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Crypto Currency


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On 16/07/2022 at 14:23, HumbleNarrator said:

Why would "computer say no" without a legitimate reason? without money we can't be economically active, obviously, and so I fail to see why the government would have sinister reasons for us going cashless.

The bank would be able to decide what a 'legitimate' reason is. We would have no say in it. That gives them an awful lot of power over us. And no doubt the goalposts would move accordingly to suit the bank's agenda.

Banks are a business - a greedy business.

Edited by Anna B
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1 hour ago, Anna B said:

The bank would be able to decide what a 'legitimate' reason is. We would have no say in it. That gives them an awful lot of power over us. And no doubt the goalposts would move accordingly to suit the bank's agenda.

Banks are a business - a greedy business.

"The bank" in question is the Bank of England.

 

https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub

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