Federal Reserve Bank Programable Digital Currency

originally posted by: Ksihkehe
The kind of privacy they're talking about on P2P would open the door to completely evade banks.

That's what I was touching on earlier. At the USPF most of the bank execs didn't really seem to have a game plan for this which is why I think the roll out will not be raid, they'll lobby to have it pushed back to someone insinuate themselves into the scheme.

The flip side is the free third party applications that are openly working to thwart them and big tech at the same time. I can't share too much here on that but if we ever had an off the record chat it would be interesting.

a reply to: TonyS

I can assure you (please allow me to set credentials aside publicly).. Fed has had their digital ready for operational use since 2020. As has JP Morgan = Chase. As stated, I’m not speaking from speculation -I have the fortune/misfortune to being on inside. I am absolutely for the concept of Crypto, ie, blockchain.. but can cautiously assure with guarantee.. the original code + creation has exorbitant smoke & mirror. As does every inception/creation/sub creation since. Nothing with blockchain or crypto is what it seems.

Everything (most) of this, from the beginning, goes back to = X. That declaration there is extremely useful for those who understand. Use it to your benefit. Someone here will/should understand what I’ve said.

Kinda throws "For all debts public and private" right out of the window and under the bus doesn't it?

I personally think such a thing as policing funds earned through social security's earned work credits, disability etc. which is what they are trying to do with one part of it is unethical. Like eugenics from another angle... there are a ton of people out there that think it's their money and not a payout from one's insurance that everyone's money goes into sort of like a government retirement fund...

lots of political greed, hate and discrimination out of the last several election cycles; Like someone looks at a wheelchair and with all the political rhetoric that purposefully breeds ignorance and separatism say "I paid for that wheelchair" and then distract from that as if that isn't the real or true hate speech... why? because it is derived from politics... as if politics is immune to being a source of hate speech instead of one of the largest sticks stirring the pot.

I've never looked at those tennis balls on a walker and went dang man I paid for those... but that's how so many people think. They think it came out of their pockets like charity many politicians call social security "socialism" and they call welfare "communism" if there is such a thing as evil in modern or today's society it is that.

The digital tracking part that prevents ripping people off as a client of specific services? Yeah that part makes it a good thing as the federal, the state and the client gets ripped off. Otherwise it is their money and no one else's business if they'd rather drink coffee and smoke cigarettes instead of eat or whatever else.

Using politics and political language to try and re-write or reinterpret it political philosophy into a specific religion under a different language called "law" has been occurring since the courts and constitution was first set up.

Best to think of the idea of "one god" a dictatorship and then look at how well such a thing served people in all of history... and it'll be much easier to get back into politics as a philosophy instead of a religion as the previous a blessing and the former a curse.

originally posted by: AugustusMasonicus

originally posted by: Ksihkehe
The kind of privacy they're talking about on P2P would open the door to completely evade banks.

I can't share too much here on that but if we ever had an off the record chat it would be interesting.

We should schedule a time to sit down and discuss.

originally posted by: Anu314
I can assure you (please allow me to set credentials aside publicly).. Fed has had their digital ready for operational use since 2020. As has JP Morgan = Chase.

LOL, The Fed is no where near ready and JPMC is not even working on a digital currency.

originally posted by: AugustusMasonicus

originally posted by: Anu314
I can assure you (please allow me to set credentials aside publicly).. Fed has had their digital ready for operational use since 2020. As has JP Morgan = Chase.

LOL, The Fed is no where near ready and JPMC is not even working on a digital currency.

They already completed JPM coin. The project stalled or was radically changed at some point I believe. I think it may have originally been planned as a true digital currency, but was modified to just be an internal token on their ledger. I think there was even speculation that they had intended it to be the Fedcoin. It's been a while since that was on my radar though.

You will be learning in the coming months that they also bought or acquired a significant interest in Ethereum based platforms, specifically Metamask and Infura. These are considered critical parts of the ETH ecosystem. There will be more on this coming, at a minimum there appears to have been ethics violations.

a reply to: Ksihkehe

It's an internal token only, they have no roadmap to make this a broad-based digital currency so the other poster is incorrect that this is somehow ready to go along with Fedcoin. As a matter of fact we haven't even discussed doing work on this at all so I know it's dead in the water.

The other aspects I'm aware of, they are a strong partner in several verticals. I don't see them jumping out in front right now, everyone seems to be taking a wait and see approach.


Sent you a PM BTW.

originally posted by: AugustusMasonicus
a reply to: Ksihkehe

It's an internal token only, they have no roadmap to make this a broad-based digital currency.

The other aspects I'm aware of, they are a strong partner in several verticals. I don't see them jumping out in front right now, everyone seems to be taking a wait and see approach.

I was actually already looking to add to the previous post and found an article on it. Never heard of this site but it appears to match my sources. I'm not sure what my original source was.

Relative to others in the space who are just scratching at the door of ETFs and crypto custody they're very much ahead. I think we'll discover eventually that they aren't the only ones that were making moves while feigning disinterest. That's old hat in the finance game, it would be more shocking if they didn't.

a reply to: Ksihkehe

Oh, they definitely have an edge, they just don't seem to be doing anything with it. They've made no effort on the backend to advance their position with any type of development.

originally posted by: AugustusMasonicus
a reply to: Ksihkehe

Oh, they definitely have an edge, they just don't seem to be doing anything with it. They've made no effort on the backend to advance their position with any type of development.

Okay, got the PM edit after my post. Responded.

ETA: Have you noticed we ruin all these threads lol.

originally posted by: Ksihkehe
Okay, got the PM edit after my post. Responded.

ETA: Have you noticed we ruin all these threads lol.

It's probably because we look at this dispassionately. I've learned to be agnostic with a lot of the things we're working on as it's coming regardless if I lose my **** and there isn't much you can do to stop it because in reality the masses think they need it.