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CrazyRussian 1 point ago +1 / -0

This will allow every token to be tracked, and potentially invalidated in the future if a user performs a non-authorised operation.

Valid point, but I can't figure out real-world example. Say, some conspiracy theorist paid $1 CBDC for groceries in dad&mom shop, they paid $10 CBDC using that "bad" $1 CBDC for car replacement part, then that bad $1 CBDC was paid as salary to a worker that made that spare part. Then government find out that first person is a conspiracy theorist and disable his $1 CBDC. So completely innocent worker of spare parts plant who wear pride parade pin and have a trans as a best friend will lose $1 CBDC he honestly earned working hard.

Weird.

And, meanwhilem same thing could be done with cash. Government could declare that $10 banknotes with numbers from XXXXXX to XXXXYY was used in some bad activity and so no longer valid.

To do the same thing with card/bank account will be more tricky - currently you can't determine where $1 on your account you paid somewhere come from.

If you want just to alter money somebody own currently, there are no difference between CBDC and card/bank account and even cash, if you somehow know numbers of banknotes.

So yes, your point is valid, but what is the real-word use of that feature?

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CrazyRussian 1 point ago +1 / -0

You can have conference calls on a phone line.

Only if your station support that. And conference calls are just connecting several lines of several users together instead of lines of two users, nothing close to the routed packet transmission at all.

Internet is like you already established a conference call with all existing phone users and agree with them on the keywords to use to talk on certain topics to certain people. Internet is more like ham radio than phone line, but divided into regions with repeaters to retranslate packets destined to another regions.

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CrazyRussian 2 points ago +2 / -0

Meanwhile, yesterday, Tucker as a guest of Redacted, told exactly about importance of WTC7 question and ability to ask that question and how he was wrong at the time.

Either something changing in some parts of MSM, like they trying to hijack some undeniable conspiracy theories to head them later in necessary direction, or we will witness how Tucker will be evantually thrown out. :)

Whatever. Tucker being from the circles of interest and occasionally speaking out some tiny but interesting bits about that circles for whatever reason is at least entertaining against the background of empty and boring regular liars of MSM. :)

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CrazyRussian 1 point ago +1 / -0

The more often I perform this exchange the more attention I will draw.

How is that different from bank account receiving money from many other bank accounts as payments for some service? They also perfectly draw attention, taxed and whatever. But behind payments for some innocent service you could easily find crypto exchange, drug dealer, black goldseller or whatever.

I still don't get how that will suddenly become completely different with CBDC.

Blockchain is not some fucking magic, it is just a way to store data, nothing more. Different from the regular database in implementation, but absolutely same from the point of storing data. Data determine what is stored, not the way of storing. It is like database where you can't change data if you don't have access to all private keys that ever used to add records. In case of CBDC government/CB is the only owner of the private keys ised to sign blocks, so even from the side of changing stored data such blockchain is no different from database. Governement/CentralBank could always rebuild all blockchain from the beginning with replaced data.

This non existent imaginary service is not as simple as you are making out.

There are tons of such imaginary services around. Many are even just plain swindlers, like different consulting agencies, charities, funds and so on, but they are perfectly exist for decades without any problems. As for those who are not just swindlers, what they really do behnd and what is the real purpose of payments to them one could only guess.

Since many of such imaginary services perfectly exist right now and for a long time, I assume that there is nothing complex in creating such service.

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CrazyRussian 1 point ago +1 / -0

You realize the internet has been serviced for the longest time by phone lines?

Do you understand difference between routed packet data transmission concept and analogue point-to-point connections concept?

Phone line was used just for connecting of computer to internet, not as internet itself and had nothing to do with all that digital nature of IP. Phone line is just a media, like Ethernet cable or fiber, to connect computer to network, not network itself.

Phone system use completely different protocol - SS7 designed to make a direct connection between two users via different stations. Unlike Internet Protocol it was not designed and is not able to provide access to whole network simultaneously to end user.

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CrazyRussian 2 points ago +2 / -0

Because there were ways to spend the usd

There always will be ways to spend some means of exchange. Whatever means of exchange will be.

