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Central bank digital currency (26 posts / 1,284 views)
manic manic
Posts: 277
Post #1 9 Feb 2023 19:49
0
Just another conspiracy theory, right!
framey framey
Posts: 5,319
Post #2 9 Feb 2023 20:05
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In reply to Post #1
Is that like Brit coin?
ocelot ocelot
Posts: 1,802
Post #3 10 Feb 2023 13:39
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In reply to Post #1
Where's the conspiracy?

You have to be prepared for the future world when only a small fraction of the population actually "work" and therefore get paid for their time/expertise.
A country backed digital currency will be necessary to provide universal income for the rest.
It was always said Google was the beginning of the end of value for human intelligence, now with AI that's the end of intelligence/qualifications paid white collar jobs. The rest of our traditional jobs will follow shortly after.

If you've kids thinking of university, pick your subject very carefully
Teddybare
Posts: 994
Post #4 10 Feb 2023 16:07
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In reply to Post #1
Digital money already exists, im not talking about Bitcoin etc.

You may not be fully intergrated or a 100% user but i can guarantee you are already on the road to being without even realising it or realising the possible danger it poses.
Stokebloke Stokebloke
Posts: 597
Post #5 10 Feb 2023 21:17
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https://ukfinancialservicesinsights.deloitte.com/post/102i7ji/the-digital-pound-one-step-at-a-time



No thanks!
mal mal
Posts: 8,986
Post #6 10 Feb 2023 21:46
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In reply to Post #3
A combined honours in aluminium manufacturing and headwear design?

There's money to be made / downloaded there...
Teddybare
Posts: 994
Post #7 10 Feb 2023 22:00
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In reply to Post #5
How many people on here go from pay day to pay day without using a single bank note or coin ? I do most months, my income and outgoings only exists in a digital on line format.
ocelot ocelot
Posts: 1,802
Post #8 10 Feb 2023 22:06
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In reply to Post #6
🤣. Raw materials will be a major factor hence self sufficiency in generation of power and storage is critical for universal income. The tinfoils are behind the curve on this one mate. They're still struggling with information paradox.
#7 not for you this one Top Gun you're too narrow minded.
Teddybare
Posts: 994
Post #9 10 Feb 2023 22:14
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In reply to Post #8
Narrow minded🤣🤣🤣

Yep you two carry on, just makes me realise how lucky I've been in life listening to you two🤣🤣

Does your case worker know you have access to the Internet?
ocelot ocelot
Posts: 1,802
Post #10 11 Feb 2023 14:24
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In reply to Post #9

Point proven. You haven't a Scooby what the difference is between what we use now and the OP's point, but still pile in with forum clogging nonsense,
JasonM JasonM
Posts: 1,764
Post #11 11 Feb 2023 15:37
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In reply to Post #3
AI is probably another 30 years before making an impact on the way we live and work.
But to what degree who knows.
Singularity a few decades after that (if it ever does happen)

White collar jobs erm it's a little bit more advanced than that have a little read, AI will still need human input it's just the way we work will change.

https://www.cancer.gov/news-events/cancer-currents-blog/2022/artificial-intelligence-cancer-imaging

JasonM JasonM
Posts: 1,764
Post #12 11 Feb 2023 15:48
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In reply to Post #9
Case worker you mean his mother 😁
mal mal
Posts: 8,986
Post #13 11 Feb 2023 16:29
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In reply to Post #11
So .... to paraphrase Rachel from friends....

Terminator could happen ....



One of the lads I work with showed me an app on his phone that uses AI to generate essay answers. I have to say it was pretty good.

It's now got me thinking... given the repetitive nature of spinbowlers posts... . Is he just a very basic AI program on tommy Robinson's iphone?

