Loading ...Texas Bill Would Create State-Issued Gold-Backed Digital Currency
Enactment of this legislation would create an option for people to transact business in sound money, set the stage to undermine the Fed’s monopoly on money and create a viable alternative to a CBDC…
https://www.zerohedge.com/markets/texas-bill-would-create-state-issued-gold-backed-digital-currency
Digital currencies of any kind are a curse of the devil himself.
Gold backed Digital Currency is Better than Nothing Backed Fiat Currency
YOU GO Texas
all digital currencies = zero privacy
Only IF you are forced to use it. I don’t assume texas would force it.
Right NOW we have Digital Currencies as it is !!
When you use your card every transaction is recoded. And it’s digital
Your Bank account is digital …They dont hold a stash of cash for you.
Govt has access to all that if they want. IRS and Revenue Canada can have a look aby time they want..without your knowledge if they want
If you don’t like that you use cash.
Exactly.
Heard a radio show guest remark that Wyoming’s moves to support BTC promotes a currency with nothing tangible backing it up. Nobody thought to counter with a challenge to all fiat over the same concern.