Cryptocurrency: SEC FED and CBDC will all be Dead in 10 years

[grarpamp]

> https://dailyhodl.com/2021/09/23/sec-chair-gary-gensler-calls-blockchain-technology-a-global-catalyst-for-change/


No. What they're really programming you with
are calls for CBDC's, that GovBank will be your saviour,
that p2p distributed privacy capable unprintable cryptos
are all "scams" "ponzis" "frauds" "doomed to fail".

Fuck that noise.
Use crypto.
Let their carcasses rot in their own hallowed aisles.




SEC Chair Gary Gensler Calls Blockchain Technology a Global Catalyst for Change

U.S. Securities and Exchange Commission head Gary Gensler says he
believes the technology underlying cryptocurrencies is beneficial.

In a new interview with the Washington Post, Gensler says that
blockchain technology, which gained its present-day prominence after
the mysterious Satoshi Nakamoto created Bitcoin (BTC), is helping to
improve payment systems.

“Nakamoto-san’s innovation, not only Bitcoin as the first sort of one,
but this whole distributed ledger technology, has been a catalyst for
change around the globe. Central banks and the private sector are
looking in on how we can enhance our payment systems. And [in a way]
to make them 24 hours a day, 7 days a week, real time, at lower cost.”

Blockchain technology is also spurring innovation in the markets and
banking, according to the SEC chair.

“I also think it’s raising new and interesting innovations around how
exchanges work and even potentially some forms of decentralized
lending.

We’ve had peer-to-peer lending for 15-20 years, we’ve experimented
with it. This is a new type of experiment. So, those are really
interesting innovations challenging the established business models.”

Gensler also says he believes stablecoins, which are designed to
maintain a constant value, are similar to “poker chips” and the need
exists to regulate them before problems arise.

“These stablecoins are acting almost like poker chips at the casino
right now. So, add to the Wild West analogy. I mean, we’ve got a lot
of casinos here in the Wild West, and the poker chip is these
stablecoins at the casino gaming tables.

And so, I think there’s just a lot of warning signs and flashing
lights that we might have a spill in aisle three, and I’d rather get
ahead of it.”