JasonM JasonM
Posts: 1,764
Post #14 11 Feb 2023 16:50
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In reply to Post #13
Got to be careful with AI don't want to give the anti vaxxers a new target. Alexa and Siri will be done for 😀

Imagine an AI politician 😀 its output would be so dependent on its dataset we could have a left one a middle one and of course the right one 😀

kizzi
Posts: 2,526
Post #15 11 Feb 2023 17:50
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In reply to Post #1
CBDC are very interesting but they are not “just like using Apple Pay or Visa today” as people seem to think when they say that they hardly use cash today.

In principle they enable money to not be fungible, but be tied to conditions laid down by a central authority.

For example, you could be credited with pounds but they need to be spent:
- before a certain date or they expire and cannot be used (to stimulate the economy)
- only for certain products or services eg only on rent or food, not alcohol
- only if another condition is met e.g. clean criminal record, good credit score, debts paid on time

Obviously, the conditions could be changed so you may find that the money that you thought you could use to go to Vegas can only be spent on something “approved”.

In the hands of a benign authority this could be great, tax is often handed out with specific intentions in mind and this will help ensure the intent is realised. But history suggests that all authority believes that it is benign and that what can be used for virtue can also be used for vice.

Arguably the most advanced country in CBDC is China. It seems unlikely that they are doing this to empower their citizens or those in Belt and Road countries.
mal mal
Posts: 8,986
Post #16 11 Feb 2023 19:27
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In reply to Post #14
Ah... but alexa and siri have been listening to them for ages already. ...

Siri reversed is 'iris' which is another word for eye/lens (as in a device to watch us). Its also a brilliant song by Goo goo dolls containing the very telling line 'i dont want the world to see me' which means they must have something to hide. ANd it's also startlingly similar to isis... coincidence?

Alexa backwards is 'axela' which is of course very similar to the Harold faltermeyer classic 'axel f' which was from the movie 'Beverly Hills COP' - yes, the feds. Coincidence?

I've already ordered my German shepherd and looking through phone books to find a Sarah Connor to befriend before its too late

Teddybare
Posts: 994
Post #17 11 Feb 2023 20:11
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In reply to Post #10
Forum clogging🤣 that's a new one 👍

As others have said, do you ever start a thread? Have you ever contributed to the fishing threads?

Plenty know what you are mate.🤣
manic manic
Posts: 277
Post #18 13 Feb 2023 13:40
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In reply to Post #14
Have you ever studied the effects of alexa frequency on dog behaviour?

I have ,You would be surpised at the results.
ocelot ocelot
Posts: 1,802
Post #19 13 Feb 2023 14:47
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In reply to Post #17
Forum clogging nonsense, get it right for once Top Gun

Clearly hit a nerve again

Kizzi has been kind enough to take the time to educate you. Do the polite thing and thank him at least.
JasonM JasonM
Posts: 1,764
Post #20 13 Feb 2023 16:26
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In reply to Post #18
The trouble with results they are open to interpretation like a lot of other things....
JasonM JasonM
Posts: 1,764
Post #21 13 Feb 2023 16:31
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In reply to Post #19
One too many episodes of the black mirror ...your past help, where's that jet pack gone ?
ocelot ocelot
Posts: 1,802
Post #22 13 Feb 2023 19:39
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In reply to Post #21
Walter Mitty following your lead Top Gun. You couldn't make it up
JasonM JasonM
Posts: 1,764
Post #23 13 Feb 2023 20:22
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In reply to Post #22
What ever happened to that jet suit you were pushing going back we waited and waited for a deep technological dive and it never came....

Clearly you are just like it, full of hot air and don't last very long
ocelot ocelot
Posts: 1,802
Post #24 13 Feb 2023 21:19
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In reply to Post #23
This is a CBDC thread Walter. Stick to the script (not Top Gun's) there's a good lad.
JasonM JasonM
Posts: 1,764
Post #25 13 Feb 2023 21:44
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In reply to Post #24
I'm on topic don't you remember episode 2 of the black mirror ?

Trouble is I don't think you'd earn a single merit in the digital utopian world.

Keep peddling...
mal mal
Posts: 8,986
Post #26 14 Feb 2023 10:54
0
In reply to Post #19
Kizzi's explanation is really good tbf

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