Discover and read the best of Twitter Threads about #cbdc

Most recents (24)

I've decided to come out the closet officially..
It really hit me hard when the exploit happened with @HavenXHV $XHV
I've been very patient & observing what is happening.
After todays announcement, it really shows, that $XHV is here to stay & taken righteous steps forward.
There is still a lot to prove, a lot on their shoulders, a lot on the shoulders of all the community that has supported them in the face of such a black hole of adversity.
Although, if it matters to anyone, I am more confident then ever in the project.
This isn't about anyone who currently holds $XHV or $xUSD, this is about the world. This is a real war with the #CBDC & realizing this protocol & handful of others, could be the only things left standing one day, due to #privacy.....
Read 10 tweets
The fundamental design choice for a #CBDC is the architecture: what is the operational role of the central bank and the private sector?

ideas.repec.org/p/bis/biswps/9…

In the “Direct” model, the central bank takes a substantial operational role: the CBDC represents a… (1/6) Image
direct claim on the central bank, which maintains retail accounts and executes all payments.

The “Hybrid” architecture we introduce is an intermediate solution. A CBDC represents a direct claim on the central bank. Private sector intermediaries handle payments, but…(2/6)
the central bank retains a copy of all retail CBDC holdings. This allows it to transfer retail CBDC holdings from one PSP to another in the event of a technical failure.

Some central banks might shy away from running a record of all retail data,…(3/6)
Read 6 tweets
#eRUPI #UPI Vouchers for benefits is a radical departure from #DBT. Purpose and person aware #G2P payments are here. #SaveOurPrivacy
en.m.wikipedia.org/wiki/Ration_st… is digitized food stamps, but crucial digitization difference is it converts a bearer instrument like stamp / coupon into a person / purpose specific instrument, embedding automatic data emission about beneficiary upon use.
The naming of this is curious. When countries around the world are discussing #CBDC / issuing new digital currency, naming a private payment instrument #eRUPI is sign of things to come (?). One can only speculate at the moment.
Read 17 tweets
What key 8 difference between permissioned #blockchain #setcoin & public blockchain #bitcoin?
Check the thread 🧵 👇

#investing #Finance #finanstwitter #cryptotrading #cryptocurrencies #cryptocurrency #cryptoart #defi #altcoin #CryptoNews #ethereum #Dodgers Image
1. #ESG Compatible with limited energy usage to deploy and run ledgers and nodes.
2. #Scalability: much faster validation, and transaction execution;
3. Generating income from real sector #assets;
Next 👇

#fintech #banking #cbdc #CryptoTownEU #DigitalCurrency #NFTgaming
4. Advanced #identity system for #digital #assets owners #validation;
5. Facilitating #green & #cycling economy transition
6. Diversification between income of green buildings, #renewables, #smartcities, #agtech, vertical farming, technology sector private equity assets
Next 👇
Read 10 tweets
Let's pick out a few key points of the #COVID19 coup

The State should mobilize ALL digital means of control IN PERPETUITY so, should it decide you need to avail yourselves of some 'safety measure', it can 'locate you w/out delay & provide you with "assistance"' 1/n
Such "assistance" can be 'extremely finely targeted - eg, by exploiting #genetic data & #medicalrecords'
Backing this up, you'll be self-reporting your status in real-time via 'connected objects' & imaging cameras allowing #PreCrime - sorry - 'preventative intervention' 2/n
'Teams' can be 'positioned' to isolate people using smartphone tracking.
'Control - if necessary accompanied by sanction' is 'precisely where digital technology' is the 'most EFFICIENT'!
Efficient in the manner that whips, clubs & attack-dogs are 'efficient'.
#COVID19(33) 3/n
Read 16 tweets
Huge news: pboc white paper on china’s #cbdc just out! Expect a big thread after I’ve had enough coffee to read and process it…
pbc.gov.cn/WZWSREL2dvdXRv…
1/biggest deal in here is confirmation that foreigners can use the digital RMB in CN. Not sure whether they can leave the country with eCNY still in wallet...

