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Who doesn't like paying 5% for getting the money that they already own?
What makes you think you own money on your bank account?
[1] https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_fina...
For anyone learning about CBDCs for the first time, here's a podcast that goes in depth about them. [0] [0]: https://www.corbettreport.com/cbdc/
Which is not to say CBDCs aren’t conspiratorial enough on their own, but is that an educational show, or is it more politically oriented?
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> there are infinite applications on the spectrum of good and evil. Which means it should be firmly in the hands of the people and never in those of a centralized government, in particular, never one which collects taxes directly from the people. > If we are going to allow programmable money, we must allow competitors (e.g. citystate crypto, nationstate crypto, non-CB crypto) and incumbent payments like cash. Well..…
> Which means it should be firmly in the hands of the people and never in those of a centralized government I don't understand this sentence. In political discourse, "the hands of the people" usually means the people corporately i.e. the nation through their representatives in parliament. If the people can't control the currency through parliament and government, how do you stop private or foreign interests from taki…
Also, why are the "strongest and richest" objectionable to you, but not the government? That statement describes the government perfectly, and the main thing that distinguishes them from individuals who are privately wealthy is holding a monopoly on violence that's used to forcibly extract wealth while producing nothing in return.
We need a separation of money and state.
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China was the leader in the push to pure cashless society. Cash still works, but only in small amounts. Lots of HNews'ers claim cash is the only way to keep your freedoms, but that simply glosses over the fact that even if you have piles of cash under your bed, you can't do anything meaningful if the government decides to prevent/limit banks from accepting cash deposits - say in a 5 year timeframe. After a while, bus…
I don't hear people saying cash protects freedom, but is does protect privacy . Can it be taken away, yes of course, if people don't care about privacy (and most don't) and don't use it then it can, and that seems to be a project in progress.
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> Well.. precisely. At this point, though.. what incentive to the population is there for a central government "programmable" token of value? None
Effective taxation in a country that's suffering heavily from tax evasion. Fighting fraud more effectively. I can't think of any other pleasant idea. It all boils down to applied surveillance.
That can be done with a simple receipt. No need to 'invest' tax payer money into a complex CBDC system.
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Article’s title is clickbait; It’s an anti money laundering measure in general not directly to push CBDC.
You serious?
Yes, i’m serious. I don’t see anything directed to use strictly CBDC here. They seem like to tackle tax evasion for business and individuals (read it like: traceable) In many countries there are limits on what you can do with cash already.
I'm all in for tech innovation but after what happened in Canada, I can't stand behind this "innovation".
I'm all in for tech innovation but after what happened in Canada, I can't stand behind this "innovation".
What happened in Canada?
Once we have CBDCs and they are obligatory, the case for Bitcoin will be clear.
They will thank to all the opensource projects that helped to mature CBDC, and kick them out.