CBDC is power on a level that the world has never known.
Discussion
And Bitcoin is one of the most profound inventions known to mankind. It’s completely altruistic and thus hard to imagine, based on human nature, humans would have invented it. It‘ll counteract CBDSs easily.
Government controlled digital currency is the scariest thing anyone can imagine.
The government will have the ability to track, tax and discern every transaction made, if the transaction is allowed.
For your convenience and safety, Mr. .build*
*within the geographic ring-fence of your 15-minute city, beyond which your e-vouchers will not function.
Vote ‘NO’ to CBDCs!!
Wait, we can’t vote on it?
It'll be great at first. Every transaction everywhere will be allowed, and it'll be just the most convenient thing ever. People won't have to do taxes every year, because they'll be done transparently in real time. There will be great support for people who lose their phones or whatever (it will be contracted and ChatGPT-based, not employees of any government).
But then people will start to have transactions be declined...Only a few prominent people at first, and only the most extreme of thought criminals, but slowly, gradually...It will morph into the weapon of ultimate control over individuals from a faceless machine.
It also won't ever be government controlled directly, it'll be controlled by a private entity the government gives a legally binding monopoly to so that when people object to the policies of that entity the government can claim it's not the one responsible for those policies. That will be how they bypass the constitution while saving face.
Good point.. And of course that private entity will never be compromised.
💯 It’s evil
The EU Commission has announced that it wants to abolish passports in favor of biometric border controls...
That's also a major control mechanism that cries for surveillance!
Governments are also excited about the prospect of setting negative interest rates, although I think that would be difficult to pull off so long as there are alternatives to CBDCs.