ilmscore | Why Central Banks Are Launching Digital Currencies

Why Central Banks Are Launching Digital Currencies

Published: 2023-12-08
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 2
Pending: 1
Unrated: 0
Prediction
Topic
Status
Predicted that society will transition to a cashless system where physical currency is replaced by digital software.
"The ultimate objective is to move us to a cashless society so you will no longer have that hard asset of that $20 bill or a $10 bill. Your money will essentially be software."
Cashless Society / CBDCs
Incorrect
Predicted that with the adoption of CBDCs, governments will track all purchases and impose penalties for undesirable consumer behaviors.
"You buy a stick of gum. The government will know, you buy a new car, the government will know, you bought the wrong car, you didn't buy an EV. Now you're going to get penalized."
Government Control via CBDCs
Pending
Predicted that implemented CBDCs are likely to improve people's lives and will not primarily serve as a means of government control.
"so that we end up with a cbdc that improves our lives rather than helping our governments to control it. Which luckily I think for many of us is really likely."
Central Bank Digital Currencies (CBDCs)
Incorrect