Time for gold backed crypto to take over. The only problem will be infamiliar prices and very tiny fees. The transaction fees are less than what CC companies charge to move USD around (and that's just two updates to a database), but the CC companies do a good job of hiding those fees and forcing them on the merchant, which hides complexity from the consumer.
With everything moving to instacart, doordash, amazon, the five minutes for a transaction to clear is ok to fund the account. And then we could have a currency that will either go up in value if you are a saver or at least stay stable if AI cools down a little.
When you realize you've been indirectly paying $5 per transaction on every purchase you should be happy to pay $0.20 to pay the store. It's one of the reasons why portion sizes are too big in the US and or quality is poor. Think about it. If you spend $7 on lunch they need to give you some real trash to break even. They want you to spend as much money as possible per transaction to get more revenue per transaction fee. And the ingredients themselves are cheap. So they'll give you more food to intice you to spend $14. Now you are over eating and over spending. That or you can eat actual garbage that is still way more expensive than it should be.
Why would you want a government involved? They would be the least accountable people. Who's going to hold them accountable to not disappear with the gold? The government?
When the government does its job, it protects citizens.
At the moment crypto is an ideal money laundering and pump and dump scheme, with no protections for the investor. Corporations and banks cannot be trusted to insure investments. The FDIC (1933) was necessary because of the massive corporate and bank fraud at the start of the 20th century. Any currency not protected by an independent agency put in place by elected representatives will be stolen by the wealthiest people, as we've seen.
When the government does its job, it protects citizens.
LOLOLOLOLOLOLOLOL. I've got a bridge in Brooklyn I'd like to sell you.
IFIFY:
At the moment, the US dollar is an ideal money laundering and pump and dump scheme, with no protections for the investor - proven time and time again. Corporations and banks and governments cannot be trusted to insure investments - ever. All currencies not tied to precious metals put in place by elected representatives will be stolen by the wealthiest people, as we've seen.
So if we disagree, I must be compared to that guy?
If you lost $250k at an insured bank, you'd get $250k from the government. That helps the middle class and very small businesses, not the wealthy or major corporations. Correct, it doesn't cover more than $250k. The losses don't go to banks, which also lose. It reduces economic collapse. It does matter if there is insurance for your savings. Why would that not matter? Regarding 'those at the top', the FDIC was created to protect the middle class from 'those at the top', among other laws in the early 1930s. Yes, corrupt cases like Citizens United serve the ruling class, always. The Heritage Foundation are stripping way protections for the middle class and destroying them. New Deal laws of the 1930s are under attack. The Federal Reserve is under attack. Healthcare is under attack. Social Security is under attack. It seems you don't see here that we agree about corruption at the top. If an insured bank collapsed and you lost $250k, you would agree with me that an FDIC would have helped you.
If you argue like that guy and repeat like that guy then you are comparable to socks.
The New Deal was a raw deal.
The Federal Reserve is not federal and is the 3rd Central Bank - and deserves to fall, though the people don't deserve it other than for falling for it again.
Their sickcare system kills.
Social Security has always been a scam.
Who forecloses on failed businesses? Banksters.
Even Gemini knows, "Lenders, typically banks or financial institutions, foreclose on failed businesses when they default on their loans or mortgage payments. This legal process allows the lender to take ownership of the business's assets to recover the owed amounts."
Log in
Render unto Rothschild what is rothschilds
I agree. If you don't want to pay taxes, start walking away from USD.
Time for gold backed crypto to take over. The only problem will be infamiliar prices and very tiny fees. The transaction fees are less than what CC companies charge to move USD around (and that's just two updates to a database), but the CC companies do a good job of hiding those fees and forcing them on the merchant, which hides complexity from the consumer.
With everything moving to instacart, doordash, amazon, the five minutes for a transaction to clear is ok to fund the account. And then we could have a currency that will either go up in value if you are a saver or at least stay stable if AI cools down a little.
