Re: How much longer until paper money is no longer in circulation?
CBDCs, in theory, might appear as a fantastic enigma, but in reality? They could spawn detrimental consequences for people and the social fabric. Eliminating physical currency coerces individuals into a perplexing, potentially disagreeable system.
Moreover, the notion of digital currencies enhancing transparency and responsibility? Highly debatable. CBDCs remain under government and central bank control, sparking surveillance and power misuse worries. Limited internet access? Forcing CBDCs isn't the remedy. Let's guarantee equal access to both digital and tangible cash.
Moreover, the notion of digital currencies enhancing transparency and responsibility? Highly debatable. CBDCs remain under government and central bank control, sparking surveillance and power misuse worries. Limited internet access? Forcing CBDCs isn't the remedy. Let's guarantee equal access to both digital and tangible cash.
Like it or not, change is inevitable. With the global economy on the brink of total collapse, central banks would have no choice but to proceed with their agenda of a "global reset". Phasing out paper money would be the first step towards ensuring both the central bank and the government has full control over the mainstream economy. They can simply remove paper money's status as legal tender to stop people from using it. Only then, they will force everyone to get into CBDCs.
This new digital cash system would give said entities more power than usual as they can easily trac and trace every transaction made in a digital ledger only they can control. With paper money, it's hard to keep track of payments made from one person to another due to its anonymous nature (fungible). Decentralized cryptocurrencies such as Bitcoin and Ethereum would be your only "escape route" from CBDCs. We're talking about decades before this happens, so sit back and enjoy paper money while it lasts. Just my thoughts
