The money has to be in a bank to pay certain bills. Without access to that cash, how does a person pay those bills?
They could essentially be evicted, get fired (because they can't get to work), have judgements placed against them (for getting behind on child support), and more.
How does someone still pay their normal day-to-day bills when their money is locked up?
This is the whole point of CBDC. If you don't toe the line then you can be restricted, punished, cut off from society. Even if you've done nothing wrong, they can still do this. And you have little to no recourse. Like they say "we don't have to tell you why". They can absolutely hold your money hostage for months/years.
So what is the solution? How does a person pay their bills, etc., if all their cash is locked up with no recourse?
You can't. That's why Bitcoin matters.
Money in the bank is not your money.
Right. Most people now understand this. Do you have any ideas for a solution for someone that finds themselves in that situation?
Don't keep your money in a bank. Don't store value in fiat.
An actual solution for people who still have to interact with the world as it is.
It is a solution. When I say don't keep money in a bank, I mean don't keep any money in a bank that you're not okay with losing. You can still use a bank to pay your bills. But the only money in the bank should be bill money ie. money you plan on leaving the account within the month.
This is for I love in America.
There are exchanges that will do Bill-payments for you. In Canada BullBitcoin has a massive list of payees. Billing company receives payment however they want, you pay in Bitcoin.
Ok. That's a way. I was not aware of this. Very helpful. Thank you.
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