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539 sats \ 0 replies \ @blocktock 10 Apr 2023
You couldn't make this sh** up.
https://i.pinimg.com/originals/a4/97/ea/a497ea53b215b48f89cd9c27dcff21d1.jpg
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50 sats \ 0 replies \ @TheBTCManual 11 Apr 2023
New money, same old strategy
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30 sats \ 0 replies \ @orthzar 10 Apr 2023
The IMF clearly didn't do any research before picking the name "Unicoin". There are at least two other currencies that are also called "Unicoin":
- https://unicoin.com/ (active?)
- https://unicoin.s3.amazonaws.com/UniCoin_WP.pdf (dead?)
Supposedly there is a whitepaper for IMF's Unicoin, but I can't find it anywhere. The only thing that mentions a whitepaper is the FAQ, but that's a reference to Bitcoin's whitepaper. Without a technical description, Unicoin could be anything.
Nevertheless, I expect Unicoin to use a central database to resolve transactions, but it will include some way to transact offline (cf. this page shows the bluetooth symbol between two phones). Also on that front-page, there is this gibberish:
It would probably be redundant to predict that Unicoin is pre-mined. Because there is no indication is uses any mining algorithm. The only way Unicoin will get into circulation will be through purchases from the IMF. Which means Unicoin is, at the very least, a way for the IMF to get a fresh injection of fiat.
inb4 the US gets mad at the IMF and the Unicoin project shuts down, leaving thousands of people with nothing more than worthless phone apps.
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103 sats \ 1 reply \ @sudonaka 11 Apr 2023
IMF announces new money printer
With
“-annual asset pricing targets,”
Which means completely arbitrary inflation rates: price controls.
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0 sats \ 0 replies \ @kilianbuhn 11 Apr 2023
The fact that they even say ”asset pricing targets” ... it's almost like saying the quiet part out loud 🤐🤐🤐
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110 sats \ 0 replies \ @duvel 11 Apr 2023
I don't see anything mentioned on the IMF website.
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20 sats \ 2 replies \ @nout 11 Apr 2023
"UMU is specifically designed to support central banking and regulated financial institutions. It utilizes a staked proof of trust (SPOT) consensus protocol, along with a “multi-dimensional DLT (mDLT) capable of supporting any asset or liability ledger enabling full-service digital banking and international trade payments.”"
ffs
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128 sats \ 0 replies \ @jgbtc 11 Apr 2023
A new language has emerged: Shitcoinese
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10 sats \ 0 replies \ @xz 11 Apr 2023
full-service huh..
specially designed..
wow, this must be sth incredible.
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1 sat \ 0 replies \ @chungkingexpress 11 Apr 2023
Is this a joke?
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0 sats \ 0 replies \ @niftynei 16 Apr 2023
Facebook was before its time (Diem/Libra)
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0 sats \ 0 replies \ @jerrybature 15 Apr 2023
Only thieves and robbers create and weaponize CBDC. I think the people in IMF are so dumb. They just can't stand Bitcoin and it's philosophy.
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0 sats \ 0 replies \ @kilianbuhn 11 Apr 2023
Nothing burger and clickbait title?
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0 sats \ 0 replies \ @Majjin 11 Apr 2023
Sounds like shitcoin from 2017 lmao
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0 sats \ 0 replies \ @faithandcredit 11 Apr 2023
I really expected more of them
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0 sats \ 0 replies \ @_b_o_n_e_s_ 11 Apr 2023
Are they trying to go for some nice UwU branding or something
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0 sats \ 0 replies \ @eduardopro 11 Apr 2023
LOL!
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0 sats \ 0 replies \ @0307f7a920 17 Apr 2023 freebie
It seems highly unlikely that the IMF would willingly create a new currency that directly competes with the established fiat system, which has long been the foundation of the elite's wealth and power. Introducing a new digital asset could lead to a significant decrease in the value of traditional assets, undermining the very institutions and individuals that the IMF serves. Instead of developing a genuine digital asset, it is more plausible that the IMF would attempt to consolidate the current banking system by creating a single, unified ledger to replace the numerous private bank ledgers that currently exist. This approach would allow them to maintain control over the global financial landscape while only superficially embracing the digital revolution, ensuring that the traditional power structures remain intact and the wealth of the elite is preserved.
0 sats \ 0 replies \ @03e7cefcc9 11 Apr 2023 freebie
CBDC ohh CBDC, get so long soon