cmsally

It all depends on your definition of "conspiracy" and just because it is called a "conspiracy" it doesn't mean that it is not true. It is a plan because it has been going on in Thailand since at least 2019. It isn't exactly secret but then it isn't something the ordinary guy on the street would be reading about. https://www.coindesk.com/policy/2022/08/05/thailands-central-bank-extends-retail-cbdc-study-to-pilot-phase/ Limited area, limited users and limited services - it is basically a coupon. It is like having a Boots gift coupon - you won't be able to spend it anywhere other than Boots. Think about how your gift coupon differs from a thousand baht note.

Maybe we should differentiate between cards/apps (methods to pay not using cash) and full blown CBDC (virtual money). Cards and apps do provide institutions with data but CBDCs will remove any possibility of privacy (as well as providing lots of data) and it will introduce a monetary system which is programmable. Some people might think this is great and they live under a benevolent governmental system but others might think differently ! CBDC removes any choice and it is not something anyone voted for.

Well they have "switched off" their health passes in the past to stop them going to the bank. Once they roll out digital ID's and digital currency it is pretty much game over.

You control the money; you control the people.

From what I can see you are just dismissing anything that you don't agree with or don't understand as conspiracy theory and hyperbole. The Chinese are using QR codes/Covid passports as a means of control. To evade testing, quarantine or restriction of movement is pretty much impossible. They seem to already have used this handy app to control protests. CBDC is programmable, I think most people can see where that would go. No I am not a conspiracy theorist , I am a realist.

Do you mean this post? If this is the one, I would like to know which part is exaggerated.

China was being used as an example of what can happen if a country goes down the route of digital currency and the accompanying social control. Code turns red and you can't go to the bank, store, school or pretty much anywhere. It's a fact , it's not conspiracy. People in other countries need to ask themselves if this is what they want.

I never said it had anything to do with Chinese domination, however the Thai-business elite do have links to China along with other parts of the world. We need to look at who is doing the "choosing" and that would be the business elites who have established monopolies both within countries and across the world. You can pretty much bet that those doing the choosing are going to be those that benefit. There is also the likelihood that this will be a tiered system which will benefit the corporations. They will probably not be using the same system as the guy on the street. We should be focused on states controlling their people and that is what CBDC is for . There is then a higher level where countries jostle for influence which involves trade, financial systems etc. things that are difficult for us to control. However those that have a higher level of control over their citizens will probably have an advantage on the world stage to some extent. And no, the government is not your friend!

It has everything to do with Thai businesses choosing to go cashless. The big driving forces behind CBDC's and cashless payments in Thailand are the big Thai-Chinese corporations (True, CP, Chang, Central, big banks etc). Thailand may pay lip service to small business but in reality it couldn't give a toss.

Safe as houses, what could possibly go wrong! "In China, for example, Huawei tested a face-scanning system that can trigger an “Uighur alarm,” which detects members of the Uighurs, the oppressed minority group. (Chinese authorities have arbitrarily detained as many as one million Uighurs and other minorities in as many as 400 facilities in Xinjiang, in the largest internment of an ethno-religious minority since WWII.) This system would allow the Chinese government to control and prosecute the Uighurs if they so wished." "In 2019, at an annual Black Hat hacker convention, hackers breached Apple’s iPhone FaceID authentication system in just two minutes. In February 2020, Clearview AI — a company that scrapes the internet and syphons billions of online photos for facial-recognition technology use — had its entire client list stolen. This hack has most likely played a crucial role in further hacking attempts at the company and its clients, most of which being law enforcement agencies and banks. In 2020, a McAfee cybersecurity team demonstrated a fault in facial-recognition systems. They used a specially manipulated photo to trick a system similar to one used at airports for passport identification via facial recognition into accepting that the individual on the passport was the same as the one recorded by the system camera. This would enable a person on a no-fly list, for example, to board the airplane. In March 2021, a criminal group used photos bought from the online black market to dupe a government-run Chinese site, stealing $76.2 million in the process." https://www.marketwatch.com/story/facial-recognition-technology-is-one-of-the-biggest-threats-to-our-privacy-11640623526

These days it has gone up a notch and moved on to Behavioural Insights and Nudge Techniques. This type of state behaviour is in my opinion unethical; governments should be working on behalf of the people so nudging their behaviour does not exactly fit the job description.

I voted "against". 1. Cash means we have a physical representation of our money. Without electricity or a network we would be unable to use any kind of virtual currency. Let's face it on the time spectrum we haven't had electricity or the internet for that long. So we could be left without the means to make transactions; in that situation I imagine people would go back to barter. 2. Digital currency is basically a virtual representation of a physical object. If you get rid of the physical object which it represents then it can no longer be a representation of a real object/concept. It then becomes a totally imaginary concept. 3. CBDC's are issued by federal/central banks so it would be easy to subject it to government control. They are essentially programmable which cash is not. This could lead to issues such as geofencing, expiry dates, limitations of use etc. 4. The push for CBDC's comes from the Bank of International Settlements which have a less than stellar reputation - eg. their facilitation of the transfer of Czech gold to German accounts just before the Second World War. I have nothing against the use of technology but we are basically being conditioned to accept convenience at the expense of privacy and reliability. PS How do you have a run on the banks if there is no cash. Just think about the situation in Lebanon where people held up the bank to get their own money. How would that work if there is no cash?

PayPal isn't a bank , it's a company providing financial services (e-commerce company), the laws are different.

Paypal Thailand was forced by the Thai govt. to come onshore. As soon as they came onshore they had to abide by the rules set by the Thai govt. In this case I think it might be the Electronic Transactions Act or something similar (something to do with e-commerce regulations).

As much as I hate Paypal this is a Thai thing rather than a Paypal thing. It all started in the past year or two when Paypal in Thailand had to move onshore because of the KYC regulations (previously PayPal Thailand was part of the Singapore operation). At that time there was a deadline for using PayPal and any business accounts had to get the right paperwork and submit it to Paypal to prove they were an actual business. At that time personal accounts were going to be made redundant but then the deadline was basically postponed (presumably to get their digital ID up and working). Now that they have it working they have seen it as a way to suck people into the digital ID system. Business accounts will already be in the tax system and they seem to have found a way to suck the ordinary person into the tax system with the added benefit of possibly selling their data. Foreigners are basically just collateral damage.

It is not just a Thai ID that you need; you have to sign up for a Digital ID ! This is part of the push to make everyone have a digital ID in Thailand. Interestingly it seems to be part of "Bank of Thailand sandbox" and this seems to be outside companies that apply to get registration to join. It's a bit difficult to get to the bottom of it but I would presume it involves selling Thai people's data. Below is copied from Paypal website "ยืนยันตัวตนของคุณกับธนาคารและลงทะเบียน แพลตฟอร์ม National Digital ID* โดยเร็ว เพื่อใช้ PayPal ได้ในปลายปีนี้**"

Read some of the articles on Covid and vitamin B12 deficiency. Long Covid seems to have similar symptoms to Pernicious Anaemia. I haven't had Covid but I did get this from the vaccine. Bear in mind it will take about 2 months for the Vitamin B12 to kick in if you start taking daily supplements.