Personally I’m a fan of cryptocurrencies, especially Monero for its private transactions. However a few years ago I came over a paper written by some folks over at the NSA. The paper describes how a crypto or digital currency might work.
You can read more about it in this article:
https://cointelegraph.com/news/the_nsa_was_investigating_cryptocurrencies_in_1996
With the rise of CBDCs the question becomes, was cryptocurrencies a psyop all along? Planned for us slowly accepting the digital dollar and such? Satoshi who allegedly created Bitcoin then suddenly vanishes might just be a group of intelligence folks not just one guy.
Who knows. On one hand I think it might be good for decentralization, on the other hand it might centralize everything. What are your thoughts?
2 Comments
uglytruck@kbin.social · 3 pts · 3y
In all honesty, we've been using digital currency for a long time - credit cards, wire transfers, etc. Crypto was started to have a non-centralized money system that's value was based on something tangible. CBDC is something else entirely. A way to track everyone's spending, assess taxes, turn off a person's means to buy anything if they go against the grain. It wasn't a psyop. One was made to take bankers and policy makers out of the process of determining a currency's value. The other is to gain more control over society.
Concept1037@lemmy.world · 2 pts · 3y
I agree, good points. Banking has been digital for quite some while, and while I agree that the spirit of cryptocurrency started as a decentralized money system I am unsure that it remains that today. Other than currencies like Monero.