Topic: CBDCs are created for unemployment purpose - page 2. (Read 723 times)
Banks will still be there as is. We know how big they are in different countries; of course, people who know this already will gain their trust in how they keep their money. Still, we see how the banks really would like to get all your money, like if you make a deposit ton of money still there's a limitation of withdrawal even though its your money and once you deposit to those centralized banks, it's not your cash anymore because they have the control to circulate that money to make them profitable at the end. They are offering different services so people courage to make put their money. Another thing they keep still some manpower needed once the bank continuously grows else they want to keep as online without a prior branch for their clients.
The launch of CBDC will not bring significant changes to the ordinary financial life of society. Likewise in terms of employment. And traditional banks will still be needed in the end. Because CBDC is just a digital form of Fiat. So of course there will still be a need for banks to manage customers and the like. But if we talk about the future then of course we don't know. Whether traditional banks will eventually disappear or not. But I believe CBDC will not replace regular fiat money. Both will exist side by side. so that Traditional Banks will also continue to exist. It's just that workers who understand Blockchain and cryptography are needed to work in managing the CBDC. So that job opportunities will increase in this case. Possible. 
What if, with the introduction of CBDC, all your money becomes controlled by the state and tomorrow you are told that you will not be able to use it until you get some kind of vaccination, and without it you will not be allowed to work. You will not have a job and you will not have affordable means of subsistence and you will be forced to do what the government tells you.Of course, this may sound absurd now, but I do not rule out that this could happen in the future, most recently during a pandemic, I saw something similar, but if the government had even more control levers, then this situation would become much more complex.
~snip~
Let's ignore the issue of control, centralization or decentralization in this topic, because it is not the main content of the topic. But I wonder how CBDC can cause unemployment and how cryptocurrency creates a higher survival rate than traditional jobs? I think that when CBDC is born, it will also create new jobs and positions in the banking sector, employees will be trained and assigned new job tasks. As for cryptocurrency, it is a financial market, meaning when we invest there will be winners and losers, how can anyone get a stable income from it? The world is entering a digital world, old things need to be eliminated and new things will be created and that has been the rule of the world for thousands of years.
As you mentioned, old will give way to new. But what's really interesting is that this change is happening at a rate that has never been seen before in history. Rapid change brings opportunities and challenges.
Yes, things are changing quite quickly. We have genuinely evolved dramatically over time, things that we thought we could never accomplish but have now gradually been conquered by human intelligence.
I agree, cryptocurrency was born and from there also brought new job opportunities for everyone, especially in the programming field, I think that is the profession that benefits the most. And it also shows us that new technology always creates new needs and jobs, so why should we worry when AI and CBDC develop?
I feel like people's antipathy towards the government is so great, so everyone thinks that what the government creates are negative things that harm everyone. I'm not saying that CBDCs are good, but they also don't cause unemployment to increase like people are saying, nor do large unemployment rates bring any benefit to the government. How can a country become rich and developed if its people are poor? The government never wants the unemployment rate to increase.
We can see how traditional banking has helped in creating employment. Many people are employed in the banks. The banks and their employees are paying taxes.
I read this today: CBDCs will gradually displace private banks, says Russian lawmaker
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.
Can this be what would later happen?
I read this today: CBDCs will gradually displace private banks, says Russian lawmaker
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.
Can this be what would later happen?
Sadly they have already made the moves to downsize the banking locations for most all banks. Reduce the work force and replace them with automated tellers. Stopping acceptance of coins and issuing coins out in public and private banks as well has allowed banks to downsize and basically nearly reduce banks down to just a location with a few machines in them.
The launch of CBDC will not bring significant changes to the ordinary financial life of society. Likewise in terms of employment. And traditional banks will still be needed in the end. Because CBDC is just a digital form of Fiat. So of course there will still be a need for banks to manage customers and the like. But if we talk about the future then of course we don't know. Whether traditional banks will eventually disappear or not. But I believe CBDC will not replace regular fiat money. Both will exist side by side. so that Traditional Banks will also continue to exist. It's just that workers who understand Blockchain and cryptography are needed to work in managing the CBDC. So that job opportunities will increase in this case. Possible.