With 0 ways to convert your cash back into credits.

Why anybody will need "credits"? People need things and services, not "credits".

And exchanging cash to CBDC will not be harder than vice versa. Same scheme - one who need cash just pay CBDC for some non-existing service to one who have cash and need CBDCand that's all.

How would one go on record as spending their cbdc into the mystery that would surely trigger an audit?

How "astrology prognosis" or "equity training" paid in CBDC could be "mistery"? Anybody who will question such spending of CBDC will be immidiately deprived from CBDC services!

I see no problems with organising black market with CBDC. And unquestionable wokeness of those who push CBDC gives a perfect cover up for that black market. "Hey, psst, do you want to buy Iranian reals and rump up your social score?"

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CrazyRussian 1 point ago +1 / -0

I may not agree with you about theological significance of CBDC, but I appreciate idea that implementing CBDC needed for them for implementing biblical prophecy much more than weird assumption that "CBDC is necessary for them to ban cash".

So, we could add another possible explanation for CBDC - they need it for theological reasons, as a part of their relogious antichristian views.

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CrazyRussian 2 points ago +2 / -0

Why do you think they can't ban cash without CBDC but somehow suddenly can with CBDC? I still can't find any reason for such conclusion.

Your ability to hit a money changer for example as your only viable mechanism would be removed in due time.

In USSR exchanging rouble to a dollar was a crime with long jail time. But there was no problems to do that if you need. That's practice, not some assumptions. Why do you think they will succeed in banning underground exchanges if even USSR authorities was unable to do that?

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CrazyRussian 2 points ago +2 / -0

Can goto bank machine. Withdraw cash. Spend in unknown ways.

Can go to moneychanger. Exchange CBDC to cash. Spend in unknown ways.

What's the difference?

With cbdc it will not be possible. Every transaction will be recorded

I could easily imagine at least several ways how to do that with CBDC. All what will be recorded in CBDC blockchain is that you just paid for some innocent thing or service.

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CrazyRussian 1 point ago +1 / -0

With complete surveillance of your input salary all expenditures are captured. End to end.

This feature does not currently exist.

How many people get salary in cash now? I think most get it to card/bank account. So it is already captured.

CBDC does not prevent black market/exchange and gives no advantage over card/bank account.

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CrazyRussian 1 point ago +1 / -0

But it is senseless while there will be countries with cash. It will be relatively easy to just use the other country cash if your own country will get rid of it. There will appear a lot of gray/black exchanges where you "buy" something with CBDC in another country and immidiately get foreign cash from moneychanger. Then use that cash as you like. Another person who get that foreign cash could do the opposite - "do some service for a foreigner" along with giving cash to moneychanger and get CBDC.

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CrazyRussian 1 point ago +1 / -0

So you think that CBDC is just a fancy marketing move to gracefully force people into new rules of money turnover?

Well, I accept that theory.

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CrazyRussian 1 point ago +1 / -0

Why did DARPA create the "internet" when they could already achieve what they want with telegraph/phone lines + satellite comms?

The task was completely different. IP protocol is basically different from what is used for phone lines and satcom. Basic principles and achieved results are different. IP add completely new properties and features that are impossible to implement over phone lines with their SS7 or satcoms,

We do this in the software world: rewrite things to make things easier to manage while the first version of the rewritten software is just at parity with the legacy one.

Name me a single well-known software project that was rewritten from scratch and things become easier to manage.

All decent projects I know are polished and enhanced old code. Some did not changed a lot for decades, and all attempts to rewrite them in "modern language" or "to make easier to manage" by some stupid newfags failed completely.

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CrazyRussian 1 point ago +1 / -0

The one thing it gives is complete surveillance.

It already exists with card/bank account since the time they prohibit anonymous accounts and completely fucked bank secrecy.

When you withdraw cash noone knows how you spent

How many people you know who withdraw cash from their cards as soon as they recieve salary?

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CrazyRussian 2 points ago +2 / -0

You could always go direct to the local farmer and buy some food with cash.

You even don't need cash for that if you have something useful for farmer.