Also confirmed major eCNY use at Beijing Olympics with digital wallets, wearable payments tools built into outfits, etc.
2/PBOC reveals stark decline of cash & cards for payments: bank cards used in only 7% of transactions, cash 23%, and mobile payments a whopping 66% (full stats only in Mandarin version)

YET: physical cash stays. Promises never to eliminate it, as long as there is demand
Read 9 tweets
$QNT is literally the only one in green on the market.

It’s not just because of the #Coinbase listing because they have listed others as well ( $SOL, $CHZ, $AMP, $DOT etc.) just recently and they are all red.

So why is it?

Read below⬇️
Everything $QNT has been developing for years is coming out in following weeks and months through multiple releases and their technology has been implemented on the top level. Not any level.
I really mean very top level!
Read this thread⬇️
Unlike others, $QNT will never have problems with regulations:

✔️ it operates strictly under FINMA compliance and regulation (they got approval even before Sygnum and Libra).

✔️CEO is also the founder of ISO TC307 #blockchain standard which 57 countries are working towards.
Read 10 tweets
I have been warning for ~4 years that this was the ultimate goal.

Rule One of modern politics is that if #Technology empowers servitude, #surveillance, or social engineering those in power will seek to exploit it.

#bankofengland sees #CBDC as a tool: #socialcredit +#NetZero
You @SteveBakerHW @DesmondSwayne @DavidDavisMP @Mark_J_Harper @SirGrahamBrady @Fox_Claire are valiantly resisting vxxne passes, but are you alert to this, much more overarching, more intimately intrusive horror?
ALL to be watched, weighed, tracked, traced, rationed, restricted?
The shorthand I use is #Sinification: what #XiJinping’s #CCP did in #China yesterday, his proselytes & admirers -like #KlausSchwab- promote today, Big Tech, Pharma & Finance offer to enable tomorrow & YOUR government plans to introduce -on some pretext or other- the day after.
Read 7 tweets
Web sitem yayına hazır: celilozturk.com

Yazılarımı blog sayfamda güncel olarak takip edebilirsiniz.

Bu #Flood altında yazılarımı ve sitede "Kaynaklar" kısmına ekleyeceğim "kriptoparalar" ve "blokzincir teknolojileri" ile ilgili yararlı kaynakları takip edebilirsiniz.
2. Blog sayfasında: yazılarım yer alacak,

Kaynaklar sayfasında;
- Kriptoparalar,
- Akıllı sözleşme geliştirme,
- Akıllı sözleşme güvenliği,
- Yararlı Bültenler ( @LibraryDefi @kripto_kurator @BanklessHQ gibi)

gibi başlıklar altında yararlı kaynaklar olacak ve güncellenecek.
3. “Big Brother is Watching Blockchain: Blockchain Gözetim Pazarı"

- Blokzincir gözetimi neden önemli?
- Blokzincir gözetim pazarı neden hızlı bir şekilde büyüyor?
- Gizlilik açısından yansımaları neler?

#Privacy #Blockchain #Analysis
celilozturk.com/big-brother-is…
Read 22 tweets
@Halsrethink Bill is however subject to the 'productivity' fallacy of interest rates. That the natural rate is low because we supposedly have nothing worth investing in and hence funnelling money into (usually poorly managed) public projects would help raise it.
@Halsrethink Contra that, there are many obvious instances of the misuse of too much too easy credit in so many fields. It also overlooks that genuine productivity gains may be limited because 'hurdle' rates have been elevated by all manner of govt interventions - hardly to be cured by more!
@Halsrethink We're in a bifurcated world where the sabotage of capital markets has (a) prevented creative destruction of zombies and (b) promoted 'destructive creation'™️ of Unicorns, as well as layering debt upon debt to strip 'cash-out' gains for PE/SPAC Ichneumon parasites
Read 7 tweets
A thread on $pundix

It's the only crypto licensed & regulated by Monetary Authority of Singapore.