As you said, CBDC is the digital version of fiat and it is just a unit used to measure and help us easily exchange goods with each other. It has no job creation function and we need to work to earn it as much money as possible so we cannot expect CBDC to change our financial situation. CBDC is currency, it is not a job and our mission is to still find ways to earn it every day.
Meanwhile, blockchain and cryptocurrency, one is technology, the other is financial market. So of course they will bring us jobs or profits. There is nothing comparable in this case.
The launch of CBDC will not bring significant changes to the ordinary financial life of society. Likewise in terms of employment. And traditional banks will still be needed in the end. Because CBDC is just a digital form of Fiat. So of course there will still be a need for banks to manage customers and the like. But if we talk about the future then of course we don't know. Whether traditional banks will eventually disappear or not. But I believe CBDC will not replace regular fiat money. Both will exist side by side. so that Traditional Banks will also continue to exist. It's just that workers who understand Blockchain and cryptography are needed to work in managing the CBDC. So that job opportunities will increase in this case. Possible.
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The traditional banking has helped alot of people with jobs but also cut off alot of their staff after the issue of the pandemic happened. For the record, it was a cryptocurrency that paved the way for new job opportunities for alot of people during and after the pandemic.
Having said that, the CBDC may displace fiat currency but I don't see it as something that will generate jobs for the unemployed.
The statement made that CBDCs are created for unemployment purposes is a political scam.
Having said that, the CBDC may displace fiat currency but I don't see it as something that will generate jobs for the unemployed.
The statement made that CBDCs are created for unemployment purposes is a political scam.
Yes the traditional employed people but it could not elevate those workers from the poverty line. They are bank workers but their lives were the same with the peasants. It is only the management team in the banking system that live well and enjoy life. CBDC will remove mass employment from workers because it doesn't have or increase economic growth or value to users. I don't think there any benefit in CBDC.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
Government indeed could offer people with jobs and these same people are few in numbes working under a centralized commercial banks while bitcoin in cryptocurrency is providing employability for all and not for some, what the banks are also giving their workere is not up to what they are demanding from them, this is a normal way of reasonings a normal person should have as an approach with what they are offering.
The fact is that CBDC is the selfish agenda of government to work towards the control of the people and that seem as their major objective and not how to better the welfare of people. The blockchain and bitcoin technology put government on toe and they strive not to relinquish the hold they have for control through finance. The goal of CBDC is not different from the effect of AL, bots used in today's economy that has caused the drop of job opportunities. As we know, with cryptocurrency the people have found a survival rate that is higher than the traditional job system.
Let's ignore the issue of control, centralization or decentralization in this topic, because it is not the main content of the topic. But I wonder how CBDC can cause unemployment and how cryptocurrency creates a higher survival rate than traditional jobs? I think that when CBDC is born, it will also create new jobs and positions in the banking sector, employees will be trained and assigned new job tasks. As for cryptocurrency, it is a financial market, meaning when we invest there will be winners and losers, how can anyone get a stable income from it? The world is entering a digital world, old things need to be eliminated and new things will be created and that has been the rule of the world for thousands of years.
Therefore, if you have questions with your digital money, you will have to talk to the AI bot.
~snip~
Let's ignore the issue of control, centralization or decentralization in this topic, because it is not the main content of the topic. But I wonder how CBDC can cause unemployment and how cryptocurrency creates a higher survival rate than traditional jobs? I think that when CBDC is born, it will also create new jobs and positions in the banking sector, employees will be trained and assigned new job tasks. As for cryptocurrency, it is a financial market, meaning when we invest there will be winners and losers, how can anyone get a stable income from it? The world is entering a digital world, old things need to be eliminated and new things will be created and that has been the rule of the world for thousands of years.