With CBDC it's a mouse click

Just like with card/bank account.

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CrazyRussian 2 points ago +2 / -0

but those are the problems

They could declare man a woman in a second signing some shitty law, but somehow doing something with sheeple bank accounts is a problem for them? Are you kidding me?

If they wanted to control how or where or on what I spent it, they couldn't

They already did it, and did it easily. During coronahoax in some places you was able to pay only with card. And they will easily do that again at much larger scale. Just sign a paper, and that's all. Then you could spend years and millions in courts, and even will be able to pay for that groceries in that shop in cash, but nobody will care, because sheeple will already forgot that they have such thing as cash earlier. They already forgot about cash, really and use bank smartphone apps, not even cards for payments,

Or, f.e. they could ramp up inflation and offer decent compensation to the money you have in your bank account, but not in cash. Who will still keep cash when you will need a bag of cash for a bottle of water or just a credit card with compensated money?

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CrazyRussian 1 point ago +1 / -0

There are many problems for them with the current system.

So name me a single technical problem that will have more complex solution than building completely new system from scratch.

I'm focusing on technical aspect, not juridical, legislative or whatever, because only technical problems could not be solved by just signing some paper.

Cash/debit cards (to a lesser extent credit cards) makes that difficult and cumbersome etc.

How? Technically. It is just a databases, where you could add fields, triggers, procedures, views, functions and create any logic for user you want. It is well-established, carefully tested and ready-to-go things in every single implementation.

CBDC wont be allowed to be exchanged to cash like debit card/credit card is.

What stop elites to not allow cash withdrawal from accounts? They already easily do that during coronahoax and sheeple gladly accept that fearing scary virus on dirty sheets of paper. There is no problem for them at all in that.

It's not a representation of cash, it's a new currency entirely.

Card/bank account never was "representation of cash". It is cash always was representation of official currency. Card/bank account was another representation of official currency.

So why they need "new currency", if they do? I'm not shure that CBDC will be "new currency". Everywhere it is "digital dollar", "digital yuan", "digital rouble", "digital %your_currency_name%". Not something completely new like "amero" or like euro was.

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CrazyRussian 1 point ago +1 / -0

What technically prevent using card/bank account for that? Or a record of SSN, or anything?

You just add fileds to whatever database and fill them with links to SSN, car plate, medical data and other databases. Do that in each database and you will have all that in any place at any moment. It is very simple to do technically. And you don't need CBDC for that at all.

What is the real differences between CBDC and card/bank account?

  • CBDC is based on blockchain, accounts on database.
  • CBDC is new from scratch, accounts is old
  • CBDC is fashionable and modern, accounts is routine
  • CBDC will need a lot of spending to implement, accounts is already in place.
  • CBDC, being centralized, have single point of failure - whoever own private key of blockchain, he could change anything already in it, accounts more distributed and you need many different accesses to change something in all of them.

And so on. I thing the key to CBDC puzzle is somewhere in such things, not in the stupid hype everybody discuss.

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CrazyRussian 1 point ago +1 / -0

I think they need a singular currency that also is on a block chain for it to work with all of these systems in real-time dystopia-style.

Singular currency could have sense only if most of the world is under the control. You can't create singular currency if nobody except few buddies agree to use it.

And again, there is no any technical problems to tie your card/bank account to all that UBI/SocialCredit/Metaverse, whatever and use that extended info in transactions to alter sums, limits, rates, taxes as they wish. And they have it right now without any CBDC.

I could imagine that there could be a singe worldwide CBDC with different local names but with shared blockchain, and that was one of my first guesses, but you need a unified world first.

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CrazyRussian 1 point ago +1 / -0

There is no answer to my question at all.

All things they pose as "how CBDC will be used" is already fully available in current card/bank system. Every single point they show. Technically there is no any problem at all to do all that with your regular card/bank account right now. So why do they need CBDC really?

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CrazyRussian 1 point ago +1 / -0

CBDC, like, e.g., ETH, is designed to be programmable, trackable, and non-fungible.

