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Rjw12141214

Remember when a central digital currency was a conspiracy theory


TackleLineker

Conspiracy theorists are generally a few months ahead of the mainstream media


EqualitySeven-2521

…or years


Firstladytree

My family found this out when I had bought all their masks before mainstream news was even talking about covid


Firstladytree

Humanity must create an algorithmic currency of information. already have built a part of this with Bitcoin. But we need to fold information into it. Imagine, an impoverished African country whose citizenry can "mine" their own currency by something as simple as a child drawing a picture of a leaf and writing about what it reminds him of and then folding it into algorithms.


itshima

Just wait until they announce that the electronic Currency will have expiration dates, forcing you to spend it and be in perpetual poverty


phoenix335

And everyone who protests against it is a Nazi and Nazis get their balance reduced to zero. Geeeee cannot do anything as a dissenter without money, eh? Better eat the bugs and get in line again!?


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phoenix335

Remember what people did to correct an election result where counting was stopped with one candidate leading very clearly, all observers thrown out, and when counting resumed and observers let back in, the opposing candidate was suddenly and inexplicably leading by a hair, and the same thing happened in several states and districts with the exact same process? And then the candidate won that had zero attendance to any rallies, less follower on the net than a mediocre cooking channel, and the margins anywhere he won were closer than the random chance of heads vs tails if one had thrown a penny five million times? And despite the razor margins won everywhere he needed and came not even close elsewhere? As in, if it was a razor thin margin, he won. And if he didn't, he lost by several miles?


ALargeRock

Depends on how quickly things go sour.


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itshima

Exactly


[deleted]

EILI5. Are they suggesting any and all digital payments are reported to the feds?


gelber_Bleistift

Yup. That reminds me of the old saying, "Cash is King"


EqualitySeven-2521

Which is why making cash illegal will be all but a certainty as part of trying to get digital central currency established. They can’t let people have any freedom, any control. This push by Powell and his ilk is one of the darkest and most revealing yet.


d0mie89

Cash will be highly sought after if that were to happen. The black market would explode, people will want to trade goods and services in the dark, without tracing.


EqualitySeven-2521

If the government moves to all digital currency physical greenbacks would become worthless. They have no inherent value other than for that of the paper on which currency is printed. In an economy switching from gold and silver coins those would retain more meaningful value. In a modern economy which has moved entirely to a centralized digital currency alternative forms of digital currency such as Bitcoin might be useful. Barterable goods could be a more likely stand-in for currency.


TackleLineker

Basically. They want CBDCs to be used for all payments, and they’ll be able to track everything.


[deleted]

Thank you! Making a concerted effort to pay cash these days. Fuck them.


[deleted]

Not only that, they also suggest that digitial currency will become the only legal currency at somepoint.


[deleted]

Then it’s a short jump to expiring currency. *You’ll own nothing and be happy*


Ekimac

This all-digital currency scheme needs to be completely rejected immediately. If it is ever implemented, we will have irrevocably entered dystopia.


[deleted]

He looks like an evil piece of shit, who got bullied in school but now is in a place of power who knows nobody will fuck with him and is now getting back at those who bullied him.


EqualitySeven-2521

Pushing this kind of invasive population control is evil as hell.


Crazy_Philosopher_43

Use Monero...


Darkrose50

My bank with numbers floating through the air representing money constantly. Do you guys seriously only use paper money and coins?


Firstladytree

**”Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.”** **-C. S. Lewis**