Comment on Is there a new type of currency working to replace currency?
whatmeworry@lemmy.world 1 day ago
No, not as you’ve described it.
However there are many decentralized blockchain/distributed ledger technologies that are up and running that can handle the transaction volume that would be required if they were mass adopted and used as day to day currency, replacing government controlled currencies. Bitcoin can’t handle that kind of transaction volume, but Nano, BCH, XRP, HBAR, etc to name a few would all be capable of being used as currency to replace the US dollar.
Now please downvote me as is tradition.
rob200@lemmy.today 1 day ago
So you are saying that there is no Cbdc project Redar being planned experimented or tested for us curency? Or anything like that? Which I wrote into the post before you commented.
whatmeworry@lemmy.world 1 day ago
I just googled project redar cbdc and almost nothing came up. You seem to have some specific concerns about a certain project, I can’t speak to that. I was responding to the more general part of your question about whether an alternative to US dollars is being developed and whether there is some dystopian social credit system involved.
rob200@lemmy.today 1 day ago
I googled it just now and this came up. Told me a summary about it.
Supposibly there were some laws introduced that were meant to prevent a social credit score from being used to lock up people’s banks. So with that context, that is how I linked a social credit score with this project radar Cbdc in the us.
Image