Originally Posted by Jewish Rabbi:
If anything I would think it would legitimize crypto to the people who still doubt. Part of the appeal of Bitcoin is the finite supply, whereas fedcoin would be just like the dollar but in a different form and they could still “print” as much as they wanted to.
Yip. Still FIAT. FIAT is a dead man walking. The principle of fedcoin is dorked. Shit, credit/debit cards and the like are already fedcoin. Don't fund it. It's dumb. Anyone remember Facebooks's coin? No. I'm monitoring it but consider it a minimal risk. As of now 27.5 is the next big decision point. Possible this week as volume is strong, volatility is tight, and more institutional money coming in. Money to be made at 27.5. Tell your friends. [Reply]
Originally Posted by Jewish Rabbi:
If anything I would think it would legitimize crypto to the people who still doubt. Part of the appeal of Bitcoin is the finite supply, whereas fedcoin would be just like the dollar but in a different form and they could still “print” as much as they wanted to.
Originally Posted by MahiMike:
It's an excellent question and one that we're all asking.
Yeah, I guess Jewish Rabbi's answer makes some decent sense.
Should be interesting to watch.
I'll continue to bust balls here when Bitcoin dips, if that's ok?! [Reply]
Originally Posted by lewdog:
Honest question, I am not here to troll today.
If the Fed announces Fedcoin, what happens to the value of Bitcoin if anything?
The appeal of Bitcoin and all Crypto's were aninimity. Not sure Fed Coin adds any value but some kind of guarantee against theft or fraud. I won't trust them.
If all Crypto's get forced by government's to disclose their customers, that's not good.
Not a clue how this ends but I think badly. [Reply]
Originally Posted by scho63:
The appeal of Bitcoin and all Crypto's were aninimity. Not sure Fed Coin adds any value but some kind of guarantee against theft or fraud. I won't trust them.
If all Crypto's get forced by government's to disclose their customers, that's not good.
Not a clue how this ends but I think badly.
Bitcoin isn’t anonymous at all. That’s the point of the blockchain. [Reply]
Originally Posted by Jewish Rabbi:
Bitcoin isn’t anonymous at all. That’s the point of the blockchain.
Yes, but it can virtually be if you dont share you public address and dont use shit like coinbase. But you are right, once the cat is outta the bag everything is public domain. [Reply]
Originally Posted by BWillie:
The best part of this is watching Ripple (XRP) bomb while pretty much all of the other top coins make gains. Eat shit XRP.
I've always thought XRP investors were too stupid to be into crypto at all. [Reply]
I have a buddy who doesn’t know shit about crypto who sold all his BTC two weeks ago for XRP and XLM against my advice lol. Probably lost his profit from holding BTC for 3 years in two weeks. [Reply]
You don't have to worry about a fedcoin. What you have to work about is the world losing faith in the dollar and China creating a crypto that is tied to their gold holdings. They love surveillance and tracking, and blockchain is the perfect tool. The US is falling behind, fast. [Reply]
Originally Posted by eDave:
As of now 27.5 is the next big decision point. Possible this week as volume is strong, volatility is tight, and more institutional money coming in. Money to be made at 27.5. Tell your friends.