The war on cash’s endgame is here: money replaced by vouchers subject to complete state control.
by Kit Knightly
Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on.
From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and alternative medium of exchange outside the financial status quo, it was only a matter of time before the new alternative would be absorbed, modified and redeployed in service of the state.
Enter “Central Bank Digital Currencies”: the mainstream answer to bitcoin.