Bitcoin

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation, corrupt bankers and politicians. With Bitcoin, you can be your own bank.

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Emmer’s CBDC Anti-Surveillance State Act Passes Financial Services Committee (emmer.house.gov)

submitted 1 year ago by SwingingKoala@discuss.tchncs.de to c/bitcoin@discuss.tchncs.de

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In China, the Communist Party is using a central bank digital currency to track the spending habits of its citizens. The data is being used to create a social credit system that rewards or punishes people based on their behavior.

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