$btc $eth $xrp $xlm $ada $dot $eos $xtz $bnb $neo $doge $hot $link $ankr $enj $btt $sc $sxp $sol $ltc $comp $vet $slp $reef $cake Image
When SEC/other countries enacts regulations on crypto $pundix will be the only one left. MAS license is a gold standard of banking/payment license worldwide. Ripple and Coinbase applied and still dont have it.
This is the Fujian Landi APOS A8 running on @PundiXLabs #XPOS operating system piloting Chinese CBDC.
4. Fujian Landi company is a subsidiary of @ingenico which is a Pundi partner $pundix Image
Read 7 tweets
MORE FED COMMENTS ABOUT #stablecoins. Watch this space--putting pieces together, Fed action is coming:
federalreserve.gov/newsevents/spe… #Consensus2021
"Depending on underlying arrangements, some may expose consumers and businesses to risk. If widely adopted, #stablecoins could serve as the basis of an alternative payments system oriented around new private forms of money."
"Given the network externalities associated w/ achieving scale in payments, there is a risk that the widespread use of private monies for consumer payments could fragment parts of the U.S. payment system in ways that impose burdens and raise costs for households and businesses."
Read 11 tweets
Countries are working on their own #DigitalCurrency. "Having a centralized digital currency seems like a more soft-touch way of introducing cryptocurrencies into society." this serves #BTC's price and ideology.
As of 2016, over 24 countries are investing in distributed ledger technologies (DLT) with $1.4bn in investments. In addition, over 90 central banks are engaged in DLT discussions, including implications of a central bank-issued digital currency. en.wikipedia.org/wiki/Digital_c…
Innovators like Ecuador, China, Senegal, Singapore, Tunisia, though these countries will not be standing alone for long with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies. bit.ly/3t4JkZA
Read 12 tweets
Below @WSJ @jamestareddy released an article on #China #DigitalCurrency . Check out our Head of Asia Pacific, Grant Wilson's blogs on our Substack - Money: Inside and Out - on the subject (THEAD). Subscribe to our Substack at pinned tweet 📌#CBDC
China's digital currency is a game changer (Part 1).
moneyinsideout.exantedata.com/p/chinas-digit…
China's digital currency is a game changer (Part 2).
"We have received an enormous amount of feedback on China's digital currency project since January. We will be writing each month here as a consequence."
moneyinsideout.exantedata.com/p/chinas-digit…
Read 4 tweets
Tayland’ın ulusal para birimi Tayland Bahtı'na sabitlenmiş kripto para birimi THT hakkında geçtiğimiz günlerde sert bir uyarı yayınlayan Tayland Merkez Bankası bu yıl sabit parada regülasyona gitmeyi planladığını duyurdu.
#BlockchainNews #bfmedia #CBDC
Tayland Merkez Bankası (BOT) Başkan Yardımcısı Siritida Panomwon Na Ayudhya, yeni nesil finansal hizmetlere yol açan hızlı teknolojik gelişmelere dikkat çekti.
Ayudhya gelişmelerin finansal sektörde #blokzincir ve dağıtık defter teknolojisinin (#DLT) benimsenmesinin yanında dijital varlık alanında borsa veya yatırım aracı olarak kullanılması amaçlanan kriptolar da dahil olmak üzere dijital paraların geliştirilmesini içerdiğini belirtti.
Read 8 tweets
Scorched earth crypto legislation through enforcement is likely the worse US regulatory policy error ever made. As cash becomes CBDC, we'll make any value transferable as a currency, to be denominated in fiat of user's choice, meaning fiat no longer needed
Fiat's primary draw is two-fold:
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.

#P2PEconomy addresses 1), leaving only 2 as a use for cash
Those skilled in arts of wealth maintenance, investment mgmt realize that fiat is the most expensive asset to hold. It's:
1) Taxed the highest
2) debased the most (inflation)
3) has the lowest returns
Why hold fiat cash when you can spend assets/commodities directly via VeDeFi?
Read 8 tweets
1. Hello all! @FantomFDN made a presentation on UN, for ITU (International Telecommunication Union), and this is just a guess but it was also probably about smart cities.

This is going to be a thread about how this can work in real life for traffic! Let's start!

$ftm Image
2. People living in big cities know that traffic is a huge problem. When there is an intersection, we put traffic signs/lights in order to avoid collusions.

In a 4-leg intersection, there are 32 conflict points. Image
3. The more conflict points there are, the more waiting time in signalized intersection.

But don't forget that traffic lights are just a communication language for the drivers, and the language has only 3 sentences.

