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these recurring nightmares all of us have?
The one the place all of your family and friends are caught inside a burning constructing, whereas nobody is heeding your calls that will help you assist them?
No? Simply us. Bizarre.
Nicely, we really feel an identical kind of panic once we take into consideration Central Financial institution Digital Currencies (CBDCs).
In the event you’re unfamiliar with the concept of CBDCs, the essential gist is that this:
It’s a authorities owned/issued US greenback stablecoin.
Which, on the floor, sounds innocent — but it surely opens the door for some fairly dystopian ideas to weasel their means into our actuality.
The biggest and most regarding being:
A centralized programmable cash would enable the federal government to primarily ‘change your cash off’ (to not point out observe each cent you earn/spend with no need to serve your financial institution a warrant).
We’re not saying they would, simply that they might — and that’s scary sufficient by itself.
The excellent news is:
Congress is preventing it! Actually the U.S. Home simply handed a invoice that seeks to ban CBDCs all collectively.
Now, it nonetheless must make it via the Senate, which is a taller process by comparability — but it surely’s price celebrating regardless.
Trigger it lastly looks like somebody (congress) is acknowledging the burning constructing that’s crammed with our family and friends (CBDCs).