Blockchain developer claims he found lines of code in the open source project of the pilot Brazilian CBDC that would enable 🇧🇷 Brazil's central bank to freeze funds 👀 - The Great Awakening - Where We Go Qne, We Go All!

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Blockchain developer claims he found lines of code in the open source project of the pilot Brazilian CBDC that would enable 🇧🇷 Brazil's central bank to freeze funds 👀 (twitter.com) Anyone shocked?

posted 1 year ago by catsfive 1 year ago by catsfive +313 / -0

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– xchainlinkx 2 points 1 year ago +2 / -0

Is BRICS "gold-backed currency" a red herring for CBDCs?

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– ddbb 1 point 1 year ago +1 / -0

I'm not sure what you mean. Can you flesh out your thought a bit?

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– xchainlinkx 1 point 1 year ago +1 / -0

Brazil is one of the major players of BRICS. If Brazil is creating a CBDC, then what's the goal of BRICS then?

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– ddbb 1 point 1 year ago +1 / -0

A gold-backed reserve currency like BRICS and a CBDC are not mutually exclusive. The CBDC aspect allows for "programming", regardless of how tight/loose the central bank's hands are tied due to the "gold-backed" aspect of the currency.

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