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originally posted by: Nickn3
I’ll just spend cash. If my representative were to vote for such a law we would be waiting for his return home with pitchforks and torches.
In communist countries it will , but not in the West , because we are a capitalist society.
originally posted by: surfer_soul
a reply to: crayzeed
The whole point of CBDC’S is to control how you spend your money, it will be tied in with personal ESG scores. If you’re rich enough you will be able to offset this as with carbon credits, otherwise you will have limits on most things. They don’t really want you to leave the 15 minute cities never mind holidays abroad.
No one in America cares if you have good or bad credit or are a criminal , just as long as you are buying stuff.
What are you talking about?
My comment has nothing to do with loans or jobs . Drug dealers stimulate the economy.
originally posted by: IndieA
a reply to: psychotrail
No one in America cares if you have good or bad credit or are a criminal , just as long as you are buying stuff.
What are you talking about?
Lenders still care about credit scores and employers still care about criminal records.
originally posted by: psychotrail
What are you talking about ?
originally posted by: nugget1
They also need a law prohibiting any malfunction of all computer systems connected to banking.
Ok then ?
originally posted by: nugget1
originally posted by: psychotrail
What are you talking about ?
originally posted by: nugget1
They also need a law prohibiting any malfunction of all computer systems connected to banking.
If/when the internet goes down, either due to hacking, power disruption, whatever people won't have any way to pay for things.
I forget not everybody gets attempts at humor; sorry.
originally posted by: psychotrail
In communist countries it will , but not in the West , because we are a capitalist society.
originally posted by: surfer_soul
a reply to: crayzeed
The whole point of CBDC’S is to control how you spend your money, it will be tied in with personal ESG scores. If you’re rich enough you will be able to offset this as with carbon credits, otherwise you will have limits on most things. They don’t really want you to leave the 15 minute cities never mind holidays abroad.
No one in America cares if you have good or bad credit or are a criminal , just as long as you are buying stuff.
Do you think Amazon , Hollywood , Microsoft etc want their products limited to who can buy based on a social score like in China ?
Look at the big picture here
The richest people in the world happen to be capitalists.
originally posted by: surfer_soul
originally posted by: psychotrail
In communist countries it will , but not in the West , because we are a capitalist society.
originally posted by: surfer_soul
a reply to: crayzeed
The whole point of CBDC’S is to control how you spend your money, it will be tied in with personal ESG scores. If you’re rich enough you will be able to offset this as with carbon credits, otherwise you will have limits on most things. They don’t really want you to leave the 15 minute cities never mind holidays abroad.
No one in America cares if you have good or bad credit or are a criminal , just as long as you are buying stuff.
Do you think Amazon , Hollywood , Microsoft etc want their products limited to who can buy based on a social score like in China ?
Look at the big picture here
It’s merely an illusion of a capitalist society, what we actually have is a corporate monopoly closer to facism. Black rock and Vanguard practically own everything.
As for buying stuff they are transitioning to subscription based services where you rent as opposed to owning anything, as the average person increasingly finds themselves economically disenfranchised and having to rely on UBI to meet their basic living costs, these companies you mentioned are inevitably going to take a hit.
They too have been propped up by massive bailouts from the government, indirectly or not the capitalist system has already failed.