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Klaus Hubbertz's avatar

The point is NOT digital- VS physical currency.

For larger sums or payments abroad, since decades, we're using "plastic/digital money" tied to a myriad of private banking institutes of OUR choice.

These banking institutes balance & transfer "wholesale" once a day between each other via the Central Bank(s). Any info about our particular purchase is "drowned" into the total transfer-sum; therefore CANNOT be known to the latter.

The point is that the new Central Bank DC, which completely overrides the individual commercial banks of our choice, CENTRALIZES any personal purchasing info down to the last minute detail IN ONE PLACE as our purchase is instantly registered at the CB. (where it can and WILL be interwoven to our E-ID, health-, financial-, movement info as well as our activities on public platforms, etc.)

THIS centralization which equals total transparency, along with the complete programmability of the digital currency, is the pivotal point for total abuse by the powers-that-be.

Everybody touts: Use cash as much as possible. Fine, but:

- the merchants where the plebes buys will dump it into a bank account from where it will disappear until NO CASH is left and

- who's gonna give the plebes cash in future ??? ... For sure NOT your employer, tax-refunds, etc.

Current regimes do not even have to mandate or coerce CBDCs: it's the merchants, institutions and corporations who will coerce their customers to use it ...

Welcome to fascism, the old euphemism used to describe marriage between regimes and private corporations to totally control their slaves. Better though, to call it CORPORATISM:

States, entirely run by unelected, narcissistic CEOs lacking any empathy to their human fellows but totally obsessed with raking-in stakeholder profits during their tenure.

Welcome to digital feudalism ... 🤣🤣🤣

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Rob Kay's avatar

Let's examine this idea of future European social credit systems. They're unlikely to be European-wide. Anyway, individual countries might form their own decisions.

The British Social Security System we have can provide an unemployed and disabled adult with £24,000 a year, tax free, and health benefits, and basically not incentivize them to go out to work at all, even to do a part-time job, or to go out to college because they'd lose benefit, they'd lose their income.

So I think the system is wrong, and I think social credit needs to be looked at a little bit more seriously than just discarding it as being a wicked plot.

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