonomous Organizations (DAOs).

DAOs are digital entities that are collaboratively governed without central leadership and operate based on blockchain. They allow internet users to establish their own organizational structures, which no longer require the involvement of a third party in financial transactions and rulemaking. The World Economic Forum described DAOs as “an experiment to reimagine how we connect, collaborate and create”. However, as with all new technologies, there is also a darker side to them: They are likely to give rise to new threats emerging from decentralized extremist mobilization.

Today, there are already over 10,000 DAOs, which collectively manage billions of dollars and count millions of participants. So far, DAOs have attracted a wild mix of libertarians, activists, pranksters, and hobbyists. Most DAOs I have come across in my research sound innocent and fun. Personally, my favorites include theCaféDAO, which aims “to replace Starbucks” (good luck with that!); the Doge DAO, which wants to “make the Doge meme the most recognizable piece of art in the world”; and the HairDAO, “a decentralized asset manager solving hair loss.” But some DAOs use a more radical tone. For example, the Redacted Club DAO, which is rife with alt-right codes and conspiracy myth references, claims to be a secret network with the aim of “slaying” the “evil Meta Lizard King.”

The year 2024 might be one in which extremists start using DAOs strategically. Policies, legal contracts, and financial transactions that were traditionally the domain of governments, courts, and banks can be replaced with smart contracts, non-fungible tokens (NFTs), and cryptocurrencies. The use of anonymous bitcoin wallets and non-transparent cryptocurrencies such as Monero is already widespread among extremists whose bank accounts have been frozen. A shift to entirely decentralized forms of self-governance is only one step away.

Beyond practical reasons that encourage extremists to create their own self-governed structures, there is an ideological incentive too: their fundamental distrust in the establishment. If you believe that the deep state or the “global Jewish elites” control everything from governments and Big Tech to the global banking system, DAOs offer an appealing alternative. Conversations on far-right fringe platforms such as BitChute and Odysee reveal that there is much appetite for decentralized alternative forms of collaboration, communication, and crowdfunding.

So what happens if anti-minority groups establish their own digital worlds in which they impose their own governing mechanisms? What are the stakes if trolling armies start cooperating via DAOs to launch election interference campaigns? The activities of extremist DAOs could challenge the rule of law, pose a threat to minority groups, and disrupt institutions that are currently considered fundamental pillars of democratic systems. Another risk is that DAOs can serve as safe havens for extremist movements by enabling users to circumvent government regulation and security services monitoring activities. They might also allow extremists to find new ways to fundraise, plan, and plot radicalization campaigns or even attacks. While many governments have focused on developing legal frameworks to regulate AI, few have even recognized the existence of DAOs. Their looming exploitation for extremist and criminal purposes is something that has flown under the radar of global policymakers.

Technology expert Carl Miller, who has long warned of potential misuse of DAOs, told me that “even though DAOs behave like companies, they are not registered as legal entities.” There are only a few exceptions: The US states of Wyoming, Vermont, and Tennessee have passed laws to legally recognize DAOs. With no regulations in place to hold DAOs accountable for extremist or criminal activities, the big question for 2024 will be: How can we ensure the metaverse doesn’t give rise to digital white ethnostates or cyber caliphates?

[darkeagleruins]

Stop and put some thought behind this.

NOT one single bill since we gave Republicans control of the House has made it into law that Republican voters would be happy with.

NOT one single win did our own party give us AFTER we gave them control of the House that they asked us to give them.

House Republicans gave Joe Biden 2 years of an unlimited debt ceiling which means Joe Biden has unlimited borrowing power for 2 whole years.

House Republicans funded the entire illegal invasion including full funding to DHS who funds the NGO's who are giving illegals preloaded Visa Cards with $5,000 of our tax dollars.

House Republicans Funded Sanctuary States to house and feed the criminal illegal aliens.

House Republicans didn't do anything, not even a hearing on the government's takeover of private banking, making a central bank that they plan to use to implement Digital Currency.

[beardedmrbean]

Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange, FTX, imploded and practically wiped out thousands of customers.

