CBDC (Central Bank Digital Currency)

[bigredfish]

People have to look past the actual payment issues, though as said above, it can be problematic

The bigger issue is tracking every fucking penny you spend. Connecting that to your lifestyle, who you associate with, that $600 you lend your drug addict son, the $50 you pay some stranger for a $250 IP camera, that side hustle money you make and don’t declare…

And there’s the ability for the bank or .gov to simply restrict what you buy, how you spend, based on your social credit score,

 

[Chokolinho]

All I can say is, screw that CBDC money.

 

[tigerwillow1]

I'm using cash more and more because of some companies tracking my in-store purchases when I pay with a card. The top of my offender list is Walmart and Home Depot.

 

[David L]

Still exists but 80% of transactions where I work are card. Very few people using cash anymore. It's great until the card payment system goes down then the company loses a fortune as people simply walk out as they're unable to pay.

Here when Internet goes out in this small town businesses can only except cash. It has happened a few times in the almost 3 years we have lived here. Wait till CBDC kicks fully in and controls/limits how we manage/spend our money. I pray I am 6 feet under before this happens but all it takes is a regime change...

 

[David L]

I'm using cash more and more because of some companies tracking my in-store purchases when I pay with a card. The top of my offender list is Walmart and Home Depot.

Yeah I get emails all the time to Buy Again items I have purchased. At the surface it seems convenient since it is easy to forget to buy certain things we use monthly/regularly but to me it is invasive, IMO

 

[David L]

I'm using cash more and more because of some companies tracking my in-store purchases when I pay with a card. The top of my offender list is Walmart and Home Depot.

You know way back when I started using Credit Cards it was mainly because I did not want to carry alot of cash for big purchase items, made sense to me. This convenience has now turned into a problem over time, from gas stations offering lower prices for using cash to restaurants charging 3% or more to use the cards and as mentioned the tracking of all our purchases. I reject giving my email address at merchants but when forced I give a fake one...

Sad but we get more robocalls now then calls from family and friends, haha. Kinda paints a bad picture huh...

 

[bigredfish]

Big difference between Walmart tracking your every purchase and .gov doing so.

Walmart can’t easily combined various purchases at different stores, gas stations, online on your laptop, dinner at your local eatery, donations to political parties, attribute all of your spending (and location ) and aggregating same to know details of all of your daily habits or limit your purchases or deduct “fees and penalties” from your account without authorization.
Based on your loyalties …

.gov can and will

 

[tigerwillow1]

Big difference between Walmart tracking your every purchase and .gov doing so.

Agreed but it still pisses me off. The credit card transaction should be encrypted between you and the card issuer, without your identity being disclosed to the seller.

Another thing that pisses me off, a while back I had an autopay something that renewed annually, and wanted to drop it The card info they had expired before the next renewal, and I figured that the next autopay would be rejected and I'd be terminated. WRONG! I learned that when something is on autopay, the credit card companies send the card renewal information to the merchants, as a "courtesy" to the cardholder. I wondered what the heck gives them the right to do that.? It's probably somewhere in the 30-page fine print card agreement.