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The litmus test for giving government power that could be irreversible is NOT what you think of those currently in power when you like them. It’s what your worst enemies would do with the same power because eventually they’ll gain access to it. #CBDC
If you’re progressive, imagine what Trump or DeSantis would do with CBDCs.
If you’re a conservative, imagine what Biden, Harris, or Newsom would do with CBDCs.
It’s not difficult to think these scenarios through. You must be ok with your political enemies having the power.
If you’re a conservative, imagine what Biden, Harris, or Newsom would do with CBDCs.
It’s not difficult to think these scenarios through. You must be ok with your political enemies having the power.
Government has no right to know what free people spend money on and who they associate with on a daily basis. Such invasion of privacy should require a warrant. With CBDCs, everything will be tracked. And if you think govt can be trusted, you haven’t been paying attention.
America is currently run by two corrupt and authoritarian parties. Different beliefs and goals but authoritarian in nature and attitude. Neither one can be trusted with unchecked power and unlimited information. They will abuse it as surely as water flows downhill.
If I choose to do so, I can walk out my door without a phone. I can pay cash for public transit, pay cash for lunch, pay cash for a coffee and a book, and spend my day reading in a way unknown to anyone. I doubt this will be possible in 2030. And there is inherent value in this.
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