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  1. Embed this notice
    Insane Eagle Sun (sun@shitposter.world)'s status on Friday, 24-Jan-2025 22:55:50 JST Insane Eagle Sun Insane Eagle Sun
    Trump did an EO banning CBDCs lol. Good, actually.
    In conversation about 14 days ago from shitposter.world permalink
    • lainy and Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 like this.
    • Embed this notice
      御園はくい (hakui@tuusin.misono-ya.info)'s status on Friday, 24-Jan-2025 23:08:14 JST 御園はくい 御園はくい
      in reply to
      @sun fednow no longer fed now
      In conversation about 14 days ago permalink
      lainy likes this.
    • Embed this notice
      Taylan (Now 18% More Deranged) (taylan@fedi.feministwiki.org)'s status on Friday, 24-Jan-2025 23:31:01 JST Taylan (Now 18% More Deranged) Taylan (Now 18% More Deranged)
      in reply to
      @sun I'm reading the Wikipedia page and still not understanding what that is.

      https://en.wikipedia.org/wiki/Central_bank_digital_currency
      In conversation about 14 days ago permalink

      Attachments

      1. Domain not in remote thumbnail source whitelist: upload.wikimedia.org
        Central bank digital currency
        A central bank digital currency (CBDC; also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank. It is also a liability of the central bank, unless it is dividend-paying, then it is an ownership stake in the central bank, and is a new form of legal tender, unlike regular retail CBDC which is denominated in the sovereign currency, as is the case with physical banknotes, coin and existing reserves. The two primary categories of CBDCs are retail and wholesale. Retail CBDCs are designed for households and businesses to make payments for everyday transactions, whereas wholesale CBDCs are designed for financial institutions and operate similarly to central bank reserves. Retail CBDCs can be distributed through various models. In the intermediated model, the central bank issues the CBDC and manages core infrastructures, while financial intermediaries offer customer services. The ECB and the Federal Reserve have proposed intermediated CBDCs. Alternatively, the central bank could either provide the full service or delegate responsibilities...
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Friday, 24-Jan-2025 23:44:51 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • Taylan (Now 18% More Deranged)
      @taylan programmable digital money issued by a national government
      In conversation about 14 days ago permalink
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
    • Embed this notice
      Bricky (thatbrickster@shitposter.world)'s status on Saturday, 25-Jan-2025 00:19:19 JST Bricky Bricky
      in reply to
      @sun He ain't messing around. The four-year break did us a favour.
      In conversation about 14 days ago permalink
      Another Linux Walt Alt and Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 like this.
    • Embed this notice
      lainy (lain@lain.com)'s status on Saturday, 25-Jan-2025 01:20:23 JST lainy lainy
      in reply to
      @sun i'm surprised how much he's actually doing
      In conversation about 14 days ago permalink
      Another Linux Walt Alt likes this.
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Saturday, 25-Jan-2025 02:19:53 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • lainy
      @lain I think it would be impossible to not learn his lesson from his last administration and everything that happened to him after that. he's reacting rationally for his circumstances
      In conversation about 14 days ago permalink
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Saturday, 25-Jan-2025 02:25:54 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • lainy
      • Anonicus 2
      @Anonsfw @lain the thing I used to mention during the "muslim country" ban thing was, people were acting like it was new, but the USA already had in place a ban on immigration from certain countries due to terrorism, for example one was Chechnya. Remember those bomber brothers, their family only was allowed to immigrate to the USA by special exception because their uncle worked in the CIA and it apparently was a reward for services rendered.
      In conversation about 14 days ago permalink
    • Embed this notice
      Anonicus 2 (anonsfw@shitposter.world)'s status on Saturday, 25-Jan-2025 02:25:55 JST Anonicus 2 Anonicus 2
      in reply to
      • lainy
      @sun @lain I still think Trump 2016-2020's term was a lot more tame than a lot of people gave it.

      What he did was about on par of what other country leaders would do, Probably now even more so albeit a bit more extreme with even Legal Immigrants can be deported if they did something wrong as in stealing.
      In conversation about 14 days ago permalink
    • Embed this notice
      lainy (lain@lain.com)'s status on Saturday, 25-Jan-2025 02:29:41 JST lainy lainy
      in reply to
      • Anonicus 2
      • Maija
      @maija @Anonsfw @sun there's no way actual american citizens will be thrown out of the country, whether they are naturalized or not.
      In conversation about 14 days ago permalink
      Insane Eagle Sun likes this.
    • Embed this notice
      Maija (maija@netzsphaere.xyz)'s status on Saturday, 25-Jan-2025 02:29:42 JST Maija Maija
      in reply to
      • lainy
      • Anonicus 2
      @Anonsfw @lain @sun seems a baseless but common enough belief, we will see.
      mothers approach to this is essentially "america isnt that great i'll be happy if they pay for my flight home"
      In conversation about 14 days ago permalink
    • Embed this notice
      Anonicus 2 (anonsfw@shitposter.world)'s status on Saturday, 25-Jan-2025 02:29:43 JST Anonicus 2 Anonicus 2
      in reply to
      • lainy
      • Maija
      @maija @lain @sun Fuck, I can't find the source that I saw the other day. Disregard what I said, It was a twitter post so it may not have been 100% accurate. I apolocheese.
      In conversation about 14 days ago permalink
    • Embed this notice
      Maija (maija@netzsphaere.xyz)'s status on Saturday, 25-Jan-2025 02:29:44 JST Maija Maija
      in reply to
      • lainy
      • Anonicus 2
      @Anonsfw @lain @sun do you have a source on that legal immigrant thing? ive not heard as such
      t. second gen immigrant
      In conversation about 14 days ago permalink
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Saturday, 25-Jan-2025 02:30:11 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • lainy
      • Anonicus 2
      • Maija
      @maija @lain @Anonsfw the most "delightful" thing I have seen related to this is Indians on the H1B subreddit saying that children were now a "liability not an asset" if they couldn't be leveraged to get them citizenship through birth citizenship getting them in through family unification laws.
      In conversation about 14 days ago permalink
      Another Linux Walt Alt likes this.
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Saturday, 25-Jan-2025 02:33:04 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • lainy
      • Anonicus 2
      • Maija
      @Anonsfw @lain @maija I am sure someone has floated this idea but even in the current climate I think it would be impossible to implement.
      In conversation about 14 days ago permalink
    • Embed this notice
      Anonicus 2 (anonsfw@shitposter.world)'s status on Saturday, 25-Jan-2025 02:33:05 JST Anonicus 2 Anonicus 2
      in reply to
      • lainy
      • Maija
      @lain @maija @sun I don't think people like myself will be deported since I was born and raised in america and so did my parents. But mainly Migrants who came from Mexico, Became legal Immigrants are the ones that, According to that one post that I can't find so it's a baseless statement, that supposedly could be deported back if they did something illegal.