As you mentioned, old will give way to new. But what's really interesting is that this change is happening at a rate that has never been seen before in history. Rapid change brings opportunities and challenges.
in every technological advancement, there will be jobs that will become obsolete, but there will be new jobs created out of it. so it is not totally true that it will create unemployment, rather there will be shift in terms of job titles here. the process may be automated, but somewhere along the way, it will need human intervention to hasten the introduction of new technological advancements.
Yes the traditional employed people but it could not elevate those workers from the poverty line. They are bank workers but their lives were the same with the peasants. It is only the management team in the banking system that live well and enjoy life. CBDC will remove mass employment from workers because it doesn't have or increase economic growth or value to users. I don't think there any benefit in CBDC.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
Government indeed could offer people with jobs and these same people are few in numbes working under a centralized commercial banks while bitcoin in cryptocurrency is providing employability for all and not for some, what the banks are also giving their workere is not up to what they are demanding from them, this is a normal way of reasonings a normal person should have as an approach with what they are offering.
The fact is that CBDC is the selfish agenda of government to work towards the control of the people and that seem as their major objective and not how to better the welfare of people. The blockchain and bitcoin technology put government on toe and they strive not to relinquish the hold they have for control through finance. The goal of CBDC is not different from the effect of AL, bots used in today's economy that has caused the drop of job opportunities. As we know, with cryptocurrency the people have found a survival rate that is higher than the traditional job system.
I still remember the case of the central bank governor in my country who developed the country CBDC which he called digital e-naira, he alone supervised that poor currency development with a lot of weaknesses that only served the needs of those corrupt leaders against the will of the people.
Currently, the same CBN governor is facing charges with the government over other criminal involvement such as arms dealing and all those arms were founded through such CBDC development and usage within the elits.
~snip~
Let's ignore the issue of control, centralization or decentralization in this topic, because it is not the main content of the topic. But I wonder how CBDC can cause unemployment and how cryptocurrency creates a higher survival rate than traditional jobs? I think that when CBDC is born, it will also create new jobs and positions in the banking sector, employees will be trained and assigned new job tasks. As for cryptocurrency, it is a financial market, meaning when we invest there will be winners and losers, how can anyone get a stable income from it? The world is entering a digital world, old things need to be eliminated and new things will be created and that has been the rule of the world for thousands of years.
As you mentioned, old will give way to new. But what's really interesting is that this change is happening at a rate that has never been seen before in history. Rapid change brings opportunities and challenges.
Traditional banking helped in creating employment not because many people are employed in the banks. It helped in creating more jobs because fractional reserve banking created artificial capital and the banking system provided affordable loans for the businesses.
I don't believe that CBDCs will gradually displace private banks because somebody still has to evaluate which people and business are suitable
for getting a loan and which ones aren't. I don't think that AI is capable in replacing the humans, when it comes to such evaluation.
CBDCs are created to be an addition to the fiat banking system, not to replace it.
How do you think CBDCs can help with unemployment?I don't believe that CBDCs will gradually displace private banks because somebody still has to evaluate which people and business are suitable
for getting a loan and which ones aren't. I don't think that AI is capable in replacing the humans, when it comes to such evaluation.
CBDCs are created to be an addition to the fiat banking system, not to replace it.
It seems to me that CBDCs were created specifically to replace the existing fiat system, this will be a kind of reboot of the old system into a new one. But I also do not believe that CBDC is capable of destroying the entire existing system of commercial banks, and I also do not believe that with the introduction of CBDC, lending will become impossible for the population, so the banking system may be modified, but this should not lead to the dismissal of everyone employees, there will be some kind of restructuring.
We can see how traditional banking has helped in creating employment. Many people are employed in the banks. The banks and their employees are paying taxes.
I read this today: CBDCs will gradually displace private banks, says Russian lawmaker
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.
Can this be what would later happen?
I read this today: CBDCs will gradually displace private banks, says Russian lawmaker
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.
Can this be what would later happen?
