Most of the comments are praising and welcoming the CBDC…
It is presented as a move against US credit card processors.
There will be no resistance when this rolls out.
Discussion
Mad to see but I agree.
we can't trust private companies with our money but surely we can trust a handful of power-hungry unelected bureaucrats
🤦♀️
Lambs to the slaughter.
I am still waiting for anyone to give me use case of CBDC that will enable them to do something they can not implement right this moment without CBDC.
I heared few things and not single one is CBDC related or depends on CBDC.
1) no more cash - Yeah...more than few countries in EU are already going cashless in not so distant future. CBDC or not, they can do it right now. That's not some future, that's now.
2) stopping you from paying - hey can and they already do it right now. Blocking you from sending money to certain countries, businesses or individuals. Again, not future, now
3) they will be able to track you / your payments - they can do so now. They improve on mechanisms to do that all the time.
4) programmable money - again, they do it now. If you send payment to x, they do y
Is there something that CBDC gives them (and by them i mean governments) that they can not implement without CBDC?
HN is the typical yuppie elite crowd
