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The weirdest problem I see with this conspiracy theory is that I don't see the actual conspiracy? Like, USD is a fiat currency, it's backed by taxes. The only
by kmeisthax 2y ago
The weirdest problem I see with this conspiracy theory is that I don't see the actual conspiracy?
Like, USD is a fiat currency, it's backed by taxes. The only difference between a paper dollar in your hand, a dollar in a traditional bank account, and a dollar on the hypothetical FedCoin blockchain is how easy it is to spend, what gatekeepers are involved, and what anti-fraud/anti-theft tools you can avail yourself of. Moving from a traditional bank account to a CBDC doesn't make it any easier for the government to seize your funds - they already can do that just fine with basically anything.
- _heimdall 2y agoI believe the conspiracy portion of that theory is that the financial crisis would be triggered, or allowed, intentionally to create the excuse for a CBDC and fed bank. I don't see it as likely, just a theory I've seen floated.
- deleted 2y ago[deleted]