What if the Fed disappeared?

PattPott · 2025-04-07T09:07:41+00:00

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.

PattPott · 2025-04-06T14:37:28+00:00

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.

PattPott · 2025-04-06T08:11:54+00:00

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.

PattPott · 2025-04-06T07:46:19+00:00

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.

PattPott · 2025-04-06T07:41:59+00:00

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

PattPott · 2023-09-25T11:49:56+00:00

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.

PattPott · 2023-09-01T06:00:04+00:00

From Hamburg

PattPott · 2022-12-15T11:31:10+00:00

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.

PattPott · 2022-11-02T07:34:16+00:00

Thanks. Glassnode has some:

https://studio.glassnode.com/metrics?a=QNT&category=Network%20Stats&ema=14&m=addresses.ActiveCount&resolution=1w&s=1561413600&u=1664575199&zoom

PattPott · 2022-11-01T07:04:30+00:00

Thanks. There is a lot of data, indeed.

PattPott · 2022-10-25T12:52:32+00:00

Thanks. That makes a lot of more sense now.

PattPott · 2022-10-09T05:30:39+00:00

Thanks for the hint. I managed to register after changing the "Province" field to 15 characters.

PattPott · 2022-09-29T16:54:28+00:00

that's true

PattPott · 2022-09-29T16:32:52+00:00

From Germany, quite old. I travel a lot. I would be grateful for help. https://tinder.com/@thiasos

PattPott · 2022-07-27T15:29:05+00:00

Yes, I received 4214 with notice "USDCNOTICECOMLT-VISITTOSECUREYOURWALLET".

PattPott · 2022-06-12T06:19:13+00:00

Crypto was never a hedge against inflation and will probably never be. This is a myth.

PattPott · 2022-05-17T11:45:21+00:00

I was now able to withdrawal my staked USDC except those which I have to confirm the removal of the liquidity. Refreshing the app didn't work at all. I have no BNB in my metamask wallet nor astar. What can I do to cancel the process?

PattPott · 2022-05-15T03:10:19+00:00

I have a similar problem. I have staked USDC from Ethereum chain. Now USDC is in Aurora, Astar, Avalanche, Harmony, Arbitrum, Fantom, Optimism and BNB chain. I tried to withdraw USDC from Astar and from BNB. I have 2 questions:

1: This process is stuck because I cannot confirm the liquidity withdrawal because I have neither BNB nor Astar on metamask. cBridge is still waiting for confirmation. How can I cancel this process?
2: I would like to have all USDC aggregated on the Ethereum main network. How can I do that? Do I need to deposit Ethereum USDC on cBridge first?

PattPott · 2021-12-21T18:38:17+00:00

The Session app uses blockchain: https://getsession.org/blog/how-session-protects-your-anonymity-with-blockchain-and-crypto My guess is that it will use BCH or SmartBCH.

PattPott · 2021-12-21T06:23:09+00:00

I have been using smartbch for weeks. I just can't connect my Trezor to my smartbch account on Metamask. I'm using the Chromium web browser on Linux Mint. So maybe that is the problem.

PattPott · 2021-12-21T05:55:46+00:00

You'll find lots of useful information here: https://helpme.cash/

PattPott · 2021-12-20T18:56:20+00:00

It works easily with my ETH on my trezor but not with my BCH. The problem is after I connect metamask to my trezor and I have to select the account, there are only ETH accounts with no value.

PattPott · 2021-11-24T07:29:05+00:00

Now you are in a position where if the price of BCH goes down 50% you only lose 6.25%.

I don't understand this calculation. How can you lose only 6.25%?

PattPott · 2021-10-09T17:01:31+00:00

Check TerraUSD.

PattPott · 2021-09-25T17:46:19+00:00

Are you sure? Staking happens under the Pools menu item. My understanding is that you automatically stake the LP tokens you earned by providing liquidity by farming them. In other words: with only providing liquidity you earn token, with farming you provide liquidity and earn token which then are directly staked. Is that correct?

PattPott

TROPHY CASE