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A centralized Digital currency has its place and is coming to all countries eventually. There are benefits such as easy disbursement of money to the masses (UBI
by bilater 6y ago
A centralized Digital currency has its place and is coming to all countries eventually. There are benefits such as easy disbursement of money to the masses (UBI) by depositing it directly into their wallets, efficient taxation and more. Look into CBDCs.
- PoignardAzur 6y agoI don't think the primary objection to UBI is "But how can we solve the logistic challenge transferring money to all these people?"
- bilater 6y agoThe bigger obstacle is having to go through congress to approve disbursement of money as opposed to it being a central bank policy.
- ganeshkrishnan 6y agoThe current currency is already digital. Something like 90% of all currencies (including USD, INR) in the world only exists digitally