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Governments Should Be Mandated to Utilize a Central Bank Digital Currency


The idea of a Central Bank Digital Currency (CBDC) has been gaining traction in recent years, as governments around the world explore the potential of this new technology. A CBDC is a digital currency issued by a central bank, and it has the potential to revolutionize the way governments manage their finances.

The primary benefit of a CBDC is that it would allow governments to have greater control over their monetary policy. By issuing a digital currency, governments could more easily manage the money supply, and they could also more easily track and monitor transactions. This would give them greater insight into the economy, and it could help them make more informed decisions about economic policy.

Another benefit of a CBDC is that it could help reduce the cost of transactions. By using a digital currency, governments could reduce the cost of processing payments, and this could lead to lower fees for consumers. This could also help reduce the cost of doing business, as businesses would no longer have to pay high fees for processing payments.

Finally, a CBDC could help reduce the risk of fraud and money laundering. By using a digital currency, governments could more easily track and monitor transactions, and this could help them identify and prevent fraudulent activity. This could help reduce the risk of money laundering, which is a major problem in many countries.

Given the potential benefits of a CBDC, it is clear that governments should be forced to use this technology. A CBDC could help governments better manage their finances, reduce the cost of transactions, and reduce the risk of fraud and money laundering. It is time for governments to embrace this new technology and take advantage of its potential.

30 thoughts on “Governments Should Be Mandated to Utilize a Central Bank Digital Currency”

  1. Governments are just straight out of hand. The founding fathers of the US knew how corrupt people were / are. And they put specific checks in place just to keep these greedy assholes at bay. Thomas Jefferson wanted us at war once or twice a decade just to maintain the greed in power – mind you – he was in power.

  2. And maybe 0.0001% of people would actually ever check their transactions and verify addresses. Just like actual money – crypto solves nothing here.

    Another attempt to shoehorn crypto as a solution to a problem that would still exist even if crypto was used.

  3. This is a very good point, all transactions permanent on the blockchain would be the visibility citizens need to counter black projects and the endless missing funds that siphon into the black hole

  4. It’s an interesting proposition to consider, and one that would certainly increase transparency and accountability in government spending. By using a CBDC for state budgets, there would be a public record of every transaction and a clear trail of where the money is going. This could potentially decrease the likelihood of unaccounted-for funds or government corruption. However, it’s important to also consider the potential drawbacks of a CBDC, such as the lack of privacy and potential for government surveillance. As you mentioned, the government should be accountable to the people, but it’s also important to balance that with individual rights and freedoms. Ultimately, it’s a complex issue that would require careful consideration and discussion from all stakeholders involved.

  5. Governments will use CBDC.

    The catch is that they’re going to use a WHOLESALE CBDC while we plebs use a RETAIL CBDC.

    It’s going to be two separate systems: one for powerful individuals and institutions, and one for everyone else.

  6. When are the plebs going to wakeup to the game being played against them?
    You’re owned. You have owners. And your denial of that is what keeps you a slave.
    Stop being a slave. Stop fighting over trivialities. Stop trying to comply with a wholly immoral system.
    Exit the scam.
    #Privacy assets #Voluntarism #Agorism

  7. Been saying that for a long time: non-privacy blockchain is a good thing. There will be privacy services for small amounts of money (maybe anything up and including a car) and everything bigger should be traceable in some way.

    That’s keeping privacy for 99.9% of ordinary people’s business but would put big pressure on the accountability of enterprises, politicians and officials.


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