Central Bank Digital Currency

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MrLongbeard
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Re: Central Bank Digital Currency

Post by MrLongbeard »

gremlin wrote: Wed Jul 19, 2023 11:09 am
MrLongbeard wrote: Wed Jul 19, 2023 11:02 am

We (the wife) gets through a couple of cheque books a year, not for personal business but as chief head owl or something for the Rainbows, Brownies, Guides and Rangers, they're charities or some such and require double signing
You can set up payments so that one, both or either party has to verify bank transfers, you know.


I do sympathise, as Mrs. G does a lot of work in schools. They pay her considerable amounts of money via cheque. She has requested multiple times to use electronic transfer, but it seems that some people are truly stuck in the past.
I didn't, or maybe I did, I'm sure I've brought it up with her before but maybe not, but the other signatory isn't that onboard with all of this online stuff, she's of a certain age, lives in a village with no mobile signal and very intermittent internet.

Like you she gets handfuls of cheques every year too, round table, masons, trust funds, other charities etc.
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ChrisW
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Re: Central Bank Digital Currency

Post by ChrisW »

In my experience cheques paid in via the bank's app clear same-day too!

As for branches closing / needing to pay in cash I use the Post Office these days.
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Yorick
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Re: Central Bank Digital Currency

Post by Yorick »

I come in sometimes for a giggle and see the levels of paranoia. High today :D

Apart from filling the car up once a month, my bank knows fuck all about me :obscene-birdiedoublered:
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Re: Central Bank Digital Currency

Post by Screwdriver »

Unsurprisingly @Potter hit the nail on the head, it is clearly an extremely effective method for control in an authoritarian regime.

It hasn't mattered for years because we haven't been so intimately connected to online or networked services. Even then, the sheer volume of data means your individual activities are typically bundled into a demographic or categorised into a group.

Then along comes A.I. and the world changes. You are no longer anonymised, it is hyper personalised. That makes state controlled digital currency a political weapon. Not only that but the tech world is still engaged in a race to install A.I. systems into everything it possibly can as quickly as it possibly can.

No doubt A.I. will be used to manage digital currency and your access to it. Coupled with what is effectively a state controlled digital identity, that places a huge amount of power into the hands of government agencies, power that they will exercise with the broad brush of A.I.

That worries me and frankly, it should worry anyone who uses money for anything...
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weeksy
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Re: Central Bank Digital Currency

Post by weeksy »

Screwdriver wrote: Wed Jul 19, 2023 11:49 am Unsurprisingly @Potter hit the nail on the head, it is clearly an extremely effective method for control in an authoritarian regime.

It hasn't mattered for years because we haven't been so intimately connected to online or networked services. Even then, the sheer volume of data means your individual activities are typically bundled into a demographic or categorised into a group.

Then along comes A.I. and the world changes. You are no longer anonymised, it is hyper personalised. That makes state controlled digital currency a political weapon. Not only that but the tech world is still engaged in a race to install A.I. systems into everything it possibly can as quickly as it possibly can.

No doubt A.I. will be used to manage digital currency and your access to it. Coupled with what is effectively a state controlled digital identity, that places a huge amount of power into the hands of government agencies, power that they will exercise with the broad brush of A.I.

That worries me and frankly, it should worry anyone who uses money for anything...
Oh, we're now back to AI taking over the planet... jeez.
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gremlin
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Re: Central Bank Digital Currency

Post by gremlin »

weeksy wrote: Wed Jul 19, 2023 11:50 am
Oh, we're now back to AI taking over the planet... jeez.
I blame the Illuminati. Or is the Glitterati? I don't know, as ever since I had that Covid jab Bill Gates makes me forget.
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Re: Central Bank Digital Currency

Post by Yorick »

weeksy wrote: Wed Jul 19, 2023 11:50 am
Screwdriver wrote: Wed Jul 19, 2023 11:49 am Unsurprisingly @Potter hit the nail on the head, it is clearly an extremely effective method for control in an authoritarian regime.

It hasn't mattered for years because we haven't been so intimately connected to online or networked services. Even then, the sheer volume of data means your individual activities are typically bundled into a demographic or categorised into a group.

Then along comes A.I. and the world changes. You are no longer anonymised, it is hyper personalised. That makes state controlled digital currency a political weapon. Not only that but the tech world is still engaged in a race to install A.I. systems into everything it possibly can as quickly as it possibly can.

No doubt A.I. will be used to manage digital currency and your access to it. Coupled with what is effectively a state controlled digital identity, that places a huge amount of power into the hands of government agencies, power that they will exercise with the broad brush of A.I.

That worries me and frankly, it should worry anyone who uses money for anything...
Oh, we're now back to AI taking over the planet... jeez.
:obscene-birdiedoublered:
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Re: Central Bank Digital Currency

Post by DefTrap »

Feck me - the pseudo-intelligencia and their AI / Covid /Biden boohoo.

Have a coffee or something.

Some of you are in dire need of one of those "Live, Laugh, Love!" stencils on the wall above your sofa.
Last edited by DefTrap on Wed Jul 19, 2023 12:07 pm, edited 1 time in total.
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Re: Central Bank Digital Currency

Post by Mr. Dazzle »

Screwdriver wrote: Wed Jul 19, 2023 11:49 am Unsurprisingly @Potter hit the nail on the head, it is clearly an extremely effective method for control in an authoritarian regime.

It hasn't mattered for years because we haven't been so intimately connected to online or networked services. Even then, the sheer volume of data means your individual activities are typically bundled into a demographic or categorised into a group.
From a purely "technical" level (can't think of a better word) you're both correct. There's nothing stopping 'them' completely turning my money off for whatever reason.

