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Disagree. CBDC is a way of hijacking a democratic society to enforce rigid economic engineering. It is vastly asymmetric for the state, who can delete your life
by randomhodler84 5y ago
Disagree. CBDC is a way of hijacking a democratic society to enforce rigid economic engineering. It is vastly asymmetric for the state, who can delete your life savings with a click, or deflate your wealth to better accommodate debt.
There will be far less democracy if we ceed control of the money supply to politicians.
- rvense 5y agoThe state have enough control over the banks they they can already freeze, seize and surveil assets as they see fit. Any legal constraints on this (human rights and such) can also be applied to a CBDC.
- randomhodler84 5y agoI’d rather trust math, than a politician who claims to respect human rights. Do you know the only technology you can defend to protect human rights? Cryptography.