00:00 Speaker A <\/p>\n
And if you think that that’s where the stable coin wars end between community banks and regional banks and private banks and Euro banks and American banks, we have the biggest Euro bank of all, the ECB claims <\/p>\n
00:09 Speaker A <\/p>\n
That’s the European Central Bank claims digital Euro will offer maximum level of privacy amid surveillance fears. I look at that guy and I think, you know what? I trust him with my privacy. <\/p>\n
00:20 Speaker A <\/p>\n
Look at him. <\/p>\n
00:22 Speaker A <\/p>\n
The glasses. It’s the glasses. <\/p>\n
00:24 Speaker A <\/p>\n
They just reek of trust. <\/p>\n
00:26 Speaker A <\/p>\n
Okay, so listen, anyone who’s been in Bitcoin or crypto for a long time, the biggest boogie man and rightfully so is the idea of a CBDC or Central Bank digital currency. Now, <\/p>\n
00:34 Speaker A <\/p>\n
think about it. <\/p>\n
00:35 Speaker A <\/p>\n
If you digitize all transactions directly from the Central Bank, what do you get? <\/p>\n
00:40 Speaker A <\/p>\n
You get a Chinese surveillance state. You get the Central Bank being able to have full visibility into every transaction that you make because it’s on a blockchain and we know that blockchains are transparent. <\/p>\n
00:49 Speaker A <\/p>\n
If I want to send my friend $10, uh, which I would have given him in cash and I have to do it with a CBDC, <\/p>\n
00:54 Speaker A <\/p>\n
the government’s going to know I did that. They want to take some taxes, they can just take those out of my wallet. They want to drop you a little stimulus. <\/p>\n
01:01 Speaker A <\/p>\n
Uh they air drop that right into your wallet but they tell you, hey, this money is yours but only if you are a good, nice, behaved citizen and if you spend it on Nikes and groceries. <\/p>\n
01:09 Speaker A <\/p>\n
The Central Bank digital currency is the most dystopian version of money control that a central bank or government can have. And I don’t believe them for one freaking second when they attempt to tell us that these will have a maximum level of privacy. <\/p>\n
01:20 Speaker A <\/p>\n
I do not believe you. And I’m not going for it and I hope that this fails horribly. <\/p>\n","protected":false},"excerpt":{"rendered":"00:00 Speaker A And if you think that that’s where the stable coin wars end between community banks…\n","protected":false},"author":2,"featured_media":130322,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2388],"tags":[3875,2516,1858,42907,62570],"class_list":["post-130321","post","type-post","status-publish","format-standard","has-post-thumbnail","category-european-central-bank","tag-cbdc","tag-euro","tag-european-central-bank","tag-scott-melker","tag-the-european-central-bank"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/130321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/comments?post=130321"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/130321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media\/130322"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media?parent=130321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/categories?post=130321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/tags?post=130321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}