| Comment | You lose your right to privacy every time you step outside your own home. Every shop, pub and club you go in has CCTV. Every bus on the road has CCTV filming everything internally and externally. Millions of cars have dash cams. Millions of homes have ring door bell cams.
You don’t even need to leave your home. There is already a huge digital footprint of you built up online. This reddit app has thousands of lines of code built in for tracking purposes. Every thing you do online is monitored. Your ISP’s have records of all of your online activity.
If you use a bank account then you are already leaving a trail of your finances. Nearly every legitimate transaction you make can be traced back using the various surveillance devices and data collection.
The only reason cash has value is because you believe it does. It’s based on trust where you the holder of cash has faith in the Bank of England. CBDC’s are no different. Cash is nothing more than an IOU from the BOE. If you think they don’t have control over your cash already you are mistaken. |
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