United States dollarusd

The United States Dollar (USD) is a fiat currency with a genesis date of April 2, 1792. At its inception, computing power limitations led USD to be transacted solely using “paper wallets” and physical coins. Now, USD has an extremely long confirmation period due to a small number of nodes that lack incentive to upgrade their consensus mechanism, which currently requires multiple layers of clearing and settlement to prevent double spending.

USD was originally created as a stablecoin with a price pegged to gold, but the decision was made to move away from that during a contentious hard fork decision in October of 1971. Since then, the uncapped supply has led to endless inflationary issues and a new religion among the leaders of many governments called “Modern Monetary Theory”. Supply is now controlled solely by a central node called the Federal Reserve, which uses supply increases to fund wars and devalue savings of hodlers. Government "fiat" currencies such as USD and EUR still exist today but face external threats from Bitcoin and other next generation crypto assets in the near future.

This is satire.

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  1. United States dollar Updates
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Watch Chair Powell’s statement from the #FOMC press conference: Intro clip: https://t.co/sM1ICZDTYa Full video:… https://t.co/Qr1FQv5qEy
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#FOMC Chair Powell answers a reporter's question at the press conference: https://t.co/h2lfaL9LtX https://t.co/BGQkuv7f1F
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Read Chair Powell's opening statement from the #FOMC press conference (PDF): https://t.co/mmeWFEyNwq
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LIVE NOW: Press conference with #FOMC Chair Powell: https://t.co/h2lfaL9LtX https://t.co/FJa6TbkDMt
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Federal Open Market Committee statement: https://t.co/YpjP85j6uD #FOMC
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WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: https://t.co/h2lfaL9LtX… https://t.co/mt8KIE0mRb
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Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://t.co/h2lfaL9LtX https://t.co/ydnS3ga2My
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@federalreserve @fdicgov @usocc release list of distressed or underserved nonmetropolitan middle-income geographies: https://t.co/TqnwKsyP1V
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@federalreserve @fdicgov @usocc issue final rule to streamline regulatory reporting requirements and commit to furt… https://t.co/I6fDKMcCaF
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@federalreserve requests public comment on technical updates to its Freedom of Information Act procedures, changes… https://t.co/NPxCyXVR1z
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#ICYMI: Press releases: https://t.co/15n1SVs7rb
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Now available: Weekly data on the Assets and Liabilities of Commercial Banks in the United States: https://t.co/NSim8zRsNg #FedData
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May #IndustrialProduction: Total +0.4%, Mfg. +0.2%, Utilities +2.1%, Mining +0.1%; #CapacityUtilization 78.1%… https://t.co/nNH0tUk5Qt
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See next week's #calendar of events: https://t.co/gZXP4SLXjJ
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Interactive guide to our weekly #BalanceSheet report: https://t.co/4TtoDYYANs #FedData
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Our weekly #BalanceSheet update: https://t.co/7mWHold9gE #FedData
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@federalreserve publishes summary of feedback from roundtable discussions on current state of, potential revisions… https://t.co/kAq2lrdQAl
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#FedFAQ: What is the Summary of Economic Projections? Learn more: https://t.co/Yd4mU74sfs https://t.co/UlAl37Uswc
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