CBDCs <Centralized Bank Digital Currency>
Could this technology be utilized for the mark of the beast from revelation?
This Series will dive into several topics regarding CBDCs and touch on the well-established digital currency “Crypto.”
Topics through this series will include:
- FTX, who they were, and their journey from startup to bankruptcy.
- Countries that are testing out these CBDCs.
- Potential for the mark of the beast tech.
- China.
- Social credit scores.
- And more.
Looking at the now-bankrupt cryptocurrency company “FTX.” It’s a whole mess, But the powers that be didn’t waste a second to jump on the “more control bandwagon.”
Then you have the increase in cryptocurrencies, while some are complete and total scams…Others are legitimate but highly volatile.
But! Then we have a new subset of “digital currencies.” It’s not quite crypto, and it’s not quite a physical fiat currency either. It’s an island unto itself. In theory, you would have a “digital wallet” connected directly to the fed reserve.
A decent amount of countries are still running through the gauntlet to test-fire it.
Of course, you can’t bring up CBDCs without mentioning China! China has been operating under this system for a good bit now. Despite what some reports may say. They’re operational in their endeavors to utilize CBDCs, and consequently, alongside their wonderful political background comes a social credit score! This is much more than a typical credit score we would be familiar with.
But, it would be pertinent to understand precisely what a CBDC is.
“CBDC stands for “central bank digital currency,” a new type of currency that governments around the world are experimenting with. What sets a CBDC apart from established currencies is that proponents hope it can use new payment technology, typically a blockchain, to potentially increase payment efficiency and lower costs.
This new type of currency is still early in its development. Most countries are still only starting to explore the idea, such as the U.S. form of a digital dollar. A few ambitious countries, including China with its digital yuan and South Korea, have already finished a demo and are piloting the technology.”
CBDCs defined
When we look into this currency style, there are many talking points to explore and risks to be wary of.
Would this sort of currency honestly be worth it in the long run? Or are we being sold down the river on a bed of lies? Well, unfortunately, only time will tell. Still, I am sounding the alarm in present-day America, where we currently enjoy the freedom of speech, assembly, petition, and a host of other freedoms that are slowly being eroded.
One of my greatest fears is to live to see the day that our freedoms, which we hold so dear to our hearts, are eroded to the point where we are essentially a socialist//communist society. Living under a “social credit score.” Here’s a glimpse of the basics concerning social credit scores.
If you don’t think we’d ever see it here in America. You’d be shocked and amazed at the current juncture we, as sovereign citizens, find ourselves in. But it’s not just us; as alluded to earlier, other countries are also experimenting and closely looking into this prospect.
Why does my thought immediately jump to this possibility in the said scenario? Simple it’s the natural progression; once you have a centralized digital currency, the powers that be will want to enforce even greater control and will then institute a way to police your every move, say the wrong thing about the controlling political party? Ding! Down goes your score. Overeat red meat in a short amount of time? Ding! Down goes your score again! There’s still a level of conjecture, but we have the “People’s Republic of China” on display to show how bad it could get with these things instituted… and the saddest thing of it all? I fear we have absolutely no control over stopping this crazy train that’s been headed straight for us for quite some time now.
This entry will be markedly shorter but have no fear; the following entries will be a head-first dive into the abovementioned topics!
So stay tuned!