@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.

@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
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@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. :blobshrug:
If you use a credit card, instead of a debit card, you're already failing at life.

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there is some point sceam thingy you can do if your not retarded
but my dad literally paid of 1 credit card with another credit card
but his Sons name on another credit card and basically had to buy out half his pension fund to not go to jail for fraud
The point scheme is most people won’t pay their cards off in a timely manner, and end up paying more in interest than they get in rewards.
If you pay your cards before the interest hits, you mostly win. I only use my card for things I would normally buy with debit, and the points get used on next months balance. It’s “free” money and I’m not paying interest. Read the card terms and budget accordingly so they don’t eat your lunch.
@DIEPEEDODIE @Fiddle @SpudChucker @LukeAlmighty @alyx Credit card company gets 2-3.5% of the transaction from business owner and give an average of 1% to cardholder before considering interest on the debt. You are eventually the loser in the form of higher priced goods, but it's a tragedy of the commons sort of scenario so you may as well use the card and recoup some of the loss.
@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))).
Buddy, living long in abject misery is something nobody wants. That’s why I can’t understand this mortality salience bs the media keeps peddling. A life, no matter how short, is a story. It ends when it ends.

@Oboro @Fiddle @DIEPEEDODIE @alyx @Alex
The problem is, that some people just cannot face the fact that one day, they will die.

It is the first and oldest philosophical dilema for a reason.

And this is why some people won't stop until they upload a construct of their personality into an AI container that will pretend to be them. And some retards will believe that person survived.
its mostly the Boomer NPC's that seem to have grasped hold of the Boomer remover juice
I worked Hospital first kicked out
then Boomer Meal deliveries
leave it at the door and then bleach the outside of the meal container
Look man, I lived with boomers, one of them was terminal. The one that wasn't sick was impossibly paranoid when our girl came along and tore this world a new asshole. The terminal patient, my mom, was already out of it, didn't give a shit. In fact I believe she thought that if she went to sleep and never woke up, it would have been fine. She was sick of all this. Boomers are not all alike, the ones who are the most cringe are also the most vocal.
My Mom held out very long time but caved at the last second
Soft water in hard stone, man.
News media is relentless and is designed with the sole purpose to upset people and limit their behavior.

@DIEPEEDODIE @Fiddle @alyx @Alex
Yeah, that shit it so fucking disgusting.

I know I should never be rude to employees, but bloody hell, this is pushing me over the line.

@alyx @DIEPEEDODIE @Fiddle @LukeAlmighty
That's not why financially responsible people use credit cards. You don't want to use your debit card to pay on the internet if you can use Discover that gives you points and will protect you from fraud. You can still pay your bill on time and pay no interest.
yeah im not sure how your system works
we have something called IDEAL which is basically online debit card
and it pretty much works with everything
so that is what we use

@LukeAlmighty @dj @Fiddle @DIEPEEDODIE
Probably bought into bank propaganda. There's no inherent reason why a credit card would protect your security any better than a debit card.

@alyx @LukeAlmighty @Fiddle @DIEPEEDODIE
I've had my personal info sold before and gotten fraudulent charges on my card that were caught and reversed. With a debit card they can wipe out your checking account and banks are less likely to help. Maybe different in your country.
I have a sub account that just bounces any transactions any one tries to make
but im in a Unique situation

@dj @Fiddle @DIEPEEDODIE @LukeAlmighty
Sounds more like your bank lied to you because they were too lazy to fix your stuff. Also, you can have multiple accounts to your name, and only one of them be tied to the actual debit card. So unless you're really bad at managing your money, they can't wipe out everything by just having your debit card.

Trucker protest showed us they can do that regardless
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