To say that this is a new digital currency is to say nothing. Yes, it’s not new at all. And while the men of the two countries (Ukraine, Russia) continue to kill each other, the banks of these countries sign an agreement on a single currency.
By the way, 83 countries have already signed up to this. And although in each individual country it will still be called as before: dollar, ruble, euro or yuan, in fact, this is the first single world currency. But it’s not money at all. The CBDC is not backed by anything, commodities, or gold. It is not and will not be in paper. These are your points, bonuses, which you (if you behave), can exchange for a product or service.
The digital “body” of this “currency” stores all information about all its owners and tracks their movements.
This currency cannot be accumulated, because it has an expiration date, having received it once, you must spend it before the specified period.
Moreover, the “Currency” has a designated purpose. If you were given 200 “cbcd bucks” for gas, then you will not be able to spend them. And that’s not all. CDBC, is tied to a place, for example, you spend it freely in Madrid but in Barcelona you are completely broke. To put it simply, if earlier you could decide how and where to spend your money, now with the introduction of CBDC it will be decided instead of you, not even by the government and not by banks, but only by the World Central Bank.
If earlier there were fines, a loss of some amount of money, in the CBDC system a fine is primarily a restriction on rights. Well, if you completely misbehave - blocking the account. There is no one to complain to, because the AI (Artificial Intelligence) makes all decisions.
There are pros. Corruption will completely disappear. Stealing becomes pointless. Punishment is inevitable and immediate.
Instead of private property, just permission to live in this house and everyone (well, almost everyone) has a minimum basic income in the form of “points” for a social wallet.
These systems have already been tested in Nigeria, Singapore, the Bahamas, Jamaica, Australia and, of course, in China! And as we are distracted by the war, they are preparing a surprise for us as well. The system has been tested and is ready for implementation next spring-summer in all 83 countries, including Ukraine.
Soon we will all be offered to open a social wallet where the first CBDC will be transferred, and the rest of the money, especially paper money, will disappear due to hyperinflation and the complete collapse of the traditional banking system due to the energy crisis (blackout) and, possibly, eco-catastrophes. But if suddenly there is no Internet, how come we are all left without money!? Don’t worry, everything is taken care of. Money is stored in a chip implanted in your finger, all transactions are recorded there, so when the Internet appears, they are synchronized with the bank. Well, if you don’t want to implant, don’t, wait for the Internet or go to the place where there is an internet.
Welcome to digital slavery! (April 28,2023 - Telegram Anastaci91)