US banks test digital dollar token

[MKTrader]

You are welcome! Have you noticed they didn't use your shitty Bitcoin? Instead they invented a new better token.

Which Lost More — Federal Reserve Notes or Tokens of FTX? (nysun.com)
The Sun points out he depreciated his currency no worse than the Fed has gutted the dollar. He just did it faster. From September 2021 when FTX was valued at 1/23rd of an ounce of gold it has a plummeted to 1/1109th of an ounce, losing 98% of its value. Since August 1971 when the US dollar was worth 1/35 ounce of gold the dollar has sunk to 1/1774th ounce, a loss of — wait for it — 98%. Granted, SBF is a soy boy fraud, but he did nothing more or less than banks have been doing since inception, i.e., converting depositors funds to their own use for betting purposes.

 

[Overnight]

Which Lost More — Federal Reserve Notes or Tokens of FTX? (nysun.com)
The Sun points out he depreciated his currency no worse than the Fed has gutted the dollar. He just did it faster. From September 2021 when FTX was valued at 1/23rd of an ounce of gold it has a plummeted to 1/1109th of an ounce, losing 98% of its value...

Two questions here...

1.) I thought FTX was the company, and FTT was the crypto coin?

2.) How was FTX valued on gold? What baseline was there outside of USD? Oh, that's right, the entire fucking planet values everything against the USD, so what a genius conclusion!


Except, that is not how it works in the real world! Who the fuck cares what FTX did against gold, and what gold did against the USD, which is valued in USD! Last year a $30,000 car will still cost you $30,000 USD today! What on earth is going on in the heads of logical people these days!?

Fiat for the win!

 

[MKTrader]

Two questions here...

1.) I thought FTX was the company, and FTT was the crypto coin?

2.) How was FTX valued on gold? What baseline was there outside of USD? Oh, that's right, the entire fucking planet values everything against the USD, so what a genius conclusion!


Except, that is not how it works in the real world! Who the fuck cares what FTX did against gold, and what gold did against the USD, which is valued in USD! Last year a $30,000 car will still cost you $30,000 USD today! What on earth is going on in the heads of logical people these days!?

Fiat for the win!

1) Yes, I'd correct that but it's too late
2) You completely missed the point. Mindless groupthink for the win!

 

[Overnight]

1) Yes, I'd correct that but it's too late
2) You completely missed the point. Mindless groupthink for the win!

What point did I miss?

 

[MKTrader]

What point did I miss?

For starters, rethink these two things:
"Who cares what FTX did against gold, and what gold did against the USD, which is valued in USD!" It has to do with circles.
"Last year a $30,000 car will still cost you $30,000 USD today" - No year-over-year car inflation? Where do you live?

 

[MKTrader]

they invented a new better token.

Wow, what a pathetic shill.