Biden orders sweeping cryptocurrency review, setting stage for regulation | Hacker News Reader

Biden orders sweeping cryptocurrency review, setting stage for regulation

washingtonpost.com

Every congress-person's stock trades should be the first thing on the blockchain for transparency and review if they choose to go this route.

Also, there should be a technical method from preventing governments from seizing and putting "holds" on anyone's crypto wallet.

Are you just trying to shove every single other issue into this one?

Crypto has nothing to do with congressional stock trading, and there's already no way any government can prevent transactions on any of the major blockchains short of obtaining sole possession of a wallet's private key.

Yes, but no.

The point was made, and you understand it, however, are you familiar with CBDC?

Central Bank Digital Currency

https://www.federalreserve.gov/central-bank-digital-currency...

Are yu aware of how easily fin-can (financial cancellation) (TM) -- can happen...

So they already cancelled transactions of Canadian protestors..

Let's codify that and only allow for "programmable, controlled currency which is only valid for transactions we monitor and approve."

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They are TRULY trying to make this 'normal'

Its not a fucking 'conspiracy theory'

Your concerns are valid (and there are others beyond what you just described). But ultimately, it doesn't matter; the ruling class wants CBDC, so we're going to get it whether we want it or not.

Best to come up with strategies to mitigate/workaround FEDCOIN.

How can we make anti-financial-weapons?

Serious.

CBDC must have a weakness in its armor...

You make some very good points.

The final sentence is unnecessary though because it does not add anything, and it does not seem that the thread has any accusation of 'conspiracy theory'.

A digital currency is not the same as a cryptocurrency.

Please define the diff; SERIOUS question, as I wish to know the diff btwn the tw.

(My 'O' key fell off, its difficult to type with an 'o' (and this is a brand new machine - ticket open.. fOrgive the O weirdness in all my text.

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