Peters: Digital Cash Enables Total State Financial Control and Surveillance
Eric Peters · Crypto for Institutions 1: Eric Peters – The Macro Case for Bitcoin (Capital Allocators, EP.180) · Mar 8, 2021 · at 13:10
Eric Peters, CIO of One River Asset Management, explains the surveillance and policy mechanisms enabled by central bank digital currencies.
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“Once you've moved people off paper money, there's no place to hide. And so that's how the government acquires power through that, because once they do that, well, think of all the things that you can do with that, right? One of the things you can do is you can stop money laundering and stop Dodgy movements. You can confiscate people's money. You can tax people. You can impose negative interest rates on some group of corporations or people. You can give other people subsidies. I mean, the government has enormous power once it associates a person and a corporation with a wallet and then can track every transaction.”
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