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RE: Handing Stablecoins To Banks: The Need For HBD

in LeoFinance3 years ago

We must have been looking into a crystal ball when we designed the #combination draw payouts to only work in HBD. I felt at the time long ago that HBD had a much bigger role to play in the Hive world.
In my conversations with other hive members I have also warned that the establishment will do all in their power to maintain the current status quo, via the regulation threat.
They will dress it up as caring that people don't lose their money and that regulations will also cure the terrorist financing threat. Sounds plausible but since when has the banks cared for their people?

Btw. Your remark "Time to Circle the Wagons" was called as a "Lager" over here by the early settlers in South Africa. They pulled a lager of their wagons as a defense against attacks by the hostile tribes.
The women and the children were taught how to load the rifles and each man would have a couple of rifles going during the attacks. A very formidable defense and I didn't think that I would hear mention of it ever again.

So indeed it is time to circle the wagons.

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They will dress it up as caring that people don't lose their money and that regulations will also cure the terrorist financing threat. Sounds plausible but since when has the banks cared for their people?

It is par for the course. They sell their ideas (laws) as caring and protecting but it ends up screwing. All they deliver is lies while enriching themselves and others at the masses expense.

Posted Using LeoFinance Beta

Totally agreed with you as they also have the habit of loaning people money for houses and cars and most anything else. As soon as the house owners become unemployed and cannot pay their bonds, then they are simply kicked out and the houses are taken back by the banks.
Not one cent of the payments over the years is returned to the defaulters.

So miss a few payments and see how the banks care for their people.

Even our charity is regularly bombarded by the banks with loan offers.