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Norrrm

(2,826 posts)

2. "dangerous".... "in competition with the US dollar".... Agree! They want it backed by the dollar.

Reply to walkingman (Reply #1)

Thu Jul 17, 2025, 06:29 PM

Jul 17

"The bill regulating dollar-backed digital tokens..."

Who will issue such tokens? The dollar-based currency is controlled by one entity, our gov't.

It is illegal to counterfeit money, but this looks equivalent.

Then, they want the gov't to back such 'new' money.

A new system set up for fraud and corruption.

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Highlight:

Stablecoin bill clears House after GOP revolt, heads to Trump's desk [View all] WhiskeyGrinder Jul 17 OP

I don't understand the intricacies of Crypto or Stablecoin but I view is as dangerous - simply because walkingman Jul 17 #1

"dangerous".... "in competition with the US dollar".... Agree! They want it backed by the dollar. Norrrm Jul 17 #2

With 102 friends like that, who needs... Fiendish Thingy Jul 17 #3