Part 4/10:
A now-deleted tweet from the WEF stated that CBDCs are “traditional money in digital form,” issued and governed by central banks. It also suggested that under CBDC systems, physical cash might become obsolete, and that these digital currencies are designed not just for convenience but to influence behavior—an inherently programmable feature of CBDCs.
The Power of Programmability and Behavioral Control
One key aspect of CBDCs is their programmable nature. Unlike traditional cash, which is anonymous and transferable with minimal oversight, CBDCs can be programmed to enforce specific rules. This means governments could potentially control how, when, and where you spend your money, linking your financial activities directly to policies aimed at environmental or societal goals.