Talk of The Villages Florida - View Single Post - CBDC aka Central Bank Digital Currency
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Old 01-28-2024, 11:19 AM
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Quote:
Originally Posted by Bill14564 View Post
Speed limiters - bad idea due to being a safety risk
- Would encourage "foot-down" driving. If the car will limit the top speed then why not just put the pedal to the floor and let the car do the rest similar to how I drive my golf cart? It would effectively increase all speed limits by 10mph
- Would likely not pick up reduced-speed areas (work zones, school zones, variable speed zones). Could result in high speeds through dangerous areas.
- Could potentially pick up lower speed limits in error. My car reads signs to let me know what the speed limit is. It frequently picks up the signs for exit ramps and tells me that the limit is now 45mph rather than the 70mph I was traveling. If the vehicle also engaged the brakes to slow down to that incorrect speed it could cause an accident.
- Could limit options to emergency situations. Let's say I'm attempting to pass a car when suddenly an oncoming car appears (might have come around a curve, been hidden by an obstacle, rose out of a low area, maybe I just overlooked it). Depending on where I am in the pass, the right answer might be to accelerate to complete the pass and get out of the way. If the vehicle took away that option by preventing me from accelerating that would create the potential for an accident.

Central bank control of digital currency - Not sure if I care / living it now
- I use cash so infrequently now that I am effectively living in a cashless society already
- There are already restrictions on what I can purchase with a credit card - Marijuana products for example.
- Even cash is difficult to use for very high value exchanges.
- It's hard to be supportive of a concern that if cash goes away then people will have harder time conducting illegal activities.
- I feel like the focus should be on changing laws that restrict activities rather then ensuring there is a method to violate the laws


I am much more concerned about the slow whittling away of our freedoms happening now (restricted access to books, internet, high school and college courses, "public" information, speech, voting) than I am about a conspiracy about global elites taking away my ability to buy THC gummies.
I really like your analysis on the speed thing. It's very well thought out, and it points out some of the unintended consequences of the idea, including not only defeating the stated purpose, but actually exacerbating it.

I wish you could use the same critical analysis of what the unintended consequences of CBDC might be. No one cares about THC gummies. Did you think what Canada did to the truckers (de-banking) was acceptable? The Canadian courts ruled last week that the measures taken were unconstitutional. Yay, but that doesn't make the situation the truckers were put in at the time any less difficult.

Yes, we are mostly cashless already, and yes it would help prevent scammers of the tax system and other illegal activity. The issue is complete control over your ability to spend as you see fit (legally, of course) and bank where you choose.