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Jane Scandurra's avatar

CBDC is *nothing* like a debit card! It's programmable and would be the end of financial freedom. Period. CBDC and digital id must be rejected by the people.

Explanation and examples in this great animated video:

https://rumble.com/v1o5meq-johnnys-cash-and-the-smart-money-nightmare.html

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RU's avatar

No, they are not that different. Who holds the liability is the primary difference. A bank account can be "programmed" as well. Despite what that video says, the gov't can currently track digital purchases. They are not anonymous today. And, currently, over 90% of transactions are digital. Only a small amount of our money supply is even issued as physical money.

As with all technology, the key is being vigilant about the laws governing the use of the technology. That, and maintaining the existence of physical money so that not all transactions are electronic and truly private transactions can be maintained.

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