You have probably heard about "paying it forward" – by which is meant (essentially) do something nice, proactively.
When I talk about the war on cash and a cashless society, some people think I'm exaggerating the threat or they don't take it seriously.
As Australia makes steps to becoming a cashless society and moves towards CBDCs, how much is this about unprecedented level of government control and social credit scores, and is Australia merely a pilot scheme?
As you can imagine, the central banks have a completely different vision for the future of the financial system than us crypto folks. Let's just say that our imagination barely scratches the surface of the financial dystopia they're dreaming up.
The Bank of International Settlements is currently working on multiple projects designed to centralize all international banks and central banks into a single umbrella network that allows for quick cross-border transactions using digital currencies