RE: CBDCs, The Poop of Cash Eating ATMs
You are viewing a single comment's thread:
I love my cash...
China is still underdeveloped if you compare it to Eastern Europe. I mean China as a whole, not the coastal cities sold to the world as standard for China. This are two different things. Digital currency will be all about control and tracking of money. China has this rating where they track every citizen and give them scores on behavior. If you vote against the party, you lose points. If you have friends that are not voting the party, you lose points. This is also what they do with the money, if the system sees that you buy something that they don't like, you lose points and your life is a mess..
That is why when I have to chose FIAT, I chose cash for the control of it..
Posted Using LeoFinance Beta
Me too. I keep most of my money in cash and just a few hundred bucks on revolut for every day purchases.
I agree on everything you said and for the above mentioned reasons I disregard this pandemic because it pushes the world towards that totalitarian system similar to China.
I have said it multiple times and will say it once again, when cash will go extinct it's bye bye freedom.
Posted Using LeoFinance Beta
It might be than the age of Monero or other privacy coins ;)
Posted Using LeoFinance Beta
Yes. For now I stick with my classic way: cash and crypto and will continue as such for as long as possible.
Posted Using LeoFinance Beta