Wary of CBDC's

[パエトーン (Belle)]

https://www.federalreserve.gov/cbdc-faqs.htm
https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp

https://www.youtube.com/watch?v=HF8AxQWUxPg

A central bank digital currency (CBDC) is a form of digital currency issued by a country's central bank. It is similar to cryptocurrencies, except that its value is fixed by the central bank and is equivalent to the country's fiat currency.

Many countries are developing CBDCs, and some have even implemented them. Because so many countries are researching ways to transition to digital currencies, it's important to understand the CBDC meaning and what they mean for society.

4. Why is the Federal Reserve considering a CBDC now?
The Federal Reserve is charged with promoting monetary and financial stability and the safety and efficiency of the payment system and is studying how a CBDC could improve on an already safe and efficient U.S. domestic payments system.

With technological advances ushering in a wave of new private-sector financial products and services, including digital wallets, mobile payment apps, and new digital assets such as cryptocurrencies and stablecoins, the Federal Reserve and other central banks around the globe are exploring the potential benefits and risks of issuing a CBDC.

A bit wary of these. Because their nature allows for them to be tracked and therefore controlled. Easy to link with banks and other electronic/digital services.

I can imagine a scenario in the future where people receiving monetary benefits in whatever form: Stimulus checks, unemployment compensation, disability, UBI, etc will be receiving them as CBDC's.

Unlike normal cash or fiat, it can be tracked.
So someone can't just spend their money on alcohol and onlyfans when it's intended for supporting you getting food/treatments/job. The payment processors will see the source and intention of the CBDC and deny your transactions.

Or any time the government has an agenda. Like say, people can't eat too much meat.
They can effectively give you a cap on meat purchases, so you'll be denied getting steak at the supermarket if you go over the cap.

Then the next step would be paying salaries/incomes with it, and that's when the American social credit score system is complete.

[Dames & Games]

Don't be surprised when the feds seize your cryptocurrencies to convert it to FED COIN LMAO

[パエトーン (Belle)]

"Fed coin" is so accurate and horrifying lmao

[The Duce]

The boom in cryptocurrency wasn't organic at all. It was priming the public for CBDC.

[SirSeanicus]

Be a good boy or else.