Federal Reserve Bank Programable Digital Currency

originally posted by: CriticalStinker
I don't think a lot of people realize card processors get 2%~ on their transactions.

Seeing as almost all transactions are done with cards now, that's an extra tax on everyone.

It's obvious people don't understand payment schemes in the slightest. I'd explain them but it's really boring stuff.

We do need an alternative. Our country should have control over our own currency, not some transnational corporations who can turn off your card for their perceived morals whole charging you for using the money you earned.

I concur, this should scare the banks. It's funny how not many are really seeing that.

originally posted by: ancientlight
If you mean with bill payments , then I just pay directly from my bank account, no fees in that. Also I only use a debit card .

That's you. How does a merchant avoid fees by being 'more diligent'? Or a P2P transaction via Venmo eliminate fees by the same?

a reply to: AugustusMasonicus

It wouldn't bore me, but I'm sure it would most... Or they'd protest just one a political level without understanding the mechanisms behind it.

This isn't a new debate just because of technology either. Andrew Jackson, FDR, and Nixon come to mind.

If we allow our currency to be leveraged, we are leveraged.

originally posted by: CriticalStinker
a reply to: AugustusMasonicus

I don't think a lot of people realize card processors get 2%~ on their transactions.

Seeing as almost all transactions are done with cards now, that's an extra tax on everyone.

We do need an alternative. Our country should have control over our own currency, not some transnational corporations who can turn off your card for their perceived morals whole charging you for using the money you earned.

With the GP I agree but

In my business they do, it's a hot-button topic. Accounts routinely drop manufacturers that add to that surcharge in billing that's one plus. #2 plenty of small businesses gladly give up the 2% for the buying power it gives their customer and on the bookkeeping headache alone.

Not to get off on a tangent but I don't believe the government knows squat about what small businesses need want or use, PERIOD.

Rant incoming...

I could be wrong and have no real evidence, but the hindrances, hoops, and high dollar expense small businesses have lumped on them by the government over the years, in comparison to their relationship with MEGACORP. This is the number #1 economic problem in the country

end rant now back to your regular scheduled program

If CBDC helps small businesses, even marginally. It will succeed and work, if it doesn't it won't.

a reply to: putnam6

It really surprises me that the very structure of our countries monetary system are rarely spoken of in popular politics. The last one who really made it part of their platform was Ron Paul.

He was considered a looney by many for really touching on it, though, I'll admit he was pretty cavalier on how he wanted to approach it.

As it stands today, we get taxed before we get our money, again when we use it, and with fees on top of that for private companies we don't necessarily need to the extent we're conditioned to believe.

All of that comes with regulations we are becoming more aware of, like transaction size and method. Luckily, while that's ratcheting up, so are the alternatives. This is one of the few topics I'm somewhat optimistic about even with the quite nature of discussion around it. There are actually quite a few entities aiming to shake it up.

originally posted by: putnam6
If CBDC helps small businesses, even marginally. It will succeed and work, if it doesn't it won't.

There a group called the NACS which works with small convenience store retailers and chains who are going to release their own free P2P, B2B and P2B products and also free digital ID platforms that are all compliant, which protects the users, to help offset fees and mitigate banks and tech. I wonder how many people are against that.

a reply to: CriticalStinker

Instead of explaining it I'll show you a simple one without all the merchant processors that can be involved:



Tell me if you like participating in that?

A programmable digital currency is not true financially sovereignty. It's actually the exact opposite of what crypto currencies were designed to do. It's not P2P if you need permission.

Anyone who tells you otherwise is misinformed or lying.

originally posted by: AugustusMasonicus

Which I'm trying to convey but the hysterics think the digital currency somehow leads to things they can already do, like seize your assets.

Just resorting to name calling now ? You can call me 'hysterical' all you like but to me the signs are very obvious right in my face, and I'm far being irrational or 'hysterical'. The WEF is very open about their plans. "You will own nothing and be happy".
Apparently we won't own the right to our own buying decisions either. Agenda21/30 it's all right there.