The verdict was reached around 7:40 p.m. ET, about four hours after the federal jury in Manhattan began deliberations.

Bankman-Fried, a co-founder of the digital currency exchange FTX, was charged with seven counts of wire fraud, securities fraud and money laundering that swindled customers of FTX and lenders to its affiliated hedge fund, Alameda Research.

Bankman-Fried “perpetrated one of the biggest financial frauds in American history,” Damian Williams, the U.S. attorney for the Southern District of New York, said after the verdict.

“The cryptocurrency industry might be new; the players like Bankman-Fried might be new,” Williams said. “But this kind of fraud, this kind of corruption, is as old as time.”

Bankman-Fried faces up to 110 years in prison. His sentencing is scheduled for March 28.

FTX and Alameda quickly collapsed in November 2022 after some of their financial liabilities were exposed. The fact that Alameda had taken billions of dollars from FTX's customers and that much of Alameda's balance sheet comprised digital currency assets it had created, was central to the case against Bankman-Fried.

Unnerved by disclosures about the firm's financial position, many of FTX’s customers tried to get their money back. That set off the equivalent of a bank run.

The value of Alameda's investments crashed, and FTX couldn’t return much of that money because it had been given to Alameda. Some went to the fund’s lenders, and billions were spent on sponsorships, commercials and loans to top executives. That, too, was a major part of the case against Bankman-Fried.

Many of FTX and Alameda's leaders were also charged after the firms went under. Former Alameda CEO Caroline Ellison, FTX co-founder Gary Wang and FTX head of engineering Nishad Singh all pleaded guilty. They agreed to cooperate with the prosecution and testify against Bankman-Fried in exchange for lighter sentences.

While Bankman-Fried testified in his own defense, it didn’t appear to have the same weight as the insider testimony against him. The prosecution, in its closing argument, said Bankman-Fried had answered “I can’t recall” 140 times while he was being cross-examined.

Bankman-Fried’s lawyers contended that he did not intend to defraud anyone and that the government was looking for someone to blame after the failures of FTX and Alameda.

Bankman-Fried was asked to rise and face the jury as the verdicts were read Thursday, and he did so. He showed little emotion as each verdict was read.

His father slumped in his seat, hunched over as each guilty verdict came in. His mother was visibly emotional.

Mark S. Cohen, Bankman-Fried’s counsel, said in an emailed statement Thursday that Bankman-Fried’s legal team respects the jury’s decision but that they are disappointed.

“Mr. Bankman Fried maintains his innocence and will continue to vigorously fight the charges against him,” he said.

Forbes had once estimated that Bankman-Fried's stakes in Alameda and FTXwere worth $26 billion. He was 29 at the time. But after the bankruptcies, that was gone. Criminal charges followed weeks later.

He also faces another trial on charges of bribing foreign officials and other counts. That trial is scheduled to begin in March, and he has pleaded not guilty to all charges.

On Thursday, Bankman-Fried was found guilty of two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit money laundering, one count of conspiracy to commit commodities fraud and one count of conspiracy to commit securities fraud.

Williams, the prosecutor, said Bankman-Fried’s conviction should send a message to others.

“It’s a warning, this case, to every single fraudster out there who thinks that they’re untouchable or that their crimes are too complex for us to catch or that they’re too powerful for us to prosecute or that they could try to talk their way out of it when they get caught,” he said. “Those folks should think again.”

[diarrheaworldstarhiphop]

I love el salvador because its proof that you can literally just disregard left wing ideology completely, do the exact opposite of what (((they))) say we can't/arent allowed to do, and the end result is objective improvement lol based president bukakke is /ourguy/

lol

>>Despite Bukele presenting his administration as “populist” he is anything but a political outsider or a champion of “the people.” After getting kicked out of the then-ruling Farabundo Martí National Liberation Front (FMLN) for allegedly assaulting a female party official, Bukele, a former advertising executive, joined the Grand Alliance for National Unity (GANA) whose founding members came from the aforementioned Nationalist Republican Alliance (ARENA). Furthermore, Bukele’s rise to power took place during an election in which nearly 50% of eligible Salvadoran voters abstained. It’s even possible that Bukele was appointed in response to the FMLN government’s friendlier relationship with China. For example, in exchange for breaking ties with Taiwan and recognizing Beijing as the official capitol of China, FLMN received $150 million and a donation of 3,000 tons of rice from the Chinese Communist Party. Likewise, during the Trump administration’s 2019 attempt to oust Venezuelan president Nicolas Maduro on behalf of the neoliberal reactionary Juan Guaido, the FMLN took the side of the Chavistas.

