TxAG#2011 said:
Watching these meme stocks return I am thinking we might see a meme coin return as well.
In for half a billion Shiba.
It's a ridiculous way to keep the postal service unnecessarily funded and opened. Seriously, this is a bill to create a digital wallet for everyone but requires a brick and mortar establishment to be everywhere to backstop it. Stupid.MuchosPollos said:
And of course the FED/Congress is ready to roll on a moments notice to implement their "solution" when the time is right.[url=https://www.congress.gov/bill/116th-congress/senate-bill/3571][/url]Quote:
S.3571 - Banking for All Act
Introduced in Senate (03/23/2020)
Banking for All Act
This bill requires Federal Reserve member banks to provide digital pass-through accounts (i.e., digital dollar wallets) to residents and citizens, and to businesses domiciled in the United States. Among other things, these accounts must provide specified banking services to eligible persons who elect to deposit funds into these accounts, including access to COVID-19 (i.e., coronavirus disease 2019) aid payments. These accounts may not charge fees or have balance requirements, and must provide a specified interest rate.
In areas with limited access to Federal Reserve member banks, these banks must partner with postal retail facilities to provide services.
Federal Reserve banks must permit state nonmember banks and credit unions to open master accounts for the purpose of offering digital pass-through accounts.
Postal retail facilities and certain small banks must be reimbursed by the appropriate Federal Reserve bank for operational costs incurred by offering the accounts.
https://www.congress.gov/bill/116th-congress/senate-bill/3571
Not to make this too much of a F16 post.....Im sure most everyone on here is well aware of this.
Why the post offices? Even towns with less than 200 people have a post office....no one can claim they've been left behind.
The decision has been made, the world is going to eventually go to (be forced into) an ALL digital system. That was baked in the cake for decades, now its just a matter of timing/events to cause the massive switch-over. I'd guess it's within the next three to five years.
Best "username checks out" post ever? I think so.administrative errors said:
Done right, the post office infrastructure cam be appropriately consumed by cryotocurrency demands.
Emphasis in "done right" which is something the government never can do right....
Donald Trump on #Bitcoin:
— Blockworks (@Blockworks_) June 7, 2021
It just seems like a scam.
I don't like it.
I want the dollar to be the currency of the world. pic.twitter.com/Vn50513WFt
Meh that's likely just whale propaganda. It's useless.LatinAggie1997 said:TxAG#2011 said:
Watching these meme stocks return I am thinking we might see a meme coin return as well.
In for half a billion Shiba.
I've now seen multiple articles discussing Shiba from major news sources. It is considered to have a chance because of the concept of not being a meme coin but a community token. Something to rally around. Evidently they are also trying to add utility and increase exposure through new llisting.
Might be worth keeping an eye on as a lotto.
yeah, wheelskjm didn't convey the same messaging.RED AG 98 said:Best "username checks out" post ever? I think so.administrative errors said:
Done right, the post office infrastructure cam be appropriately consumed by cryotocurrency demands.
Emphasis in "done right" which is something the government never can do right....
let me reference my physical business. Sears Hometown.LatinAggie1997 said:
Would anything between the size of an old FoxPhoto parking lot kiosk and a 90's Kinkos not be sufficient, if brick amd mortar was truly needed??
administrative errors said:let me reference my physical business. Sears Hometown.LatinAggie1997 said:
Would anything between the size of an old FoxPhoto parking lot kiosk and a 90's Kinkos not be sufficient, if brick amd mortar was truly needed??
Do we need a physical storefront infrastructure to sell you something? No, everything can be consumed online.
I
s it helpful to staff a team of competent people able to guide the non-initiated in appliance purchases and save everyone infinite time and research in the process? Possibly.
Does the human experience demand the infrastructure, no but it might give the masses a better overall experience.
couple billion worth of preexisting infrastructure that used appropriately could benefit the adoption of the bitcoin standard.LatinAggie1997 said:
Ah okay..
I was discussing under the assumption that the post office would be relegated to history books.
I just keep setting sell stop losses and dip buys. Not hitting the high/lows but netting 15% or so a week.FAT SEXY said:
Starting to load up on these dips.
It absolutely will. This is simply a ploy to preserve union jobs and votes. Next thing you they will propose Snowpiercer Amtrak crypto trains that have an attached crypto mining car to justify new trains cross crossing the country every which way.administrative errors said:couple billion worth of preexisting infrastructure that used appropriately could benefit the adoption of the bitcoin standard.LatinAggie1997 said:
Ah okay..
I was discussing under the assumption that the post office would be relegated to history books.
I doubt it'll be used appropriately, however, and will quickly be shown as a boondoggle.
administrative errors said:let me reference my physical business. Sears Hometown.LatinAggie1997 said:
Would anything between the size of an old FoxPhoto parking lot kiosk and a 90's Kinkos not be sufficient, if brick amd mortar was truly needed??
Do we need a physical storefront infrastructure to sell you something? No, everything can be consumed online.
I
s it helpful to staff a team of competent people able to guide the non-initiated in appliance purchases and save everyone infinite time and research in the process? Possibly.
Does the human experience demand the infrastructure, no but it might give the masses a better overall experience.
I dunno but I'm going to buy some in here soon. And keep working swings.SidetrackAg said:
What is going on?
SidetrackAg said:
What is going on?
Tomdoss92 said:SidetrackAg said:
What is going on?
Fallout from the feds grabbing the hacker Bitcoin wallet? The libertarians getting nervous?
While it might seem scary, regulation will be good for crypto. It will attract more retail and institutional holders because it reduces question marks.AgPrognosticator said:Tomdoss92 said:SidetrackAg said:
What is going on?
Fallout from the feds grabbing the hacker Bitcoin wallet? The libertarians getting nervous?
Until there is more predictability with respect to future legislation, it would seem unwise to sink significant wealth into any crypto.
I'm not sure when that legislation will happen, and even if it does happen, how conclusive it will be. Even after news laws are announced/enacted, significant uncertainty could remain as the industry evolves and future legislation evolves.
I love that crypto is unregulated, but I hate our government could regulate it at any moment. That uncertainty and unpredictability should scare the **** out of any real investor.
Quote:
which would be very good for the space as a whole imo
Quote:
While it might seem scary, regulation will be good for crypto.
In a speech at the Pantera Summit in San Francisco on Monday, Giancarlo elaborated further, saying bitcoin's dramatic price run-up in December 2017 was the first major bubble following the 2008 financial crisis. That's why the Trump administration acted in concert to address it in a pro-markets manner, he said.Quote:
"One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked."
