4 ms·

Federal Reserve's FedNow Will Integrate with Metal Blockchain

17 points by momentmaker 3y ago

therockspush 3y ago
This is being considered a precursor to the CBDC. States coming out against this(NC, SD, FL) are fighting this in the name of american freedom, but I wonder how many people consider it the mark of the beast.
- deleted 3y ago
  [deleted]
- flangola7 3y ago
  The mark of the beast?
  - krapp 3y ago
    There's a part in the Biblical Book of Revelations dealing with prophecies of the end times and coming of the Antichrist that describes the government that will be set up under the Antichrist's rule. The "Mark of the Beast" is a sign or seal that will be placed on peoples' hand or head, and no one will be able to buy or sell goods without that sign. Throughout history, just about every new technology related to money or identity, from the serial numbers on dollar bills to social security numbers to RFID chips (to of course secret microchips in vaccines,) has been interpreted by fringe Christians as being the Mark of the Beast. Of course they're always wrong, because Revelations was about Nero Caesar, but that never stops them.
fwungy 3y ago
Even the Bible called for Jubilee years when all debts were forgiven. In the modern paradigm we are all slaves to whomever controls the currency, and there is no off-ramp.
- imtringued 3y ago
  We have jubilee years in the form of bankruptcy laws.
hbcondo714 3y ago
Here's the PR the article is refering to: https://metalblockchain.org/news-insights/metal-blockchain-announces-connectivity-to-fednow https://metalblockchain.org/news-insights/metal-blockchain-a...
daydream 3y ago
This is very unexpected - why would fednow integrate with some random blockchain? And the PR article liked by hbcondo714 is now a 404. What gives?
- duskwuff 3y ago
  "Metal Blockchain" is actually an Ethereum token which was launched last September, and whose price rapidly declined from ~$1.60 to ~$0.05: https://coinmarketcap.com/currencies/metal-blockchain/ https://coinmarketcap.com/currencies/metal-blockchain/ Given that history, I wouldn't be surprised at all if this press release was partially or entirely fabricated in an attempt to "pump" prices of the token.
- deleted 3y ago
  [deleted]
amadeuspagel 3y ago
This seems worded to imply, with plausible deniability, that the Fed is taking "metal blockchain" seriously, and is integrating FedNow with it, whatever that means. But the only source is a press release by "Metal BLockchain". "FedNow will integrate with Metal Blockchain" is a sentence in the active voice, and FedNow is the subject. So what are they doing? Where's their press release?
- imtringued 3y ago
  There is no press release and they are not listed as a FedNow service provider.

17 points by momentmaker 3y ago

This is being considered a precursor to the CBDC. States coming out against this(NC, SD, FL) are fighting this in the name of american freedom, but I wonder how many people consider it the mark of the beast.

deleted 3y ago
[deleted]
flangola7 3y ago
The mark of the beast?
- krapp 3y ago
  There's a part in the Biblical Book of Revelations dealing with prophecies of the end times and coming of the Antichrist that describes the government that will be set up under the Antichrist's rule. The "Mark of the Beast" is a sign or seal that will be placed on peoples' hand or head, and no one will be able to buy or sell goods without that sign. Throughout history, just about every new technology related to money or identity, from the serial numbers on dollar bills to social security numbers to RFID chips (to of course secret microchips in vaccines,) has been interpreted by fringe Christians as being the Mark of the Beast. Of course they're always wrong, because Revelations was about Nero Caesar, but that never stops them.

fwungy 3y ago

Even the Bible called for Jubilee years when all debts were forgiven. In the modern paradigm we are all slaves to whomever controls the currency, and there is no off-ramp.

imtringued 3y ago
We have jubilee years in the form of bankruptcy laws.

hbcondo714 3y ago

Here's the PR the article is refering to: https://metalblockchain.org/news-insights/metal-blockchain-announces-connectivity-to-fednow https://metalblockchain.org/news-insights/metal-blockchain-a...

daydream 3y ago

This is very unexpected - why would fednow integrate with some random blockchain? And the PR article liked by hbcondo714 is now a 404. What gives?

duskwuff 3y ago
"Metal Blockchain" is actually an Ethereum token which was launched last September, and whose price rapidly declined from ~$1.60 to ~$0.05: https://coinmarketcap.com/currencies/metal-blockchain/ https://coinmarketcap.com/currencies/metal-blockchain/ Given that history, I wouldn't be surprised at all if this press release was partially or entirely fabricated in an attempt to "pump" prices of the token.
deleted 3y ago
[deleted]

amadeuspagel 3y ago

This seems worded to imply, with plausible deniability, that the Fed is taking "metal blockchain" seriously, and is integrating FedNow with it, whatever that means. But the only source is a press release by "Metal BLockchain". "FedNow will integrate with Metal Blockchain" is a sentence in the active voice, and FedNow is the subject. So what are they doing? Where's their press release?

imtringued 3y ago
There is no press release and they are not listed as a FedNow service provider.