In America, Bukele is best known for establishing Bitcoin as Salvadoran legal tender alongside the US dollar. Cryptobros like to portray this as an attempt by a “based” technocrat unpersuaded by “ideology” to get his nation off of fiat currency and away from the control of central banks. This narrative is a total inversion of the truth; In 2020 Bukele sent 40 soldiers into the Legislative Assembly building and forced opposition politicians at gunpoint to approve a loan request of $109 million from the American government for his “Territorial Control Plan.” This plan, using COVID-19 as a pretext, deployed thousands of military personnel to work alongside local police in establishing martial law throughout El Salvador. Bukele’s government insists this led not only to a successful quarantine but a significant reduction in homicides by organized crime. However, the Territorial Control Plan relies on alliances with Salvador’s gangs, as a report by El Faro exposed. “The pandemic was a blessing for Bukele,” Carlos López Bernal, a professor of history at the University of El Salvador, told The Guardian. “He presented an apocalyptic scenario to which the only solution, supposedly, was to give the president everything he asked for. More money and more power.”

In 2021, Bukele’s party “won” a supermajority in El Salvador’s congress, supposedly with 65% of the vote. He then fired five Salvadoran Supreme Court Justices and the attorney general before the Legislative Assembly voted to accept Bitcoin as legal tender. This decision was influenced by Bukele’s close relationship to Strike CEO Jack Mallers, the descendant of Chicago finance royalty and a member of Forbes 30 under 30. According to Slate: “Bukele’s government rolled out a digital crypto wallet in app form, called Chivo (Salvadoran slang for cool), which came preloaded with $30 of Bitcoin to encourage adoption. Many who downloaded it found it confusing and buggy, or that their $30 had already been stolen by identity thieves. A study by economists at the University of Chicago, Penn State and Yale found that of those who managed to access it, most cashed out their $30 and didn’t use Chivo again.”

Towards the start of May, cryptocurrency experienced its worst crash yet. This ongoing crash has already wiped out $400 billion in market capitalization and bankrupted innumerable investors. As Slate notes, “El Salvador is on the verge of defaulting on its debts, which amount to close to 100 percent of its gross domestic product. This is exacerbated by the loss of value of the country’s Bitcoin holdings, which Bukele bragged he would trade with public funds on his phone while in the bathroom. As of now, he has personally cost the Treasury about $40 million—an amount equal to its next foreign debt payment, due to bondholders in June.”

Just before the epic crypto crash, Bukele unveiled plans for a city, “funded by the sale of a Bitcoin bond and powered by geothermal energy from the nearby Conchagua volcano.” Now, the country’s bonds are trading at 40% of their original value. But like any good con artist, cult leader, or multi-level marketing guru, Bukele has doubled down on his Bitcoin “gamble.” In the midst of the crypto crash, El Salvador hosted a “financial inclusion conference” attended by “44 central bankers from developing countries around the world.” This conference was organized by the Alliance for Financial Inclusion, formed in 2008 by central bankers in Mexico, Kenya, the Philippines, Indonesia and Thailand in “close collaboration” with the Bill and Melinda Gates Foundation. In 2013, Bill Gates spoke at a meeting hosted by the United Nations General Assembly to tout the merits of “digital financial inclusion” via digital payment systems. The invite reads: “Today 2.5 billion adults are excluded from the formal financial services sector. Yet governments, the development community and the private sector make billions of dollars in cash payments to people in emerging economies, many of them poor and financially excluded. Shifting these salaries, pensions, social welfare stipends and emergency relief payments from cash to electronic has the potential to improve the livelihoods of low-income people by advancing financial inclusion and helping people save.