When you realize you've been indirectly paying $5 per transaction on every purchase you should be happy to pay $0.20 to pay the store. It's one of the reasons why portion sizes are too big in the US and or quality is poor. Think about it. If you spend $7 on lunch they need to give you some real trash to break even. They want you to spend as much money as possible per transaction to get more revenue per transaction fee. And the ingredients themselves are cheap. So they'll give you more food to intice you to spend $14. Now you are over eating and over spending. That or you can eat actual garbage that is still way more expensive than it should be.
Can they run it at a loss to secure it's position as a monopoly - and then hike the fees?
This is a different kind of fee. This is to miners. They don't get to set the rate. It's just the ethereum gas fee.
Would be great if there were a government prepared to back and insure crypto with gold.
Various countries are selling their US dollars, because of the unreliable and unpredictable US government.
Why would you want a government involved? They would be the least accountable people. Who's going to hold them accountable to not disappear with the gold? The government?
When the government does its job, it protects citizens.
At the moment crypto is an ideal money laundering and pump and dump scheme, with no protections for the investor. Corporations and banks cannot be trusted to insure investments. The FDIC (1933) was necessary because of the massive corporate and bank fraud at the start of the 20th century. Any currency not protected by an independent agency put in place by elected representatives will be stolen by the wealthiest people, as we've seen.
LOLOLOLOLOLOLOLOL. I've got a bridge in Brooklyn I'd like to sell you.
IFIFY:
At the moment, the US dollar is an ideal money laundering and pump and dump scheme, with no protections for the investor - proven time and time again. Corporations and banks and governments cannot be trusted to insure investments - ever. All currencies not tied to precious metals put in place by elected representatives will be stolen by the wealthiest people, as we've seen.
The FDIC insures deposits in banks and savings associations for up to $250,000 per depositor.
Is there another insurer like that?
That doesn't prevent EPIC fraud and corruption.
The FDIC pays depositors when an insured bank fails, which has happened periodically since 1934.
Is there a better insurer?
(Crypto assists wealthy money launderers and fraudsters.)
You sound like socks playing a broken record.
I don't have a quarter mill, much less more. I doubt you do. That insurance isn't for us.
And what about the businesses and corporations and employers that it doesn't cover? Their losses go to the banksters.
The cycle of economic collapse is greater than parts.
It doesn't matter if there's a better insurer or not.
Everyone loses but those at the top.
It matters that the corrupt matrix of rigged systems serves the ruling class. Always.
So if we disagree, I must be compared to that guy?
If you lost $250k at an insured bank, you'd get $250k from the government. That helps the middle class and very small businesses, not the wealthy or major corporations. Correct, it doesn't cover more than $250k. The losses don't go to banks, which also lose. It reduces economic collapse. It does matter if there is insurance for your savings. Why would that not matter? Regarding 'those at the top', the FDIC was created to protect the middle class from 'those at the top', among other laws in the early 1930s. Yes, corrupt cases like Citizens United serve the ruling class, always. The Heritage Foundation are stripping way protections for the middle class and destroying them. New Deal laws of the 1930s are under attack. The Federal Reserve is under attack. Healthcare is under attack. Social Security is under attack. It seems you don't see here that we agree about corruption at the top. If an insured bank collapsed and you lost $250k, you would agree with me that an FDIC would have helped you.
If you argue like that guy and repeat like that guy then you are comparable to socks.
The New Deal was a raw deal.
The Federal Reserve is not federal and is the 3rd Central Bank - and deserves to fall, though the people don't deserve it other than for falling for it again.
Their sickcare system kills.
Social Security has always been a scam.
Who forecloses on failed businesses? Banksters.
Even Gemini knows, "Lenders, typically banks or financial institutions, foreclose on failed businesses when they default on their loans or mortgage payments. This legal process allows the lender to take ownership of the business's assets to recover the owed amounts."
Dude! I've explained the same thing four times. And fuck socks.
Notice that you're not discussing insurers. I want my money insured. If you don't, fine.
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