Replying to Nobody

I've forgotten where I read it but I read an ominous article suggesting that CBDCs and a UBI should be linked to your location and different in each 15 minute city. If that's how things play out you would still need a national CBDC so that cities can transact with each other. Your CBDC will be locational bound but they pay themselves in the national one which can buy and sell local ones all over the country 🤔
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The Beave 1y ago

That much is obvious. Your social credit score will be tied to your UBI. Bad score = low to no UBI, denial of all services, possible detainment for re-education, etc. Which is why it's better to GTFO off cities while you can.

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d7
Nobody 1y ago

But there you have a two book system. One is monitored and the other not.

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The Beave 1y ago

Sure, but it still leads to issues of trust for the black book stuff, since CBDCs are designed to be "burnrd" leading to a destruction of any value transacted coinage. That CAN'T work between low-trust parties.