      But again, I do not know now since i can't find the source lol.
      In conversation about 14 days ago permalink
    • Embed this notice
      lainy (lain@lain.com)'s status on Saturday, 25-Jan-2025 02:33:14 JST lainy lainy
      in reply to
      • Anonicus 2
      • Maija
      @Anonsfw @maija @sun okay but what's their status in the US? are they citizens?
      In conversation about 14 days ago permalink
    • Embed this notice
      feld (feld@friedcheese.us)'s status on Saturday, 25-Jan-2025 02:34:49 JST feld feld
      in reply to
      @sun he can't, actually, which is the funny part. He has zero power over the Federal Reserve.
      In conversation about 14 days ago permalink
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Saturday, 25-Jan-2025 02:36:11 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • feld
      @feld I know they talk about it but does the federal reserve have the power to unilaterally implement a CBDC
      In conversation about 14 days ago permalink
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
    • Embed this notice
      feld (feld@friedcheese.us)'s status on Saturday, 25-Jan-2025 02:36:39 JST feld feld
      in reply to
      @sun yes, they can make any monetary instrument they want AFAIK
      In conversation about 14 days ago permalink
    • Embed this notice
      Insane Eagle Sun (sun@shitposter.world)'s status on Saturday, 25-Jan-2025 02:37:18 JST Insane Eagle Sun Insane Eagle Sun
      in reply to
      • feld
      @feld that makes me more concerned tbh.
      In conversation about 14 days ago permalink
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
    • Embed this notice
      feld (feld@friedcheese.us)'s status on Saturday, 25-Jan-2025 02:37:39 JST feld feld
      in reply to
      @sun yeah we need Congress to do it
      In conversation about 14 days ago permalink
      Another Linux Walt Alt likes this.
    • Embed this notice
      pwm (pwm@lab.nyanide.com)'s status on Saturday, 25-Jan-2025 02:38:13 JST pwm pwm
      in reply to
      • feld
      @sun @feld is it too much to hope for that the federal reserve is exploded (legislatively)?
      In conversation about 14 days ago permalink
      Insane Eagle Sun and feld like this.
    • Embed this notice
      Jerome (j@shitposter.world)'s status on Saturday, 25-Jan-2025 02:42:15 JST Jerome Jerome
      in reply to
      @sun based
      In conversation about 14 days ago permalink
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
    • Embed this notice
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Saturday, 25-Jan-2025 02:43:40 JST Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
      in reply to
      • Taylan (Now 18% More Deranged)
      @taylan @sun basically a cryptocurrency under control of a national government.

      'let's do bitcoin, or something like ethereum/ripple labs ripple (ie with or without mining say) but let's give some part of the US government a backdoor / the ability to impoverish anyone, globally, at the click of a button, with no recourse'
      In conversation about 14 days ago permalink
      Taylan (Now 18% More Deranged) likes this.
    • Embed this notice
      ロミンちゃん (romin@shitposter.world)'s status on Saturday, 25-Jan-2025 02:44:33 JST ロミンちゃん ロミンちゃん
      in reply to
      • lainy
      @lain @sun now if he did the real stuff like abolishing the income tax
      In conversation about 14 days ago permalink
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
    • Embed this notice
      Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Saturday, 25-Jan-2025 02:45:52 JST Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
      in reply to
      • NavBlank
      @nav @sun It's a blatant form of tyranny. It's like banning mustard gas outside of special lab conditions -- it's banning something that gives too much power to one institution and will lead to mass suffering if allowed to be installed anywhere
      In conversation about 14 days ago permalink
    • Embed this notice
      NavBlank (nav@maid.army)'s status on Saturday, 25-Jan-2025 02:45:53 JST NavBlank NavBlank
      in reply to

      @sun@shitposter.world Why is banning CBDCs a good thing?

      Also, what purpose does a CBDC even serve when fiat currency can already be used digitally?

      In conversation about 14 days ago permalink

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