Cbdcs – The Future of Banking or an Orwellian Nightmare?
Cbdcs – The Future of Banking or an Orwellian Nightmare?
Jernej Furman/Flickr Images
Central bank digital currencies are digital tokens pegged to a fiat currency of the issuing central bank. They are similar to cryptocurrency in so far that they use…
Cbdcs – The Future of Banking or an Orwellian Nightmare?
Jernej Furman/Flickr Images
Central bank digital currencies are digital tokens pegged to a fiat currency of the issuing central bank. They are similar to cryptocurrency in so far that they use blockchain technology. Put simply, it’s a programmable digital coupon issued by a central bank or government. Many countries are working on the development of CBDCs, and some have already implemented them. This technology can be used to seize your money if you hold views contravening the mainstream narrative.
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