And nowhere did I mention asset seizures, those are your words.
Manbehindthemask mentioned it too , ESG score (just another name for social credit score) .
If I'm wrong I will eat my words, I hope for my sons' future that I'm wrong , but I know these sociopath globalists won't stop till they have full control of the planet , all it's resources and people, no matter how long it will take them.

End of debating with you about this as it's a waste of effort and time

originally posted by: JAY1980
It's not P2P if you need permission.

It doesn't require permission for P2P, it's in the papers.

originally posted by: ancientlight
If I'm wrong I will eat my words...

You'll be long gone and in the ground before this ever becomes mandatory. There's nothing in your posts except fringe fear mongering about non-related groups and alleged agendas that aren't even discussed in the Original Post.

originally posted by: AugustusMasonicus

originally posted by: ancientlight
If I'm wrong I will eat my words...

You'll be long gone and in the ground before this ever becomes mandatory. There's nothing in your posts except fringe fear mongering about non-related groups and alleged agendas that aren't even discussed in the Original Post.

What part of agenda30 : aka plans before 2030 is hard to understand??
Also, whatever they have in their papers is meaningless ,as more people are enslaved they will simply adjust this system to whatever control they want.

tanstaafl said it best. Done now talking to you

originally posted by: ancientlight
What part of agenda30 : aka plans before 2030 is hard to understand??

The fact that you take it seriously.

a reply to: AugustusMasonicus

Seeing as corporations only exist to make a profit, I see every middle man in the middle of me and the other side of the transaction as someone trying to get some of my pie.

P2P or one middle man (if value is added) should be what we strive for.

originally posted by: CriticalStinker
P2P or one middle man (if value is added) should be what we strive for.

Like I said, that chart is a simple version, sometimes you can have up to five more entities in the scheme. Crypto won't save you either, it still needs to be converted back and forth which requires fees.

a reply to: AugustusMasonicus

While I like the idea of crypto... It's more of an asset than a currency. I've yet to see one that is promising for easy, quick, and cheap micro transactions.

While it still has utility, and some of the coins are something I own or plan to own even if in small amounts... Im hard pressed to see it really get utilized as a countries currency.

originally posted by: CriticalStinker
a reply to: putnam6

It really surprises me that the very structure of our countries monetary system are rarely spoken of in popular politics. The last one who really made it part of their platform was Ron Paul.

He was considered a looney by many for really touching on it, though, I'll admit he was pretty cavalier on how he wanted to approach it.

As it stands today, we get taxed before we get our money, again when we use it, and with fees on top of that for private companies we don't necessarily need to the extent we're conditioned to believe.

All of that comes with regulations we are becoming more aware of, like transaction size and method. Luckily, while that's ratcheting up, so are the alternatives. This is one of the few topics I'm somewhat optimistic about even with the quite nature of discussion around it. There are actually quite a few entities aiming to shake it up.

Great post I agree and I really like Ron Paul's ideas alot, and it says volumes about America that while a person such as Ron Paul was completely unelectable yet look who we do elect.

Have no doubt the government wants the GP to be as ignorant as possible. As has been mentioned numerous times, teaching banking and taxes in public schools just isn't on the curriculum.

a reply to: putnam6

He's the only candidate I've fully supported. There are others who I've voted for, but he's the only one that got me excited.

Hes also one of the few that had a platform backed up by his voting record. The only other prominent candidate I can say the same for is Bernie Sanders, though his and I's politics are quite different. I still admire that he is consistent and mostly truthful about his politics. It's a rarity these days.

originally posted by: AugustusMasonicus

originally posted by: putnam6
If CBDC helps small businesses, even marginally. It will succeed and work, if it doesn't it won't.

There a group called the NACS which works with small convenience store retailers and chains who are going to release their own free P2P, B2B and P2B products and also free digital ID platforms that are all compliant, which protects the users, to help offset fees and mitigate banks and tech. I wonder how many people are against that.

FWIW Im not against it AM, just want to know how it impacts all 'industries" mine included. No matter how many bullets you are dodging here ala Neo in the Matrix, thanks for the information.

So let's see if Im following the CBDC isn't gonna do anything for convenience stores they will need another platform? Ergo CBDC will just be another form of payment small businesses will have to incorporate?