watching Die Hard, and lol:
“When they touch down, we’ll blow up the roof, they’ll spend a month sifting through rubble, and by the time they work out what went wrong, we’ll be sitting on a beach, earning twenty percent.” - Hans Gruber trying to steal some bearer bonds in the 80s
Blockchain spam causes other participants to up their transaction fees, so the overall fees mined is more than just the spammers' contribution.
This means spammers get some leverage AND if they're the same entity as the miners, then possibly it's a net gain from wasting sats on spamming.
CBDCs will enable the USA (and others) to default on their sovereign debt without collapsing the USD. I think that's the real reason it's being pushed so hard.
As long as people have CBDC accounts then the impact of bank runs are minimised, hyperinflation has a backstop, and the economy can be stimulated with newfound granularity.
It just requires complete control over the masses who might otherwise circumvent the CBDC-based policy interventions. And along the way abuses of that control for the sake of whatever other ideology or political need has power.
In reality it's probably not going to work so well to protect against the sovereign debt default, but the power abuses and arbitrary control will remain.
I wonder how much transcribed conversation data companies like Amazon and Google have from their household listening devices (Echo etc.). The scale and context of that type of data would be a scary levelling up for LLMs.