China has already announced one, as have about a dozen other countries including most recently Nigeria, which in early October will roll out the eNaira…
…a Central Bank Digital Currency [is not] a State-level embrace of cryptocurrency — at least not of cryptocurrency as pretty much everyone in the world who uses it currently understands it. Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction.Edward Snowden
If, as planned, physical currency is eliminated in favor of CBDC (Central Bank Digital Currency), every transaction will become a part of the social score of both parties. “They” will know what size, brand and color of socks you prefer. The plan could be disrupted, or at least delayed, if enough people hold onto hard assets — IOW almost anything whose ownership is not defined by paper or digital record. Let’s hope the train has not yet left the station.
Big Brother (I don’t know it’s preferred pronoun) has already graduated from University, been named to a Rhodes Scholarship, completed advanced studies with CPUSA, and is now ready to assume rightful position as Exalted Ruler of the Nation of Incorrigibles, where responsible Energy use, sensitive Social concerns, and deep respect for Governance will determine your path to owning nothing, and being happy; an assigned partner to each according to his happiness score.
Will it all be recorded to a CBDC centralized government blockchain too?
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