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What did you order for lunch? Looking DEEP into CBDC by bearbear613

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· @bearbear613 · (edited)
$70.20
What did you order for lunch? Looking DEEP into CBDC
![image.png](https://images.hive.blog/DQmbSn4xWJ8bP685eYJsgqKk156F16x5F7UfsoiLQWiWT3f/image.png)

![image.png](https://images.hive.blog/DQmXnxxks72Q7bSAiwLbvkmWcKu38TmPzY24dAxAFU7kn5W/image.png)

https://youtu.be/UAGIzA6dH2c

Let's play a mind game

Crude ledger -> Efficient ledger

Banking system = Crude ledger

CBDC = Efficient ledger

CBLSS = Central Bank Ledger System & Software

It's really amazing how much #Bitcoin has evolved. It's mining and minting and hard caps all created so many crypto's.

Ok if you are a BTC maxi, then of course Bitcoin is different. Do the powers that be really care about what is different? 

What's really important is learning, adapting, and implementing something that works well. Many crypto projects have and will contribute to better 'technology'. What's the end game of such technology for governments? Well knowing exactly where you ordered, and even what you ordered. Can everything be on a ledger? Easily it could in order to be in 'compliance' with government agencies. Of course all business and services would need to sign up. What could possibly go wrong in the economic system for something like this to happen..

Sometimes the most obvious has to be called out. If there are open source projects, there's nothing from even stopping government from implementing amazing new technology. It's been speculated for a long time of what the governments of the world intend to use crypto for. Now it would seem the most powerful weapon of knowing what we do with our money is now in the control of the government. There's really nothing to stop them because you can be cancelled from transacting. This is a new form of control that which the free world has never seen. Of course this all has to be sold to us in the form of one crisis or another. 

In order for this Orwellian mission to come to completion is of course something seriously going wrong in our current economy. 

Seriously.. what could go wrong?

Alright Bear, so we have known this for a while. What's your solution? Well I have no freaking solution to this. The only thing an individual can do is own physical assets outside of the banks and government control. Of course this will be an accumulation before all physical assets are tracked and taxed. On the positive side of this is that on the retail government ledger system you will have proof of what you own. There will always be alternative currencies, but they will be created underground. #BTC could provide some kind of alternative but on ramps to  CBDC will track everything. Super ledgers will require KYC. 

![image.png](https://images.hive.blog/DQmYHL43piPDUpCAbtQKJy3a1cZwVjPFuKTmFu2xe8SinDp/image.png)

There will be plenty of solutions to goods and services that do not want to be tracked. Eliminate cash, eliminate crypto.. but some crypto's will be accepted. Remember the silk road was taking Bitcoin for assets and services. It could happen again including physical silver, gold, eggs.

Onboarding for complete control of what you spend may be enticed by universal basic income. Also banning cash will not exactly go well and there would be a swift move to privacy coins whatever they may be. I am not as fearful of the CBDC because the more Orwellian, the more people will figure out more privacy. Of course things could linger if they are that bad, but human beings eventually want a new solution. It would seem the powers that be never seem to understand that any consolidation of power leads to eventual freedom or rebellion. Making a society of slaves takes generations, and of course some kind of mind numbing encouragement for it to continue.

The taste of freedom is still on our lips. Erode the lifestyle slowly can make a slow transition of slaves, but going too draconian will insight rebellion for those that remember. We still remember freedom. Freedom will not go silently in the dark and the time period for their ponzi scheme is coming undone quicker then they may even replace with a CBDC. So the future is upon us and we must understand that some standards of living will go down, and people will pine for what they had. War, distraction, crisis will come in the future. It's not out of the question that localities will also figure out their own systems.





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vote details (446)
@apshamilton ·
$0.03
Governments will have no power if people simply refuse to use their money.

Hyperinflation or attempts to introduce CBDCs will just cause the population to rapidly shift to the already well established and far more efficient cryptocurrency financial system. Just download an app. There will be no ramps for the government to control. 
Those people and merchants who move to sound money will prosper and those that don't will suffer and fail and then follow the crowd over to the new crypto based financial system.

Governments can't actually force people to do anything if the people reject their money. Firstly there are never enough police and soldiers to force the people to act against their interests and secondly there will be very few police and soldiers willing to work for a government that can only pay them in something no one else wants.
👍  
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@bearbear613 · (edited)
This is why I ultimately think a large amount of the population will need to 'disappear'.  CBDC's isn't the solution to the craziness they have created. This is why I am most fearful of a big war. Best solution to them because as they lose their grip on power they will up the stakes. Covid has also proven the willingness of people to accept what the government dishes out. People will continue to trust them.
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@magnacarta · (edited)
RE: RE: What did you order for lunch? Looking DEEP into CBDC
The weak link for people wanting to use digital money which is not of the CBDC variety remains that initial buy of cryptocurrency using fiat money tied to a bank account.  For many of us here, we've already done that.

For people who have not done that prior to the CBDC going online, that's a problem due to KYC and AML laws.  What these people will need is a newly-created and fungible medium of currency to be used as a buffer between the CBDC and the money they truly want to use.

Maybe we should see what the imaginative people involved in the "intoxicant" business come up with as a way for them to continue plying their trade.
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@apshamilton ·
Crypto adoption levels are already sufficient for person to person transactions to distribute crypto to the the 85% who don't already have it without any need for on-ramps. Merchants can start accepting crypto for goods and services and acquire it that way.

Mass adoption of crypto could occur in a matter of weeks and governments couldn't do anything to stop it.
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@builderofcastles ·
$0.03
What i hate is all the cheese the CBs will put out to entice people into CBDCs.

And there may be a time while all the major grocery stores only accept CBDCs, and alternatives aren't around yet.  What do you do?  Steal the food, and leave some green paper on the counter as you leave so you do not feel bad?

Do we have websites where we can order "milk" but what we get in the mail is different?

Will CBDC completely fail because of a stupid reason, like the system locks up or locks everyone out for a week, and by the time they get it back, everyone is like, i ain't haven no more of that shitz?

What i hate is all the lies and cover ups.
Jaimey Diamond said cryptos bad, then cryptos good, then cryptos nuh huh, when he had to be in on CBDCs from the beginning.
👍  
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@bearbear613 ·
Identity theft is going to be fun! There's really no way for them to have complete Draconian control. Internet down? Won't accept cash? Social disorder will be epic. Perhaps this is why they want to reduce the population.
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@india-leo ·
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