Future total control by means of CBDCs

in Project HOPE2 years ago

With the emergence of cryptocurrencies opened the compass for digital transactions, and in most cases without intermediaries, which breaks to a large extent with the hegemony of banks, since they are not the only ones without intermediaries in transactions and can not always keep that large percentage of profits by "facilitating " the process of transferring money from one country to another, for example.

Now with stable currencies or any other cryptocurrency is this a much easier process, clearly. Regardless of what they allege as to "cryptos facilitate money laundering, or lend themselves to illicit business". This has always happened and will continue to happen, unfortunately, it is not something new, for example, the Swiss bank Credit Suisse is facing a lawsuit for money laundering of billions of euros, and all this in cash, with which they also bought real estate in Switzerland.

With all this I say that money has always been an instrument, whether digital or not, and the use that is given to it or the sources from which it comes, are not closely related to the way in which the money is expressed.


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Now, the main Central Banks of the World are working on the creation of their digital Currencies (CBDC), which will serve to have absolute control over the money and how citizens spend it. Even, as it already happens, if they want to block the funds in your account they could do it, they will have the total and absolute knowledge of what we do with our money, particularly I don't like that at all.

  • "There is a Mexican song that says: "if you give more power to power, the easier it will be to get fucked you..."

All the current serious economic problem has been caused by those same central banks, that is the reality, regardless of blaming the pandemic, which has its share in this, it is evident that the big beneficiaries in all this current process are few, and coincidentally they are the same as always, those who continue to fill their pockets.


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This is the main reason why I believe in this whole crypto movement and I don't like the idea of CBDC at all, because in a certain way I feel that I am not absolutely controlled by using cryptos but that will happen the moment CBDC comes into play, because they will know in a total way what we do and stop doing with what is ours, with what we have earned with effort.

Maybe it's a radical position, but governments ceased to be for me something to be trusted, just like centralization of power or finance, but it seems there's not much I can do about it, not beyond my own actions. I think that little by little they are taking -the powers that be- society to a stage where they make them more dependent as well as more dominatable... maybe it is a personal misperception of reality, perhaps.


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Digital money is getting more attention and now a days many countries are also working to bring the digital form of yet currency. CBDC is the same thing where people will be provided the option to use digital money for the same value that the Fiat currency carry and hopefully this is going to be easier and cost effective for the government.

"to be easier and cost effective for the government."

This is the main thing they are selling, that the elimination of fiat money will allow it to be less costly for the government by not having to print bills, but the reality is that the control there will be total. They practically can't control what we do with the cash bill, but with CBDC they will be able to.
It will be an absolute control.

I've never liked the idea of CBDC it's totally based on centralization which will monitor users activity it has zero privacy tolerance hope users see the need for decentralized tokens and take advantage of Blockchain currencies.

It is necessary for ordinary people to know that it is better to use crypto, to a large extent, than to give absolute control to the states to check our every move.

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Hello friend José.

The development of the Central Banks of each country in terms of digital currency, goes for the fear of what the crypto market is doing and its momentum that is being aggressively, these countries really do not want to lose economic control of the people and are seeing how to turn the matter around.

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