CBDC is a monster that was spawned by the wonderful idea of blockchain and cryptocurrencies.
Let me make it clear - CBDC is not about service and convenience, or "blockchain for the public", it is first of all about TOTAL CONTROL.
And not only control, but also management of your money !
A few basic concepts of CBDC (officially will have other names, but the essence does not change):
- digital passport of a citizen, aka wallet, tied to a person from birth to finalization. It is a "digital signature" that will "sign" ALL financial transactions.
- A system of "labeling" money. Any of your "pennies" can be labeled, for further tracking of its "movement".
- control system. It allows you to work on the level of wallets and labeled funds, from the collection of analytics to.... BLOCKING. And blocking of the wallet, but "marked coins".
Let me explain by example: someone Smith turned out to be a "bad man". His money is "dirty". They are marked, and then the money from Smith, for example, to your wallet, becomes LOCKED. You have it in your wallet, but you can't use it.
Or even simpler - a person turned out to be a delinquent, for example. Blocking the wallet and ... he can't make a single payment, he can't get a transaction...
And all this "beauty" will not be presented to the public in the open and in full. And let's not forget that CBDC is a centralized system from birth...
And fiat (cash and non-cash) money is already beginning to leave this world en masse.
No, I'm not scaring anyone, I'm just trying to convey that CBDC is not a victory, it's a global "defeat" of freedoms, which we are presented as progress