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Posted
7 hours ago, Real McCoy said:

I don't either. but how come crypto is bad but cdbc is ok because its gubmint approved. Its also digital and volatile, no?

Yes. Crypto is crypto irrespective of the source.

Posted (edited)
7 hours ago, Real McCoy said:

I don't either. but how come crypto is bad but cdbc is ok because its gubmint approved. Its also digital and volatile, no?

 

30 minutes ago, rkt.india said:

Yes. Crypto is crypto irrespective of the source.

 

Cryptocurrencies and CBDCs are not the same thing. CBDCs are meant to be a replacement for fiat currency with cash being phased out. So CBDCs are gonna be comparable to a stablecoin like $USDT/Tether rather than the usual volatile cryptocurrencies. So while it will be digital it will not be volatile.

 

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The catch is that your CBDC wallet will almost certainly be linked to your Biometric ID making it easier for the Gobarmints to shut you off from the financial system as & when they see fit.

Edited by Jimmy Cliff
Posted
5 hours ago, Real McCoy said:

Before this, gobarmints tried to shut off criticism by cutting off power supply not its reaching into your pockets for your hard earned money. And they openly used the term "fiat currency" plainly in that article :laugh: So its not like they are trying to hide. Still the people are stupid when it comes to money. They are trying to bring this only to phase out cash. Just like how the aadhar was introduced as non-mandatory but now its mandatory. world has gone nuts :stupid:

How digital currency is going to be different than the digital transaction/online transactions currently available. Debit and credit cards. They are cashless too.

Posted
1 hour ago, Real McCoy said:

I think in one of the articles, they were b1tching about money and time it takes to print cash. I think they want to get rid of cash all together.

Don't think that's possible in a country of villages, at least for now.

Posted
3 hours ago, Jimmy Cliff said:

 

 

"Purpose specific". Beginning of the end :((

 

Isn't it UPI a digital payment solution? What will E rupi do?

Posted
31 minutes ago, rkt.india said:

You can trust the science, not scientists. They are after all just humans.

 

Bingo. Which is why they can be censored, threatened and even killed if they don't toe the line. Similarly they can be bought over just like politicians. Now Science worshippers will claim but muh peer review! Aise toh even Governments have CAGs as watchdogs but still there is corruption and scams. Same thing happens with Science which is basically Corporate/Political Science as of now. Most of the Scientists will eventually agree with the people who are funding them. Again this doesn't mean that each and every Scientist is actively working against the public but medical bureaucrats in positions of power will almost always be establishment puppets.

Posted
On 8/2/2021 at 7:09 PM, BacktoCricaddict said:

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Not linked to vaccines, but chips/sensors are certainly on the menu. 

 

Since some of these sensors/chips will be used to predict covid symptoms and stop people from infecting others, anyone who refuses to comply will be declared a potential super spreader/murderer hehe. Where have we heard that logic before? :hmmmm2:

 

 

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