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Podcast: PRay TeLL, Dr. Hash
Episode: 1435 Digital Currency
Description: From an autistic point-of-view, digital currency seems like a good idea. Known colloquially as “cryptocurency,” there are many private issuers. Speculators are “investing” in them, gambling that their value will go up indefinitely. In reality, all of them are simply Ponzi schemes but few people, and certainly not the government, are identifying them as such. In fact, governments want to get in on the deal. Replacing the dollar as the world’s fiat currency is the CBDC, the Central Bank Digital Currency, which is currently being introduced through some of the world’s largest banks.
The difference between the CBDC and other di...