
CBDCs could boost financial stability
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CBDCs could boost financial stability
A well-designed central bank digital currency may enhance rather than weaken financial stability, according to a working paper from the US Treasury's Office of Financial Research.
CBDCs Vs. Cryptocurrencies: Side-by-Side Comparison!!
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Essential Videos
Cryptocurrency For Beginners https://youtu.be/VYWc9dFqROI
Terra’s UST Decentralized Stablecoin https://youtu.be/NiYUEBNvPPk
CBDCs Explained https://youtu.be/7Lu0uhrueWI
CPI Inflation Manipulation https://youtu.be/iJTUVPaNJ04
IMF Financial Stability Report https://youtu.be/5zo7oXDeCxI
What Happens When Last BTC Is Mined https://youtu.be/rnKdpf-P1TI
Blockchain Analytics Companies https://youtu.be/KR5_6uVBRDU
Monero Privacy Coin Analysis https://youtu.be/7-aTYyEVlNk
Federal Reserve Interest Rate Plans https://youtu.be/DPE5D7X3N7U
BIS CBDC Report https://youtu.be/fEifsVxio6Q
WEF CBDC And Stablecoin Report https://youtu.be/JZRDwS6ACHc
Assets Backing Stablecoins https://youtu.be/TxcTDNHSS-U
Blackrock Owns Everything https://youtu.be/qs_mWvf6yRI
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⛓️ Useful Links ⛓️
► CBDC Tracker: https://cbdctracker.org/
► Bitcoin Whitepaper: https://bitcoin.org/bitcoin.pdf
► Distributed Ledger Technology And Blockchain: https://medium.com/brandlitic/difference-between-distributed-ledger-and-blockchain-vs-dlt-7969f3837ded
► WTF Happened In 1971: https://wtfhappenedin1971.com/
► Shadow Stats Inflation Charts: http://www.shadowstats.com/alternate_data/inflation-charts
► Assets Priced In Gold: http://pricedingold.com/
► Bitcoin Stock To Flow: https://stats.buybitcoinworldwide.com/stock-to-flow/
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– TIMESTAMPS –
0:00 Intro
1:31 Origins Of CDBCs and Crypto
5:51 How CBDCs & Crypto Work
10:00 Economics Of Financial System
12:58 Economics Of CBDCs & Crypto
17:24 Custody Of CBDCs & Crypto
21:13 CBDC vs Crypto Economies
25:46 Conclusion
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Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Crypto #CBDC #Blockchain #USD #Cryptocurrency
Will CBDCs Destroy Bitcoin?
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In this video, I discuss whether CBDCs (central bank digital currencies) will destroy Bitcoin by programmatically preventing capital inflows from fiat to Bitcoin.
I conclude that this will not happen, because it’s relatively simple to exchange your CBDC USD for physical goods, and then to trade those physical goods for Bitcoin. One can also sell goods and services directly for Bitcoin, thus leading to a self-contained Bitcoin circular economy.
Because Bitcoin is peer-to-peer and permission-less, no one can stop the widespread buying and selling of goods and services in Bitcoin. The government can stop 100 people, but it cannot stop 100 million people.
CBDCs need to be resisted at all costs. They are not a benign new tech. Instead, they are spy coins that can be used by politicians and central bankers to surveil people and cancel their money if desired.
Unlike Bitcoin, CBDCs will constantly lose purchasing power, since they are just another form of fiat money.
It might make sense to buy some Bitcoin before the digital prison of CBDCs is rolled out.
Having Bitcoin will also give you access to Bitcoin-friendly jurisdictions, which will attract smart people and capital.
Not investment advice! Consult a financial advisor.
China’s Progress Towards a Central Bank Digital Currency:
https://www.csis.org/blogs/new-perspectives-asia/chinas-progress-towards-central-bank-digital-currency
Powell: Congress to Receive Guidance from Federal Reserve on CBDC:
https://decrypt.co/103772/powell-congress-to-receive-guidance-from-federal-reserve-on-cbdc
Argentina and capital flight into the USD:
https://www.bloomberg.com/news/articles/2021-11-25/argentina-limits-banks-daily-holdings-of-cash-in-dollars#xj4y7vzkg
Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#cbdc
#fed
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
CBDCs and the Long-Term Advancement of Financial Stability – Nicolas Xuan-Yi Yang – #CryptoEconSys20
CBDCs and the Long-Term Advancement of Financial Stability – Nicolas Xuan-Yi Yang – #CryptoEconSys20
Part of the “Theories of Digital Money” session at Cryptoeconomic Systems ’20 Conference: https://cryptoeconomicsystems.pubpub.org/ces20-program
Central Bank Digital Currencies and the Long-Term Advancement of Financial Stability.
Jeremy Ney (MIT Digital Currency Initiative), Nicolas Xuan-Yi Zhang (MIT – Institute for Data, Systems, and Society)
Paper PDF: https://assets.pubpub.org/la7h52pu/41581339058679.pdf
Cryptoeconomic Systems is a forthcoming journal published by The MIT Press exploring the interdisciplinary domain of cryptocurrency and blockchain technology.
https://cryptoeconomic.systems
EVIDENCE….The Transition Has Started….(CBDC)
EVIDENCE….The Transition Has Started….(CBDC). There has been talks of CBDC’s rolling out and paper money going away completely. Well, we may very well be seeing the initial roll out of a digital currency system RIGHT NOW. So in this video we breakdown some recent events that are currently contributing to a future cashless society through the implementation of a CBDC…
Full Episode:
https://youtu.be/zCg5qU_pMxA
Source Material:
https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2021/05/11/paying-with-cash-retailers-must-take-your-dollars-in-these-states
https://www.cnbc.com/2019/01/15/more-americans-say-they-dont-carry-cash.html
https://www.forbes.com/advisor/business/credit-card-processing-fees/#:~:text=The%20average%20credit%20card%20processing,merchant%20do%20to%20minimize%20them%3F
https://www.weforum.org/agenda/2020/01/benefits-cashless-society-mobile-payments/
https://twitter.com/wef/status/1496164141207375875?lang=en
https://www.weforum.org/organizations/visa-usa-inc
https://www.atlanticcouncil.org/cbdctracker/#:~:text=Jamaica%20is%20the%20latest%20country,double%20the%20number%20from%202021
Video Credit:
Chief Producer: Nick Redding
Writer: Sam Kwak
Writer: Daniel Kwak
Writer: Brandon Rowell
Editor : Jonathan Alipio
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—DISCLAIMER— The suggestions, advice, and/or opinions that are given by Sam Kwak and Daniel Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold The Kwak Brothers and its brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.