Yeah this will be probably be the flaw in their logic that'll become apparent to a lot of people. Can't wait to see how they spin the CBDC detractors as insurrectionists/ white supremacists!
The digital ID and currency isn't reliant on a network. The designs in Canada seem to include some sort of device that allows offline 1 to 1 transactions. I would assume the network just gets updated later when connectivity is available.
Yeah I'm not sure, but did a survey online about, obviously expressed displeasure, but in the survey there was information including a graphic that appeared to be some sort of card, beaming info to another card while it was talking about transferring money while the network was unavailable.
Interesting, thanks for the link. So essentially it acts like a “promissory” note, and it still requires an internet connection to confirm the transaction. Importantly, you can’t spend the money you gained offline until you reconnect.
Seems like it could work but I would still expect hackers to take advantage of it - which is great because the quicker we break the trust of this CBDC sysyem, the more people will seek alternative methods.
Probably the same way the vaccinated were convinced that the unvaccinated could give them covid.
Yeah this will be probably be the flaw in their logic that'll become apparent to a lot of people. Can't wait to see how they spin the CBDC detractors as insurrectionists/ white supremacists!
The digital ID and currency isn't reliant on a network. The designs in Canada seem to include some sort of device that allows offline 1 to 1 transactions. I would assume the network just gets updated later when connectivity is available.
I don’t see how that’s possible. Offline transactions are susceptible to double spend attacks and other fraudulent transactions.
Yeah I'm not sure, but did a survey online about, obviously expressed displeasure, but in the survey there was information including a graphic that appeared to be some sort of card, beaming info to another card while it was talking about transferring money while the network was unavailable.
Found this: https://coingeek.com/bank-of-canada-experiments-with-offline-cbdc-payments/
Interesting, thanks for the link. So essentially it acts like a “promissory” note, and it still requires an internet connection to confirm the transaction. Importantly, you can’t spend the money you gained offline until you reconnect.
Seems like it could work but I would still expect hackers to take advantage of it - which is great because the quicker we break the trust of this CBDC sysyem, the more people will seek alternative methods.