#FamilyIsEverything. APL = 9.384/10 *Authorized conspiracy theorist *Not an authorized preacher.
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/
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.
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.
Nana, Direct Internal connection to God, WWG1WWA, MAGA, Angels are here already #FightLikeGodIsBesideYou
We have been kept in this debt slavery, fight each day to survive mode for far too long.
We have been in satan's hell matrix all of our lives.
#SlavesNoMore
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
XinFin Network (XDC) combines an open blockchain with permissioned smart contracts geared towards large financial institutions.
https://www.securities.io/investing-in-xinfin-network-xdc-everything-you-need-to-know/
Nana, Direct Internal connection to God, WWG1WWA, MAGA, Angels are here already #FightLikeGodIsBesideYou
OK thanks, I have bought all the XRP I am going to buy and do not plan to buy any cypto, but thanks.
Anyone that wants to or idk if you even still can buy XRP, I would just say make sure to buy from a reputable source because I know ppl that bought from some selling that were just scams and they lost their money right off the bat.
FedNow or govt CBDCs I would never trust or use them. Self custody is how crypto is kept on a digital wallet and you have "the keys" codes, passwords, fingerprint to use it, no one else can.
As for commodities as a digital coin or token. When our currency was gold backed, the dollar was matched to it. If you traveled across America in early days and you didn't want to risk your gold or silver, you'd put it in a bank, the bank gives you a "note" and you turn in that note for your gold in the town you're going to...crypto will basically work like that...plus ones like XRP money can be exchanged and sent across the world in seconds and cost cents....
This is a start, any questions?
QSI Telegram, Education, Quantum STELLAR Financial System, Medbeds, Liberty/Freedom, Checks & Balances, Disclosure, Ascension,💜♾️😇⚡️
Why CBDC's are Not Central Banks - YouTube
A quick clip on the actual role and function of CBDC's (tokenized assets) in the decentralized digital ecosystem. Debunking the popular narrative of a centr...
Nana, Direct Internal connection to God, WWG1WWA, MAGA, Angels are here already #FightLikeGodIsBesideYou
Well so far Nana understands that XRP will be a utility not a coin, and I do like you hold my XRP in an offline hard wallet.
Now idk about how the rest would be set up but for sure we know that minted gold and silver coins are good.
As for the backing idk how they will handle this and Idk if anyone but the Q team does at this point really.
