Cogload

29 minutes ago, EdwardTeach said:

No CBDCs are very different to what we use now and the immediate direct tracking aspect is only a very small part of it. At the moment the government can order a bank to provide information or freeze accounts but they don’t actually have direct access to the account themselves.

With a CBDC they can directly track and control not just your account but also every single individual transaction you make in real time. This can be done either manually or by using AI algorithms. The key word is ‘Programmability’. A CBDC is a programmable currency meaning that it will only work with ‘government approved’ purchases. At the press of a button the government can decide what you’re allowed to buy and where you're allowed to buy it from.

So ask yourself, do you trust our current government and every future government to have your best interests at heart and think that they will never be tempted to abuse this power to control you with? I hope so because they’ll have total direct control of your currency and how you can spend it.

If for example they want to lock you down then suddenly you can't spend your currency on travel tickets but you can still buy food provided it's from a shop within a two mile radius of your house.

If a government in the future decided the only form of convertible currency was a CBDC then to be frank you have no choice but to use it. 

The government can track how I am being paid now to what I spend my cash on - all which will change is instead of a bank algorithm telling you what you can and can't spend (accessible by the Government) is one replaced by (possibly) by the BoE or HMRC. And if routed through a bank what would railing against the dying of the light do? The Algorithm would (theoretically) watch what you spendr and how you spend it. 

As for the Orwell references. Yes I know the book and if you are really scared by what it pertains don't ever ever buy a smartphone. Of any description. 

Sort of bemused by the CBDC talk on here and "the government can watch where I spend my money". Well if you use debit and credit cards now they can trace your money at a drop of a hat. It is effectively digital money. Unless your entire existence is based on being paid in cash and not having a bank account your financial history can be traced. 

I have just discovered Wise. Am finding it quote useful for buying products overseas. I don't have a credit card because of...history..so am not protected that - but so far the banks I use have honoured my purchases (mind they are relatively small amounts in the round). 

Being a not so closet crank I have purchased the piedfort because it is a choo choo and reading between the lines the NRM may be getting a small fee for the image. 

Despite the fact it is the LNER and us Western Boys who are exiled in the land of Malachite Green are hoping the mint try the City of Truro next. Or at least a King/Castle with a Pannier tank to finish. 

None of that Midland pish. 

My ex is Cantonese. There is no way on this planet she would buy anything with an 8 like that in it. She regards that number as deeply unlucky...which is somewhat bizarre as I always considered it lucky...

Interesting coin though..

Very nice. Where did you pick that up from may I ask? 

Will be chasing the Flying Scotsman..google the handle...

Yeah I know they are hammered and therefore ripples isn't strictly accurate but the joke doesn't work otherwise. 

My 5oz and my cheeky 3oz arrived today. And again they are lovely pieces of hand poured silver with enough ripples to make a chocolate bar. So formal thanks to BYB and all others connected in making these happen. 👍

Received my 2023 Brits with HMQ on from the RM today. And in decent nick for bullion as well...😂

On 03/10/2022 at 13:42, Silverlocks said:

I've seen some EIC stuff on the interwebs and they claim to be the East India Company with a licence to mint coins for St. Helena.  Except, the East India Company was dissolved in 1874.

East India Company - Wikipedia

It's not clear from the web site, nor any collateral available off the interwebs, exactly what relationship the entity calling itself the East India Company is to the actual East India Company.  Their claim to have the legal right to mint coinage for St. Helena is quite a bold claim unless there's some shenanigans going on behind the scenes or they've somehow got hold of the legal entity of the EIC itself.

Very little it seems. The new East India company basically blagged the name if we believe Wikipedia: 

https://en.wikipedia.org/wiki/Sanjiv_Mehta_(British_businessman)

How limited? 

Just to add my tuppence worth to this (groan) - I have ordered the 1oz Silver proof which will probably have a mintage of zillions. But I am not buying it to flog it - just to collect it. 

Oh yeah - when I logged on the queue was 61k. 

Arthur looks like a medieval monarch. Needs more woad. 

He is also mentioned in an epic Welsh poem called the Gododdin - where the author takes a swipe at a current king and basically says "he is no Arthur" if my memory serves. 

The Silver one is lovely. Not sure about the gold at all. 

Am sort of bemused as my RM email says "the 2nd coin in the collection" after the Lion. 

Was the Seymour Panther a figment of my imagination?

Did the RM ever release a bullion panther? 

The Royal Mint are certainly cute in their pricing.  As the spot price falls the premium on proof coins rises. 

Trebles all round!

On 26/06/2022 at 13:09, James32 said:

I'm either a genius...or have too much time on my hands 😂

The Ambassador's balls were certainly admired affairs. 

35 minutes ago, James32 said:

American eagles?

I sort of asked for that....badoom tish...

The PM dragons are lovely. Son was born in the year of the dragon and is half chinese so guess what I collect...

It's like the market knows when I am approaching pay day....

Flying Scotsman maybe an interesting one from my personal pov. I would like to see a few engine ones: Rocket, City of Truro, the Scotsman, Evening Star would be ideas for a decent design. Not sure if diesels would count though...

Mind I was going to chunter that the RM are churning out coins like I visit the bog after a hefty biryani and can someone tell them that in the words of that hoary mantra - less is sometimes more. 

I note there is a bullion big pussy cat, was there a bullion issue of the last one? It totally passed me by if there was one., 

30 minutes ago, Bigmarc said:

To make money to by gold

Indeed.