The White House is said to be considering the implementation of a Central Bank Digital Currency (CBDC)

google.com/amp/s/www.cnbc.com/amp/2021/09/22/the-fed-is-evaluating-whether-to-launch-a-digital-currency-and-in-what-form-powell-says.html

I’ve heard many other tech experts say that this will give central banks and governments significantly more control of our money and life than ever before and this will be the end of financial freedom.

Is this true or just massive fear mongering?

what a great deal 😃

Can’t wait for the white house to abolish currency, wage labor and the commodity form 👍

Thanks Brandon

If this even possibly happens I’m putting all my money in gold asap

Inshallah it never happens

Never gonna happen

This is defo going to happen.

basically, the goal of CBDC is to enable governments to have complete control over people’s finances

they can already do this to a great extent with the current financial system where most transactions are already electronic, but due to intermediaries like retail banks, the Central Banks are not in an immediate position to halt or know about everyone’s finances

CBDCs are designed to over come this. With CBDCs, the government can directly seize a user’s funds without having to go through retail banks

the current electronic payment system already allows governments and central banks to have complete control over the users of the electronic network. CBDCs just help them exert their control in a more efficient manner

I'm ready for a classless society where everyone is rich

Hell nah i love my tips pause

U already own nothing only difference is you're not happy

if society goes cashless (which will eventually do, maybe not during our lifetime) life gonna turn into a videogame, you're gonna work for digital points, and some people will have cheat codes

Life is about to get spooky

My friends already think I'm weird for walking around with cash. B**** you just used your bank card to spend 50c on parking and I'm weird??

and it's only because we all are consenting

It's always been like this except it's called money not digital points

Can't wait for cashless tbh, way more secure pay

No more Usher bills

Why does it matter how much or how little you spend on your card tho?

Digital payments are way more convenient via phone, watch, or card

all my online exploiters n phone scammers n hackers gonna be hittin many licks especially the first few years to a decade the whole family gettin fed LETS GO

niggas gonna be cashless alright