Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on.
By far the most dangerous idea is that any future digital currency should be “programmable”. Meaning the people issuing the money would have the power to control how it is spent.
Governments and employers making sure the money they issue can only be used on “sensible” things, and not be used in “socially harmful” ways? It doesn’t take much imagination to see just how this system could evolve and re-shape society into a truly dystopian nightmare.
“Programmable Digital Currency”: The next stage of the new normal?
I have always disagreed that governments and banks control our money by limiting our spending, of course, it is the one that has enough money to spend, in the end the physical money in some parts of the world are taking a backseat, the digital currency takes over finance, despite the fact that many against "with China".
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The really dangerous part with this kind of digital currency is that they can even block you from purchasing specific items.
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Capisco.
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Le criptovalute sono decentralizzate, tutti contenti, dico sempre a una delle persone che sono ancora qui: non credo che i proprietari di banche stiano calmi, un mercato come questo non si può eludere, è troppo redditizio e è così che stanno le cose. Ora, scusa se te lo dico, ma siamo fottuti
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Non credo! Le banche stanno creando i loro soldi digitali perché hanno capito che non riescono a controllare le criptovalute!
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We do not have to rush to draw conclusions, we just have to observe what form it is taking, where all this is going, and with what intentions they are doing it. What we do know is that governments will always want to manipulate us and impose their methods.
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And this "programmable digitale money" is all about control!
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Hello @famigliacurione… I have chosen your post about “-“Programmable Digital Currency”: The next stage of the new normal?-” for my daily initiative to retest - vote and comment…
Let's keep working and supporting each other to grow in Steemit.
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Thanks for this post.
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You're welcome!
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