4 ms·

It will happen: with national digital currencies the control will happen and as soon there is some real threat, people WILL be cut from the possibilities to mak

by pulse7 4y ago

It will happen: with national digital currencies the control will happen and as soon there is some real threat, people WILL be cut from the possibilities to make payments!

newsclues 4y ago
Anonymous payments are required for things to work, and will be taxed.
tokinonagare 4y ago
> and as soon there is some real threat No, the threat won't need to be anywhere close to real. It will be abused politically against whoever is disagreeing with the government, like it was against the truckers demoing in Canada. The banking system is actually already weaponized case when stakes are high. In my own nominally democratic country, access to loans for the presidential campaign is already refused by national banks to the party that ranked second the last two times. The leader then had to ask for Russian funding...
- jeromegv 4y ago
  Those "protesters" started having their banking denied once they started advocating for overthrowing the government. They were not just protesting, they were planning and requesting the government to be overthrown and guns were found. So at this point, it is possible that yes, the government will take exceptionally high measures to counter an attack against the state. Tons of people have been protesting about the Canadian government and COVID measures outside of that blockade (up to this day), and their bank account is still fine.
PeterisP 4y ago
I think that national digital currencies have less risk than the current private providers. While in both cases some people will be (I mean, already are) cut from the possibility to make payments, these aren't the same people and the impact is different. Government-run payment systems have to have explicit legal grounds to make decisions, and their ability to make discriminatory decisions is curtailed by constitutional requirements for fair and equal treatments. A government-run payment system can and will block payments which are for a purpose which the general society through their elected representatives has decided to be criminal, and if the society changes their mind (as it has on many things) they can legalize that stuff, and it will also become legal in the payment system. On the other hand, the current privately-run system can (and already does!) block payments which are for a purpose which a few unelected rich dudes have unilaterally decided do be undesirable; and if the society decides to legalize that stuff, they can ignore it as that's their arbitrary private choice and they can't be held accountable.
- ClumsyPilot 4y ago
  > the current privately-run system can (and already does!) block payments which are for a purpose which a few unelected rich dudes have unilaterally decided do be undesirable; and if the society decides to legalize that stuff, they can ignore it as that's their arbitrary private choice and they can't be held accountable People are obsessed eith the idea that censorship can only come from government, they are completely blind to the idea of that rich individuals have agendas and power to advance them.
- mrguyorama 4y ago
  What's more is that if government run and managed money comes around with this supreme court, you can rest easy knowing you can pay for pretty much anything other than an abortion with it.

by pulse7 4y ago

It will happen: with national digital currencies the control will happen and as soon there is some real threat, people WILL be cut from the possibilities to make payments!

newsclues 4y ago

Anonymous payments are required for things to work, and will be taxed.

tokinonagare 4y ago

> and as soon there is some real threat No, the threat won't need to be anywhere close to real. It will be abused politically against whoever is disagreeing with the government, like it was against the truckers demoing in Canada. The banking system is actually already weaponized case when stakes are high. In my own nominally democratic country, access to loans for the presidential campaign is already refused by national banks to the party that ranked second the last two times. The leader then had to ask for Russian funding...

jeromegv 4y ago
Those "protesters" started having their banking denied once they started advocating for overthrowing the government. They were not just protesting, they were planning and requesting the government to be overthrown and guns were found. So at this point, it is possible that yes, the government will take exceptionally high measures to counter an attack against the state. Tons of people have been protesting about the Canadian government and COVID measures outside of that blockade (up to this day), and their bank account is still fine.

PeterisP 4y ago

I think that national digital currencies have less risk than the current private providers. While in both cases some people will be (I mean, already are) cut from the possibility to make payments, these aren't the same people and the impact is different. Government-run payment systems have to have explicit legal grounds to make decisions, and their ability to make discriminatory decisions is curtailed by constitutional requirements for fair and equal treatments. A government-run payment system can and will block payments which are for a purpose which the general society through their elected representatives has decided to be criminal, and if the society changes their mind (as it has on many things) they can legalize that stuff, and it will also become legal in the payment system. On the other hand, the current privately-run system can (and already does!) block payments which are for a purpose which a few unelected rich dudes have unilaterally decided do be undesirable; and if the society decides to legalize that stuff, they can ignore it as that's their arbitrary private choice and they can't be held accountable.

ClumsyPilot 4y ago
> the current privately-run system can (and already does!) block payments which are for a purpose which a few unelected rich dudes have unilaterally decided do be undesirable; and if the society decides to legalize that stuff, they can ignore it as that's their arbitrary private choice and they can't be held accountable People are obsessed eith the idea that censorship can only come from government, they are completely blind to the idea of that rich individuals have agendas and power to advance them.
mrguyorama 4y ago
What's more is that if government run and managed money comes around with this supreme court, you can rest easy knowing you can pay for pretty much anything other than an abortion with it.