Sid Shattuck's avatar
Sid Shattuck 1 year ago
THE FUTURE OF FIAT - CENTRAL BANK DIGITAL CURRENCIES ๐Ÿฆ How do you convey the risks of a #CBDC to those uninterested in finance? They're coming, whether people want them or not. There will be no vote. Learn how a CBDC will affect your financial future. Let's begin. image WHAT IS A CBDC? image WHAT DOES A CBDC ENABLE? The programmable nature of a CBDC will unlock capabilities that are not feasible in the current fiat financial system. image THE "FINANCIAL INCLUSION" MYTH "Our regulatory system is actively excluding people from access to finance. We have finally reached the point where access to basic financial services has become a privilege" - Andreas Antonopoulos image THE INNER WORKINGS OF A CBDC CBDC plumbing is constantly evolving, yet the end goal remains the same - more control. image IS THE CURRENT SYSTEM ALREADY LIKE A CBDC? It is true that the majority of fiat money is digital. What makes a CBDC uniquely dangerous is not that it is inherently digital, but rather how it can be packaged with other tools of the state. image THE QUIET PART, OUT LOUD No need to take my word for it. Hear from the architects of our CBDC future. image HOW WILL A CBDC IMPACT COMMERCIAL BANKING? I've witnessed first hand a major commercial bank trying to come to terms with its role in a CBDC future. Familiarise yourself the basics of commercial banking and how a CBDC alters the incentives of the incumbent system. CAUSE FOR OPTIMISM On a long time horizon, some contend (myself included) that CBDCs will ultimately fail. Until then, continue to educate others and seek freedom-oriented alternatives. Follow nation-state CBDC progress with the HRF's CBDC tracker: image Link this post, send the pictures to your loved ones via messaging apps, or download the full pack here: Thanks for reading.

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Sid Shattuck's avatar
Sid Shattuck 1 year ago
Re-upload of "HOW WILL A CBDC IMPACT COMMERCIAL BANKING?" slide. image
Sid Shattuck's avatar
Sid Shattuck 1 year ago
Re-upload of "HOW WILL A CBDC IMPACT COMMERCIAL BANKING?" slide. image
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