3 ms·
These "digital currencies" are simply new types of bank accounts where retail consumers can hold money at central banks. They are no more digital than any other
by anm89 6y ago
These "digital currencies" are simply new types of bank accounts where retail consumers can hold money at central banks. They are no more digital than any other bank account.
They have absolutely nothing to do with crypto either.
- dalbasal 6y ago..are are they a "currency" in any augmented way, or is it just currency as it is now?
- anm89 6y agoThe only currency involved in a digital dollar is USD. There is no new currency proposed here. The thing that makes an existing dollar digital is being in a new type of bank account that is held by the fed instead of a retail bank. So this is an new type of bank account, not a new type of currency. I do a youtube channel on monetary issues and my last video was specifically on this topic. Feel free to check it out if you are interested https://www.youtube.com/watch?v=n9qnhV9SAyg https://www.youtube.com/watch?v=n9qnhV9SAyg