2 ms·
the basic trade-off which is not mentioned: - programmable; which means the gov can decide what you can and can't spend your money on - no privacy; every tran
by dimensionc132 4y ago
the basic trade-off which is not mentioned:
- programmable; which means the gov can decide what you can and can't spend your money on
- no privacy; every transaction is recorded (physical money is anonymous)
- gov can freeze your money/address/account so that you can't spend money for various reasons; it is the ultimate Orwellian control over your life if you have been a bad citizen (see china and it's implementation of the social credit system)