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China launches digital money that expires if you don't use it. Were you so foolish that you thought this was a conspiracy? 😳 137 countries are developing the same thing. Nobody asked for it. Digital prison, total control. Shitty world. (bfsi.economictimes.indiatimes.com) These people are STUPID!

posted 57 days ago by seernewday 57 days ago by seernewday +165 / -0

Digital Currency: Yuan comes with an expiry date: Spend or it will vanish

Yuan: China's digital currency is programmable to have an expiry date, which gives its central bank to effectively and boost consumption demand or impose negative rates as required.

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– redtoe-skipper 4 points 57 days ago +4 / -0

Its not the "digital shit" per se. Note what .govs around the world are doing:

regulate payments and the value of money
set up gatekeepers by regulations: KYC, ATF, AML, and other acronyms.
Infuse the system with third parties: custodians and payment processors
Amend the tax code such that these assets needs to be reported.

create a problem -> serve their solution.

.gov hates digital currencies like BTC, BCH, ZEC, because:

they do not control it
it is either private or anonymous.
it does not need any intermediary.

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