some of the problems with all cbdc are explored in this article;
According to- Melissa Lin: Increased risk of security breach: A cashless society may bring about increased risks to personal and national security. From a personal security standpoint, the risks we already experience when we lose credit cards or our phones would only be exacerbated in an environment without paper currency.
Cash is one of the last man-made means of protection that he or she has against governments that have grown to a degree of power that they never had before.
The Dangers of a Cashless Society
There are two predominant dangers that come with a cashless society, and just about every negative that you can think of due to such will fall into one of these two groups:
- Denial of purchasing power
- A complete loss of anonymity
Denial of Purchasing Power
A cashless society is a controlled society. If everything must go through an online banking or credit card process, then you have just lost virtually all control over what you buy.
Anything that is not politically sanctioned(guns, ammo, body armor, helmets, particular books, particular website premium subscriptions, political donations, etc.) could very easily be vaporized overnight.
This, of course, would drive the makers and holders of such products into a black market to barter their goods, and this in turn would be responded to by the use of overwhelming government force. This will come in the form of Stryker vehicles, concussion grenades, snipers, and men with automatic rifles and body armor.........more........
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