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But that's exactly the point people are making in this thread: people don't care enough, or don't have their shit together enough, to fight back even if they ar

But that's exactly the point people are making in this thread: people don't care enough, or don't have their shit together enough, to fight back even if they are being surveilled and manipulated and used for profit.

walterbell 5y ago
> people don't care enough, or don't have their shit together enough, to fight back even if they are being surveilled and manipulated and used for profit. Yet. Some fintech/crypto/CBDC proposals on the table are orders of magnitude more intrusive than anything in the history of money. Let's see how current events impact public perception. How many people have seen this clip from the IMF meeting in Oct 2020, where Swiss BIS director Carstens commented on CBDCs, https://www.youtube.com/watch?v=mVmKN4DSu3g&t=1451s https://www.youtube.com/watch?v=mVmKN4DSu3g&t=1451s > With cash, we don't know who is using the 100 dollar bill today ... a key difference with CBDC is that the central bank will have absolute control on the rules and regulations that determine the expression of that central bank liability .. also we will have the technology to enforce that ... if an advanced economy issues a CBDC, and someone in a 3rd country wants to use it, it will require the consent of the central bank of the residence of that person, therefore the degree of control will be far bigger. On a topic of interest to children everywhere, a June 2021 comment, https://www.msn.com/en-gb/money/other/bank-of-england-tells-ministers-to-intervene-on-digital-currency-programming/ar-AALhtDP https://www.msn.com/en-gb/money/other/bank-of-england-tells-... > Tom Mutton, a director at the Bank of England, said during a conference on Monday that programming could become a key feature of any future central bank digital currency ... what happens if one of the participants in a transaction puts a restriction on [future use of the money]? ... Sir Jon Cunliffe, a deputy Governor at the Bank, said digital currencies could be programmed for commercial or social purposes ... “You could think of giving your children pocket money, but programming the money so that it couldn’t be used for sweets. There is a whole range of things that money could do, programmable money, which we cannot do with the current technology.”

walterbell 5y ago

> people don't care enough, or don't have their shit together enough, to fight back even if they are being surveilled and manipulated and used for profit. Yet. Some fintech/crypto/CBDC proposals on the table are orders of magnitude more intrusive than anything in the history of money. Let's see how current events impact public perception. How many people have seen this clip from the IMF meeting in Oct 2020, where Swiss BIS director Carstens commented on CBDCs, https://www.youtube.com/watch?v=mVmKN4DSu3g&t=1451s https://www.youtube.com/watch?v=mVmKN4DSu3g&t=1451s > With cash, we don't know who is using the 100 dollar bill today ... a key difference with CBDC is that the central bank will have absolute control on the rules and regulations that determine the expression of that central bank liability .. also we will have the technology to enforce that ... if an advanced economy issues a CBDC, and someone in a 3rd country wants to use it, it will require the consent of the central bank of the residence of that person, therefore the degree of control will be far bigger. On a topic of interest to children everywhere, a June 2021 comment, https://www.msn.com/en-gb/money/other/bank-of-england-tells-ministers-to-intervene-on-digital-currency-programming/ar-AALhtDP https://www.msn.com/en-gb/money/other/bank-of-england-tells-... > Tom Mutton, a director at the Bank of England, said during a conference on Monday that programming could become a key feature of any future central bank digital currency ... what happens if one of the participants in a transaction puts a restriction on [future use of the money]? ... Sir Jon Cunliffe, a deputy Governor at the Bank, said digital currencies could be programmed for commercial or social purposes ... “You could think of giving your children pocket money, but programming the money so that it couldn’t be used for sweets. There is a whole range of things that money could do, programmable money, which we cannot do with the current technology.”