Originally Posted by Taltarzac725 (Post 2446893)

My problem with Bitcoin is that there seems to be very little in the area of good information about it. And it also seems to depend on current events . Not a good mixture unless you are playing a big role in how those events turn out. It just seems like the ultimate in insider trading.

Originally Posted by CoachKandSportsguy (Post 2446957)

https://x.com/Hannibal9972485/status...78909622194685

������Pay attention this GENIUS act wants your dollars sitting in stablecoins to silently fund U.S. debt…through enforced reserve purchases of Treasuries.
This is monetized surveillance and passive taxation wrapped in fintech packaging.

Basically the U.S. Treasury needs to sell trillions of dollars in bonds to fund deficits.
•Right now, China and Japan are backing away from buying more U.S. debt.
•The Fed is tapering its purchases too.
•So they need a new buyer: YOU, via your stablecoin.

Stablecoins are being redesigned as a passive debt-purchase mechanism.

This is what they mean when they say:

“Every digital dollar will create *trillions in demand for the Treasury.”
It’s not metaphor. It’s a debt trap disguised as digital innovation.
http://1.You buy a stablecoin (Bank of America Coin, CircleUSD, etc.)
2.That issuer — a “Permitted Payment Stablecoin Issuer” (PPSI) — is legally required to hold 1:1 reserves for every coin.
3.Where do they hold those reserves?
Not under a mattress. Not in cash.
→ They’re buying short-term U.S. Treasuries (T-bills, notes, etc.)
4.The bigger the stablecoin market, the bigger the pile of T-bill demand.

The GENIUS Act would basically force every dollar of digital cash to support the U.S. government’s debt.

You’re Being Turned Into a Bond-Backed Hostage Without Consent

Your Money Becomes Illiquid and Government-Controlled

When stablecoin reserves are forced into U.S. Treasuries:
•Your digital dollars are no longer “backed by cash” — they’re backed by government IOUs.
•You can’t redeem instantly if the Treasury market freezes (like in March 2020).
•You don’t control the yield. You don’t earn the interest. The issuer or bank does.

Translation: Your dollar’s sitting in jail earning interest for someone else.

You’re Funding the Government — Without Voting On It

This turns your stablecoin use into passive debt funding for:
•Endless wars
•Bailouts for megabanks
•Surveillance infrastructure (like IRS snooping or digital IDs)

All without legislation, vote, or consent.

You’re now a non-consensual bond buyer just for holding “digital cash.”

They’ll now have a financial motive to:
•Ban algorithmic coins (like DAI/RAI) that don’t support bond buying.
•Kill Bitcoin/ETH usage as stable alternatives.
•Force everyone onto “compliant” rails where bond buying is mandatory.

The system becomes addicted to your stablecoin being a bond buyer. That’s permanent economic capture.

⸻

More Neutral Money — It’s All Politicized

A real dollar — paper or bank cash — is neutral.

A stablecoin forced into Treasuries is:
•Politically tied
•Debt-dependent
•Surveillance-prone
•Built on yield extraction

You lose neutrality. You’re tied to whatever policies the Treasury supports.

This Creates a Hidden Layer of Risk That Could Blow Up

If stablecoin issuers only hold Treasuries, and rates spike or buyers vanish (like in 2023 mini-crises):
•The coins can de-peg if there’s a redemption run.
•Issuers could go under due to mark-to-market losses.
•That loss gets socialized to YOU, the holder — not the issuer.

They’re hijacking your digital dollars to:
•Fund a debt-addicted system,
•Remove your monetary agency,
•Deny you interest or yield,
•Force you onto rails they control.

You don’t get safety. You get surveillance-backed debt peonage.
This is financial servitude hiding under the word “stable.”

Originally Posted by CoachKandSportsguy (Post 2446959)

Stable coins are just lousy bank accounts…

“he thinks most USD-backed stablecoins are really just deposit accounts on which the depositor is paid no interest nor other consideration, but whose sponsor is able to generate net interest income by investing the deposited assets (typically in highly liquid and very short-duration assets), just like a typical checking account, but without FDIC insurance.”

