I call it fascist coin. It would give the federal government not only the ability to see exactly who buys exactly what - each and every transaction, but it would also give the federal government the ability to:
- invalidate somebody’s money
- to make somebody’s money valid only for certain purposes/at certain locations
- to give people an individual inflation rate of their choosing
- to set a time limit on how long somebody’s money was valid
or any of a number of other means of control....all at a keystroke. If there is one thing the government has proven it is that it cannot be trusted with that much power. Hell no to a digital currency.
I have done accounting for over 65 years.
ANYONE care to explain to me how any business or person will be able to do their bookkeeping for the IRS or be able to save data for 7 years???? Or be able to know if they are even making a profit. Or giving info to employees like a W-2???