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A comment on The potential Orwellian horror of central bank digital currencies.

Re:The potential Orwellian horror of central bank digital cu... by naveen99 on Sunday July 11, 2021 @09:32PM (#27806007)
if you assume that the world order is controlled by the 1000 most powerful / wealthiest individuals in the world, they have more to gain from self custody enabled by bitcoin than everyone else. they also probably benefit more from financial privacy more than anyone else . Their incentives are aligned with bitcoin. Now they may not want to hold all their wealth in bitcoin, but surely some integer percentage, as big as 20%.
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Re:The potential Orwellian horror of central bank digital cu... by SignalNotSecure on Sunday July 11, 2021 @09:35PM (#27806028)
Completely disagree. They have even more to gain by being in absolute control, and bitcoin cannot be completely controlled, unlike a financial instrument which can be adjusted at the whim of the court systems and by decree from a central institution
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Re:The potential Orwellian horror of central bank digital cu... by naveen99 on Sunday July 11, 2021 @10:04PM (#27806181)
There is no central court or institution. Trillionaires don’t trust those things. The only absolute control is in themselves. The principal agent problem is not solvable at that level.
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Re:The potential Orwellian horror of central bank digital cu... by SignalNotSecure on Sunday July 11, 2021 @10:59PM (#27806473)
Trillionaires still work in teams; they don't operate in a vacuum. Their influence extends throughout government, which is how they enforce their will, using the police, military, and court systems.
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Re:The potential Orwellian horror of central bank digital cu... by knownjorbist on Sunday July 11, 2021 @09:42PM (#27806069)
Wouldn't the incentives be the exact opposite? The "top" 1000 people on the planet currently benefit from the existing system's hegemony.
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Re:The potential Orwellian horror of central bank digital cu... by naveen99 on Sunday July 11, 2021 @10:17PM (#27806242)
There is no hegemony at that level. It’s anarchy.
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