Originally Posted by
leocrawf
According to Wikipedia CBDC is a high-security digital instrument; like paper banknotes, it is a means of payment, a unit of account, and a store of value. And like paper currency, each unit is uniquely identifiable to prevent counterfeit. Digital fiat currency is part of the base money supply, together with other forms of the currency.
I am really looking forward to this. No cash in hand. Transact anywhere anytime without changes for convenience - unlike a credit card. hough criminals will just start targeting everyone for their phones even more since that is where the money is.
https://jis.gov.jm/boj-prepares-for-...ital-currency/
Phones will start having kill switches. Or dummy areas - which is already in place with the "guest" system. Let's see how it goes.
Knowing the solution doesn't mean knowing the method. Yet answering correctly and regurgitation are considered "learning" and "knowledge".