CBDCs are dead on arrival. Society has never moved from a more saleable money, to one less saleable.
Thought experiment: a CBDC is soft implemented - no restrictions etc…as soon as it is “programmed” to not be able to be used for X, it immediately and perpetually trades at a discount to other money.
The most productive people will demand to be paid in something else. I can’t imagine a CBDC surviving for long, and ushering in a technocratic slave state.
If the money can’t buy what you want, it isn’t money, no matter the “decree” of governments. Venezuelans know this, and use cinder blocks as money, preferentially to government dogshit.
choke_this / 🦊🔫🥩🏴☠️⚡
npub1cp…222sp
2024-08-20 12:33:35
in reply to nevent1q…r4vu
Author Public Key
npub1cp6wlyvy3swhf2rrnjp2rn0hxu3tdzz89lqjppp6yw255lytwhgqs222spPublished at
2024-08-20 12:33:35Event JSON
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