Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by rep_movsd on Monday July 05, 2021 @11:44AM
(#27739087)
This is called the state backed banking system.
Eventually they will make all your money digital.
They will track everything you buy.
Then at the very least they will sell your information to advertisers, and at worst retain totalitarian control over all your purchasing power.
Its already happening in China - the state has the power to prevent people from travelling etc. based on their "social credit"
The US is making a CBDC (central bank digital currency). No matter how pure the intentions of creating a government backed digital currency are, it will degenerate into a means of control
Eventually they will make all your money digital. They will track everything you buy.
Then at the very least they will sell your information to advertisers, and at worst retain totalitarian control over all your purchasing power.
Its already happening in China - the state has the power to prevent people from travelling etc. based on their "social credit"
The US is making a CBDC (central bank digital currency). No matter how pure the intentions of creating a government backed digital currency are, it will degenerate into a means of control