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This new EU regulation has nothing to do with preventing terrorism or money laundering, but rather paving the way for its CBDC. This is about power and surveill

by rahen 4y ago

This new EU regulation has nothing to do with preventing terrorism or money laundering, but rather paving the way for its CBDC. This is about power and surveillance.

epolanski 4y ago
This is nonsense, most money in the world is already digital only, Euro too, only a small % is paper/coins. I'm surprised by the amount of negativity around this news really.
- chmod775 4y ago
  So because people don't routinely make use of their freedom to pay in cash, it's okay to take it away? I now understand why some people in the states walk around openly carrying firearms, exercising their rights.
  - epolanski 4y ago
    What the hell is "freedom to pay in cash" even supposed to mean. Why would I, a buyer, have any reason to want to receive large sums of money phisically rather than digitally if it's not for tax evasion? Having lots of money on you is dangerous and a hassle. There's literally no good reason for this "freedom" that isn't tax evasion, money laundering or paranoid "being controlled".
    - Karsteski 4y ago
      It genuinely blows my mind that there are people like yourself who seem to act like they do not understand the concept of oppressive governments. It's all well and good to have this stance now, but what happens when you are the oppressed? I doubt you'd be singing the same tune
    - Georgelemental 4y ago
      Sending or receiving money digitally generally requires entrusting that money to a bank, and some people don't trust banks or can't easily get a bank account.
tonis2 4y ago
Yep,thugs will use crypto, but EU can force their will on people wallets easier.
- rahen 4y ago
  Thugs use cash, not cryptos. https://finance.yahoo.com/news/only-0-15-total-crypto-174206641.html https://finance.yahoo.com/news/only-0-15-total-crypto-174206... The share of illicit activities for cash is around ~5%, 33x more than cryptos.
  - tick_tock_tick 4y ago
    Damn that's insane! I feel like they have to be miscounting something or way more of crypto is "illicit activities" then I ever imagined.
    - rahen 4y ago
      "Bitcoin is for drugs" is the "Linux is for hackers" we had in 2000. I'm surprised technically educated people fall for it. https://www.quora.com/My-son-is-using-Lunix-an-illegal-hacker-operation-system-invented-by-a-Soviet-computer-hacker-named-Linyos-Torovoltos-before-the-Russians-lost-the-Cold-War-What-should-I-do-Should-I-report-it-to-the-police-Is-my-son https://www.quora.com/My-son-is-using-Lunix-an-illegal-hacke...

by rahen 4y ago

This new EU regulation has nothing to do with preventing terrorism or money laundering, but rather paving the way for its CBDC. This is about power and surveillance.

epolanski 4y ago

This is nonsense, most money in the world is already digital only, Euro too, only a small % is paper/coins. I'm surprised by the amount of negativity around this news really.

chmod775 4y ago
So because people don't routinely make use of their freedom to pay in cash, it's okay to take it away? I now understand why some people in the states walk around openly carrying firearms, exercising their rights.
- epolanski 4y ago
  What the hell is "freedom to pay in cash" even supposed to mean. Why would I, a buyer, have any reason to want to receive large sums of money phisically rather than digitally if it's not for tax evasion? Having lots of money on you is dangerous and a hassle. There's literally no good reason for this "freedom" that isn't tax evasion, money laundering or paranoid "being controlled".
  - Karsteski 4y ago
    It genuinely blows my mind that there are people like yourself who seem to act like they do not understand the concept of oppressive governments. It's all well and good to have this stance now, but what happens when you are the oppressed? I doubt you'd be singing the same tune
  - Georgelemental 4y ago
    Sending or receiving money digitally generally requires entrusting that money to a bank, and some people don't trust banks or can't easily get a bank account.

tonis2 4y ago

Yep,thugs will use crypto, but EU can force their will on people wallets easier.

rahen 4y ago
Thugs use cash, not cryptos. https://finance.yahoo.com/news/only-0-15-total-crypto-174206641.html https://finance.yahoo.com/news/only-0-15-total-crypto-174206... The share of illicit activities for cash is around ~5%, 33x more than cryptos.
- tick_tock_tick 4y ago
  Damn that's insane! I feel like they have to be miscounting something or way more of crypto is "illicit activities" then I ever imagined.
  - rahen 4y ago
    "Bitcoin is for drugs" is the "Linux is for hackers" we had in 2000. I'm surprised technically educated people fall for it. https://www.quora.com/My-son-is-using-Lunix-an-illegal-hacker-operation-system-invented-by-a-Soviet-computer-hacker-named-Linyos-Torovoltos-before-the-Russians-lost-the-Cold-War-What-should-I-do-Should-I-report-it-to-the-police-Is-my-son https://www.quora.com/My-son-is-using-Lunix-an-illegal-hacke...