Row 59008

Row ID: 59008 | Dataset Entry | Axioma AXP Content Repository

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They won’t do it through a central government currency since nobody will accept it. They will do it through loans from large banks designed to “help” citizens through a crisis, which will be real estate or bank related. They’ll take care of you, as long as you’ll accept payment to a digital wallet in a cbdc from a major lending institution. Just look at the way they airdropped cash in the pandemic as the model — that had to be the model that was being tested but without financial controls in place. But the model will be similar: a loan or grant of some kind in a crisis coming to you through one of 6-7 major banks.

That’s how the transition will occur based on what’s happened so far.

That of course implies a consolidation in the banking industry, which seems inevitable at this point, but it’s something to bear in mind.

I *would* rather see inflation than stagflation, so in general it does have some legs as a plan, but the general dependence on government by citizens is very negative for democracy.

FieldValue
text They won’t do it through a central government currency since nobody will accept it. They will do it through loans from large banks designed to “help” citizens through a crisis, which will be real estate or bank related. They’ll take care of you, as long as you’ll accept payment to a digital wallet in a cbdc from a major lending institution. Just look at the way they airdropped cash in the pandemic as the model — that had to be the model that was being tested but without financial controls in pla…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-23
username_encoded Z0FBQUFBQm5Lak1ZWVBCR04zWncydTdnOUxMSkVsSUwxMVVrQTZTU1FsNVlNRWw0Zmk3NDRIdXhKRWRtT2pQWVRtMGFTVUs1RXpvVmtVb0czLTNwcHRPVFdaVG0wcWRHdVE9PQ==
url_encoded Z0FBQUFBQm5Lak9uU1JCVFNQNm1LYWpXbkdfZDZUSHBSV3RYV1RKREtlbmR1SjNDeEVlZ2MzVXdHQmZSdXMzVGJORHRjREtoeno0UjVWSmUxbUU5UDlNSW8zck84Y085LUFZXzQzSHJDOFEtUDFhbXBvNUxRRVJ3YlZwUl9kVkZSSnhJai1Gd3M0WVRiWGhCQjNIWDR1QzJpam90a0NlR2FQaVFkWG0tLUVuNFlkNHFPY0x1SHY1c25sd0M0OElkcXZMMUw1Q1h5SmtsUmtYeDFuT2xGd1o5NERlbm91N19Mc0xJMmxmQ2RmOGFUYktxNUxfQU44UT0=

Raw Record

{
  "text": "They won’t do it through a central government currency since nobody will accept it. They will do it through loans from large banks designed to “help” citizens through a crisis, which will be real estate or bank related. They’ll take care of you, as long as you’ll accept payment to a digital wallet in a cbdc from a major lending institution. Just look at the way they airdropped cash in the pandemic as the model — that had to be the model that was being tested but without financial controls in place. But the model will be similar: a loan or grant of some kind in a crisis coming to you through one of 6-7 major banks.\n\nThat’s how the transition will occur based on what’s happened so far.\n\nThat of course implies a consolidation in the banking industry, which seems inevitable at this point, but it’s something to bear in mind.\n\nI *would* rather see inflation than stagflation, so in general it does have some legs as a plan, but the general dependence on government by citizens is very negative for democracy.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1ZWVBCR04zWncydTdnOUxMSkVsSUwxMVVrQTZTU1FsNVlNRWw0Zmk3NDRIdXhKRWRtT2pQWVRtMGFTVUs1RXpvVmtVb0czLTNwcHRPVFdaVG0wcWRHdVE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9uU1JCVFNQNm1LYWpXbkdfZDZUSHBSV3RYV1RKREtlbmR1SjNDeEVlZ2MzVXdHQmZSdXMzVGJORHRjREtoeno0UjVWSmUxbUU5UDlNSW8zck84Y085LUFZXzQzSHJDOFEtUDFhbXBvNUxRRVJ3YlZwUl9kVkZSSnhJai1Gd3M0WVRiWGhCQjNIWDR1QzJpam90a0NlR2FQaVFkWG0tLUVuNFlkNHFPY0x1SHY1c25sd0M0OElkcXZMMUw1Q1h5SmtsUmtYeDFuT2xGd1o5NERlbm91N19Mc0xJMmxmQ2RmOGFUYktxNUxfQU44UT0="
}
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