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RE: Ripple Getting Into The CBDC Game

in LeoFinance2 years ago

To control, information will need to be harvested. Any open blockchains provide information.

How will government control HBD users? Simple.
Harvest on chain data and associate it with Social Credit Score, even if they cannot prevent you from purchasing or transfer at the point of sale or p2p, it is controlling indirectly by deducting your score.

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How are they going to know who is doing what? It is possible to set up an account and have it not tied to a real world identity.

There are a lot of people on Hive we have no idea who they are and neither does the government.

Posted Using LeoFinance Alpha

Internet censorship and login that ties to your real world ID. If it is implemented at the ISP and regulatory level.

In addition, mass surveillance grid with AI and facial recognition.

When we take out our phones, our locations are already tracked right now.

Because the blockchain record is permanent, we may think the technology is not there yet, but it is here. Just the matter of integration.

Even with BTC, all it takes is interacting with KYCed accounts, with each interaction the probability of identifying the real identify goes up.