Is Putin’s end game the roll out of a domestic CBDC?
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Is Putin’s end game the roll out of a domestic CBDC?
1–10 of 57 posts
Re: Is Putin’s end game the roll out of a domestic CBDC?
#2I like this because it flies a little further than some of the other explanations for puzzling aspects of events. However, it seems that all these goals could've been achieved much cheaper, with perhaps a little more time investment?
COVID would have provided a much better excuse for isolationism without sending troops anywhere. I think Russian troops in Ukraine has to be read as "Russia's rulers want to control more of that territory."
The apparent ineffectiveness may be an argument that the route to world peace is bureaucratic sclerosis and the inevitable realization of the SNAFU principle.
Re: Is Putin’s end game the roll out of a domestic CBDC?
#3This is a sobering perspective for all digital currency advocates: State-owned digital currency can lead to total control of population. Putin doesn't want Ukraine, he wants to isolate Russians to better control them.
Re: Is Putin’s end game the roll out of a domestic CBDC?
#4Izabella Kaminska... I always had a laugh about her features at FT I am glad she is doing the same shit posting at her own outlet. I am still not sure if she tries to do satire or if she is serious but you have to give it to her she is entertaining.
Re: Is Putin’s end game the roll out of a domestic CBDC?
#5This is a sobering perspective for all digital currency advocates: State-owned digital currency can lead to total control of population. Putin doesn't want Ukraine, he wants to isolate Russians to better control them.
He wants both. He wants the territory, either directly or via a puppet administration and, in service of that goal, he needs to control the population. Regarding territory, he'll take what he can get. He's in Ukraine because no one stopped him after Georgia and Crimea. If he succeeds in Ukraine, he'll keep seeking more.
Re: Is Putin’s end game the roll out of a domestic CBDC?
#6Izabella Kaminska... I always had a laugh about her features at FT I am glad she is doing the same shit posting at her own outlet. I am still not sure if she tries to do satire or if she is serious but you have to give it to her she is entertaining.
HN crashed the site so I can't tell
Re: Is Putin’s end game the roll out of a domestic CBDC?
#7This is a sobering perspective for all digital currency advocates: State-owned digital currency can lead to total control of population. Putin doesn't want Ukraine, he wants to isolate Russians to better control them.
> State-owned digital currency can lead to total control of population.
He absolutely does not need to do this thing to have total control of the population. North Korea has total control of its population without digital currency, does it not?
The fundamental way Putin has total control of his population is by having his opponents poisoned, thrown out of windows, or into prison. He has neutered the political system around him, he's shutting down independent media, it's a crime punishable by 15 years in jail to tell anything other than his story about the war, etc.
Why does he need to do anything with a cryptocurrency? He can just keep crushing and killing people.
I can't read the article but I am already sensing from the comments that it is probably totally crackers.
Re: Is Putin’s end game the roll out of a domestic CBDC?
#8Re: Is Putin’s end game the roll out of a domestic CBDC?
#9This is a sobering perspective for all digital currency advocates: State-owned digital currency can lead to total control of population. Putin doesn't want Ukraine, he wants to isolate Russians to better control them.
The Federal Reserve keeps floating the idea of a state-issued crypto here as well....
Re: Is Putin’s end game the roll out of a domestic CBDC?
#10Izabella Kaminska... I always had a laugh about her features at FT I am glad she is doing the same shit posting at her own outlet. I am still not sure if she tries to do satire or if she is serious but you have to give it to her she is entertaining.
Izabella didn't write it - the top line mentions it is a guest post.
> IK – I’ve received a guest submission from an informed source that I can vouch for (to some degree). The author wishes to remain anonymous but what I can tell you is that he runs a global technology company from the UK and has close family and assets in both Russia and in China.