Dynadot

discuss Will you accept Central Bank Digital Currency? (CBDC)

Spaceship Spaceship
Watch

Will you accept CBDCs for your domains?

  • This poll is still running and the standings may change.
  • This poll is still running and the standings may change.

DanSanchez

DomainSafe.comTop Member
Impact
3,553
The rumors are correct, governments and central banks around the world are preparing a monetary shift equating to a "New Brettonwoods." There is the Digital Yuan, which is already in circulation and has over 10 million users, Digital Euro, which the ECB announced would be required for the Euro Zone, and the last one being FedCoin, the latest of the bunch with the most obscurity.

Here is the President of the Bank for International Settlements, talking about "having complete control" over the money.

https://mobile.twitter.com/Leve_raged/status/1412928948586127362

Likely a measure to "slow" the coming tsunami of monetary inflation into the real economy. The impact on retail banks, existing debt, and the current denomination of labor/value is unknown, but I think it's important we truly identify some pain points before we land as an industry.

My question to you is, will you accept CBDCs for your domains?

If yes or no, I'm interested to know your perspectives.
 
7
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
The purpose of cryptocurrency is supposed to be decentralised. Otherwise, stay with fiat. The idea that the government are doing a "central bank digital currency", essentially ...they want to draw you back in. In crypto, you are supposed to "own your private key", without the trust of an oracle / 3rd party
 
0
•••
first..I wanna thank all registrars that take or pay in btc..but this now belongs to museum next to the dino

plz I appeal to all registrars to pick one solid stable coin and use it instead of btc.

stablecoins are the evolution of crypto..the next step.. plz friends.. do keep up

ty.
 
3
•••
deleted
 
Last edited:
0
•••
The rumors are correct, governments and central banks around the world are preparing a monetary shift equating to a "New Brettonwoods." There is the Digital Yuan, which is already in circulation and has over 10 million users, Digital Euro, which the ECB announced would be required for the Euro Zone, and the last one being FedCoin, the latest of the bunch with the most obscurity.

Here is the President of the Bank for International Settlements, talking about "having complete control" over the money.

https://mobile.twitter.com/Leve_raged/status/1412928948586127362

Likely a measure to "slow" the coming tsunami of monetary inflation into the real economy. The impact on retail banks, existing debt, and the current denomination of labor/value is unknown, but I think it's important we truly identify some pain points before we land as an industry.

My question to you is, will you accept CBDCs for your domains?

If yes or no, I'm interested to know your perspectives.

I see no reason not to accept any kind of payment



Of course the vast majority of countries treat crypto as property, not currency. Which means any times you sell crypto (for a profit or loss), use crypto to pay for something (for a profit or loss), or receive crypto as payment for something...all of those are taxable events that must be recorded and reported to the IRS on taxes.

as far as I know in Germany Cryptos are treated as currencies when it comes to taxes
means after a holding period of 1 year they are income tax free
- as far as I know


there exist ATM s for BTC

so I guess you are mistaken in a lot of hinsight


How would you explain bitcoin to a five year old?

they are printing dollars and euro and add no value other than paper

there will be never more than 21.000.000 BTC

if that doesn't convince you
a 5 year old will get it




But it doesn't seem so with bitcoin or other crypto currencies unless you can find someone that accepts them and then is able to sell you something you can turn into cash.


BTC is very liquid - you sell it any time - every second

Am I wrong here?

oh yeah
 
Last edited:
0
•••
as far as I know in Germany Cryptos are treated as currencies when it comes to taxes

means after a holding period of 1 year they are income tax free
- as far as I know

there exist ATM s for BTC

so I guess you are mistaken in a lot of hinsight

Everything I stated was correct. In the US, where I reside, crypto is treated as property not a currency.

Any use where a gain (or loss) is made is a taxable event and must be reported (if over a certain threshold).

The reason you see some ATM, even in the US, is that exchanging fiat for crypto is not a taxable event, but any gain via sale or usage is.

https://www.irs.gov/individuals/int...ed-questions-on-virtual-currency-transactions

Q2. How is virtual currency treated for Federal income tax purposes?

