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59
Biden issues executive order on regulating cryptocurrency yet what is really concerning is that it really focuses on pushing towards the creation of a CBDC(Central Bank Digital Currency) (archive.ph)
posted 4 years ago by onetruephilosoraptor 4 years ago by onetruephilosoraptor +59 / -0
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– SufferableKant 1 point 4 years ago +1 / -0

Even the most generous explanations I've seen of CBDCs make them sound like something out of a dystopian novel.

All your wealth held by the government, who can revoke your access for any whim or fancy?

Your ability to pay for food held ransom by a single hiccup of The Almighty Algorithm?

Leading Experts using Established Science:tm: to decide just how much you should be allowed to spend on certain things, and discouraging you from deviating from their prescriptions via penalties and fines?

Bribing Encouraging people to donate and support woke shit by offering them reward points and incentives? "Earn an extra 100 social credits every day by sharing our Totally Organic Cultural Marxist Propaganda on your social media feeds!"

"Sign up today for our WrongThink:tm: Insurance programme that covers you for up to 10000* worth of social credits in the unfortunate case of you voicing or entertaining the wrong opinion on $latest_topic. Terms and conditions apply."

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