-Morgan Stanley Research

Originally Posted by Whatnext (Post 2447088)

""This is the USA and not some third-world dump like Europe/UK/Africa.""

Some folks need to get out, travel, and find out how third world Europe/UK are.
In many respect they lead, and US follows.

Originally Posted by Pballer (Post 2447059)

Are we going back to the 1800s where each bank issued its own paper money currency (stable coin) supposedly backed by gold or silver (USD or treasury bills)? I see that banks (JP Morgan, Citi Bank) are already talking about issuing their own stable coins. It didn't turn out too well in the 1800s.

Originally Posted by MorTech (Post 2447113)

The City of London/MI6 still has control of the traitor-class in DC but with SOFR destoying LIBOR and XRP/Stablecoin, they will loose. We (And Canada) will finally be free of the colonial slavers/Communists of Europe.

Originally Posted by MorTech (Post 2447097)

Yeah...It's not good but not a disaster. You want a criminal disaster, just look at the government-infested Sickcare industry.

Lucky for us, the USD is the cleanest shirt in the hamper...Or best horse at the glue factory :)

With Stablecoin, I suspect the USD will obsolete all other criminal fiat over time.

Originally Posted by Whatnext (Post 2447088)

""This is the USA and not some third-world dump like Europe/UK/Africa.""

Some folks need to get out, travel, and find out how third world Europe/UK are.
In many respect they lead, and US follows.

Originally Posted by Lottoguy (Post 2447176)

Bitcoin is what tulips were in the year 1637. A fool and his money are soon departed.

Originally Posted by Lottoguy (Post 2447176)

Bitcoin is what tulips were in the year 1637. A fool and his money are soon departed.

Originally Posted by Boilerman (Post 2447144)

Give it 15 years, debt has doubled, interest takes a third of the federal budget and the smart money abandons the USD. The Govt fires up the printing press, inflation routinely runs at 10% and everyone runs for the hills. Maybe bitcoin becomes the new reserve currency.

Originally Posted by Lottoguy (Post 2447176)

Bitcoin is what tulips were in the year 1637. A fool and his money are soon departed.

Originally Posted by Lottoguy (Post 2447254)

Tax the rich more fairly and you can knock down the debt. It’s not rocket science.

Originally Posted by Lottoguy (Post 2447257)

Epstein had a yacht and an island. How did that work out? The vast majority of billionaires made their money using illegal tactics.

Originally Posted by MorTech (Post 2447270)

The upper 10% pay close to 85% of all taxes...How much more is fair? Take all their assets and you might be able to fund FedGov for 10 months...Then we all starve to death because those 10% produce about 80% of everything.

Originally Posted by Bill14564 (Post 2447277)

I'm confident we aren't going to starve because the upper 10% stop growing and picking food.

Originally Posted by Lottoguy (Post 2447257)

Epstein had a yacht and an island. How did that work out? The vast majority of billionaires made their money using illegal tactics.

Originally Posted by Nell57 (Post 2447250)

Here’s the difference. Tulips can be propagated indefinitely. Thousands of bulbs…..a wide number of varieties. It is more analogous to the US dollar. Need more? Print more.
Bitcoin is finite at 21 million. 13% have been lost due to mishandling by early investors.
400 years from now there will still be that same finite number of Bitcoin.

Originally Posted by MorTech (Post 2447368)

Almost every conflict and global scam on Earth can be traced back to the City of London. They know their days are numbered and will lash out even more to maintain their criminal grip. India knows. Pakistan knows. Iran knows. Israel knows. Russia really knows. China knows...Who the real enemy is.

Do you really think Russia and China are our enemies? They are not. They are just rivals.

Soros is a top lieutenant for the City of London and as much as I loathe the nation state and want open society, global communism is not the answer...Pax Americana is! Reagan and Bessent are heroes.

