Tag: cryptocurrencies

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

Tina Marie (Ms. Cat)

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

While the Paper examines the potential benefits and risks of a U.S. CBDC, it is not intended to advance any specific policy outcome, nor is it intended to signal that the Fed will make any imminent decisions about the appropriateness of issuing a U.S. CBDC. However, the Paper undoubtedly is the Fed’s first step toward central bank digital currencies via a public discussion with its stakeholders.

Peter Thiel Embodies Silicon Valley’s Conservative Past and Dystopian Future

Tina Marie (Ms. Cat)

Peter Thiel Embodies Silicon Valley’s Conservative Past and Dystopian Future

In August 2020, Thiel told Die Weltwoche that COVID-19 had created an opening. “Changes that should have taken place long ago did not come because there was resistance. Now the future is set free.” But the future desired by Thiel is one that involves less democracy, more restrictive immigration measures, and a tech industry even more aligned with the interests of the US government. Tech’s libertarian age is waning, but its future could be even worse.

Why the Fed hates cryptocurrencies and especially stablecoins

Tina Marie (Ms. Cat)

Why the Fed hates cryptocurrencies and especially stablecoins

“[They’re] popular because it’s money that’s independent of politicians and bankers,” said Mati Greenspan, portfolio manager and Quantum Economics founder. “People want the separation of government and money. They clearly don’t get that.”

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“Were diem, or even a Chinese CBDC, to be accepted by many other countries, the U.S. dollar would lose its dominance,” continued Bordo.