121–130 of 157 posts
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What happened in Canada?
I assume the person you are replying to is referring to the government freezing the bank accounts of people who contributed to the trucker protests. Though it should be noted that this was done through existing bank infrastructure. CBDC would give governments much more granularity in controlling how people use their money.
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I believe I have a decent understanding of the subject, but I’d love to hear a good podcast about it. However, I’m not familiar with James Corbett, and googling the name seems to result in a lot of conspiracy-related stuff. 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?
Maybe listen and draw your own conclusions? In this episode he uses fringe sources like the American Bankers Association. He does cover conspiracies, but some conspiracies are actually true. This appears to be one of them. His channel was removed from social media for questioning the ever changing and largely incoherent COVID narrative. [0] [1] But if you or anyone else finds a more comprehensive resource, please sha…
That’s the thing, the same could be said of any random piece of media ever made, but I have neither the time nor the interest in going through all of it.
There are plenty of quality programs out there, and I don’t want to realize I should have spent that time listening to In Our Time an hour into the show.
I’m opposed to CBDCs. But this person generally seems to present himself as a conspiracy theorist, and I’d rather start with a more meat-and-potatoes approach.
And I’m not sure what removal from social media has to do with whether or not he’s worth listening to.
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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.
Your privacy is lost, your freedom is lost. Whatever you believed cash to be able to do is gone when the central government decides to block it.
That's all I'm saying.
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Who doesn't like paying 5% for getting the money that they already own?
I think the policy is outrageous, but that doesn't make the title correct. Also, 5% is not really significantly more than the typical fee an ATM already charges.
This is good for Bitcoin.
Once we have CBDCs and they are obligatory, the case for Bitcoin will be clear.
Once we have CBDCs and they are obligatory, the case for Bitcoin will be clear.
You think your internet provider will just allow you do a Bitcoin TX?
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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.
This is exactly correct, and also exactly why blockchain-based cryptocurrency has utterly failed to deliver on its promises to bring freedom from the tyrannies of fiat currency. In fact, the technology has been pivotal in ushering in this CBDC madness. Returning to the gold standard was always the best solution available, and we just ignored it to our own peril. It preserves both privacy and universal acceptability,…
As opposed to our current system which is a moderately fast way