they already use distributed ledgers in banking. makes literally no sense whatsoever to use a blockchain. only reason the idea of CBDCs exist is to fool ppl into believing they are scarce to stop hyperinflation. but there will be no …
With CBDCs they will tax us on every transaction, which means if an item changes hands enough times, then the tax paid will most likely be greater than the original price of the item. We need to stop this insanity …
Top Comment on Part 1: If the lenders are forced to keep their assets (contracts) in old currency, and the borrowers allowed to convert their assets (cash) into new currency, then the logical outcome will simply be to raise interest …
The problem, of course, with a fully digital and custodial payments world, is that people lose all privacy and can have their funds frozen for any number of reasons. A cashless world enables greater levels of authoritarianism.https://t.co/xbDyZ4WA80 — Lyn Alden …
Central banking digital currencies (CBDCs) and social credit systems explained. Show this to anyone who still thinks that this is a conspiracy theory. It’s time to wake people up before they sleepwalk towards digital surveillance.#CBDC pic.twitter.com/KT2Yub9tha — James Melville 🚜 …
While citing multiple problems with the decentralization model for cryptocurrencies (some of them valid and some of them not), the Bank for International Settlements has concluded in a report released this week that crypto ‘can’t fulfill the role of money.’ As noted …
Food shortages seem like a great way to try to force digital IDs and CBDCs on everyone. “We need to ensure everyone is only buying their fair share.” You need to think like a criminal, because we are ruled by …