🔴 Don't go
🟡 Almost Ready
🟢 You can go
Read 14 tweets
1/17. A few key takeaways from this fascinating book, Layered Money by @timevalueofbtc
THREAD
2/17. Examples of monetary “layers” :
- first-layer money : a gold coin held in a vault
- second-layer money : a gold certificate, printed and circulated instead of the gold coin
3/17. Features of layered monies :
- first-layer money : final settlement
- second-layer money : IOU, counterparty risk

“Each layer represents a side of somebody’s balance sheet”
Read 17 tweets
1/ @quant_network is here to build that foundational layer on which others can build and create value on, they’re here to (inter)connect large ecosystems / networks that may be national, regional or corporate, finance or health related. They’re here to change your future. $QNT
2/ Yes, their focus is mostly on #Enterprise at this moment, as that’s where mass adoption is taking place. People using #Quant products without knowing they do so, that being #CBDC’s or other #DigitalAssets. They’ve been building silently, to unveil a work of art.
3/ But they’re here to open up the technology to anyone who’s willing to learn and put it in the effort. Yes, this is aimed at the $BTC, $ETH, $XRP, $AVAX, $DAG, $DOT, $ALBT, etc developers. Anyone is welcome to create a connector (due H1).
Read 4 tweets
Cryptocurrencies Thread
$BTC $XRP $XLM $ADA $VET #cryptocurrencies #cryptotwitter Image
$XLM #Stellar "to bank the unbanked population as well as to compete directly with the likes of SWIFT and Ripple in the space of cross-border transactions." Image
$XLM #Stellar Partnerships, Integrations, And Collaborations:
IBM, Smartlands, Stripe, HTC Exodus, Franklin Templeton, Wirex, Baracoin, Novatti Group, Saldo, Tempo, Bitbond, SureRemit, .... more
Read 24 tweets
THREAD: Me, after having correctly predicted that this was what they were aiming at. #CBDC is #NIRP for the masses plus end of deposit insurance schemes.(/) @Halsrethink @nglinsman @jeuasommenulle @AlessandroPonz4 @amlivemon @chigrl @DiMartinoBooth
But, there is a scary thing. as of now, deposit insurance is 100 K EUR per head per bank. covering the first 3k though #CBDC is so measly that it's ominous.(/)
My original post ( ) surmised negative rates on CBDC, making it not a currency, but I thought the maximum allowable before paying #NIRP would either have been zero or 100 k per head. (/)
Read 6 tweets
In the 2021's first issue of #Cantillon Effects, we discussed the #inflation which now pervades our lives: not just the narrow, disputed one relating to goods prices, but the inflation of rhetoric, passions, tribalism & despotism.

Over this thread, we'll present our case:-
1/x
Replacing the "public square" with the "cyber swarm" has not been conducive to reason or civility, for all that it has opened up new possibilities of disseminating news and opinion.
2/x
The #stakeholder capitalism being built while we're confined to quarters is a world where, we're glibly assured, " you will (truly) own nothing - the #centralbank will ensure your fake asset's notional price is misleadingly high - and you'll be happy!" Really?
3/x
Read 8 tweets
#CBDC Thread:I participated in the online questionnaire, in the perfect knowledge that it was a complete and utter waste of time. They were going at it full speed, and no word from peasants would stop them.(/)
(ht @pietercleppe )
First, they claimed that there was "market demand". As far as I know only professionals know even what that is, divided in two camps:
1 #Fintech seeing a business offering services to intermediaries, on the bandwagon of regulatory mandates;(/)
2 Banks, worried that they may lose their deposit base.

customers dont' know and WON'T know. #CBDC won't be anonymously tranferrable, it will be as cumbersome as a credit card, and for the life of me my wife won't see the difference.(/)
Read 4 tweets
2020 was an unprecedented year for the world and for crypto.
Before we fully plunge into 2021, let me share a brief recap of the major industry events of the past year and the lessons learned.

Thread below 👉
1/ Bitcoin's Big Year: 2020 was a rollercoaster year for #Bitcoin. We experienced halving, extreme lows on Black Thursday, followed by a robust recovery📈that led us to a parabolic rally and high volatility still going on today.
2/ DeFi Summer: This year was an insane frenzy of action for #DeFi as new protocols and yield farming initiatives were announced seemingly every week. By end 2020, TVL (total value locked) in DeFi grew more than 23-fold from under $700M to $15B.
Read 12 tweets

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