Central Bank Digital Currency
The Ministry of Plenty established digital currency (CBDC) which is programmable, instantly inflatable, traceable, and designed to promote various approved social goals, such as improving "financial inclusion" and "equity." It is designed to help with "transitioning to a net-zero emissions economy and improving environmental justice." Every transaction made using a CBDC will be easily traced to individual users, and rules could be imposed that limit spending on unapproved activities. For example, if the Ministry of Plenty AI determines that citizens are buying too much gasoline or charging their EVs at unapproved times, it could stop them from doing so remotely. A safety feature of CBDC is that only major banks, Big Brother, and the Ministry of Plenty have ownership of the digital dollars, instead of individuals, thereby protecting and stabilizing the currency.
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