Here it comes, full replacement of fiat currency (that you have physical control over and use not really tied to a big government management system that can be manipulated by social credit) with digital currency the government has full control over.
Scary times ahead.
What’s the issue? This won't replace the real dollar, it’s like Bitcoin. A percentage will use it. And most will pay with their cash via debit card. Paper money is still going to be behind the scenes and present, even though nobody hardly handles it anymore. It’s usually transaction with a debit card
I forgot what the conspiracy theory suggested though, so maybe I’m not putting something together correctly
Bitcoin was the test. If it was good enough to replace fiat currency, it would've. But now the lessons learned with Bitcoin can be implemented and improved upon in a digital currency standard that has the full government's backing, and given the degree of additional control they have with a digital approach (plus the cost savings they get by not needing to print fiat currency or press physical coins), eventually it will be pushed to replace fiat currency altogether.
And it'll all be managed through a social credit system, similar to what Tencent's been developing for the CCP (and to what systems are already in place in China). Just ask yourself why it took until a viral pandemic to just conveniently introduce a new digital dollar. Plenty of opportunities to do so before this, but this is when they choose to do it?
www.forbes.com
