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It's always interesting to see opinions about crypto currencies by people that actually have no clue where it is about. Just wait until a few years from now wh
by cinnamonaed 4y ago
It's always interesting to see opinions about crypto currencies by people that actually have no clue where it is about.
Just wait until a few years from now when cash money will be phased out and replaced by CBDC's. That's when suddenly all those critics will wake up in horror and realize that money as we know it ceases to exist. What money is CBDC's than? Well, it's credits, social credits to be more precise, controlled by smart contracts, controlled by governments.
So with these government controlled smart contracts in place, how are you going to give your kid a 1000 bucks? If the government only allows you to give a maximum of 100, than that 100 limit will be programmed into the smart contract and your 1000 bucks transfer will be rejected. Or imagine you want to go a second time on holiday in a year. The smart contract might be programmed to only allow you 1 holiday a year due to carbon footprint, now you cannot book your flight. This is just the tip of the iceberg, when you just take a little time to think about all the ramifications, you should get worried. They are even planning to control how and on what you can spend the money you earn, it's written in publications, and no it's not a conspiracy..
The total control of humanity that CBDC's will bring is a horror story. It's comparable to the Chinese Social Credit System, but then on steroids. Much of the smart contracts will be run by AI. So, what are you going to do when for whatever flaw in the system or whatever reason your credits are blocked? You don't own money, have no wallet, you might not even be able to buy a piece of bread, whatever you credit score was before. That's what's in store for you crypto currency critics.
So please, do your due diligence and think twice before criticizing crypto currencies.
- raverbashing 4y agoI like this. It's quaint in how they mix and match different dystopias without basis in reality except for what their cryptobros came up with (they can't even tell if 561 is prime or not) "Smart contracts" okay, the cryptobros can't even make smart contracts for bored monkey pictures without shooting themselves in the foot 10 times, why do you think a government will suddenly need one of those to do anything? Why do you think the government needs an immutable ledger powered by inneficient computations to keep track of transactions when current DBs work just fine? The cryptobros can't even make lightning scale to the size of a small ecommerce site and want us to believe that somehow that's the future? But to be fair crypto has its uses: speculation and separating fools from their money
- cinnamonaed 4y ago[flagged]
- ephbit 4y ago> Why do you think the government needs an immutable ledger powered by inneficient computations to keep track of transactions when current DBs work just fine? They mentioned CBDCs, not blockchain.