Texas bill proposes state-issued gold-backed digital currency - Insider Paper
Lawmakers in the United States are proposing bills that oppose the development of a central bank digital currency (CBDC) based on the U.S.
https://insiderpaper.com/texas-bill-proposes-state-issued-gold-backed-digital-currency/
US LEGAL resident alien, WWG1WGA, Out of Darkness into Light. Tallyho!!
Still digital - what happens when Starlink goes down - again?
Does its platform have a back door?
Who has the key?
What about power outages during hurricanes, floods etc
Rainbow currency, with the face value of gold embedded in it, gives choice (stash it where YOU want) and security, always be available when YOU want.
What do you bet, you will only be able to have so much hard currency out of your account at any one time, despite their say so on 'gold backed'.
Regardless of who issues that, digital, does-not-exist-in-our-reality, token, the platform will be the same one everyone else uses - ie MASSIVE power in the hands of those who oversee it
When will we learn, centralization - BAD.
Convenient, but BAD.
Decentralization gives choice, spreads the power, giving no one entity the right to dictate.
We have to get away from 'convenience' being the be all and end all...
Sovereignty, and freedom are not convenient states, but slavery is - for them.
WWG1WGA, TRUMP2020+ Proud Army Colonel's Daughter, LOVE GOD, My Family and My Country!
FAITH!
ARMY MEDIC VET 7 YRS KOREA 3 TOURS OATH NEVER EXPIRES US TREASURY IRS 78 79 RESIGNED WHEN I REALIZED THE CORRUPTION WWGIWGA 1111 Q Z
ITS HERE AND ITS REAL
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FAMILY IS EVERYTHING ✨ WWG1WGA-WORLDWIDE #GodWins 💫💖✨🕊️🙏 🕊️✨ 💖 💫 ⚔️Telegram https://t.me/BigDaddysLightWarrior
Are you ready for Honkamania brudder? People do not think, they LARP as free thinkers though. Full Offense is a go
Sounds a lil like fresh bs to me. "state issued" so i guess the swamp is all clear in Texas and nothing could go wrong? In the end, dig currency is just all numbers on a screen.
I have done much work in Texas and one thing I know is, I am glad I do not live there.
I am a Information Treasure Hunter. I was sent to earth to teach Love and Kindness
Texas is like its own world.
I try to boycott Texas when driving across the map.
I wish more Americans could take a trip across America so they could see for themselves how much open land there is.
and how each state is another country.
Rules and demeanor
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Doing my part in helping restore freedom to America while kicking evil in the ass. Guided by God the Father, Jesus Christ & my ancestors!
The puzzle pieces are falling into place
...take me back to the start
I was just guessing at numbers and figures
Pulling the puzzles apart
Questions of science, science and progress
Do not speak as loud as my heart
But tell me you love me, come back and haunt me
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I love you Doc
VK on Twitter at 6:17 PM ET.
https://twitter.com/VincentCrypt46/status/1644464326219112450?s=20
FAMILY is all in your heart. GOD IS ALMIGHTY IN ALL. MY "TIME" HAS COME NOW. A Texan by state. Member since 2021
This does mean that we could redeem, at any given time, digital for gold...for our keeping or spending, right?
KeK
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Nana, Direct Internal connection to God, WWG1WWA, MAGA, Angels are here already #FightLikeGodIsBesideYou
Nana. understands from Juan O Savin that constitutional money is Gold and Silver coins, and I understand XRP and XLM replacing the Swift System for moving money.
Asset backed or not there has to be a digital way to move money around, I get that too.
Maybe school Nana on how a the actual asset can be digitally tied to the digital currency in a way that our digital currency can't be taken away or turned off?
With gold and silver coinage it is a physical thing you can hold in your hand, but for large amounts that is not physically possible either so what banking or other mechanism to assure you have access to your coinage?
Remember please Asset Backed Currency 101 for Dummies.
Assume I Know nothing.
Ppl need some schooling and hence forth some direction and calming on this about now please and thank you.
We have newbies all the time.
Trump fan for a long time. Kicked of Twits 3 times, then banned forevs they said. Here to keep up with the latest. Kelpie fan. Christian.
Thanks Nana. I'm new to crypto, and don't know anyone investing in it. I'm pretty much vibing it. This website's series "everything you need to know about......." is helping me. Lots of good information on this site.
Check out XDC for gold backed tokens
https://www.securities.io/investing-in-xinfin-network-xdc-everything-you-need-to-know/
Investing In XinFin Network (XDC) - Everything You Need to Know - Securities.io
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Patriot and light holder wishing Love for all of humanity. Organic farmer. WWG1WGA
I am having to change my feelings about money as something to cling to. At the moment I understand the need to insure what little I may have with something because it was always removed somehow. When this is past, I pray there will be no need to fight to keep a little. There will be such abundance for everyone and it won’t be taken away.
Q follower Arizona #KAG Patriot who loves God and Country #MAGA Trump/JFKJr 2020 #SaveTheChildren Evil Won't Survive in 5D
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Hi VK,
Sounds like Texas and other states are moving to counter the collapse of USD, and also counter CBDC’s. Will they use XRP to assist in implementation?
I still have a big learning curve ahead on digital currency, but, I know it’s the future. I appreciate all of the information and education that you have been providing, under the caveat of *Not a financial advisor, of course.
#TheGreatDefault is not going away. Has a 1776 feel to it. :)
Baby steps, dollar is toast. Won't have a choice soon
I was just coming here to post this article. 😄
KeK
TheY need 2 Help Da People FirsT
NraCan Fooks GettinAng ThEIrs
Alondras With FibrulaTors KeK
Da Real Story….
System Glitched Since Getgo on Day Of…
Website was Down most of dat day…
Most Think It Was A Dog N Pony Show
N only Selected Few Got Picked
for THEY Raquet…
Cause Nobody got a Number on Application
Hypothetically
So#2 applicant Could had gotten same
Determination
And applicant#1 their Applicant
Took All da Funds….
Da More u know……KeK
It is habbening...except in Canada
ARMY MEDIC VET 7 YRS KOREA 3 TOURS OATH NEVER EXPIRES US TREASURY IRS 78 79 RESIGNED WHEN I REALIZED THE CORRUPTION WWGIWGA 1111 Q Z
ITS HABBENIN GOLDDDDDDDD
Pro-Life Christian. Intercessor. Evangelist. Artist. Marine Corps Veteran.
"Gold-backed." Key words to dethrone our fake FIAT papers.
Human, fluoride free, unvax'd since 93, homeschooled g6+, 80%unimployed(20yrs), internet searcher (fitness, health, truth, interestings)
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"They also mentioned that if needed, it is possible to involve a third-party vendor to assist in the implementation of the digital currency."
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I would want the digital currency actually digitally tagged/linked TO a specific piece of gold, not just have that much maintained in trust ...... that is how we got to where we are now.
God, family , truth, love, honor ,gratitude forgiveness. Keep inside the cart it's getting bumpy. God bless you all! #familyiseverything
Most important is redeemable with constitutional coins!
"In practice, individuals would be able to purchase digital currency from the state. The state would then use the money to purchase gold that would be held in the Texas Bullion Depository or another secure vault. Individuals would be able to redeem their digital currency for dollars or gold."
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I can't be sure of this but I thought I saw last week that Utah will now allow you to use actual gold & silver to purchase items. I could be wrong on that.
