Yuge if factual
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@Fiddle
>no more than 50euro
Good luck doing your shopping. If this thing is real, this will flop harder than Magikarp.

Even leaving aside the dystopic control the government wants to have on this thing, just first 4 points alone make it completely untenable as a currency. You can't buy your family groceries within the 50euro limit, the 1000euro a month limit is easily exceeded if you decide to buy an appliance in a particular month (assuming we ignore the first limit), the 50 transactions a month limit can easily be exceeded as well by an average city dweller, and people can and do have salaries more than 3000euro.

My conclusion so far is that this is a farce. A bogus copy-pasta someone made to fearmonger about EU authoritarianism. Which is weird, cause EU is already bad enough. You don't need to fearmonger.

@alyx @Fiddle
I would focus more on the last point. Can be spent only in approved shops.

That means, that it will be about as useful as food stamps AT BEST.

@alyx @Fiddle
Fuck...
These ARE food stamps!!!

@LukeAlmighty @Fiddle
I did consider the possibility that this "digital euro" wouldn't be a replacement currency, but a bonus one, to use alongside traditional currency, for small daily transactions. But when the current credit/debit card infrastructure already works so well, for transactions of any size, why even bother? You either attempt to replace the old credit/debit card entirely, or you give up. There is no point to have another way to buy a bag of chips, if I can just as easily do with with my debit card.

You could argue the digital euro would be more secure, but I need transaction security for large sums of money transacted, not for 50euro exchanges.

@alyx @Fiddle
The point is that you cannot spent more of it, can have only a certain ammount of it, and cannot trade it between people.

Making it literally a food stamp without the possibility of selling them for real money.

@LukeAlmighty @Fiddle
In a way, it reminds me of our economy during communism. People still had money, and owned things, but you could actually end up making more money than you could spend. Groceries were rationed, quite heavily, and it's not like you could keep buying appliances or furniture all the time either. You couldn't even buy more than one house, cause your home was kinda government issued anyway. You were heavily limited in what you could do with your money.

@alyx @LukeAlmighty @alyx @LukeAlmighty

That's what WEFniggers want, they want to bring back communism but this time with cool tech widgets (24h surveillance) and buttsex

dont forget that since the 50's everything was bought on Credit
My boomer dad did that all the way into the 80's

@DIEPEEDODIE @Fiddle @LukeAlmighty
I keep telling Americans that their "but I need my bank credit score to get a house loan" is the most retarded thing they do.
If you use a credit card, instead of a debit card, you're already failing at life.

@alyx @DIEPEEDODIE @Fiddle @LukeAlmighty American culture highly encourages use of credit cards, and a lot of things require them and won't accept cash or debit at all

@Alex @Fiddle @DIEPEEDODIE @LukeAlmighty
And at the same time Americans bitch about the Chinese social credit system, when they have the banks controlling their lives this way.

the Boomers in this city do cash payments for every thing and they refuse to use smartphones
when they are gona Millenials will push us in hyper drive
my Local LIDL is already requiring a smarthphone to get the discounts

Worry not, civilizational collapse will come just in time to stop us from a life of cringe funny money that is designed with the sole purpose of shackling you to (((them))).

I pray for Nuclear war every day