How Safe is Programmable Money

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How Safe is Programmable Money

This article originally appeared on ZeroHedge.com

Dominic Frisby with Money, Markets & Other Matters talks about the war on cash and central bank digital currency, known as CBDC. He questions if CBDCs are “the final step into the brave new world – Orwellian great reset dystopia – we seem to be heading towards” or are they “the onramp to the Bitcoin motorway.” He said the answer is “both.” 

Frisby points out the biggest issue with CBDCs is that digital money is “programmable,” which means the issuer, such as the Federal Reserve or the Bank of England, can build specific rules into it. He said cash grants users freedom and power.

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2021-05-18T08:03:42-06:00 May 18th, 2021|CBDC, Crypto|Comments Off on How Safe is Programmable Money