Comment by 1001101
3 years ago
Another concern I have heard voiced is that CBCD could be programmed - eg. you can't buy X, or you can only buy Y at certain times, or for certain prices, etc. and has the potential for reduced liberty vs. cash.
3 years ago
Another concern I have heard voiced is that CBCD could be programmed - eg. you can't buy X, or you can only buy Y at certain times, or for certain prices, etc. and has the potential for reduced liberty vs. cash.
It can also be programmed with an expiration date to encourage you to spend it to stimulate the economy instead of saving it.
It could also be geofenced. Can't use your phone to buy fireworks from out of state because it's illegal in your state. Or you can only spend this money at a local store, but not at a store in another town.
How to get voted out of office immediately.
2 replies →
It is called EBT and it already exists and the thing is people demand this for welfare payments all the time.