Worse than tracking your purchases, is what else they can and will do.
I heard one of those WEF a-holes bragging about it on a video: “Your purchases cannot only be tracked, but using your money for things deemed undesirable will not be allowed.”
Actually, gleefully bragging about it.
And, as Dan Bongino pointed out on his podcast (accurately) they won’t need to have you fill out tax forms. They will know exactly how much goes in and out, and will simply deduct accordingly. They will also be able to force you to spend money even if you don’t want to in order to manipulate an economy.
No, there is nothing good that will come from it, and plenty that is bad.
Thanks for the additional input.
Social Credit scores, anyone? You supported the *wrong* candidate/groups/causes?? No healthcare/groceries/travel, for you!
No more stuffing it under a mattress or burying it in a mason jar! Spend it on approved items or put it into an approved investment, or lose it! THINK of the stimulus to the economy!
An economic golden age is upon us, thanks to the miracle of global information systems, AI, and biometrics!
One interesting point never mentioned that I think those unfamiliar with Blockchain are confused by is the “how does tracking happen” part. “Digital Coin” is just one of many uses of Blockchain technology. Essentially the technology has a ledger built in and every transaction entered into the ledger can be used to increase the crypto security of the ledger. There are many other expressions of Blockchain tech based on this tracking by ledger by crypto (think document security and verification or voting security and verification).
But people want money with these features. Government wants control with these features. For government once they put a “key” in that coin that says this “coin” is YOU, that’s where their control comes from everytime you use it and as it reports its use to the government.
The crypto security is a whole issue itself but basically only you and the government can “see” the ledger but the government holds the controlling half of the encryption.
Do a search on “international blockchain conference”
It’s amazing...