Topic: Crypto future explained btc (Read 152 times)

stable coins are not going to be regulated where by the coins 'minters' become the new institutional bank. this is because the companies that 'mint' stable coins(where 10 new stable coins represents $10 deposited into their bank account). are not banks themselves. but bank customers of institutional banks.

the real banks dont have the access privileges to mint new coins to peg to the banks money. so the banks wont be using existing stable coins.so you will infact see the government/banks want to create their own stable coin they can control as pegged coin against their fiat

stable coin is a gimmick peg of fiat at a business-customer(cash for goods) level.. not a fiat-legal tender(bank-treasury) level. stable coins are not to be treated as legal fiat tender that is guaranteed against loss by exchanges. its just a crypto token.

if the business you deposited your fiat into does a mtgox "we got hacked" and their fiat bank account is robbed. you will not get the same rights as what would happen if your own real bank/bank account got robbed.

by you depositing fiat into a businesses bank account. you have given up your rights to the government finance insurance. because its not treated as you putting funds into a bank account in your name. but instead handing a stranger your cash and they hand you a good/service. these businesses do not have a banking charter to insure funds they receive

https://www.bloomberg.com/news/articles/2021-10-01/treasury-is-pushing-to-impose-bank-like-rules-on-stablecoins


in short. do not expect any rights to a government financial compensation scheme that banks offer, when using current stable coins. because the businesses offering stable coins are not banks to have that consumer protection., your rights are just the ability to try suing the business you handed your cash to but they can fight back and say that you received your goods(token) and have no legal right to a refund

Crypto future is attached with BTC. If BTC rise more of the coins rises. I the same way, If BTC goes down then most of the coins lose down their value. So the crypto moves with BTC price. If the BTC got legalization then all other coins are also considered legal. The popularity of BTC is increasing day by day. In the same way, some or many of the crypto coins are also getting fame as you see ethidium, Tron, light coin, etc.

Ok, but your opinion doesn't matter; as well as mine. You may think that BTC is not a currency, but people will still use it to pay for stuff whether we like it or not.

So there's definitely a high likeliness of government central banks to create their own CBDCs. So?

As I said many times btc are just digital gold.
Not a currency.
Now many of you think that central banks will do their own cbdc.
Thts Not a case. Many of You have some illusion s but I tell You many of you Will be disapointed how it all Will play out.
The facts are that smarter People Will Buy crypto Now Specially stable coins those stable coins Will be regulated and Property prices reseted.
And you all Buy Property with stable coins.

Those who Don't have it they ll have to borrow or Work for it.
Many of you Don't like the out Come or you would Say its a same Old system..
Well.. Your opinion its not important and military Will deal with you if you are too loud.

What's most important is to feel the flow and go with the flow.

Like one of my favorite Celebrity said I think most smartest guy fed Powell said we Will also look into private companies...  Guess what usdc...

So all your equality smox shut up and see how the things are first the lions and wolfes Will accure wealth and assets then whats left over the lambs Will get last ones.

Thts how it always goes and Will be upcoming deflation the stable coins Will be Good to have it.

Also Powell Will do stable coins cash ramps coz u never Know When you need to pay for hookers.

So all you dreamers stop Ur bla hhh blaa