quoting nevent1q…3wwhTHE FUTURE OF FIAT - CENTRAL BANK DIGITAL CURRENCIES 🏦
How do you convey the risks of a #CBDC to those uninterested in finance?
They're coming, whether people want them or not. There will be no vote.
Learn how a CBDC will affect your financial future.
Let's begin.
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WHAT IS A CBDC?
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WHAT DOES A CBDC ENABLE?
The programmable nature of a CBDC will unlock capabilities that are not feasible in the current fiat financial system.
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THE "FINANCIAL INCLUSION" MYTH
"Our regulatory system is actively excluding people from access to finance. We have finally reached the point where access to basic financial services has become a privilege" - Andreas Antonopoulos
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THE INNER WORKINGS OF A CBDC
CBDC plumbing is constantly evolving, yet the end goal remains the same - more control.
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IS THE CURRENT SYSTEM ALREADY LIKE A CBDC?
It is true that the majority of fiat money is digital. What makes a CBDC uniquely dangerous is not that it is inherently digital, but rather how it can be packaged with other tools of the state.
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THE QUIET PART, OUT LOUD
No need to take my word for it.
Hear from the architects of our CBDC future.
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HOW WILL A CBDC IMPACT COMMERCIAL BANKING?
I've witnessed first hand a major commercial bank trying to come to terms with its role in a CBDC future.
Familiarise yourself the basics of commercial banking and how a CBDC alters the incentives of the incumbent system.
CAUSE FOR OPTIMISM
On a long time horizon, some contend (myself included) that CBDCs will ultimately fail. Until then, continue to educate others and seek freedom-oriented alternatives.
Follow nation-state CBDC progress with the HRF's CBDC tracker:
https://cbdctracker.hrf.org/
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Link this post, send the pictures to your loved ones via messaging apps, or download the full pack here:
https://drive.proton.me/urls/RBETWE042M#WMkcWpIOtXV2
Thanks for reading.