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.

Reply to this note

Please Login to reply.

Discussion

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.

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.

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