How Fedcoin, the token backed by assets of the private company called The Federal Reserve, will become a major cryptocurrency

in #fedcoin7 years ago

the speculation that The Federal Reserve will put out a coin called FedCoin is probably dead on except the severity of how this will come about is not being analyzed. I have long predicted that there will be a break away in society from people in crypto and people stuck in fiat to the point where adoption will not be a choice really. Imagine the future where the fiat scheme is coming to an end and the phase out is hidden from the public using classic fear mongering until finally the dollar crashes leaving millions with nothing. At that point, The Federal Reserve will announce that it is a private company that has created a blockchain with a cryptocurrency that is backed by the assets this company owns which now is pretty much everything in america including land and resources plus so much more. The debt will be washed and people will receive FedCoin in exchange for their notes of debt to the Fed otherwise known as United States Dollars. You will have to eyescan and thumb scan to make this exchange. This is all speculation but I keep my eyes open to see the signs and in a recent white paper on a new blockchain idea I saw the symbol for the federal reserve in the company business relationship section. I don't remember ever seeing this symbol used in reference to the federal reserve. Is it the beginning of them showing their cards? Did they dupe us by printing a coin that has no value, then buy up all the property and resources in the U.S.? Is this the greatest ponzi scheme of all time? Why is a private company in control of the money supply in the U.S.? fedreserve logo.JPG

Sort:  

Congratulations @gammarat! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemitBoard Ranking update - Resteem and Resteemed added

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @gammarat! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemFest⁴ commemorative badge refactored
Vote for @Steemitboard as a witness to get one more award and increased upvotes!