During the upcoming United Nations General Assembly, UNDP, UNCDF and the Better Than Cash Alliance are hosting an event on how partnerships between governments, private sector and development organizations are helping to promote inclusive growth. It will focus on how digital payments can catalyze financial inclusion, and as a result, can be a driver of inclusive growth and development.”

In January 2021 the Bank of International Settlements issued a report stating, “Most central banks are exploring central bank digital currencies (CBDCs), and their work continues apace amid the Covid-19 pandemic. As a whole, central banks are moving into more advanced stages of CBDC engagement, progressing from conceptual research to practical experimentation.” Since 2017, “the share of central banks actively engaging in some form of CBDC work grew by about one third and now stands at 86%.” The BIS report found that 56 central banks are now researching or developing some form of digital currency. 

During the early stages of the pandemic in 2020 programmers well versed in COBOL, a 40 year old programming language, were in high demand. This demand mainly came from state governments, who still use COBOL to dispense unemployment benefits. “Literally, we have systems that are 40-plus-years-old,” New Jersey governor Chris Murphy told CNBC. “There’ll be lots of postmortems. and one of them on our list will be, how did we get here where we literally needed COBOL programmers?” Murphy’s concerns were echoed by Kansas governor Laura Kelly: “So many of our Departments of Labor across the country are still on the COBOL system; you know very, very old technology.” Connecticut, California, New York, and Pennsylvania “still rely on decades-old mainframe systems based on the COBOL language as well.”

If all of this still sounds banal or benign to you, consider the following: PRISM, the massive NSA surveillance machine “exposed” by Islamaphobic Ayn Rand fanboy and descendant of numerous lifelong feds Edward Snowden, is the direct descendant of PROMIS, a tracking software developed by a “former” NSA fed working in the private sector through his firm Inslaw. Inslaw originally developed PROMIS to help the Department of Justice and local law enforcement agencies across America “update” their prehistoric filing systems in the mid-1980s. PROMIS was later stolen by Mossad spies and infamously distributed by Robert Maxwell, father of Ghislaine Maxwell, before making its way back to its homeland. In the meantime, the same NSA that was building PRISM and had produced PROMIS was working on the hash algorithm that made Bitcoin possible. 

------

Covid Imperialism, Crypto Colonialism, and the Real “Great Reset” – Beyond_Lies_The_Wub (wordpress.com)

[empresa-journal]

Federal Reserve tests Digital Dollar

Federal Reserve tests Digital Dollar

The Federal Reserve is testing a Central Bank Digital Currency (CBDC) in the Forex markets. The New York Federal Reserve revealed Project Cedar on 4 November 2022. Project Cedar is the Fed’s New York Innovation Center’s (NYIC) test of a CBDC in the foreign exchange (FOREX) markets. Project Cedar is the Fed’s first test of a wholesale CBDC (wCBDC) A wCBDC is a digital reserve financial…

[digitalguap]

War On Cash Has Begun - The Digital Dollar Is Here

War On Cash Has Begun – The Digital Dollar Is Here

The warm cash has begun and we better Get prepared the Federal Reserve has Launched the digital dollar and there's No escaping this we'll be talking about How cash is slowly gonna get phased out And guess what this timetable is getting Accelerated we're gonna live in a world Where there will be terms and conditions Attached to your money and monetary Policy will be rolled out like never Before…

[mediamonarchy]

