Originally posted by Vangelovski
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Hang on big fella. You might have missed the bit about CBDC currency being trialled all over the world. In case you're out of date, Australia will be trialling their own digital currency in Canberra (of all places) this December. The advantages over the existing system are zero. The disadvantages are the controls which will be easily implemented in the currency which are precisely the same as what China is already doing. These controls limit what you will be able to do with your money based on your social/carbon/whatever credits. We are heading into a totalitarian [INSERT ANY WORD OTHER THAN COMMUNISM HERE TO MAKE YOU FEEL BETTER].
I fear you might be begging for some good old fashioned communism by the time they are done with us.
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