Replying to Nobody

I've been pondering the whole CBDC distribution issue for years. They're not even remotely sure how they'll accomplish this. Personally, I don't even believe they'll get around to it. And if they do, the world will (more than likely) be in a state of near total anarchy. But I can imagine that, once (or if) they figure out a way to suppress volatility, they'll simply create their own private ledgers for all of their filthy shit, and our account funds will simply be converted into the CBDC almost overnight. That way, most of the major central banks get to stay in business and maintain their global surveillance network, all the while they can simply carry around their funds in their pockets and do whatever they bloody want—not that they don't already. But, like I said, I don't even think that they'll make it to the implementation stage. Who knows? 🤷‍♂️ There are many ways that this could pan out.
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The Beave 1y ago

I kinda hope you're correct, but I'm not so sure about that. I think they do know how they want it to work and thy rest is just a software engineering problem.

Most people can't handle anarchy and it wouldn't go that far, IMO.

A second ledger seems to be the most common thought as to how to do stuff illegally. In not sure how that would work, but I'm sure it could. I would want to figure it out, though, since that means that it would be possible to create your own black ledger. Just a thought...

The variety of ways this can go is why it requires careful, substantial thought.

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Nobody 1y ago

There is something else that I observed which really doesn't get mentioned at all on here. People here seem to be too fixated on their Bitcoin obsession to consider this possibility: cash could make a comeback. There are some cafés, restaurants, and pubs etc. in the city that have signs on their windows that say things like "prefer cash", "cash preferred", or "10% off with cash!". It seems that many local businesses are growing increasingly distrustful of credit card usage. I can't blame them 🤷‍♂️. I also know plenty of people (myself included) who have withdrawn most of their funds.

I agree. Most people can't handle anarchy. It doesn't mean it won't happen. It's happened on plenty of occasions in the past. But, I understand where you're coming from. Citizens of wealthier countries have grown too complacent and comfortable to take any initiative. And government and corporate obedience requires minimal effort. Whatever! Their choices and consequences are their own.

You're right. You probably would be able to make your own private ledger. Unless they begin to implement new laws and regulations that will prohibit the usage of certain software and hardware products. They could easily do that.

Again... who knows?

My daughter's safe. That's really all I care about. 👍