We already have Visa/Mastercard which is digital. Everyone has a credit score. Give this stuff to the government and they'll be building huge databases with all your info, income, purchases, vaccines, etc. They'll tie it to a wellness "green" pass which might also track how much you spend on carbon emissions, tax you on CO2 etc. They'll know everything about you down to the last molecule of carbon footprint you "cost society". Then they can use your DNA and data to build you out on a chip, as an avatar, and predict everything about you. They can re-create you and simulate you and run drug simulations & studies on your clone.
Crypto is going to be somewhat tied to USD for as long as the USD remains the world reserve currency. People are buying crypto with USD, and selling crypto for USD.
It's still a new technology, but has things like decentralized governance built in, which is a far more democratic "people controlled" way of doing money. It's just the beginning.
Crypto has a major sell off at the end/beginning of every year it seems, right around tax time. But also coupled with that, China seems to ban it every year around the same time too. Recently it was in the news that Russia was banning crypto.
The economy is down across the board right now, including traditional stocks.
CBDC? Nobody wanted or asked for that.
It's a desperate move by an obsolete government.
We already have Visa/Mastercard which is digital. Everyone has a credit score. Give this stuff to the government and they'll be building huge databases with all your info, income, purchases, vaccines, etc. They'll tie it to a wellness "green" pass which might also track how much you spend on carbon emissions, tax you on CO2 etc. They'll know everything about you down to the last molecule of carbon footprint you "cost society". Then they can use your DNA and data to build you out on a chip, as an avatar, and predict everything about you. They can re-create you and simulate you and run drug simulations & studies on your clone.
Crypto is going to be somewhat tied to USD for as long as the USD remains the world reserve currency. People are buying crypto with USD, and selling crypto for USD.
It's still a new technology, but has things like decentralized governance built in, which is a far more democratic "people controlled" way of doing money. It's just the beginning.
Crypto has a major sell off at the end/beginning of every year it seems, right around tax time. But also coupled with that, China seems to ban it every year around the same time too. Recently it was in the news that Russia was banning crypto.
The economy is down across the board right now, including traditional stocks.