Podcaster and commentator Joe Rogan has slammed the idea of a US central bank digital currency, describing a digital dollar as an “game over” scenario for US citizens.
on August 8 episode Popular Podcasts joe rogan experienceRogan and rapper Post Malone turned to the conversation surrounding the U.S. financial system and paused to focus on the potential abuse of power that could arise from a U.S. CBDC.
Each episode of Joe Rogan’s podcast routinely attracts more than 11 million listeners. Meanwhile, Post Malone has a combined 31 million followers on X and Instagram. Meanwhile, discussions around CBDCs have begun to find their way into the US presidential campaign.
When asked about his views on CBDCs, Rogan made no secrets:
“No way.” Never. That’s what I thought. I think it’s checkmate. Game over. “
Rogan laid out a scenario where authoritarian governments could tie the flow of CBDC to an individual’s social credit score, saying citizens could easily be cut off financially for breaking the rules.
“If they somehow decide that you need some social credit scoring system and it’s for the good of society, and they outline that, they can track your behavior, your tweets and all your stuff (…) They just decide you fuck it, and rules are rules,” he said.
.@Joe Rogan Saying ‘No Way’ to Central Bank Digital Currencies: ‘Game Over’@postmalone ask @Joe Rogan“So what do you think about the digital currency that the government is developing?”
Rogen replied: “No fucking way. Never. That’s what I think. I think… pic.twitter.com/OvQ7Cw1o4E
— Vigilant Fox (@VigilantFox) August 8, 2023
Malone also cited his concerns about the U.S. banking system, noting that FDIC insurance only covers bank accounts worth up to $250,000.
The pair also discussed the Canadian government’s controversial decision last February to freeze bank accounts linked to Liberty Convoy truck drivers.
Joe Rogan and Post Malone Talk Why We Need #bitcoin. pic.twitter.com/77s2ywAhRl
— Altcoin Daily (@AltcoinDailyio) August 9, 2023
Malone believes the U.S. government has so much control over the financial flows of ordinary people that they could cut off money to anyone instantly.
It echoes similar sentiments of avid supporters of decentralized cryptocurrencies.
related: Russia to start CBDC trials with 13 banks
Meanwhile, discussions around CBDCs have become a talking point in US politics. In July, Republican presidential candidate and Florida governor Ron DeSantis vowed to ban CBDCs in the United States if elected president.
Democratic candidate Robert F. Kennedy Jr., on the other hand, criticized CBDCs as tools of “control” and promised to back the U.S. dollar with hard assets, including Bitcoin (BTC), if he is elected president.
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