Explore the influence of CBDC on privacy and the emerging content economy. Discover the potential challenges and opportunities driven by these digital currencies and the shift towards Web3.
Table of content
Ray Dalio, founder of Bridgewater Associates, has spoken about the risks associated with Central Bank Digital Currencies (CBDC). His predictions often address global economic trends, and this topic is no exception. Dalio believes that the launch of CBDC may fundamentally alter the dynamics of financial privacy, offering governments unprecedented control.
CBDCs will give central banks full control over all transactions. Unlike cash or cryptocurrencies that aim for anonymity, central banks’ digital currencies leave a digital trace of every operation. This may lead to enforced social control through the economy, based on measures like social credit or carbon footprint.
With the introduction of CBDC, the financial system may split into centralized and decentralized alternatives. Dalio warns that this could impact areas like content creation, where operations like ‘Operation Choke Point 2.0’ result in the blocking of legal businesses. This makes Web3, decentralized and independent platforms, an attractive option.
With growing attention from content creators towards Web3-supporting projects, the SUBBD Token (built on Ethereum) aims to break economic dependency on centralized platforms. It offers AI tools and services, enabling management of one’s content and monetization.
SUBBD offers a 20% APY for early investors and develops a tokenomics concept for long-term holding. This could reduce token supply on the market, creating potential price pressure as demand increases.
An analysis of the impact of CBDC and observed changes in the content industry shows a significant risk to financial privacy and independence for content creators. The introduction of projects like SUBBD highlights potential advantages of decentralized solutions.
Follow new insights in our telegram channel.
No need to invent complex schemes and look for the "grail". Use the Resonance platform tools.
Register via the link — get a bonus and start earning:
OKX | BingX | KuCoin.
Promo code TOPBLOG gives you a 10% discount on any Resonance tariff plan.