If you dig deeper in that terms, you will find out that there is no any problem with that things in card accounts too. Programmable - easily. Dtabase triggers and procedures are not a new things at all. Trackable - there is no problems of tracking anything in database. Non-fungible there is no problem in adding a column with unique number.

So, would the currency only be good/legit if you could withdraw 8 million dollars?

Obviously, there should be no any limit on sum of withdrawal. As on sum you could keep with you in travel and so on.

By your logic, even though the second amendment protects American citizens' rights to keep and bear arms, since we aren't allowed to have nuclear ICBMs, we might as well give up the second amendment, entirely. It's all just binary, no continuums, no nuance, etc.?

Seriously - yes, I think there can't be any limits on the owning of any tech. Use of tech outside your property - may be. But definitely not owning. It is just basically stupid. No government could prevent me from building and owning fusion reactor. And even from using it in my property. But it will be wrong thing if I will take my fusor and run it at voltage level when it began to shoot fast neutrons in a pub.

Would you rather have that scenario or a scenario where your car prevents you from going 1 mph over the speed limit, regardless of your tolerance for risk?

But how CBDC is different in that from regular card/bank account? If they want, they could right now implement such limit on card/bank accounts to prevent buying more than 2 rolls of toilet paper, f.e. Just in a second. And CBDC adds nothing to that ability.

Of course you could hack that system in car, or go to the black market trade of toilet paper, but you will be able to do it regardless of CBDC existence.

How about your car let you go over the speed limit and then automatically deducts a $100 ticket from your bank account, every time you go above the speed limit.

That is exactly like many road camera systems work in some EU countries and nearly same as it work in Russia (fine does not deducts immidiately, but if you will have too many unpaid, it will). Without any CBDC at all.

but it can (and will) get a lot worse.

And why they need CBDC for that, when they already have card/bank account system? I still don't get that. Not what they want to achieve with CBDC, but why they need CBDC when they already have everything needed in place. That is my question, not how CBDC planned to work and so on.

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CrazyRussian 1 point ago +1 / -0

I think that CBDC is a mokup or distraction of some kind. Because when you go to details about CBDC you will not find a single thing that require CBDC and can't be done using regular card/bank account system.

I don't see any real use of CBDC for those who try to implement it. They already have everything they need to do things they declare for CBDC.

Say, you already have a microwave oven. And then declare, that you have to buy another one, of different brand to do same things you already do with your old one. So why you want to buy new one, if there is no any real need for it? You like another brand? You want to impress somebody? You believed in ads? What is the real reason?

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CrazyRussian 1 point ago +1 / -0

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.

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CrazyRussian 1 point ago +1 / -0

they would be legally allowed to micro manage it without legal hurdles. They can't do that now.

They could legally introduce new form of money with all tons of legislations and other law crap, but they can't change some paragraph of current regulation? Are you kidding me?

Because banks don't have the authority to do that they are just a business not a govt entity

The borders of "just a business" and "govt entity" is nearly non-existent today. Banks could bribe govt entities and govt entities could force business to do anything. Whoever want level of control they attach to CBDC, they could do that with regular bank/card accounts right now without any problem. Either bribe/lobby govt entities, either changing regulations/laws for business.

You cannot go negative interest with cash in circulation

First, I'm talking about digital money - bank/card accounts. Second - inflation perfectly do exactly "negative interest" thing with cash. Longer you hold cash, cheaper it become, less things you could buy. Simple al that.

Cash have important property - it could be transacted and hold anonymously. Both card/bank accounts and CBDC couldn't.

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CrazyRussian 1 point ago +1 / -0

Literally everything you told could be implemented with your existing card/bank accounts without any problems. Everything.

How exactly CBDC is needed for that? What CBDC feature/property exactly?

There is no problems to limit spending from your current card. There is no problems to limit your card to some region. There is no problems to track any transactions from your current card account, apply discounts or fees for certain purchases, connect it to any social credit or compliance system, automatically scale/enlarge your payments according to your vaccination status, whatever.

I can't find anything that really need exactly new blockchain based form of digital money instead of existing database based one.

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