Yep. In fairness though the various spokespersons for the CBs have stated that tracking individuals and their spending habits is not one of the objectives of a CBDC. I’m not sure how anyone can escape the prying eyes of the ATO etc though. DLT just makes it possible for us to have our purchasing power restored. The State still makes the laws and carries the guns though.
Basically using currency that is non-inflationary and subject to market forces rather than centrally planned forces.
What will stop central banks from simply piggy backing "new/extra" ledgers onto their CBDC? "Oh, we decided it's better economically for everyone to use CBDC ver. 92.1 so from X date CBDC ver 91. will be exchangeable at a rate off 10:1" If it's not tangible it's by nature inflatable
When I talk about restoring our purchasing power via crypto I’m not including CBDCs on the list. They’re still government issued fiat.
The finite/infinite nature is coded eg BTC’s limited supply cannot be changed. Don’t ask me for a tech explanation though coz I couldn’t give it to you, maybe @dozerz or @willrocks could.
I guess when most people use the word "crypto" they don't really mean it in its technical aspect, but rather an idea e.g. decentralised, open source etc... Clearly a CBDC doesn't have the ideals the "crypto" crowd like.
Bill Mitchell discusses the rising debt levels of the states. http://bilbo.economicoutlook.net/blog/?p=46511
As many as you want. They get paid in the new currency. Or borrow twice as much, half goes to jobs and half goes to buying Gold and Bitcoin. After 10 years Gold and Bitcoin will go up in value, while the AUD will go down in value. You should be able to pay off all the debt to the RBA with 1 BTC and 1oz of gold. The rest the state pockets. Vote for me in the next state election.
Biden will create millions of infrastructure jobs like obama did all over the states to get men working, same after the depression. Everyone that wants to work will have a job especially after Trump brought back all the manufacturing like he said. We need millions more govt jobs and that added to infrastructure and manufacturing makes everyone prosperous as heck. They can print the rest. No just kidding we have been dry humped hard that's all haha. I'm starting to sound like a mmt goon now, just talk in circles using big words!
