Post
Topic
Board Economics
Re: Swiss Franc become a new Cryptocurrency ;D
by
Fademigo
on 08/11/2023, 16:16:53 UTC
CBDC are evil.
We have many concerns and risks that involves CBDCs and I would not call them "crypto" - they are just digital form of fiat money

Privacy concerns:
-CBDCs could compromise financial privacy as they would enable central banks to monitor transactions and track individuals spending patterns constantly 24/7 and than analyse it via AI so there's no freedom at all

Cybersecurity risks:
- CBDCs could be vulnerable to cyber attacks, which could lead to financial losses and instability, only bitcoin blockchain is 100% safe, other forms on internet can be hacked potentially so idk, 1 day you wake up and balance is 0

Reduced bank deposits:
- could lead to a reduction in bank deposits, which could affect the stability of the banking system

Programmable spending:
- CBDCs could enable governments to program spending, which could lead to restrictions on what people can buy and how much they can purchase. I mean, this is already happening with some apps, paypal is not far from this, Canada had protesters bank accounts blocked

I mean, when we speak about freedom already today without CBDC goverment can block your funds, imagine what can they do if they implement digital fiat money...
Anyway, CBDCs are all crypto is fighting against