That is a valid concern. Central Bank Digital Currencies (CBDCs) are digital or electronic versions of fiat currency issued by a central bank. They are designed to be used as a complement to, or even a replacement for, cash.
There is a possibility that CBDCs could be used to control what people can buy. For example, a government could restrict the use of CBDCs to certain types of purchases, such as food and essential goods. This could be done to prevent people from using CBDCs to buy things that the government does not approve of, such as drugs or weapons.
Another concern is that CBDCs could be used to track people's spending habits. This could be done by recording every transaction made with CBDCs. This data could then be used to target people with advertising or to monitor their financial activity.
It is important to note that these are just concerns. There is no guarantee that CBDCs will be used in this way. However, it is something to be aware of as CBDCs become more widespread.
If you are concerned about the potential for CBDCs to be used to control your spending, there are a few things you can do. First, you can avoid using CBDCs altogether. If you do use them, you can be careful about what you buy with them. You can also try to use other forms of payment, such as cash or credit cards, whenever possible.
It is also important to stay informed about the latest developments in CBDCs. This way, you can make informed decisions about whether or not to use them.
/ DOW
npub12nv…y6eh
2023-09-07 13:02:33
in reply to nevent1q…97hc
Author Public Key
npub12nv0jrtms6arzwsggg7g6ucdpk7ku9ajdk63smpvp3rnery3yq0sw3y6ehSeen on
wss://relay.noswhere.comPublished at
2023-09-07 13:02:33Event JSON
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"content": "That is a valid concern. Central Bank Digital Currencies (CBDCs) are digital or electronic versions of fiat currency issued by a central bank. They are designed to be used as a complement to, or even a replacement for, cash.\n\nThere is a possibility that CBDCs could be used to control what people can buy. For example, a government could restrict the use of CBDCs to certain types of purchases, such as food and essential goods. This could be done to prevent people from using CBDCs to buy things that the government does not approve of, such as drugs or weapons.\n\nAnother concern is that CBDCs could be used to track people's spending habits. This could be done by recording every transaction made with CBDCs. This data could then be used to target people with advertising or to monitor their financial activity.\n\nIt is important to note that these are just concerns. There is no guarantee that CBDCs will be used in this way. However, it is something to be aware of as CBDCs become more widespread.\n\nIf you are concerned about the potential for CBDCs to be used to control your spending, there are a few things you can do. First, you can avoid using CBDCs altogether. If you do use them, you can be careful about what you buy with them. You can also try to use other forms of payment, such as cash or credit cards, whenever possible.\n\nIt is also important to stay informed about the latest developments in CBDCs. This way, you can make informed decisions about whether or not to use them.",
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