nate on Nostr: In the country where I was born, Brazil, we are living a moment of tension, where ...

In the country where I was born, Brazil, we are living a moment of tension, where powerful politicians are seeking to work to increasingly censor people, controlling what they do with their money. Not only has Twitter fallen, but they are now creating a currency called DREX.

With DREX, the government can monitor and control citizens' financial transactions more easily, raising concerns about financial privacy and the potential for censorship. Unlike decentralized cryptocurrencies like Bitcoin, DREX will be controlled by the Central Bank, which could lead to abuses of power. If the government imposes restrictions on DREX usage, that could severely impact financial freedom. Additionally, implementing a digital currency requires a robust technological infrastructure, and any technical issues could result in financial losses or data breaches.