Traditional banking helped in creating employment not because many people are employed in the banks. It helped in creating more jobs because fractional reserve banking created artificial capital and the banking system provided affordable loans for the businesses.
I don't believe that CBDCs will gradually displace private banks because somebody still has to evaluate which people and business are suitable
for getting a loan and which ones aren't. I don't think that AI is capable in replacing the humans, when it comes to such evaluation.
CBDCs are created to be an addition to the fiat banking system, not to replace it.
Yes the traditional employed people but it could not elevate those workers from the poverty line. They are bank workers but their lives were the same with the peasants. It is only the management team in the banking system that live well and enjoy life. CBDC will remove mass employment from workers because it doesn't have or increase economic growth or value to users. I don't think there any benefit in CBDC.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
Government indeed could offer people with jobs and these same people are few in numbes working under a centralized commercial banks while bitcoin in cryptocurrency is providing employability for all and not for some, what the banks are also giving their workere is not up to what they are demanding from them, this is a normal way of reasonings a normal person should have as an approach with what they are offering.
The fact is that CBDC is the selfish agenda of government to work towards the control of the people and that seem as their major objective and not how to better the welfare of people. The blockchain and bitcoin technology put government on toe and they strive not to relinquish the hold they have for control through finance. The goal of CBDC is not different from the effect of AL, bots used in today's economy that has caused the drop of job opportunities. As we know, with cryptocurrency the people have found a survival rate that is higher than the traditional job system.
Let's ignore the issue of control, centralization or decentralization in this topic, because it is not the main content of the topic. But I wonder how CBDC can cause unemployment and how cryptocurrency creates a higher survival rate than traditional jobs? I think that when CBDC is born, it will also create new jobs and positions in the banking sector, employees will be trained and assigned new job tasks. As for cryptocurrency, it is a financial market, meaning when we invest there will be winners and losers, how can anyone get a stable income from it? The world is entering a digital world, old things need to be eliminated and new things will be created and that has been the rule of the world for thousands of years.
Yes the traditional employed people but it could not elevate those workers from the poverty line. They are bank workers but their lives were the same with the peasants. It is only the management team in the banking system that live well and enjoy life. CBDC will remove mass employment from workers because it doesn't have or increase economic growth or value to users. I don't think there any benefit in CBDC.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
Government indeed could offer people with jobs and these same people are few in numbes working under a centralized commercial banks while bitcoin in cryptocurrency is providing employability for all and not for some, what the banks are also giving their workere is not up to what they are demanding from them, this is a normal way of reasonings a normal person should have as an approach with what they are offering.
The fact is that CBDC is the selfish agenda of government to work towards the control of the people and that seem as their major objective and not how to better the welfare of people. The blockchain and bitcoin technology put government on toe and they strive not to relinquish the hold they have for control through finance. The goal of CBDC is not different from the effect of AL, bots used in today's economy that has caused the drop of job opportunities. As we know, with cryptocurrency the people have found a survival rate that is higher than the traditional job system.
It is really that simple, politicians more than anything want more power and they see on those CBDCs a way to concentrate more power on the government, however with bitcoin still around it is going to be difficult for them to achieve their dream, also with the economy in such a bad shape it is just a matter of time until the system collapses, and once it does they may try to force their new CBDCs upon an ignorant population, but those that understand what is going on will refuse to adopt them and they will adopt bitcoin instead.
Are you sure that people will be given such a choice? I have doubts about this. When did this happen? “Managers,” of course, can explain this by caring for citizens and everyone will clap their hands together with such joy and begin to experience an orgasm due to the fact that the government takes care of them and does everything only well.We have already heard such tales many times, but things are still there. Nothing like that will happen.
What about Bitcoin? Is this a panacea? No not like this. In my country it is even prohibited to use it as a means of payment. How do you imagine people using it in everyday life? Will they really break the law? This is all nonsense.
