Summary
📊 Personal data is valuable and often sold by companies solely focused on collecting it, highlighting the importance of data protection and awareness of its severity.
🔄 The gradual transition towards CDBCs may result in a majority of people relying on the new system for their transactions.
💸 Cash payments in Europe, including Austria, are declining, with older generations more likely to use cash while younger generations prefer bank cards or digital payment methods.
💸 The move towards a cashless society brings risks such as cyber attacks and blackouts, which could lead to severe problems in society, as people would be unable to make payments for essential items like food.
🕊️ The argument that limiting cash payments is necessary to fight crime is controversial, as it prioritizes restricting the freedom of law-abiding citizens over targeting criminals directly.
🚫 A 23-year-old who financed terrorism by sending money to ISIS terrorist groups in Austria received only two years on probation and a deradicalization program, without going to prison.
💰 If cash is eliminated and digital currencies become the norm, our financial transactions will be completely transparent, allowing authorities to control and restrict our purchases based on their judgment of our behavior.
📱 Survival Lilly’s Instagram account was deactivated, possibly due to the content they share on YouTube, leading them to delete their Facebook account as well.
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