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Reason: None provided.

The issue is that what you're describing is a credit card, rather than a currency.

Cash is not a currency too. That paper thing in your pocket clearly state that it is a note that some amount of currency (dollar) belongs to the holder. Banknote is not a dollar itself, it is only officially accepted representation of it. So with card/bank account (a record that some amount of currency belong to account owner) or CBDC (same as with account, but the record is in blockchain, not plain old database).

Once a CBDC replaces a currency,

Then you can't do all things you described in previous part. Just like if you have a bank/card account and cash is prohibited. Where is the place for CBDC here? How CBDC with prohibited cash is different from cards with prohibited cash?

Right now, you can go to the bank and withdraw an extra $10,000 and keep it in a safe,

And tomorrow they declare old banknotes no longer valid. Or change their value. Or ban them. Or force everybody to hand them to the banks.

What is the point of CBDC here, again?

Once everybody is using a centrally controlled digital currency like this, there will be no privacy ever again.

If you are miss something, I could tell you that most sheeple happily use cards for everything. And even not a cards themselves, that theoretically could be given to another person, but bank apps in cellphones. And modern sheeple will never separate with his phone. There are no any privacy already, with regular card/bank accounts. CBDC will add absolutely nothing to it.

they'll just take 10% of your money and give it to black people, or gays, or whatever other group of people suits their needs.

And why CBDC needed for that if they could easily do exactly the same with card/bank accounts? They could take 10% from your card, they could make all your purchases withdraw 10% more money from card, they could do everything you could imagine, you know, that computer things, they make such things much simplier.

simply giving them the ability to is no different than turning all your guns in and trusting the government will never do anything to hurt you.

They are already able to do all that things you afraid of. With your current card/bank account. And already did multiple times.

Also, notice how you unconciously limit the amount of cash you can withdraw from your card/bank account to $10k. They literally easily do everything they claim they will be able to do with CBDC. I found that, at least, very suspicious.

I think CBDC thing is completely another rabbit hole, not one they want to pose it. Or huge distraction from something we do not notice.

1 year ago
1 score
Reason: Original

The issue is that what you're describing is a credit card, rather than a currency.

Cash is not a currency too. That paper thing in your pocket clearly state that it is a note that some amount of currency (dollar) belongs to the holder. Banknote is not a dollar itself, it is only officially accepted representation of it. So with card/bank account or CBDC.

Once a CBDC replaces a currency,

Then you can't do all things you described in previous part. Just like if you have a bank/card account and cash is prohibited. Where is the place for CBDC here? How CBDC with prohibited cash is different from cards with prohibited cash?

Right now, you can go to the bank and withdraw an extra $10,000 and keep it in a safe,

And tomorrow they declare old banknotes no longer valid. Or change their value. Or ban them. Or force everybody to hand them to the banks.

What is the point of CBDC here, again?

Once everybody is using a centrally controlled digital currency like this, there will be no privacy ever again.

If you are miss something, I could tell you that most sheeple happily use cards for everything. And even not a cards themselves, that theoretically could be given to another person, but bank apps in cellphones. And modern sheeple will never separate with his phone. There are no any privacy already, with regular card/bank accounts. CBDC will add absolutely nothing to it.

they'll just take 10% of your money and give it to black people, or gays, or whatever other group of people suits their needs.

And why CBDC needed for that if they could easily do exactly the same with card/bank accounts? They could take 10% from your card, they could make all your purchases withdraw 10% more money from card, they could do everything you could imagine, you know, that computer things, they make such things much simplier.

simply giving them the ability to is no different than turning all your guns in and trusting the government will never do anything to hurt you.

They are already able to do all that things you afraid of. With your current card/bank account. And already did multiple times.

Also, notice how you unconciously limit the amount of cash you can withdraw from your card/bank account to $10k. They literally easily do everything they claim they will be able to do with CBDC. I found that, at least, very suspicious.

I think CBDC thing is completely another rabbit hole, not one they want to pose it. Or huge distraction from something we do not notice.

1 year ago
1 score