Something drastic has to happen. Something that will change the current financial paradigm. Will put her in doubt. Although with the latter everything is already very clear. Only a very small number of citizens understand this. They are more accustomed to existing as it is at the moment and not changing anything. Incredible conservatism that is difficult to change.
Displace fiat and traditional banking you mean? What is the different from CBDC and the normal fait system ?
The traditional means of banking has being moved into digital before the launch and introduction of CBDC, which one can make their transactions and execute it without even working straight to the bank everything can be done only, likewise the CBDC they need make use of internet in other for them to be able to complete a single transaction, so how will that make any much of a difference and how will people divert from using their normal banking service which they understand much more better and start using CBDC or is their any form of low to zero fee tolerant for those who are to make use of CBDC
Everything is much more banal and prosaic than you think. All this digital money helps to tighten control over the financial flows of citizens. Only these “managers” never admit this: “Everything is for the benefit of the people.”The traditional means of banking has being moved into digital before the launch and introduction of CBDC, which one can make their transactions and execute it without even working straight to the bank everything can be done only, likewise the CBDC they need make use of internet in other for them to be able to complete a single transaction, so how will that make any much of a difference and how will people divert from using their normal banking service which they understand much more better and start using CBDC or is their any form of low to zero fee tolerant for those who are to make use of CBDC
This doesn't surprise me at all, to be honest. One of the reports said this directly, but then they began to deny it. It's already late. You can't take back your words. From that moment on I have no doubts about this.
We can see how traditional banking has helped in creating employment. Many people are employed in the banks. The banks and their employees are paying taxes.
I read this today: CBDCs will gradually displace private banks, says Russian lawmaker
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.
Can this be what would later happen?
I doubt that banks really care about that at all, plus I agree that there will still be workers. It's obvious that they are not doing it just for this purpose and people are just overreacting about it. I think it is going to be fine and nothing will change.I read this today: CBDCs will gradually displace private banks, says Russian lawmaker
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.
Can this be what would later happen?
I mean like literally absolutely nothing will change. I get that some people like to create FUD and think that tens of thousands of people even hundreds of thousands of people will be unemployed because of it, but it will not be like that, I doubt that very much. Banks always need people to work there, otherwise it will not work, even nowadays online banks are hiring so many people, because most workers work behind the scenes and are not tellers for you to talk to.
Even if they do experience unemployment, I think the government will not just let unemployment go by, and things like this will definitely take into account all the consequences, so we don't need to worry, maybe there will be other industries for them to get work.
Arguably, CBDCs could potentially be the future of payments, and it will be interesting to see how the market develops as more central banks begin to explore and adopt this technology. It has the potential to revolutionize the world of finance by providing a more efficient, secure and transparent digital currency.
I just think that CBDC is no different from the traditional banks that we are used to. Because it will still be manipulated by the government, according to my understanding. Let's say that the bank belongs to the financial institution and the CBDC is from the issuing central bank.
Not all central banks are independent because there are other central banks that are controlled by the government, and in central banks that are independent, they are not controlled by the government, but the government has influence to make the central bank follow what they want to happen, and when that happens, of course, that means the CBDC is still controlled by the government because the government has a strong influence on the central bank.
And I beg to disagree that CBDC was created for unemployment I don't think so in my own opinion, they might hire others but it will
be limited only for sure.
Yes the traditional employed people but it could not elevate those workers from the poverty line. They are bank workers but their lives were the same with the peasants. It is only the management team in the banking system that live well and enjoy life. CBDC will remove mass employment from workers because it doesn't have or increase economic growth or value to users. I don't think there any benefit in CBDC.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
But bitcoin which is a digital currency has a lot of benefits. Well CBDC can work hand in hand with bitcoin to make itself valuable for people to use frequently.
Government indeed could offer people with jobs and these same people are few in numbes working under a centralized commercial banks while bitcoin in cryptocurrency is providing employability for all and not for some, what the banks are also giving their workers is not up to what they are demanding from them, this is a normal way of reasonings a normal person should have as an approach with what they are offering.
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