18 Comments
User's avatar
Dave Wise (Neoteric Wood Art)'s avatar

A currency backed by nothing tangible and only exists so long as there is electricity, computers and a functioning internet, all of which would disappear the instant any of these systems break down, sounds great! What could possibly go right?

Jimmy's avatar

All fiat has collapsed, always due to irresponsible spending, borrowing and issuance of whatever it’s called. Cheese is gold.

Isla Ness's avatar

Our future is brighter than ever. I would say... What could possibly go wrong? 😜

Stone Bryson's avatar

Cheese would BE more 'stable' than the dollar at this point!

[And that 'stablecoin' bill is very alarming...]

Rat's avatar

NPCNN.

(not my invention, found somewhere on the internet)

Should we switch to Β«msNPCΒ»?

Tardigrade's avatar

I thought they were rival networks?

Rat's avatar

yes, but they seem to compete who would produce more of the same

tecolote42's avatar

The Constitution also contains a β€œdomestic emoluments clause” (Article II, Section 1, Paragraph 7), which prohibits the president from receiving any β€œEmolument” from the federal government or the states beyond β€œa Compensation” for his β€œServices” as chief executive.

Jimmy's avatar

Hmmm my queso’s based on the pesoπŸ‡²πŸ‡½

the long warred's avatar

It’s a technology we’re calling money.

I think it’s pictures of prettiest tulip 🌷 bulb ever without pesky tulip.

TBH clearly these assholes are going to gamble or vice away their money on something, so it might as well be this as opposed to drugs, prostitutes, pornography… it’s like video games.

You are a child in a man’s body, but at least you’re not overwhelming the system with crime and medical bills.

Rat's avatar

Haha, Β«pictures of tulipsΒ» is a great analogy.

Tardigrade's avatar

We could also use pictures of dead presidents.

the long warred's avatar

It’s not really anymore

These assholes are going to end up eating garbage and cursing that fate made them free.

Stephen Rowland's avatar

Rat, it is like this,” We give cheese for coin in order to buy more cheese.”

Charles Summers's avatar

Isn’t the evil CBDC just the final destination of the trip we have already 90% completed? This is already WAY not good. What’s the difference between bitcoins and debit cards?

Tardigrade's avatar

I'm so clueless. On first reading, I thought, "stablecoin" was an invention of Rat, because, you know, horses. Then I read the linked article…