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The reason for a CBDC are new features. Money that can be programmed to only be used in certain ways, with certain groups, or at certain times, e.g. expiring mo
by veritascap 5y ago
The reason for a CBDC are new features. Money that can be programmed to only be used in certain ways, with certain groups, or at certain times, e.g. expiring money. It’s more nudging power for our unelected technocrat dear leaders. Imagine the possibilities!
- Broken_Hippo 5y agoSo, less functional money? More complicated gift card?
- LatteLazy 5y agoI think it's more like making negative interest rates or a wealth tax unavoidable... /TinFoilHat
- deleted 5y ago[deleted]
- SturgeonsLaw 5y agoJust think of it as money-as-a-service
- enos_feedler 5y agoIf the reason the government doesn't want to spend money on it's people is because they fear the money will be spent on the wrong things (outside the scope of what they are trying to fix) then making money less functional is actually more functional.
- stunt 5y agoThe only thing this has in common with Bitcoin is "digital". The rest is pretty much opposite of what Bitcoin was supposed to be. (And I say "was supposed to be" because everyone has a different idea about what Bitcoin is today. But that's not related to this discussion here.)
- rvense 5y agoI don't think anyone could credibly claim that Bitcoin is what it set out to be. The original paper calls it "electronic cash" and in its introduction describes private people using it for small transactions, replacing trust with cryptography. I would hope that a CBDC shares that original goal of replacing cash, though to what extent cryptography will be involved I'm not sure. (I do doubt BoE are just going to fork the Bitcoin code and spin up their own blockchain.)