The co-founder of smart contract platform Cardano (ADA) says that fears surrounding central bank digital currencies (CBDCs) are justified as governments could one day seize them.
In a new video update, Charles Hoskinson warns that CBDCs are setting up the stage for the government to control people’s speech and thoughts by connecting them to their financial freedom.
“I don’t want to live in a world where we’re heading. CBDCs connected to bizarro mandates where if you piss off a decision-maker, your money just arbitrarily gets turned off. Or you’re told you can’t buy a certain product.
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You’re told your credit card just gets denied the minute you do something the government doesn’t like. Your speech, thoughts and philosophy are connected now to your wallet.
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