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Democrats Introduce Digital Currency Bill -- Don't Let It Happen!

 
FredAllen
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03/28/2022 01:06 PM
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Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Here it is folks. The first step to creating a digital cashless society, where every transaction--even buying an old toaster at a garage sale--will be subject to taxation. SPONSORED BY DEMOCRATS OF COURSE.

Call your senators and tell them NO!

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A group of U.S. lawmakers says the U.S. Treasury Department may be the right government entity to create a digital dollar – not the Federal Reserve. A new bill introduced Monday would authorize just that.

Reps. Stephen Lynch (D-Mass.), Jesús Chuy Garcia (D-Ill.), Ayanna Pressley (D-Mass.) and Rashida Tlaib (D-Mich.) introduced the "Electronic Currency And Secure Hardware Act" (ECASH Act) to direct the Treasury Secretary to develop and issue an electronic version of the U.S. dollar, with an eye to preserving privacy and anonymity in transactions.

The electronic dollar, as defined in the bill, would be a bearer instrument that people could hold on their phone or a card. The system would be token-based, not account-based, meaning if someone were to lose their phone or card, they would lose the funds. In other words, it'd be like losing a wallet with dollar bills in it.

This electronic dollar would be deemed legal tender and be functionally identical to a physical greenback.

[link to www.msn.com (secure)]


[less than 50 percent]
Anonymous Coward
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03/28/2022 01:15 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
clappa
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03/28/2022 01:16 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
pin pin pin
Let Freedom Ring 365

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03/28/2022 01:29 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
5*
You are the creator of your own master plan... Make it a good one.

Wake the fuk up and be ready... This is absolutely no time to be stupid!

“If you want to find the secrets of the universe, think in terms of energy, frequency and vibration.” - Nikola Tesla
Anonymous Coward
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03/31/2022 09:58 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Now they can freeze your money of you don't get the clotshot, just like in Canada.
Crypto-Tard

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03/31/2022 10:40 AM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
I'll go read this proposed bill.

It's guaranteed to have a lot of unconstitutional trash in it.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
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03/31/2022 10:52 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
No. Let them do it. It will only demonstrate how much more perfect non-government controlled cryptocurrencies are.

godzilla
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03/31/2022 10:55 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
No. Let them do it. It will only demonstrate how much more perfect non-government controlled cryptocurrencies are.

godzilla
 Quoting: Anonymous Coward 79697655


so tired of people saying let them have their way so it teaChes the masses how bad they are....


THE MASSES DO NOT LEARN
themessengernevermatt​ers

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03/31/2022 11:06 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
No. Let them do it. It will only demonstrate how much more perfect non-government controlled cryptocurrencies are.

godzilla
 Quoting: Anonymous Coward 79697655


so tired of people saying let them have their way so it teaChes the masses how bad they are....


THE MASSES DO NOT LEARN
 Quoting: Anonymous Coward 80077531


You might as well let them have their way, because since the masses never learn, you will never stop them, only prolong the inevitable.
“The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.”

Elena Gorokhova, A Mountain of Crumbs
Anonymous Coward
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03/31/2022 11:16 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
THERE SHOUL BE NO PRIVATE TRANSACTIONS OR PRIVACY. THATA HOW CHILDrEN GET SOLD, you tax evading child trafficking aids. Or corruption is propagated. MORE ways to lie and get away with it.
Anonymous Coward
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03/31/2022 11:44 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
THERE SHOUL BE NO PRIVATE TRANSACTIONS OR PRIVACY. THATA HOW CHILDrEN GET SOLD, you tax evading child trafficking aids. Or corruption is propagated. MORE ways to lie and get away with it.
 Quoting: Anonymous Coward 81728136


The children are the currency, retard.
dogman17

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03/31/2022 11:53 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Poor people, elderly people, and cognitively challenged people will be unable participate in the digital cashless society.

Banks will lose most of their business. You will need to borrow from the U.S. Treasury.

You may be contacted by law enforcement if you purchase or sell anything that the government thinks is not in society's best interest.

You may not need to ever file a tax return again. The government will have enough information to do it for you, and the U.S. Treasury will simply just charge your digital currency balance for the amount you owe.

And maybe the government might say that no one needs more than, say, $200,000 of digital currency.

Greenbacks. Who needs them? Stores will stop accepting paper money, no one will be able to write checks, and panhandlers and street musicians will have to ask you to transfer some digital cash to them from your smart phone to their smart phones. Armed robbers will demand that you transfer some of your digital currency tokens to them or else.

Inflation will get worse, not better, with an unlimited amount of government controlled digital currency.
Just don't make anything up.
Anonymous Coward
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03/31/2022 11:57 AM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
the only people that will use it are kids

99% of folks over 40 will have no interest or ability
The Tribulation Series

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03/31/2022 11:59 AM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Welcome to the End of Days!

Mark of the Beast coming to a country near you!

Get caught up on Biblical prophecy!

Pray and prepare!

It’s coming!
Anonymous Coward
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03/31/2022 12:05 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
Anonymous Coward
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03/31/2022 12:10 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
USDC - I pay All of My bills in USDC & get back 4% in XLM
XRP
XLM

;-)
Anonymous Coward
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03/31/2022 12:14 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
they will be able to control BTC from burning up the world if they do it.
Anonymous Coward
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03/31/2022 12:14 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Since 2016, I take my Monthly Retirement and convert it to XRP, XLM, and last year I added USDC, and live off crypto.

I use BTC Debit VISA cards (SHIFT, Bitpay, Coinbase, Unbanked) just like You use Your Bank ATM cards.

This is how I amassed so much XRP, XLM and USDC
Agent 99

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03/31/2022 12:14 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This system has to be in place because people need to pay bills.

There is no other way at this point.

