4 ms·

The counteracting force is Bitcoin, Ethereum, Monero, Zcash, Tornado Cash, etc. Wake up.

• starkd 4y ago
  Another counteracting force is people rising up against a CBDC. First, voting against any elected official that wants it. Second, by refusing to use it.
  • imglorp 4y ago
    Retailers are already not thrilled handling paper money. If government pressures them to drop it, and the digital currency has no fees they need to eat, paper will be gone quickly. Voters have minimal voice compared to corporate lobbies.
    • hellojesus 4y ago
      It would be possible to open your own store then, to sell goods to people for cash. It'll cost more to not be tracked by the gov, but the incremental cost buys you privacy.
    • starkd 4y ago
      It's one way to fight back. This could also spawn middle men, who will trade in the digital currency and sell for cash, thereby avoiding surveillance. But if there is a hill to die on, this is it.