Replying to Avatar Alan Siefert

With the help of AI, CBDCs can be basically done with just new reporting requirements. Banks are required to report all transactions (not just $10k+) to IRS which then have AI flag activity for more review. I think they don’t even need CBDCs to get specifically approved to get much of its surveillance.
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SuiGenerisJohn 1y ago

I'm just amazed the government hasn't spent $1B building out a hardware platform that companies are required to use to scan all cash used to track seriel numbers on the bills and kyc all customers.

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Alan Siefert 1y ago

Probably a matter of time. Good thing Bitcoin exists. The hard part (for businesses at least) is having the balls to not comply with the government’s BS.

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SuiGenerisJohn 1y ago

Time will tell, in the meantime we build the other world together.