https://mediamonarchy.com/wp-content/uploads/2024/04/20240402_MorningMonarchy.mp3 Download MP3 Swipe-fee settlements, palm payments and apocalyptic eclipse colliders + this day in history w/Coronavirus comet drives command teams to Cheyenne Mountain and our song of the day by K-Rino on your #MorningMonarchy for April 2, 2024. Notes/Links: Fans bid farewell to giant moving Gundam in Yokohama https://japantoday.com/category/national/update1-fans-bid-farewell-to-giant-moving-gundam-in-yokohama US-59 south of Sallisaw at the Kerr Reservoir is completely shut down at this time due to a barge that has struck the bridge. Troopers are diverting traffic away from the area. The bridge is going to be shut down until inspections of the bridge can be made. https://vxtwitter.com/OHPDPS/status/1774163632303079885 Video: Another bridge struck by a barge. U.S. 59 Bridge in Sallisaw Oklahoma; Dayton Holland and her family captured this video as they were fishing near the bridge. https://vxtwitter.com/HighImpactFlix/status/1774167830792941737 Family Dollar, Dollar Tree to close about 1,000 stores https://www.fox5ny.com/news/dollar-tree-closing-stores-family-dollar-march-13-2024 Here ye here ye: SWIFT planning launch of new central bank digital currency platform in 12-24 months https://www.reuters.com/business/finance/swift-planning-launch-new-central-bank-digital-currency-platform-12-24-months-2024-03-25/ Visa and Mastercard’s swipe-fee settlement could lead to a rewards fallout https://sherwoodmedia.com/snacks/business/visa-and-mastercards-swipe-fee-settlement-could-lead-to-a-rewards-fallout/ Video: Visa, Mastercard settle swipe fee lawsuit, agree to reduce rates and halt increases until 2030 (Audio) https://www.youtube.com/watch?v=tOMBnFcd_vU FBI agent says he hassles people ‘every day, all day long’ their Facebook posts https://reason.com/2024/03/29/fbi-agent-says-he-hassles-people-every-day-all-day-long-over-facebook-posts/ Facebook Used “Man-in-the-Middle” Approach To Snoop on Users’ Encrypted Traffic in Secret Project https://reclaimthenet.org/facebook-used-man-in-the-middle-approach-to-snoop-on-users-encrypted-traffic-in-secret-project Feds subpoena YouTube viewers for certain videos https://www.pcworld.com/article/2278729/feds-demanded-id-of-youtube-users-who-watched-certain-videos.html Elon Musk announces more changes to X – after claims user numbers have plummeted https://news.sky.com/story/elon-musk-announces-more-changes-to-x-following-claims-user-numbers-have-plummeted-13103101 AT&T Says Data From 73 Million Current and Former Account Holders Leaked on Dark Web; Data from roughly 7.6 million current account holders and 65.4 million former account holders were released on the dark web, AT&T said. https://www.theepochtimes.com/us/att-says-leaked-data-set-impacts-about-73-million-current-former-account-holders-5618644 AT&T is investigating a leak that put millions of customers’ data on the dark web https://www.cnbc.com/2024/03/30/att-investigating-breach-that-put-customer-data-on-dark-web.html Room 641A https://en.wikipedia.org/wiki/Room_641A Updates to Discord’s Policies https://search.brave.com/news?q=Updates%20to%20Discord%E2%80%99s%20Policies Video Game Publisher Take-Two Interactive to Acquire ‘Borderlands’ Maker Gearbox for $460M https://www.hollywoodreporter.com/business/business-news/take-two-interactive-borderlands-maker-gearbox-deal-1235861917/ Experts Warn of ‘Digital Enslavement’ as Amazon Pushes Palm-Scan Payment Service; Amazon has rolled out tech to facilitate palm-scanning payments, drawing criticism from experts on privacy and social surveillance and control. https://www.theepochtimes.com/business/experts-warn-of-digital-enslavement-as-amazon-pushes-palm-scan-payment-service-5618084 Video: Amazon Launches Sign-Up App For Its Palm Payment Service (Audio) https://www.youtube.com/shorts/XgHM6yDnNTs Image: Perspective is everything – Soyjack: Looking at the night sky makes me realize how puny and insignificant I am. // Based Chad: I am the result of 14 billion yea...

[naturalrights-retard]

Allow me to confront you directly with an issue that seems to have sent ripples of apprehension through the corridors of financial and political discourse, yet its essence is met with a blend of dismissal and naivety by many.

We stand at a crossroads where the Automated Clearinghouse and FedNow are not mere footnotes in the annals of banking procedures but harbingers of a shift towards a Central Bank Digital Currency (CBDC) that promises to redefine the very fabric of our monetary systems.

