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> TL;DR - money is already digital, what central banks really want is centralized accounts that they can helicopter money into I don't think it's the main moti
by jmnicolas 6y ago
> TL;DR - money is already digital, what central banks really want is centralized accounts that they can helicopter money into
I don't think it's the main motive, the central bank could send money directly on my bank account if they felt like it.
As I said previously :
> Digital currencies allow for full tracking of every transactions and are a privacy nightmare.
> They allow applying negative interest rate on everybody and they would facilitate neverending hyperinflation (no need to print new bills at great expense).
> Hence they can't coexist with cash so say goodbye to cash.
> I don't like where we're going.