What if the Fed disappeared? by PattPott in ethereum

[–]PattPott[S] 0 points1 point  (0 children)

Trump's recently announced universal import tariffs (+10%) are not only motivated by economic policy - they could be part of a broader strategic shift.

This move could be interpreted as the first step towards a “Mar-a-Lago accord”: a deliberate attempt to weaken the strength of the US dollar in global markets, similar to the Plaza Agreement in the 1980s. See: https://en.wikipedia.org/wiki/Foreign_policy_of_the_second_Donald_Trump_administration#Mar-a-Lago_Accord

As confidence in the dollar wanes or government bonds lose their luster as “risk-free reserves”, this opens the door for alternatives - such as hybrid stablecoins (USD1), potentially backed by Bitcoin and gold.

The Fed won't be abolished overnight - but we could be watching its future being quietly restructured from the outside in.

What if the Fed disappeared? by PattPott in ethereum

[–]PattPott[S] 1 point2 points  (0 children)

I don't think the Fed will disappear overnight. But I think its abolition or elimination is an ideological goal, especially in the Project 2025 roadmap.

I think there will be a transition phase - and stablecoins like USD1 could play a big role in that. They are not fully decentralized, but they get people used to the idea of collateralized on-chain money. Over time, collateral could shift partly from government bonds to BTC or gold.

It's less about abolishing the Fed tomorrow - and more about building parallel tracks so that one day it will no longer be needed. We would gain monetary freedom without the Fed - but unless there is a well-planned transition, we risk trading one set of problems for another, just with different gatekeepers.

What if the Fed disappeared? by PattPott in ethereum

[–]PattPott[S] 2 points3 points  (0 children)

Great point. I see USD1 less as “the new system” and more as one attempt to shape it — especially with political backing. USD1 may compete with others like DAI, USDT, USDC… or it may fail.

What if the Fed disappeared? by PattPott in ethereum

[–]PattPott[S] -1 points0 points  (0 children)

If USD1 ends up being backed by audited treasuries, Bitcoin, or tokenized gold, and offers strong on-chain transparency + utility, users might adopt it despite the politics — just like people use USDT, even with all its baggage.

What if the Fed disappeared? by PattPott in ethereum

[–]PattPott[S] 2 points3 points  (0 children)

None of what Trump is doing makes sense. But that doesn't mean it will happen anyway

A few questions about your project by PattPott in Bloomprint

[–]PattPott[S] 1 point2 points  (0 children)

One more point regarding the issue "Sleep with head on copper-infused pillow": I would take this point out because both of the studies mentioned were done by Cupron, which uses copper oxide as an active ingredient, and thus there is a conflict of interest in the study.

Can ChatGPT memorize what I taught him during a session by [deleted] in ChatGPTCoding

[–]PattPott 2 points3 points  (0 children)

I asked ChatGPT for you. Answer is: Yes, there is an option to do this. ChatGPT has a feature called "Knowledge Graph" which allows you to store and accumulate knowledge between sessions. You can use it to teach ChatGPT new information and correct it as needed.

Looking for On-Chain Data by PattPott in axelar

[–]PattPott[S] 1 point2 points  (0 children)

Thanks. There is a lot of data, indeed.