/biz/ - Business & Finance

>>52817232
There will be a variety of approaches to this issue, and it will depend entirely on what part of the world you are in
you will have societies that reject CBDCs, societies that embrace CBDCs, and societies that enforce CBDCs
Societies that enforce CBDCs are the authoritarian ones, like China, North Korea, or more recently Indonesia, who explicitly stated that they intend the digital rupiah to be the only legal tender in Indonesia. These societies will clamp down and use it as a means of controlling their economy and their population.
Societies that embrace CBDCs will develop parallel digital economies that only very occassionally intersect. These societies will exist in a spectrum of results, and will probably flip flop around while stability is found. Australia and the UK come to mind, who have expressed much interest in the technology, and seek to regulate and control it, but for example Australia recently stated that interest in their CBDC pilot received such interest that it threatened to upturn the entire financial sector - they unironically feared a bank run on traditional finance in the event of the eAUD becoming available. These sorts of problems will take time to iron out and you can expect to see these types of societies doing what they can to enable to the digital economy to flourish but still catering to brick and mortar boomers.
Societies that reject CBDCs will be rare, highly ideological nations. The EU will pretend to embrace the technology but in practice will shit it up with so many regulations that it becomes impractical. I believe the US will reject CBDCs and the crypto industry will be regulated to death there, citing something about freedom and shit (in actuality the politicians are just scared of being shot), stifling domestic innovation and bogging them down in antiquated systems. Countries that reject the technology will be left behind slowly but surely until the situation becomes so dire that they either adapt or collapse.

>>52817232
>how to become rich with CBDCs

I don't think you'll be allowed to do this unless you're one of (((them))) or, alternatively, have something (((they))) want. So....horde kids, drugs, and computer chips?

>>52817232
>>52817657
Is there a way to embrace CBD and mitigate against the risks of social control and all the other potential dystopian shit that comes along with them?

Schizos are like the Boomers at the top pushing CBDCs - so eager to jump on the next new thing they don't actually think.

Like, whoa, holy shit, instead of Venmo and JPMorgan, now the Federal Reserve itself knows where you're spending your USD! And can destroy your purchasing power! And can block certain purchases! Those things are all totally unprecedented!

Tech illiterate morons.

>>52817877
I dont think so, you as an individual are pretty powerless in this situation. I suggest looking into the relationship your country is building with digital currencies in order to understand which direction it is going in. These CBDCs are not going to be things that retail will be able to access or interact with in a conventionally profitable way. The ISO20022 protocol is interesting as it suggests that a standard for global digital finance is being developed and it is accessible to the private market to some extent but my experience with the 'elites' is that they fucking hate normies walking into their club off the streets and arent going to make it as easy as buying XRP and waiting a few years. Then again what the fuck would I know about elites?

>>52817877
as for avoiding social control, it is an inevitability. The cracks are filling in with concrete and it cant work any other way. If you wish to escape dystopia I suggest forming a community with trusted individuals and establishing economic independence from the state.

Everyone says I'm making a mistake by dropping out my senior year of college, but I am just done with this shit. I am going to get a job and work. Not going to be convinced otherwise. I can always go back to school and finish later. I actually would because this is my second time taking a gap year. I just hate school so much. Doesn't help that my major is English.

I'm gonna start a coding bootcamp tomorrow. Also going to do the Harvard Intro to CS program. They also have this thing called The Odin Project. There are resources. If I have to be a code monkey to be fulfilled, so be it. I've never even tried programming. HAS to be better than liberal arts. I really believe that. I've heard you can get jobs without a CS degree. We will see.

And yes this is a business decision. Because I feel like I'm starting to make better investments in my future. I think. I am the most indecisive person I know and I really do want what's best for my future. The amount of times I've thought I was at rock bottom and literally going to kill myself is insane. And I'm only 22. I feel like modern society has made me question every facet of my existence. Sorry for the doomer rant at the end. WAGMI anons. Believe.

>>52817232
CBDCs are the true shitcoins of the future. You'll only want them to on and off ramp. Sure normies will use CBDCs exclusively but they will all be poor waiting for their monthly UBI transactions. ZOG will be able to lock your address or delete your coins whenever, but they won't be able to stop P2P trade between private blockchains and that's where your wealth will be stored. This FUD spread by paper and goldbugs is so tiresome. It isn't going to be any different than when the government seizes your bank account really. So relax and prepare accordingly.

>>52817232
Watch everything go to zero cause CBDC will fuck us all in the ass until death

>muh crypto
worthless most wont do shit just admit its ogre

>>52817232
The only people who will really lose with cbdc's are tax cheats. Everyone else won't notice a difference. Life will go on, you will still use your debit/credit cards to buy stuff, and the system will just be abit faster. However, the government will have total transparency about spending patterns etc. and a lot of people are going to have to flee the country or pay eye watering amounts in fines because they have been scamming the rest of us for years.
>Fuck them.

>>52817232
>>52817657
>>52818336
>>52818458
>>52818851
https://www.youtube.com/watch?v=j05fPzz4YS8
https://www.youtube.com/watch?v=j05fPzz4YS8

>>52818851
>only tax cheats have to worry
>also introduces stricter and stricter taxes on the common man, see:$600 transaction reporting requirements
Kill yourself, kindly.

>>52817232
it's very dangerous trying to control a people that wants to be free...
People world wide will go apeshit and burn all forests to the ground tipping the entire globe into meltdown. There you go cunt fucks, try controlling a dead dust ball.

>>52818851
>tax cheats
hey goyim your income tax is now 90% as of this financial year due to carbon emissions from your electorate. thats payable in FEDbux only. failure to pay by the due date will result in extra penalties. im super glad you arent a cheat, because some people make this difficult.

>>52817917
Most (at least me) schizos are jumping into CBDCs because they know their privacy will be taken away. If they have a few projects that might go up in value when CBDCs come in, they can get something in return.

>>52817232
>but I'm curious how to become rich with CBDCs
CBDC's will have a neutral bridge currency(XRP)

'Ate the antichrist. Simple as.

Wait for half-price ham.

>>52817657
>Societies that enforce CBDCs are the authoritarian ones, like China, North Korea,
Like US too