Future

World

Biden

Bank AI

Bitcoin

<p>In the ever-evolving world of finance, <a href="https://walletinvestor.com/magazinadmin/u-s-congressman-warren-davidson-calls-to-ban-cbdcs/" rel="noopener noreferrer nofollow">Central Bank Digital Currencies</a> (CBDCs) have emerged as a hot topic of discussion. As nations grapple with the idea of digitizing their currencies, concerns about privacy, control, and the broader implications for society have come to the forefront. A recent episode of the popular “Joe Rogan Experience” podcast brought this debate into the limelight, with both host Joe Rogan and guest Post Malone expressing their apprehensions.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="the-game-over-scenario-rogan-s-perspective">The “Game Over” Scenario: Rogan’s Perspective</h2> 
<p>Joe Rogan, known for his candid and often controversial takes, did not hold back when discussing the potential pitfalls of CBDCs. Describing the introduction of a U.S. CBDC as a “game over” scenario, Rogan delved into the potential for misuse by those in power.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">NEW – Worlds biggest podcaster Joe Rogan discusses with rapper Post Malone how a CBDC would be “game over.”</p> 
 <p>The mainstream is waking up. <a href="https://t.co/XVmI7zM8vj" rel="noopener noreferrer nofollow">pic.twitter.com/XVmI7zM8vj</a></p> 
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1689305096306245632?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2023</a></p> 
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="the-tyranny-of-digital-control">The Tyranny of Digital Control</h2> 
<p>One of Rogan’s primary concerns was the potential for a tyrannical government to manipulate the flow of a CBDC based on a citizen’s social credit score. Drawing a dystopian picture, he suggested that individuals could be cut off from their finances for merely breaking societal rules. This, he argued, would give governments unprecedented control over their citizens, leading to a potential erosion of individual freedoms.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="post-malone-s-financial-fears">Post Malone’s Financial Fears</h2> 
<p>The multi-platinum artist Post Malone, while echoing many of Rogan’s sentiments, also brought his unique perspective to the table. Delving into the intricacies of the U.S. banking system, Malone highlighted the limitations of the Federal Deposit Insurance Corporation (<a href="https://www.fdic.gov/" rel="noopener noreferrer nofollow">FDIC</a>) insurance, which only covers bank account values up to $250,000.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="the-canadian-precedent">The Canadian Precedent</h2> 
<p>Drawing parallels to international events, Malone referenced the controversial decision by the Canadian government to freeze bank accounts associated with the “Freedom Convoy” truckers. This action, he argued, was a stark reminder of how governments could exert control over individual finances, potentially cutting off funds without notice.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="the-broader-implications-a-world-watching-closely">The Broader Implications: A World Watching Closely</h2> 
<p>The discussions on the Joe Rogan Experience are reflective of broader societal concerns. As CBDCs become a focal point in global politics, their potential impact on individual freedoms, financial security, and the balance of power between citizens and their governments is being hotly debated.</p> 
<p>&nbsp;</p> 
<p>Republican presidential candidate and Florida Governor Ron DeSantis, for instance, has been vocal in his criticism of the Biden Administration’s stance on cryptocurrencies. Promising to reverse certain policies if elected, DeSantis represents a faction that is wary of the rapid digitization of currencies without adequate safeguards.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="conclusion-the-future-of-finance-or-a-pandora-s-box">Conclusion: The Future of Finance or a Pandora’s Box?</h2> 
<p>As the world stands on the cusp of a financial revolution, the discussions between figures like Rogan and Malone are more relevant than ever. While the potential benefits of CBDCs, such as increased efficiency and reduced transaction costs, are undeniable, the concerns about privacy, control, and potential misuse cannot be ignored. As nations tread this uncharted territory, the need for a balanced approach that safeguards individual rights while embracing innovation becomes paramount. Only time will tell if CBDCs will be the future of finance or open a Pandora’s Box of issues.</p>

CBDCs Under the Lens with Joe Rogan and Post Malone

Table of Contents

WalletInvestor

Other articles published on Aug 10, 2023

Cardano (ADA) and Binance Coin (BNB) Feeling the Heat as InQubeta (QUBE) Takes Center Stage

CPI Report: With U.S. Inflation Lower Than Expected, How Is The Crypto Market Reacting?

EDX Markets Partners with Solidus Labs to Support Best-in-Class Comprehensive Transaction Monitoring

OKB Price Prediction: Can it Crush $50 Psychological Level?

Has Shiba Inu had its day? Is Bitcoin Spark the next blow-up crypto?

PowerPool grants and submission guidelines for contributors

Join our free newsletter for daily crypto updates!