Row 18955

Row ID: 18955 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 18955 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> The further disruption of privacy, transactions of any scale, can be monitored due to all info being streamlined on the block chain

Not all information is on the blockchain.

> Worst of all, Under a CENTRALIZED entity controlling a digital currency, source code could (I argue “would”) burn coins of wallets that, for lack of a better term “misbehave”

Already the case with the police seizing things.

> Source code could literally have anything in the back end. Automatic changes in the rate of taxation at any given moment. And WOULD change at any time due to being possible via block chain

It can only change as fast as the law to change it changes, which is exactly the same speed as it is currently.

And all coded changes are known, so exactly as current tax law.

> Aside from possibly removing the need for most people to have to interact with a bank for savings

Wouldn't the entity being responsible still be a bank, that is being interacted with?

> what would you argue is actually good about a CBDC?

Nothing.

FieldValue
text > The further disruption of privacy, transactions of any scale, can be monitored due to all info being streamlined on the block chain Not all information is on the blockchain. > Worst of all, Under a CENTRALIZED entity controlling a digital currency, source code could (I argue “would”) burn coins of wallets that, for lack of a better term “misbehave” Already the case with the police seizing things. > Source code could literally have anything in the back end. Automatic changes in the rate of …
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9PNnZ4SWdyQXY3TGo3MXZlWmtnV2J0aFJJSElRQm12cmhFanZnejQ3NEk3Z2l6dnU1dzcxMGc2c1huZUxDRnJoTm1CaVI2YVRWNHA4QXQ1alU3bWlVbmYwZ1NOU0ZQbWlZMDNEM3hMY2M0ZE1YZndKSU1jQ292bXQ1Ul9wcWJmZWZFT1lEOW84MG9DZ21jaU51cXViS2d0TnBFc0xxLXlrQWpiYUN4UGREU055U3B4SkcwOE1QamRNc0NJZWwxeVVsRFM2eW9rcExRcWY2MXNVcGlNQXVLZz09

Raw Record

{
  "text": "> The further disruption of privacy, transactions of any scale, can be monitored due to all info being streamlined on the block chain\n\nNot all information is on the blockchain.\n\n> Worst of all, Under a CENTRALIZED entity controlling a digital currency, source code could (I argue “would”) burn coins of wallets that, for lack of a better term “misbehave”\n\nAlready the case with the police seizing things.\n\n> Source code could literally have anything in the back end. Automatic changes in the rate of taxation at any given moment. And WOULD change at any time due to being possible via block chain\n\nIt can only change as fast as the law to change it changes, which is exactly the same speed as it is currently.\n\nAnd all coded changes are known, so exactly as current tax law.\n\n> Aside from possibly removing the need for most people to have to interact with a bank for savings\n\nWouldn't the entity being responsible still be a bank, that is being interacted with?\n\n> what would you argue is actually good about a CBDC?\n\nNothing.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lakwtb19pcmJXdXZPTXprT25uZGJsajJyTGVEdGVrVUpJcjN4TE1lYXRRSUk0VWJLTmpHMlBMaTB1ZFVZdnN0Q3hqOWc5eVJ0bnVOQ215eWVGUExTQnktVGc9PQ==",
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}
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