The New Cuban Economic Order \ stacker news ~tech

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184 sats \ 4 comments \ @edulopesf 22 Aug 2023 tech

As stated below:

https://www.usnews.com/news/world/articles/2023-08-21/as-cuba-takes-leap-towards-cashless-economy-entrepreneurs-brace-for-impact#:~:text=The%20changes%20were%20needed%20to%20stem%20a%20cash,Alberto%20Quinones%2C%20vice%20president%20of%20Cuba%27s%20central%20bank.

Cuba Central Bank will stop issuing print money. Basically every purchase will be automatically informed to the authorities. Still looking for technical details of how it's gonna work.

Sadly, something tell's me, Brazilian Central Bank has been offering some support to this due our experience with PIX.

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25 sats \ 0 replies \ @DarthCoin 22 Aug 2023

So people will start using bitcoin. simple as that. FUCK'EM'ALL

60 sats \ 2 replies \ @k00b 22 Aug 2023

This seems to be happening everywhere with serious inflation. Regardless of whether it is intentional or not, it's becoming the CBDC playbook.

Governments will electronically print so much money they can't physically print enough to match it which is the excuse they need to force use of CBDCs. Then they can inflate without any physical constraint and start doing all kinds of other wacky stuff.

120 sats \ 1 reply \ @edulopesf OP 22 Aug 2023

I guess so... We are pretty advanced here with CBDCs... Basically an Ethereum fork where Retail Banks will work as nodes.

There are a bunch of plans... More than ever Bitcoin comes as an important alternative besides the FIAT...

210 sats \ 0 replies \ @orthzar 23 Aug 2023

We are pretty advanced here with CBDCs... Basically an Ethereum fork where Retail Banks will work as nodes.

It is ironic for a state to be use a shitcoin to manage it's fiat currency. It is a combination of two scams in one.