A2. Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. For more information on the tax treatment of virtual currency, see Notice 2014-21. For more information on the tax treatment of property transactions, see Publication 544, Sales and Other Dispositions of Assets.


there will be never more than 21.000.000 BTC

if that doesn't convince you
a 5 year old will get it

Rarity does not automatically translate to value, especially when that 21 million can be split up into essentially unlimited pieces.

I could take a shit in a box then take a picture of it and sell it as a 1/1 NFT....Hey, it is rare.

Brad
 
Last edited:
0
•••
Rarity does not automatically translate to value, especially when that 21 million can be split up into essentially unlimited pieces.

true

but in the case of BTC it does

and I really hate to tell you
but BTC acts worldwide

the US laws
won't effect BTC much
 
Last edited:
0
•••
true

but in the case of BTC it does

Yeah, for now. Who knows what the future brings.

There are still risks. Countries could basically regulate it out of existence if they wanted to.
Right now the entire crypto market is less than the market cap of major companies like Apple.

If it ever does get to a point where it starts to hurt the governments fiat dominance, I think you will likely see them take drastic actions.

I do have some holdings, just as a hedge, but I don't think crypto is going to take over the world.

Brad
 
Last edited:
0
•••
true

but in the case of BTC it does

and I really hate to tell you
but BTC acts worldwide

the US laws
won't effect BTC much

What the US does has a lot more relevance around the world that what Germany does. :)

Brad
 
Last edited:
1
•••
Yeah, for now. Who knows what the future brings.

There are still risks. Countries could basically regulate it out of existence if they wanted to.
Right now the entire crypto market is less than the market cap of major companies like Apple.

If it ever does get to a point where it starts to hurt the governments fiat dominance, I think you will see them take drastic action.

I do have some holdings, just as a hedge, but I don't think crypto is going to take over the world.

Brad


yes we can only guess
at the time being

but I see this:
companies adding millions even billions of BTC to their balance sheet
tesla , square and many others

Ecuador is accepting BTC for governmental payments

Countries try to emulate BTC s success


21.000.000 BTC never ever more ..
you -well not you- but me - bet it will go to the moon
 
Last edited:
0
•••
What the US does has a lot more relevance around the world that what Germany does. :)

Brad

yes for now

but not to china aka asia
 
0
•••
yes we can only guess
at the time being

but I see this:
companies adding millions even billions of BTC to their balance sheet
tesla , square and many others

Ecuador is accepting BTC for governmental payments

Countries try to emulate BTC s success


21.000.000 BTC never ever more ..
you bet it will go to the moon

Yeah, yeah...everything is going to the moon.
(Diamond)(Hands)(Rocket)(Moon)

Shitcoins, meme stocks, NFT, etc... That is the type of nonsense you get from pumpers.

Could it go up? Sure. To act like any of this stuff is a guarantee is ridiculous.

Brad
 
Last edited:
0
•••
Yeah, yeah...everything is going to the moon.
(Diamond)(Hands)(Rocket)(Moon)

Shitcoins, meme stocks, NFT, etc... That is the type of nonsense you get from pumpers.

Could it go up? Sure. To act like any of this stuff is a guarantee is ridiculous.

Brad

I'm not talking about warranties
I'm talking about likelyhood

I'm sure you can grasp the concept

all the best to you Brad

PS my name is frank not rob
 
Last edited:
1
•••
I'm not talking about warranties
I'm talking about likelyhood

I'm sure you can grasp the concept

all the best to you Brad

No offense, but any time anyone uses terms like "to the moon" in a non-ironic way when it comes to investments it makes me think of an unsophisticated investor... the type of person that would yell "YOLO" in a non-ironic way before they do something stupid.

I mean people can fall ass backwards into money even while making poorly reasoned decisions, but most of the people saying things like "to the moon" don't know anything about finance in general. They just get their cues by following whatever the crowd is doing on Wall Street Bets and similar pumping sites.

I have seen discussions where people think GameStop stock is going to hit a million a share, or that Apple stock is underpriced because it is trading at $125 a share and Amazon is trading at $3000, completely unaware of things like market cap which factors in outstanding number of shares.

Brad
 
Last edited:
2
•••
Back