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When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?

 
Anonymous Coward
User ID: 82830443
Japan
08/11/2022 10:56 PM
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When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
Bartered goods, crypto, gold, silver, artwork, and and all other collectibles. Discuss.
Crypto-Tard

User ID: 78144147
United States
08/11/2022 11:01 PM

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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
Lead will be in great demand.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
User ID: 83763088
United States
08/11/2022 11:13 PM
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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
I don't think there would be one. In their end goal of a total police state there would really be no other currencies existing. Just the central one that they control.

Everything will be monitored 24/7 and restricted. Your activities, your internet usage, if there even is internet anymore. Any sign of black market activity will see you swiftly censored and removed. No one from our peasant class is going to own anything valuable. You'll be allowed very few possessions and none of any real worth.

What'll likely happen is at some point during this economy destroying process they'll collapse and destroy bitcoin and cryptos so it won't even be around anymore.

Gold and silver will be meaningless for a digital currency and the elite will have the whole supply anyways.
Anonymous Coward
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United States
08/11/2022 11:17 PM
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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
If the economy goes digital and fully monitored.

That black market currency will not be static.

It would have to more of a barter system with things that are useful and necessary being bartered.

The black market will have no universal currency except for sex.
Anonymous Coward
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08/11/2022 11:19 PM
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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
WMD for exchange...it will be war.
Anonymous Coward
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Australia
08/11/2022 11:20 PM
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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
Decentralised Digital Currency (DDC)
Anonymous Coward
User ID: 83809624
United States
08/11/2022 11:32 PM
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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
Bullets, Booze, and Bitches!
Anonymous Coward
User ID: 77907518
United States
08/11/2022 11:57 PM
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Re: When the government rolls out Central Bank Digital Currency (CBDC), what alternatives will the black market use?
Cash will still be used





GLP