But in the same vein, there's also nothing stopping them sending the police around my house to bugger me with riot batons either, right? They just err.....don't. There's not even anything stopping Bill Gates paying a load of PC World employees to do that. Other than 'the law'. And my semi-flimsy front door.

So what's new here exactly?
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Re: Central Bank Digital Currency

Post by gremlin »

Screwdriver wrote: Wed Jul 19, 2023 11:49 am

That worries me and frankly, it should worry anyone who uses money for anything...
Avoid all this worry by taking a page out of Dire Straight's book and using Money for Nothing.

HTH
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Re: Central Bank Digital Currency

Post by Yambo »

gremlin wrote: Wed Jul 19, 2023 12:23 pm
Screwdriver wrote: Wed Jul 19, 2023 11:49 am

That worries me and frankly, it should worry anyone who uses money for anything...
Avoid all this worry by taking a page out of Dire Straight's book and using Money for Nothing.

HTH

I don't think that was quite what they were singing about. It was more about getting money for doing nothing.

Seriously, if you work in banking and can't realise this distinction, maybe we should actually be really worried.

HTH :)
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Re: Central Bank Digital Currency

Post by Screwdriver »

weeksy wrote: Wed Jul 19, 2023 11:50 am Oh, we're now back to AI taking over the planet... jeez.
No, it is yet another instrument for state control which will inevitably be placed into the hands of A.I.

I am surprised any competent, intelligent computer savvy person would be so dismissive of this watershed moment in human history.

The rollout of A.I. will shape the course of human society and currently none knows if that is for the better or worse.

Won't have to wait too long for the chaos to commence. The US elections are coming and AI will be driving all sorts of fake news. Fake news with HD video, photography, even the spoken word. Democracy is dead, no one will be able to make an informed decision based on anything they have not personally witnessed in real life.
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Re: Central Bank Digital Currency

Post by weeksy »

Screwdriver wrote: Wed Jul 19, 2023 12:31 pm
I am surprised any competent, intelligent computer savvy person would be so dismissive of this watershed moment in human history.
I'm astounded you actually function each day without running round screaming... You seem to be completely obsessed by all this and thinking the end is nigh

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Re: Central Bank Digital Currency

Post by KungFooBob »

I for one, will welcome our evil AI overlords
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Re: Central Bank Digital Currency

Post by cheb »

KungFooBob wrote: Wed Jul 19, 2023 12:37 pm I for one, will welcome our evil AI overlords

And <strike>I'll</s> they'll reward you well for your devotion
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Re: Central Bank Digital Currency

Post by Yorick »

Folk are worried about AI watching them, but live a place with a million cameras watching them :D

Research by Clarion Security Systems estimates that there are over 942,562 CCTV Cameras in London's 607 square miles, equating to 1552.82 CCTV cameras per square mile. (2022) The numbers of CCTV cameras in London vary and the data is often based on old estimates or research.
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Re: Central Bank Digital Currency

Post by Screwdriver »

Mr. Dazzle wrote: Wed Jul 19, 2023 12:05 pm From a purely "technical" level (can't think of a better word) you're both correct. There's nothing stopping 'them' completely turning my money off for whatever reason.

But in the same vein, there's also nothing stopping them sending the police around my house to bugger me with riot batons either, right? They just err.....don't. There's not even anything stopping Bill Gates paying a load of PC World employees to do that. Other than 'the law'. And my semi-flimsy front door.

So what's new here exactly?
I appreciate I am on a hiding to nothing here because when AI inevitably creates a catastrophic dystopia or perfect utopia no one will remember some random dude on the internet. Plus I am not literally "worried", I am far more concerned about fixing up my shed and doing something with some old bikes etc.

But I do find it interesting that these things are happening and trying to predict what effect that might have either on society as a whole or on my individual circumstances. Plus of course, forewarned is forearmed and apart from the odd idiot with the inevitable moronic comments, it might generate intelligent conversation. You know, as if we were adults happy to share our views in a forum.

Why else is anyone reading this?
“No one is more hated than he who speaks the truth.”
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weeksy
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Re: Central Bank Digital Currency

Post by weeksy »

Screwdriver wrote: Wed Jul 19, 2023 12:43 pm Why else is anyone reading this?
You posted it, we agree/disagree, that's the whole point of a forums existence ?
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Re: Central Bank Digital Currency

Post by Count Steer »

Screwdriver wrote: Wed Jul 19, 2023 11:49 am Unsurprisingly @Potter hit the nail on the head, it is clearly an extremely effective method for control in an authoritarian regime.
And the nail head was much easier to see in what he said because it wasn't buried in boilerplate guff about Bill Gates etc.

Honestly, you lose peoples interest in anything if you keep wrapping it up in that sort of 4Chan stuff. It's a shame because the real issues get obscured.
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But certainty is an absurd one
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Re: Central Bank Digital Currency

Post by Screwdriver »

weeksy wrote: Wed Jul 19, 2023 12:33 pm
Screwdriver wrote: Wed Jul 19, 2023 12:31 pm
I am surprised any competent, intelligent computer savvy person would be so dismissive of this watershed moment in human history.
I'm astounded you actually function each day without running round screaming... You seem to be completely obsessed by all this and thinking the end is nigh
Why? How is your obsession with criticising me for daring to express an opinion on anything of any benefit to having a rational discussion on current affairs? Do you get a kick out making this personally insulting? Do you think it makes you look "clever"?

If you're not interested in my observations regarding the potential effects of AI or digital currency/identity then why are you here?

I would be much more interested in detailing why you don't think AI is going to have any effect than this constant stream of personal attacks.
“No one is more hated than he who speaks the truth.”
Plato