Meme. REJECT CBDC. Centralization BAD. Decentralization GOOD.
(media.greatawakening.win)
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Centralization would be okay if we could trust the people in charge, but we can't, and we'll never be able to.
I agree
Even if a centralized currency would be started by a centralized organization composed of 100% people with Good behaviors only. Right away, this centralized organization would be targeted by people with Evil behaviors. Then, infiltrated. Next, its top would be taken over. Which is BAD for you, the working citizens.
People with Evil behaviors are extremely attracted to any type of CENTRALIZED organizations. This is what they want the most.
While at the same time, those same people with Evil behaviors are extremely TERRIFIED of any type of DECENTRALIZED organizations.
Most people with Good behaviors who tried DECENTRALIZED organizations love it. Simply because DECENTRALIZED organizations LOVE YOU BACK, and facilitate healthy competition. Which is good for you, the working citizens.
Digital currency is bad.
Digital currency of any kind or sort is bad.
And no. It can't be protected. And no. It's not "because you don't understand how it works". It's a pipe dream.
If it's digital it's hijackable and manipulatable. If it can be tracked so efficiently as digital transfer would require than it is a control mechanism. Period.
This is good in the same way the vax was safe and effective and everyones stuff would be safe on the cloud and if you use VPN govs can't mess with your data.
We need the possibility of having cash and trade in kind. Anything that is all electronic is controllable from a central location and way too insecure.
I disagree. CENTRALIZED digital currency is not to be confused with DECENTRALIZED digital currency.
Examples of really DECENTRALIZED digital currencies (cryptos)
• Monero at https://www.getmonero.org
• Bitcoin at https://bitcoin.org
• Bitcoin Cash at https://bitcoincash.org
The main benefit of Monero is that it has a much stronger privacy than both Bitcoin and Bitcoin Cash. Also, Monero is supported by the third-largest team of software engineers.
Bitcoin Cash is an improved version of Bitcoin. For example, but not limited to, faster transactions and easier to scale bigger than Bitcoin.
If a state is interested to issue a digital currency, how about using an already existing DECENTRALIZED digital currencies (cryptos). Either:
• As is. That is to say, use the already existing decentralized digital currency. Optionally, support it as a sponsor. With donation, or patch, or any other type of contribution to your liking. Conditional to support it WITHOUT strings attached. So that it fully remain DECENTRALIZED.
Decentralized Exchange
In addition to DECENTRALIZED crypto. For those who needs a very advanced DECENTRALIZED EXCHANGE software, I suggest the fully FREE Bisq at https://bisq.network
Your benefits with Bisq:
• Bisq is 100% decentralized.
• Free software. No license to pay.
• Government and organization cannot block you. No censorship. You are really free to trade with anyone to your liking and express yourself. Of course, within the legal limits of your local community.
• No servers that could be seized.
• Libre software (Open source). So stronger privacy and stronger security.
• Video channel at https://www.youtube.com/c/bisq-network/videos
More funny memes about Evil CBDC in my related blog at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905
The gold-backed US dollar was THE decentralized currency (along with any other currency where paper could be exchanged for gold at a fixed rate).
No internet involved; no hacking possible; you just pay for something with cash -- coins or bills -- and you're done; no record of your transaction to add to a Credit Score file. If the power goes out for a year, people still have whatever cash they kept at home and the economy can limp along instead of being unable to handle a single transaction other than barter.
Gold and silver have beneficial properties that NO digital money can match, UNLESS that digital money system includes gold and silver coinage that is interchangeable with the digi-coinage at a fixed rate. Digital currency, like paper money, is fine if it's a CONVENIENCE -- but not on its own, even if the public is "promised" that gold backs the blockchain-based money.
"Really! There's gold backing every one of our ShitCoins! Would I lie?"
Peer to peer private crypto transactions using precious metals instead of fiat currency can destroy the banking system when it comes to interstate and international transactions.
Pairing something like monero with metals instead of fiat has the potential to completely put banks out of business
I agree! As long as gold and silver coins can ALSO be used for transactions, AND as long as you digital money can be exchanged for a fixed amount of gold and/or silver, IRW.
For those interested in a GOLD-BACK currency. You might be interested in FACTS MATTER's Video: BRICS Nations Announce Plan For Joint Currency Backed By GOLD🪙. New Global Reserve Currency? https://greatawakening.win/p/16ammr1GqN/facts-matters-video-brics-nation/c/