The contemplation of such a future by the U.S. Central Bank, evidenced by their exploratory paper two years ago and associations with the Digital Dollar Project, is far from being an unwarranted controversy. It is a call for a robust debate on our financial sovereignty.

Yet, mere days before a document made waves for its implication of the Federal Reserve's inclination towards a CBDC, we were told by none other than Chairman Jerome Powell himself, in the sanctified halls of the Senate, that the adoption or even the endorsement of a U.S. CBDC was a concept so remote, it might as well be a mirage on the financial horizon. "People don’t need to worry about it," he assured. But worry we must, and worry we do.

[misternews]

Cryptocurrency: A Beginner's Guide to Bitcoin

Cryptocurrency has become a buzzword in recent years, and one name that often comes up in conversations is Bitcoin. But what exactly is Bitcoin, and how does it work? In this article, we will delve into the world of cryptocurrency and explore the basics of Bitcoin, providing you with a beginner's guide to understanding this revolutionary digital currency.

What is Bitcoin?

Bitcoin is a decentralized digital currency that was invented in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto. Unlike traditional currencies such as the US dollar or the Euro, Bitcoin is not controlled by any central bank or government. Instead, it operates on a peer-to-peer network and utilizes blockchain technology to ensure security and transparency.

How Does Bitcoin Work?

Bitcoin operates on a technology known as blockchain, which is a public ledger that records all transactions made using the currency. When someone makes a Bitcoin transaction, it is verified by a network of computers known as miners. These miners compete to solve complex mathematical problems, and once a problem is solved, the transaction is added to a block in the blockchain. This decentralized nature of Bitcoin means info slot that no single entity has control over the currency. Transactions are transparent and cannot be altered, making Bitcoin a secure and reliable form of digital currency.

Benefits of Bitcoin

Bitcoin offers several benefits that have contributed to its popularity among users worldwide. Some of the key advantages of Bitcoin include:

Decentralization: Bitcoin operates without the need for intermediaries such as banks or governments, giving users full control over their funds.

Security: The use of blockchain technology ensures that Bitcoin transactions are secure and cannot be tampered with. The transparent nature of the blockchain also allows for easy tracking of transactions.

Anonymity: While Bitcoin transactions are recorded on the blockchain, the identities of the users involved are not disclosed, providing a certain level of privacy.

Lower Transaction Fees: Compared to traditional banking systems, Bitcoin transactions generally have lower fees. This makes it an attractive option, especially for cross-border payments.

Global Accessibility: Bitcoin can be accessed and used by anyone with an internet connection, regardless of geographical location. This makes it an inclusive and borderless form of currency.

Is Bitcoin Legal?

The legal status of Bitcoin varies from country to country. While some countries have embraced the use of slot online cryptocurrency and have established regulations to govern its use, others have banned or restricted it. It is important to research the legal status of Bitcoin in your jurisdiction before engaging in any transactions.

Is Bitcoin a Good Investment?

Bitcoin has experienced significant price fluctuations since its inception, leading some to view it as a speculative investment. While Bitcoin has the potential for high returns, it is also subject to volatility and market risks. It is essential to slot gacor carefully consider your risk tolerance and conduct thorough research before investing in Bitcoin or any other cryptocurrency.

Conclusion

Bitcoin has revolutionized the world of finance, offering a decentralized and secure form of digital currency. With its global accessibility and potential benefits, Bitcoin has garnered widespread attention and adoption. Whether you are a indo3388 curious beginner or an experienced investor, understanding the basics of Bitcoin is essential in navigating the world of cryptocurrency. So, grab your digital wallet, and embrace the future of finance with Bitcoin!

Article Meta-Description

Learn the basics of Bitcoin, a decentralized digital currency, in this beginner's guide to cryptocurrency. Explore its benefits, workings, and legal status.

[zee-man-chatter]

Scary article, as usual with the left, they tell you giving them power will make you safer, but programmable money means you lose choice over how you can spend your money. I hope this never comes to pass! Trudeau is already trying to control the press, once they control how you spend, it's game over. Just bear in mind someone controls Trudeau.