When the US dollar becomes backed by gold then everyone on earth will be accountable and this will lessen crime and make the economy more fair for everyone.

Counterfeiting, illegal trade of US dollars, banks who allow drug and terrorism money, people who scam, people who smuggle and steal, cartels, terrorists, oligarchs, ALL lend to us being poor.

The government doesn't want to take money away from the average citizen, then the world would come to a halt and everyone dies. Well maybe in Asia where 8 billion (billion) population has caused a huge imbalance.
Agent 99

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03/31/2022 12:15 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
 Quoting: Anonymous Coward 4723723


Old feudal system worked for centuries.

The silk route.

All a happy and fruitful life.
aylarue

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03/31/2022 12:16 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
 Quoting: Anonymous Coward 4723723


What makes you think they're gonna let you live like that? Don't get me wrong, I'm with ya on the bartering and such but I just don't think they'll let us be. I hope I'm wrong.
Anonymous Coward
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03/31/2022 12:16 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This system has to be in place because people need to pay bills.

There is no other way at this point.

When the US dollar becomes backed by gold then everyone on earth will be accountable and this will lessen crime and make the economy more fair for everyone.

Counterfeiting, illegal trade of US dollars, banks who allow drug and terrorism money, people who scam, people who smuggle and steal, cartels, terrorists, oligarchs, ALL lend to us being poor.

The government doesn't want to take money away from the average citizen, then the world would come to a halt and everyone dies. Well maybe in Asia where 8 billion (billion) population has caused a huge imbalance.
 Quoting: Agent 99


USDC is the new Dollar. XRP will be "Pegged to Gold" and XLM will be "Pegged" to XRP @ Ratio
Agent 99

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03/31/2022 12:18 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Poor people, elderly people, and cognitively challenged people will be unable participate in the digital cashless society.

Banks will lose most of their business. You will need to borrow from the U.S. Treasury.

You may be contacted by law enforcement if you purchase or sell anything that the government thinks is not in society's best interest.

You may not need to ever file a tax return again. The government will have enough information to do it for you, and the U.S. Treasury will simply just charge your digital currency balance for the amount you owe.

And maybe the government might say that no one needs more than, say, $200,000 of digital currency.

Greenbacks. Who needs them? Stores will stop accepting paper money, no one will be able to write checks, and panhandlers and street musicians will have to ask you to transfer some digital cash to them from your smart phone to their smart phones. Armed robbers will demand that you transfer some of your digital currency tokens to them or else.

Inflation will get worse, not better, with an unlimited amount of government controlled digital currency.
 Quoting: dogman17


Most banks are very close to closing at this point already. Lots of people have taken their money out and no longer use branches.

Panhandlers? really? You're worried about panhandlers.

Writing checks needs to modernize too. That's primitive paper documentation.

No tax returns sounds great.
Agent 99

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03/31/2022 12:19 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
 Quoting: Anonymous Coward 4723723


What makes you think they're gonna let you live like that? Don't get me wrong, I'm with ya on the bartering and such but I just don't think they'll let us be. I hope I'm wrong.
 Quoting: aylarue


We already live like this.
Farmers markets, neighbors, local food stores.

"They" are not omnipotent. We still have a choice on how to live.
Anonymous Coward
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United States
03/31/2022 12:20 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
 Quoting: Anonymous Coward 4723723


I bartered for years. I raised Rabbits (open Pen) and traded for Meade (Honey Wine), Ghost Peppers, and various other things. We met on craigslist. Bartering is great and made good friends with other Barter'ers
Anonymous Coward
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Norway
03/31/2022 12:20 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
 Quoting: Anonymous Coward 4723723


I bartered for years. I raised Rabbits (open Pen) and traded for Meade (Honey Wine), Ghost Peppers, and various other things. We met on craigslist. Bartering is great and made good friends with other Barter'ers
 Quoting: Tick Tock


Ghost pepper wasp honey?
Agent 99

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03/31/2022 12:40 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
This is great! Fastest way to usher thinking people to Bartering again. I'm going to raise chickens, live off grid, and trade eggs or chicks for the things that I HAVE to get. Let the fools get taxed.
 Quoting: Anonymous Coward 4723723


I bartered for years. I raised Rabbits (open Pen) and traded for Meade (Honey Wine), Ghost Peppers, and various other things. We met on craigslist. Bartering is great and made good friends with other Barter'ers
 Quoting: Tick Tock


Ghost pepper wasp honey?
 Quoting: Anonymous Coward 82667829


fun!
Crypto-Tard

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03/31/2022 01:37 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
Poor people, elderly people, and cognitively challenged people will be unable participate in the digital cashless society.

Banks will lose most of their business. You will need to borrow from the U.S. Treasury.

You may be contacted by law enforcement if you purchase or sell anything that the government thinks is not in society's best interest.

You may not need to ever file a tax return again. The government will have enough information to do it for you, and the U.S. Treasury will simply just charge your digital currency balance for the amount you owe.

And maybe the government might say that no one needs more than, say, $200,000 of digital currency.

Greenbacks. Who needs them? Stores will stop accepting paper money, no one will be able to write checks, and panhandlers and street musicians will have to ask you to transfer some digital cash to them from your smart phone to their smart phones. Armed robbers will demand that you transfer some of your digital currency tokens to them or else.

Inflation will get worse, not better, with an unlimited amount of government controlled digital currency.
 Quoting: dogman17


senditin
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
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03/31/2022 01:39 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
bump
sophieross

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03/31/2022 01:40 PM

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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
bump to follow
Bree's Spiritual Design Astrology
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03/31/2022 01:41 PM
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Re: Democrats Introduce Digital Currency Bill -- Don't Let It Happen!
These things go together......

Thread: W.H.O. Not me! Not my family. Not America.





GLP