The government will see all your transactions. It will become impossible to avoid taxes, buy Bitcoin, or do anything at all without them knowing. Plus, they can cut you out of access to any kind of money if so they wish anytime. How is this not horrible?
Not to mention the fact that you can't really buy anything anymore if you don't have internet or electricity? Or if a bug happens that takes the system down?
This is so obviously bad that's why no one has to be saying these things all the time.
CBDCs are an instrument to bring the worst nightmares to reality. Imagine what guys like Hitler could have done with such an instrument. You don't have to bring people into camps when you can just starve them to death by freezing their accounts...
I believe cbdc's are dead on arrival, or pre-birth actually. Drug dealers will not be able to pay in or accept bribes with total control, refutable money. They will not trust it. Graft, drugs, and the criminal element are not errors or bugs in the system, they are natural expressions of human social dynamics and organization. Prison guards need prisoners. A cbdc would be a suicide pill, just like any other command economy or planned city that takes itself too seriously and eventually fails. The economics behind and pushing it are bad. For example the state can demand payment of taxes in cat shit, taxes being a coersed fee for service, but then people will quickly abandon such a state if it also demands we eat it ourselves, or be payed in it. I think we in the non-npc space are entirely too concerned with CBDC's.
