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Re: "CBDCs are coming, and I am not ready!"
I try to use cash where I can, avoid selfservice checkout and go to the bar rather than download the app. I've come to see digitalisation of absolutely everything in a very negative way. Tech has its place but that place is most certainly not EVERYWHERE!
Jan 09 · 4 months ago
🚀 stack [OP] · Jan 09 at 17:53:
At least the VOLUME of participating has not been decreasing in your case! :)
Friend, if you thought Bitcoin was a halfway decent idea, if it was working as intended, then wait till you find out about a variant thereof that does, and more. I could talk for hours about how it has the capacity to completely replace PayPal and a few smaller credit card companies, on off-the shelf hardware, have opt-in privacy, can run DeFi, can be used to represent tickets, loyality points, shares and collectibles, and, most importantly, lets you give money to anyone, anywhere, anytime, for the fraction of a cent, without asking for anyone's permission. A real, honest-to-goodness peer-to-peer electronic cash!
CBDCs are coming, and I am not ready! — There are more rumblings of impending doom, Central Bank Digital Currencies. All assets will be tokenized and placed into a ledger, maintained by your favorite Central Bank. BIS had stated all assets, once tokenized, will carry with them conditional transaction limitations which banks will be able to programmatically impose. So long privacy and financial freedom. I just want cash, please. I've been, single-handedly, trying to bring it back, by paying...