silkworm

It's not hard given the current infrastructure to carry on using cash and your debit card, I use cash all the time - but they are well aware of the distrust around CBDC's so how to get people onboard? You create distrust in the current system and crash it. We know this because of the WEF's Cyber Polygon report that tells us of the impending cyber attacks which will, quite handily, force governments and institutions to quickly abandon the existing fiat system (and internal systems like Swift) and guess what the solution will be? CBDC's! https://www.forbes.com/sites/bernardmarr/2023/02/06/cyber-apocalypse-2023-is-the-world-heading-for-a-catastrophic-event/?sh=78967db11b70 This is basically the "Event 201" of the financial world and it's so obvious. CBDC's are not simply just currency either - they will form part of the blockchain that governments use for Digital ID's, something which Australia already has in place for digital Driving Licences, and will eventually be just about every service the government offers including rent deposit schemes or taxation - so yes, it will be difficult to remain outside the system going forward but at least we'll have some bartering power with precious metals and some alt-crypto. It might just mean we need some alt-digital ID's too at some point.

I personally use Wise and Revolut - both I think these days require facial ID which I hated giving - this will likely be used to give to HMRC if asked for. It was the same with the Exchanges, all suddenly started wanting proof of ID so they can link all your transaction accounts - something which CBDC's will solve for them and it can easily come with loads of caveats - like expiry limits to stop you saving, stop you spending outside of your Covid region etc along with full transparency of your purchases to levy upcoming carbon tax. We all need to use cash where possible and boycott businesses that are cashless.