"We don't need the competition, especially when we are doing such a terrible job of running the economy." Rep. Sherman is saying the quiet part out loud. The government doing a "terrible" job intervening in the economy is _exactly_ why we need currency competition.

Almost everyone has commented on Trump's $5,000 giveaway. Almost no one has commented on the condition that money must be spent in the United States. How exactly is that going to be enforced?

"Nearly four years after the Reserve Bank of India (RBI) launched the pilot for the digital rupee, the central bank's flagship payments initiative is yet to become a preferred mode of payment for ordinary users."

The New Indian Express

Digital rupee struggles; programmable CBDC comes to rescue

Nearly four years after the Reserve Bank of India (RBI) launched the pilot for the digital rupee, the central bank's flagship payments initiative i...

>Just hire ethical people >Just establish safeguards >Just have oversight Sweeping surveillance that depends on being run by angels doesn't work.

Rep. Hill: How much money have you recovered? FinCEN: I don't know. Hill: How many criminals have you caught? FinCEN: I don't know.

Everybody is saying it

If you have to intentionally "reduce the attractiveness" so your CBDC doesn't destroy the economy, maybe it's just a bad idea in the first place.

South African Reserve Bank deputy governor Rashad Cassim recently reiterated that while a retail CBDC was technically feasible, there was no compelling case for introducing one.

CBDC Tracker

A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, the...

Around the globe, governments want CBDCs because they want to shut down the rise of bitcoin, stablecoins, and other cryptocurrencies.

ECB's Lagarde pressures Parliament to support the digital euro ahead of tomorrow's vote while saying she's not pressuring them.

Wow! I just noticed I have nearly 1,000 followers on here. Ya'll are amazing. At this rate, I'll have more on here than on X soon. Thank you all for the support and for keeping Nostr strong!

Everything central bankers have said a CBDC will do: Expand financial access to the unbanked. Improve the application of monetary policy. Increase the speed of payments. Improve cross-border payments. Increase competition. Increase financial system resilience. Enhance financial stability. Create programmable payments. Increase financial surveillance. Stop sanctions evasion. Evade sanctions. Enhance government payments. Enhance the digital transformation of the economy. Strengthen the international role of currencies. Prevent the use of cryptocurrency. Prevent dependency on foreign payment services. Establish universal acceptance. Compete with private services while also not competing with all private services. Replace cash while also complementing cash. Create a free option for consumers while still paying businesses’ fees. “Future-proof” the economy. Reduce currency fragmentation. Reduce costs for businesses and consumers. Create a foundation for financial innovation. Prevent discrimination against central bank money If you believe them, I have a bridge to sell you.

You shouldn't have to learn the money has changed on the evening news. That's why the @npub17xvf...c9as CBDC Tracker is here. You can know what's happening and speak up before things change.

CBDC Tracker

A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, the...

Congress sent me follow-up questions after I testified against the Bank Secrecy Act. One side asked deep questions about how to reclaim financial privacy. The other side just wanted to know my racial and gender identity. *sigh* https://www.cato.org/testimony/questions-record-modernizing-bsa-financial-crime-21st-century

I've now been to 17 countries in my quest to raise awareness about CBDCs and financial privacy. What conferences should I be speaking at next? I need to pump those numbers up!

Nice.

Always a joy to see the legend that is @npub1spdn...q6j7 View quoted note →

A crucial reminder at the @npub17xvf...c9as Oslo Freedom Forum. You can’t just dismantle dictatorships. You have to replace them.

CBDC sales pitch of the century coming from the Central Bank of Ireland. /s File under "reinventing the wheel."

The Fourth Amendment does not expire with inflation. It does not pause at the border. And it does not bend to whichever crisis the government invokes this decade. It’s time for Americans to know that the Bank Secrecy Act is really the Bank Surveillance Act.