Digital Currencies A Threat? - Off Target

RE: Digital Currencies A Threat?

Donald Baker — Mon, 22 Apr 2024 12:15:22 +0000

I moved this topic to Off Target because the source is Inforwars.com. I do think the subject is a legitimate concern though.

RE: Digital Currencies A Threat?

Donald Baker — Sun, 11 Dec 2022 21:35:05 +0000

I believe they would have to. Having options for currencies in the same nation would make it harder for the government to have total control which is their ultimate goal.

RE: Digital Currencies A Threat?

Phidippides — Sun, 11 Dec 2022 15:59:13 +0000

If the government is leading the way, then yes, I think digital currency is a threat. Two reasons for this. First, the entire purpose of digital currency is to bypass government control of the money supply and inflation that results from excessive government spending. Second, governments will be able to easily track and control all transactions in digital format, allowing for the widespread oppression of people with ease.

Although I've tried to do some research, I still can't quite wrap my head around cryptocurrencies. If the fed does push its own digital currency, would they somehow ban Bitcoin, Ethereum, and other unofficial currencies that compete?

Digital Currencies A Threat?

Donald Baker — Sun, 11 Dec 2022 14:18:06 +0000

I believe so.

https://www.infowars.com/posts/digital-currency-the-fed-moves-toward-monetary-totalitarianism/