Test your knowledge on the digital euro | Crypto Craft

  • Test your knowledge on the digital euro

    From ecb.europa.eu

    We are working with the national central banks of the euro area to look into the possible issuance of a digital euro. It would be a central bank digital currency, an electronic equivalent to cash. And it would complement banknotes and coins, giving people an additional choice about how to pay. "A digital euro would be a digital form of cash, issued by the central bank and available to everyone in the euro area." Digital euro: Central bank money in digital form, available for any electronic payments in shops, online or from person to person. Approaching the digital euro era: Does the digital euro mean the end of ... (full story)

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pt49
Dec 18, 2023 5:35am
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I will go so far as to say it is a precursor to planting chips into people to keep track of them, who they transact with, impose social tracking etc.
People should be aware that every Citizen that accepts CBDC's is entered into a government database and ALL transactions performed ARE tracked by government.
The government has the ability to restrict a citizens ability to use their CBDC's if said government see's fit.
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pt49
Dec 18, 2023 7:53am
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They have been testing a CBDC in China and it includes Social Credit Scores.
If you breach a threshold or are seen as "bad" they can and do restrict or turn off your CBDC, even if you have money value in it.
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rover99x
Dec 18, 2023 5:48am
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Quoting pt49
I will go so far as to say it is a precursor to planting chips into people to keep track of them, who they transact with, impose social tracking etc. People should be aware that every Citizen that accepts CBDC's is entered into a government database and ALL transactions performed ARE tracked by government. The government has the ability to restrict a citizens ability to use their CBDC's if said government see's fit.
I think it's a bit late for that, credit/debit cards already track us. Plus most of us carry smart phones that track our every move. Besides, does it really matter?
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Ferna
Dec 18, 2023 2:46am
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Test your knowledge on who supports it, and then offer it to them instead of including the rest of us in your financial Death Star.
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pt49
Dec 18, 2023 4:08am
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CBDC gives the Government a tighter control over its citizens... period.
It is next best thing to the "Mark Of The Devil".
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pt49
Dec 18, 2023 7:50am
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It does if you value freedom.
They say cash will still be in circulation... so WTF do they need a CBDC then?
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