Originally Posted by MorTech (Post 2447368)

Almost every conflict and global scam on Earth can be traced back to the City of London. They know their days are numbered and will lash out even more to maintain their criminal grip. India knows. Pakistan knows. Iran knows. Israel knows. Russia really knows. China knows...Who the real enemy is.

Do you really think Russia and China are our enemies? They are not. They are just rivals.

Soros is a top lieutenant for the City of London and as much as I loathe the nation state and want open society, global communism is not the answer...Pax Americana is! Reagan and Bessent are heroes.

Originally Posted by Whatnext (Post 2447088)

""This is the USA and not some third-world dump like Europe/UK/Africa.""

Some folks need to get out, travel, and find out how third world Europe/UK are.
In many respect they lead, and US follows.

Originally Posted by Whatnext (Post 2447548)

Are you actually Mr. QAnon?

Originally Posted by CoachKandSportsguy (Post 2447459)

Trying to galvanize support by creating a fictitious enemy? No matter your arguments, I am not buying it as a better answer for the US economy.

For all stablecoins authorized in the US, it must be backed by US Treasury offering. Why? Because the BBB (big beautiful bill) just authorized a ginormous spending increase while the demand for US Treasury offerings are declining.

So the stable coin scheme is a way to finance the US treasury ever increasing need for debt financing. ie, a savings account for US Treasury with no interest, for the luxury of digital spending? A digital coin based upon US Treasury's buying is still belief in "fiat" currency. . as the relationship is still 1 to 1 and requires backing of the US Dollar with treasury instruments.

What the Genius act pushers are selling without acknowledging the potential, is that there can be a US stable coin buyers strike, or liquidation, for currently unknown reasons, but most likely it will be the same reason, lack of adequate security reasons which may result in coin theft in large proportions, wreaking havoc on the demand for digital coins. .

If the US dollar continues to fall, then wanting US stable coins by foreigners will be in decline, no different than Zimbabwe stable coins, when Zimbabwe currency was falling into banana republic levels. . .

It's a government gamble on grifting the rest of the world into buying US treasuries to maintain the US huge debt growth. If the US debt and expected growth and tax reductions doesn't produce the economic results expected, and so far, the past historical attempts haven't produced the results expected, the "poof" of digital coins might be US Dollar threatening for the US treasury and the US Dollar, upon which the US stable coins are based. .

Turkey tried the populist very low interest rate strategy and the lira lost a very large percentage of value, relative to other economies. . so be careful for what you wish for in a quick fix solution. . .

Originally Posted by ElDiabloJoe (Post 2447586)

I'm not saying that someone in this thread, especially the last page or two, is coming off as a possibly unhinged individual, so I won't say it. But yeah. Perhaps an indication of an onset of a memory condition? I mean, that's where I've seen it before.

Originally Posted by MorTech (Post 2447643)

OK, Boomer. Go back to your television.

Originally Posted by CoachKandSportsguy (Post 2447755)

I see engineers in finance and economics not be very successful all the time.

Engineers are very linear and logical, because engineering has rules and equations that are rigid, and don't/can't change.
FInance and economics are human behaviors and human concepts, not bounded by rules and equations, but estimate by historical observations which have very wide standards of deviation as compared to engineering, and large outliers occur, though infrequently

It's the exception for an engineer who can transition from the fixed physical systems to the human system of the behavior of handling money. . the human system is very non linea, very counter intuitive, and has lots of outliers and failures. .

Originally Posted by CoachKandSportsguy (Post 2447755)

I see engineers in finance and economics not be very successful all the time.

Engineers are very linear and logical, because engineering has rules and equations that are rigid, and don't/can't change.
FInance and economics are human behaviors and human concepts, not bounded by rules and equations, but estimate by historical observations which have very wide standards of deviation as compared to engineering, and large outliers occur, though infrequently

It's the exception for an engineer who can transition from the fixed physical systems to the human system of the behavior of handling money. . the human system is very non linea, very counter intuitive, and has lots of outliers and failures. .