4 ms·
Tin Foil Hat Theory: Step 1 - Create your own digital currency. Step 2 - Assign everyone a social 'credit rating' Step 3 - Get public services to adopt your
by aphextim 7y ago
Tin Foil Hat Theory:
Step 1 - Create your own digital currency.
Step 2 - Assign everyone a social 'credit rating'
Step 3 - Get public services to adopt your digital currency.
Step 4 - Get government to adopt your digital currency.
Step 5 - Gateway certain public events/services depending on social credit score/pay with digital currency you can only acquire with a good standing social score.
Step 6 - Loans, services, ability to pay and interact with society depends on your social credit score and access to the digital currency.
Step 7 - One world cashless society with a privately controlled currency to keep citizens in line.
All kidding aside, I am sure they see value in becoming their own bank and not having to pay 3rd parties all the times for transactions. Heck they may convince employees to be paid in libra and other things which would cost them less in fees compared to using the traditional banking system.