Inflation doesn't really bother the wealthy, and the elite print the money...
They can seize your funds, freeze your bank account. They can seize cash until you can prove it wasn't gained illegally....
The central bank version of everything is terrible, whether its currency digital or otherwise... a central bank cinnamon roll would be bad.
Blockchain currencies are one of the few things that actually compete with the central banking system. Quit shilling and learn the differences between the many blockchain projects.
The overwhelming likelihood that at some point a dictatorship controls all money and thereby can make you homeless and starving. It also gives them total control of all business, such as small business. It hampers acquisition of weapons that coudl be used to resist the regime.
So far we have seen China and Canada attack independence of financial assets.
Some money should be independent of government, which is the big feature of crypto, which is why they took crypto down this year.
You have a good point, but if civilization goes down so far that there is no Internet, we're fucked anyway. And back to goods barter stage.
It will be like the old west, and little news availability and probably no phones (even landline anymore). However, we WILL still have radio, and Internet by packet radio which will be overloaded.
If we are lucky enough to still have satellite we may still get some Internet.
I was pondering how to send crypto by Indian smoke signal but then I woke up in a pool of piss and vowed to avoid that brand of tequila forever.
Land-line, in the sense it existed in 1965 is almost universally being dismantled in favor of VOIP.
It's almost as if someone dosn't like distributed systems and prefers those that can be switched off from one location. (I'm not saying the old telco model didn't have choke/failure points, but there were a lot of them)
We could be reduced to schlepping our 'blockchains' between Barter-towns on USB sticks.
Yes, I lament the passing of copper lines, replaced with glass (fiber optics) and pulsed photons. When the fallback to older times comes, all the copper will be scavenged and I guess much will be used for antennas and we will be back to radio for comm. Not even cell towers but old fashioned radio and frequencies you can handle with nearly electromechanical means. Crystal radios, hah. And vacuum tubes because you can make those by hand unlike pure silicon wafers.
Every transaction will be made public by way of the centralized ledger. Your credit card purchases will be public effectively. Why not just post your transactions on a billboard? Its the same thing. I envision a future where your CBDC address is apart of your background check. It's total systematic control and only a retard who doesn't understand the technology or the underlying motives there would endorse it.
They're pure inflation. Credit cause debt causing the price to rise. When you're indebted you're compliant. Cashless society is 100% monitored. Every transaction becomes ID'ed. What are you buying with your credit. More useless services. The amount of useless services today are staggering. Insurance insuring insurance. The amount of stuff wanting to put you into debt, buy now pay later. The amount of subscriptions. More services getting every product to work so you simply pay higher costs.
Why. No. Why. It's bullshit that's why. If it resets you can't buy shit. Imagine electricity went down in your cashless society. What happens. You can't even buy a candle is what happens.
Why wouldn't you want money that expires if you don't spend it?
That's what inflation is...
Yes, but inflation affects everyone's money. With a digital currency, they can make it so that your money expires but theirs doesn't.
Inflation doesn't really bother the wealthy, and the elite print the money...
They can seize your funds, freeze your bank account. They can seize cash until you can prove it wasn't gained illegally....
The central bank version of everything is terrible, whether its currency digital or otherwise... a central bank cinnamon roll would be bad.
Blockchain currencies are one of the few things that actually compete with the central banking system. Quit shilling and learn the differences between the many blockchain projects.
What's the problem?
As long as you never step out of line or say anything bad about the government or it's policies you won't get your bank account frozen.
Problem is when Government decides to tax 99% of my income and I get slightly...frustrated.
The Beatles did it, so can you, Big Wheels! /s
The overwhelming likelihood that at some point a dictatorship controls all money and thereby can make you homeless and starving. It also gives them total control of all business, such as small business. It hampers acquisition of weapons that coudl be used to resist the regime.
So far we have seen China and Canada attack independence of financial assets.
Some money should be independent of government, which is the big feature of crypto, which is why they took crypto down this year.
Except you can't 'use' it without the government-monopoly internet, unless you want to schlepp your 'blockchain' between BarterTowns on USB sticks.
You have a good point, but if civilization goes down so far that there is no Internet, we're fucked anyway. And back to goods barter stage.
It will be like the old west, and little news availability and probably no phones (even landline anymore). However, we WILL still have radio, and Internet by packet radio which will be overloaded.
If we are lucky enough to still have satellite we may still get some Internet.
I was pondering how to send crypto by Indian smoke signal but then I woke up in a pool of piss and vowed to avoid that brand of tequila forever.
Land-line, in the sense it existed in 1965 is almost universally being dismantled in favor of VOIP.
It's almost as if someone dosn't like distributed systems and prefers those that can be switched off from one location. (I'm not saying the old telco model didn't have choke/failure points, but there were a lot of them)
We could be reduced to schlepping our 'blockchains' between Barter-towns on USB sticks.Yes, I lament the passing of copper lines, replaced with glass (fiber optics) and pulsed photons. When the fallback to older times comes, all the copper will be scavenged and I guess much will be used for antennas and we will be back to radio for comm. Not even cell towers but old fashioned radio and frequencies you can handle with nearly electromechanical means. Crystal radios, hah. And vacuum tubes because you can make those by hand unlike pure silicon wafers.
Every transaction will be made public by way of the centralized ledger. Your credit card purchases will be public effectively. Why not just post your transactions on a billboard? Its the same thing. I envision a future where your CBDC address is apart of your background check. It's total systematic control and only a retard who doesn't understand the technology or the underlying motives there would endorse it.
They're pure inflation. Credit cause debt causing the price to rise. When you're indebted you're compliant. Cashless society is 100% monitored. Every transaction becomes ID'ed. What are you buying with your credit. More useless services. The amount of useless services today are staggering. Insurance insuring insurance. The amount of stuff wanting to put you into debt, buy now pay later. The amount of subscriptions. More services getting every product to work so you simply pay higher costs.
Why. No. Why. It's bullshit that's why. If it resets you can't buy shit. Imagine electricity went down in your cashless society. What happens. You can't even buy a candle is what happens.
A terrible World. As insidious innovation. It serves to enslave.
Are you talking about this:
https://www.ledger.com/
Havent even seen the list for potential keepers of the "zero" button.